Business 183

In class this week, we had a guest speaker who just blew my socks off with wisdom! Turns out that he is the father in law of Brother Wasden! But I learned a lot! He taught us about his financial formula that he has lived by for most of his life and how it has worked out so well for him and his family. He also counseled us to model ourselves after somebody that is already successful. I took that counsel to heart and am going to be modeling myself after my father, who has always been a phenomenal example of work ethic and intelligence. He also mentioned his top 3 priorities in his life which were 1) God 2) His wife and 3) the legacy he leaves with his children. Just a great experience getting to listen to his story! I want to apply many of those things in my own life so that I can be successful as he is!

In this weeks readings I learned a lot about skill, luck, and hard work when trying to be successful. Each of these play different roles in business and especially entrepreneurship. Some play a bigger role than others, but they all still amount to the final product of an entrepreneur and his company. Hard work definitely trumps the other two, followed by skill, and then luck. You could be the most skilled entrepreneur or businessman out there, but somebody that works harder than you could easily pass you up and become more successful. We watched a video in class about a man that sought to be successful, so he found a man to mentor him and teach him how to do just that. They both met up at the beach and the man made him walk out waist deep into the ocean. Once they reached that point, the man dunked him under the water and held him under until he was on the brink of passing out. Once he came out of the water grasping for air, the man asked him how he felt when he was underwater. He said...

This week I have learned a lot about identifying my fears, and also how to overcome them and achieve the goals that I have. The team that presented this week, posed the question "what will hold you back from attaining your dreams?". As I have pondered that, I have come to the conclusion that one thing that holds me back from time to time is my lack of focus. I am very creative, and at times that serves as a weakness for me because it distracts me from certain mundane tasks like homework and such. I have decided that I am going to hold myself accountable to a set schedule so that I know what I have to do and when to do it. I feel like this will help me later on down the road of life as well. I feel like another positive factor in helping me overcome this roadblock, will be the Savior and His Atonement. As I rely on Him in faith, I know that I can overcome my weaknesses and make them strengths. Another thing that I have been pondering this week has been persistence and determ...

This week I have learned a lot about personal integrity in the business world. The group presentation this past Monday showed the class a video about a man that was asked by his potential employer to lie about a business order. His initial reaction was one of shock, realizing that what he was being asked to do was wrong. The man in charge that asked him to make the false order saw that he was struggling with the idea, and offered for him to think about it that evening and to report the next day if he was on board. The man who was seeking to be hired went home that night to talk it over with his wife. He and she both knew that they needed this job, but ultimately the man decided to choose his integrity over the job that put that at risk. He returned to the office the next morning and told the employer that he knew it was wrong of him and that he wouldn't follow through with it. The employer stood up and shook his hand, congratulating him on his decision to be honest. He went on to e...