Business Plan

I have learned this week about business plans and how to create it. I made my Business plan to my $100 dollar project and looks good to me, because I can see in a tangible form my thoughts and plans regarding how to make this project a reality. Definitely make a business plan is best way to encourage business to success because it shows a well defined path; its like a map where people (investors, entrepreneurs and more) can lean on it to evaluated risks and potentials gains. The best plan,the best chance to success.

I have learned from Paul Robshaw the importance of father's role in their son's life because sometimes an Heritage of knowledge is better than money, also I have learned from him this great quote : "Dreams are reality without boundaries" I love it because it makes me feel that I can achieve my dreams working hard erasing boundaries like money or resources, giving an opportunity to the creativity to come out.

Another great learning thing in this week is the 4 advises from Richard Branson:
Stay on target
Be realistic about costs
Hire the people you need, not the people you like it.
And my favorite: know when to say good bye.
BTW I have added this guy in my Facebook account because he gives a plenty of great business advises to entrepreneurs

Lesson 3: Choose a Business

I had a great learning week.

 First I made my 5 business proposals: 

1. Gourmet /special flavor ice cream
2. Cookies sell.
3. Basic Computer course to adults
4. Baby sitting
5. Shoe repair

 I will choose sell cookies combined with special flavor ice cream, I think it should works great.

 In this week's readings I learned a lot from the founder of Domino's Pizza it was very edifying to learn from him and see how the gospel changed his life for well another of the people who left me a great teaching was how  President Hinckley encourage us as students,although we are not as good, as he mentioned in a joke.

   

One of the materials that left me a great lesson was the page of Harvard Manage Mentor about innovation and creativity. I liked the exercises in which they put you in the place of a manager and to be able to make decisions to makes an Innovation in your company considering the existing working group and then inviting people who could contribute with their knowledge and technique to create an environment conducive to developing ideas that benefit the company.

In the case of the Boston ducks it led me to think like not all businesses grow out of nowhere but rather are the product of much effort on the part of an entrepreneur willing to have achieved their dream I learned that before putting a business you have to weigh Risks and consider the requirements of the city as an essential part of starting a business.

Other of the teachings that remained in my mind is the importance to put a name to your company in such a way that you have no problems using it. 

I think that this 9 advises from President Faust are very important in order to succeed  in business as well as to receive the blessings of the Holy Spirit:

Live so that we can merit guidance of the spirit.

Never be complacent and try harder.

Exercise more faith.

Purge ourselves of personal aggrandizement.

Beware of pride and flattery.

Be humble and submissive.

Always try to act to promote that which is good for others.

Learn to enjoy the fruits of the Spirit.

Do works of righteousness. 

Kiva and more

I’m very impressed with Kiva because they are an amazing nonprofit company Kiva never charges interest on loans, and never takes a fee from lenders. 100% of funds lent on Kiva go to funding loans. I learned a lot about the Kiva organization and I realized that the goodwill of the people still exists in this world because there are so many people willing to lend money with just a little information provided.

In my report I had chosen a person, who needed money to follow his biofuel project, but I was surprised at people's responsiveness because their project was funded on less than the agreed date, so I will chose another one when my $100 dollar project is finished.

Choosing one or 2 start business is a easy task but 40 its seems like is a lot of thinking, especially if you want to do the right thing so I had a great time choosing and selecting my 40 business projects and Kiva gives hope to start some of it.

 Another great learning from this class week was to learn about different entrepreneurial blogs. It gives many helpful ideas and advice to entrepreneurs. One of my favorite’s blogs is from Guy Kawasaki; this guy has a great entrepreneurial energy that is contagious.  

http://guykawasaki.com/blog/