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 than talking or asking lots of 'smart questions'. I have much work to do in this area of my life and hope that I will be able to be very proactive and that I will learn to consult myself and materials rather than bombarding the leader with questions I can answer myself.
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 ...
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