My First Post

After my venture has been made into reality and a success, I don't really have an exit strategy . Once everything has been accomplish, the only thing that matters to me is how I get there and what I learned along the way. Besides, I'm not even sure that my venture can be turned into reality with all the ludicrous things that I would need to do in order to obtain it. However I don't intend to end it here and I hope to achieve a partial success in this venture of mine. Until then I don't really know what to do for an exit strategy.

"Mindset: The New Psychology of Success" by Carol S. Dweck. Theme: The theme revolves around the perception of failure what can be gained, fixed, or opened from it. When people have a more open-minded approach to failure, it becomes less fatal and becomes more rewarding. Failures have value and should be treated as such. Connection The book connects with the course because it revolves around the teaching of the professor that failures are the steps that lead to success. The professor has made it quite clear that we need to change our views on failures because in the end, they are learning experiences that we face every now and then and it's up to us to decide what to do with this new found knowledge. Failures are a necessary experience in order to succeed. Evaluating failures is an important skill to have and not just for entrepreneurship, but also for life as well. Exercise. A good exercise to take from this is to give students a list of generic failures and hav...

This semester was filled with failures such as accomplishing goals within this course. While studying this course, I hoped to accomplish goals that I had set in the summer semester due to the fact that this semester was easier than most. However I didn't accomplish the goals that would be more beneficial to my health such as going out more with friends near me, meeting new people and befriending them, go to the gym more often, and find healthy alternatives for my diet. But the truth is that I failed at accomplishing most of those goals. I failed at a time where I had the most leisure and quite frankly the most time. It will be a lot harder to accomplish these goals in the future now because I didn't establish them here. Failures are definitely hard to get up from, but they shouldn't be used as an excuse for what I need to do. Failures are meant to be learned from, otherwise they have no value because I gave them no value.

I believe that the next steps that I need to take is to learn the finances and market in general and to gain skills befitting to the idea I am proposing. Also to do so, perhaps it is best to do these under the tutelage of my uncle that I had previously mentioned before in another assignment. Market Interviewers: Uncle's competitor: The best to do right now is to gain the skills and knowledge of the market before you can move forward otherwise you are digging your own grave in the business world. Roommate: The best you can do right now is to finish this course and get yourself a job related to this course. Classmate: It is best to understand what you are getting yourself into. I think the best approach for you is to get a job at the bank because your business is most similar to a bank who hands out loans based on your credit and reputation. Reflection: After the interviews, it is clear that I need to expand my knowledge of the market before I can participate in the marke...

Opportunity: There are many business ideas that come around to the people’s mind, most go unrealized due to the either financial reasons or for reasons such as inexperience in business and other such blunders. My market is the business world and its many residents ready to make their ideas practical and accomplish what they couldn’t accomplish alone. Potential customers must currently work jobs to gain capital for years or they are learning the business world for themselves before starting their own ideas. With the right conditions we can expand our business from financial aid such as advices to real estate. The window of opportunity will be long, especially because business ideas are always going to be a part of entrepreneurs thought process of what they want to do in the future. Until the government takes over the free market, it is highly unlikely that said market will run out of this opportunity. Innovation: My business start up idea could be something that people can use to ...

1. Social capital: other entrepreneurs a. Valuable: yes, because they can give me resources such as tips, people, and supply me with what I need. b. Rare: no because it is easy to know people who run businesses c. Inimitable: yes d. Non-substitutable: no 2.Social capital: People with financial skills a. Valuable: yes because they have knowledge needed for this type of work. b. Rare: No, people are learning these skills as we speak in colleges and universities c. Inimitable: yes, most likely d. Non-substitutable: yes 3. Knowledge of finances and markets a. Valuable: yes, because it is the very basis of what I am selling. b. Rare: yes because they are plenty of people who know finances but fewer people actually using it on the field. c. Inimitable: no because those are years of experience d. Non-substitutable: no 4. Marketing a. Valuable: yes, because it is important to sell the idea to others b. Rare: no because it is common to see people taking pu...

Reflection:(Made by some friends/family) Stop saying umms mid sentence.  Dress appropriately. My business idea revolves around being professional so that I may sell the services I offer. Stop shaking your right leg when presenting.  Be more confident. Pace your voice because it wither is too fast for the audience and sometimes just right. What I changed The shaking The pacing Tried to find a shirt more appropriate for this presentation.

Title: How to Fail at Almost Everything and Still Win Big Theme: Failures are detrimental only if you don't learn from them. It's what we gain from these failures that matter the most. Connection: Failures are to be expected in life because no one is perfect. Failures are experiences to be learned from so that you make a better product of it. Taking the feedback of customers with a new product is more beneficial than one would think in a failure. Exercise: The exercise would revolve around creating systems rather than goals. It is important to know that goals are different than systems because goals can be discontinued or stopped due to either lack of interest or willpower. Systems are processes where one can improve themselves through. So a good exercise with this in mind would be to find goals that you have either stopped or are still reaching and turn them into systems. Record and test your system to see if you find any changes from when it was a goal. Surprise momen...

1. Feng Zhung (Expert) Feng Zhui is a expert in China when it comes to business starting. He is the person to go to when you want to start something new. Perhaps you have an idea what you want to start, and he will help you get what you need. He is 56 years old who is highly influential in his field and has many talents when it comes to business. I came about him with a little help from my uncle who if you recall from a post form a while ago, is the person I interviewed who has many tips and advises for me in business. There wasn't much exchange as he saw me as too young and naive to make any proper exchange, which I agree with. But hypothetically speaking he would oversee the first few operations if I ever did my business, and all he asked for was contacts of the people who started their business through my company. Including this person in my network will not only assist with the start of my company but also lead to contacts that stretch beyond the U.S. 2. Hui Zhung (Domain Exp...

1. I am a very sociable guy who likes to talk to people and try to connect with them on any theme possible. I don't have much experience or much skills related to business, even now I'm not so sure about my idea about the business starter is what people need. I, at this point, only see myself as the guy who came up with the idea. 2. I am offering services to solve their unmet need of how to start up a business. 3. I am offering it to people who aspire to be business owners/ entrepreneurs in whatever field they so desire. They are people who want to start a business but doesn't necessarily know how or where to begin. Perhaps they don't have experience in the department of business and only know what they specialize in. 4.They care because of the services I am offering, an opportunity to start something they want to start now. This will be an early opportunity for some, a chance to start something new for others. That is why they would care of the product that I am off...