BYUI Bus110 - Entrepreneur Journal

  I think the one thing I learn from this course that stood out to me is to always prepare. Whatever you plan to do in this entrepreneurial journey or working towards fulfilling your goals and dreams in this life you must do preparation and be ready to face not only failures and difficulties but also when experiencing success. Here are some examples of the kind of preparations you need to succeed or to get up and keep going when the going gets tough. 1.        Have a vision and action plan. As President Thomas S. Monson simply puts it, “Vision without effort is daydreaming…” Up until now I thought having so many great visions and dreams mean I already am going to be great in life, to end up the best in my career and on the top of the world. It turns out that not only I have to dream but follow through with some actions. Put effort into your goals and dreams. Start now and do not put it off to wait for perfect weather because someone else may beat y...

Entrepreneur I learn from the reading the importance of listening and following your mentor’s advice. They have experiences and knowledge that will benefit you in your career and life. Randy followed his professor’s advice to go into sales first, work in a company to gain experience before starting his own business. He did just that and this led him to many leadership roles that expanded his skills and knowledge of the field he worked in. These skills and experience led him to the idea and to see the opportunity to start a company that fulfill a need that was not being met in the industry. These things ultimately led to Randy’s business huge success. He was advised that being an entrepreneur he will face failures and he did. It is part of the process, part of being an entrepreneur and this life journey. It is not a sign for you to quit but to readjust and keep going.             One of the things I learn from President Monson’s ...

  ·        Based on what you read in the first two pages (pages 3 and 4), why are virtue and integrity so vital to an economy? The economy is driven by private investors in private individuals and corporations’ goods and services. If private individuals and corporation leaders are honest with their dealings then the economy will be good, otherwise it will be bad for everybody since there is no trust in the process. If these leaders put the wealth or growth of their society a priority and not their own personal monetary gain first, then they will be a great trustworthy bunch of leaders since the markets is connected the employers and employees. ·        According to Charles Handy, what is the “real justification” for the existence of businesses? Keeping the business going so that it can keep growing into something better or become something more than just collecting profits.   ·      ...

  Money, Money, Money Money is important and it is good to seek after money. I believe in what Steven W. Gibson reminds us, “It is OK to seek after money…after we received hope in Christ and if we seek after money to do good: to clothe the naked, feed the hungry liberate the captive and administer relief to the sick and afflicted.” What I learn from Mr. Gibson’s talk is that it is good to have money and even lots of it, but it is important that you seek God first and then use your riches to help others better their lives. It is important that you know how to use money wisely. Money has the power to change your life for the better if you are careful with it or make your life miserable if you are not. Having money is as important as how you earn it. Earning money from an honest hard work will work wonders for you and your life and the life of others. On the other hand, getting money through dishonest work may send you places you never dream of including jail. It does not matter w...