Business is best

I learned about the importance of having faith in oneself as an entrepreneur and understanding that risk taking is necessary but also wisdom and patience is important when seeking the prize. Corey Kesler, a great entrepreneur and mentor for me, shared that his biggest regrets involved not charging enough for what he did and the amount of time having a business takes from family life. The complexity and diverse forms of operation within a business is fragile at best, and must be considered with great care. The balance between family and entrepreneurial endeavors is precarious and is not a game to be taken lightly. It is imperative that creative thinking and reason be entwined together to create feasible innovation that increase the marginal revenue of production. By innovative thinking and utilizing capital in efficient ways we make production less expensive dramatically increasing revenue and increasing profits of the company. Investing in capital is necessary to bolster revenues, but ...

I have enjoyed learning about the attitude of a successful entrepreneur and that profits do not define the success of a business. I have thoroughly enjoyed learning that the attitude for success is a win-win situation by leading with our examples and through love. By doing our best to bless the lives of others and listening to what they need rather than simply trying to guess at what they want, we will experience success in our various occupations and start-up attempts. Because of this course my wife and I are now contemplating the idea of creating our first little business, a small restaurant! Plans are being made as we apply what we have learned and we hope that what we are going to learn will help to fill in the gaps that we have right now. This week I learned about the attitude of executing orders and commands to the best of my abilities. I have learned that by being proactive I will differentiate myself from others and that I can gain other people's respect by doing rather tha...

I enjoyed the videos and readings this time around as well. My critical thinking process of how to solve problems dramatically improved thanks to the idea that many times the technical problem is not the real problem, rather it is often times based on human error. This led me to re-evaluate how to problem solve and I have come to realize that for anything in life, especially in a family or business, it is vitally important to trace all problems to their source so that they can be corrected, not just mitigated. It is imperative that critical thinking skills develop and that we never succumb to defeat in the face of adversity. While it is certain that there is a degree at which quickly redirecting energy is imperative, in general our focus is to reach our goals and progress as entrepreneur heroes. To endure every catalystic blow eventually brings better days to those who believe in Christ, as stated by the prophets, when faith and an excellent disposition are present. Accordingly it is...

This course so far has been great to me, I have learned so much this past week about the importance of habits and how to become a successful person. I believe that by being ethical in all of my decisions and perusing the path of mastery in all areas of my life by applying good habits that I can be successful and bring much joy to my family as well as the world. Entrepreneurship is not a easy course and is not for everyone, but I have a dream and believe that this course has been invaluable to me personally. I look forward to learning how to actually manage and run a business, what is it really like to go all in?  I also hope that by following the advice of my own mentors that I will be able to better myself and my wife and I's entrepreneurial endeavors. I loved learning about the 7 highly effective habits of successful people and found that by looking into myself that I could see different qualities that I liked and other ones that I wish to better. The talk by Gordon B Hinkley w...