L14: Last Lecture: Aldo Arteaga

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All roads begin by taking the first step.

One of the most difficult things in this course is to commit to creating a small business with a small loan of $ 20. It is a unique experience that teaches you how to start a business from scratch.
The first step is to lose the fear of failure once you have overcome this You will realize that each failure is a teaching to be able to do better.
The questions in your mind before starting any business should be: I can or want to start a business?
Maybe you can do it because you have the economic position to do it but if you do not have the love for what you do and that passion for your business it will be very difficult for the business to survive because in the first trouble that arises, you could be discouraged.In the other hand, there are people who say that you want that power and it is true but we also have to be realistic about our position if we want to start a business we need a small capital to be able to do it.There are People who say that they want to be able to do it, but we also have to be realistic about our position. If we want to start a business we need a small or big capital to be able to do it.
One of the fundamental questions is to which business you should choose which business you really like so much that you would even do it for free, once you have The answer in your mind that will be the business of your life.The first step to starting any business(after you know exactly what kind of business to create) is to have a business plan to be critical in the success of it.In that business plan must be included a very well-developed market study which will give you an idea if your business is profitable or it is not.You must choose the right people who will accompany you throughout your business way, those people can be mentors or even business colleagues who will give you tips to succeed.
Never forget that the only person who can make your business does not grow you, you put the barriers to wanting everything on your own, bring together the best possible people to grow your business in such a way that you focus on The business and Not the product this will help you to continue your work as an entrepreneur.
Sincerely love your customers They are the reason for being in your business never disappoint them and you will see that they will correspond to you faithfully when acquiring your product .
The road is not easy, but it will be worth it.
I wish you the best of luck in this project and pay close attention to each of the details and do not pass up the opportunity when it presents itself to you.When the world tells you that you can not do it show them how to do it.

Let's create a business. Sincerely Aldo Arteaga

Lesson 13: Failing Forward

  My $100 dollar report: This week we sell the last 5 Cycream sales, and with it I accomplished the goal of the 20 projected sales. Blackberry(a regular client) and 4 pecan Cycreams were the trend this week, I learn a lot regarding phone calls sales and how people responding positively when they know that profits will be donated, so I learned that people looks with better eyes to the  business that helps the community.

This week I learned that it does not matter that we fail the important thing is to recover and learn from the failure, in such way that we have to remain positive and focused without losing the spirit of our business. I learn from Richard Branson that "Every business involves risks. Be prepared to get knocked down, but success rarely comes from playing it safe. You may fail, "there's no such thing as a total failure." 

From Tom Nall I leaned that we always takes risks but we have to calculate it.

Also I learned that we have to see our business as a business not like a 24 hours job, in this week reading says: The over-involved business owner has no time to spend with friends or family, and he is generally so busy with the day-to-day operations of the business that he fails to give adequate attention to the strategic planning that is so important for the business' long-term growth and success. But the totally absent owner has no control over what happens with the business she fought so hard to establish. She is unaware of the direction in which her business is headed, and she pays no attention to the strategic planning that, again, is a crucial aspect of business growth. Many dangers, including theft and mismanagement by employees, can cost her the business". So we must to be careful always taking well balanced business decisions.