Entrepreneuer B238 Week 8

                                    Finding Great People 

100 $ challenge 

Our product and project is alive. This week we lunch our item for sale on E bay., and did some online advertising share our pages, on Facebook Instagram and Google + and invite some of our friend and ask some of my friends who had some fun pages to promote our E bay link. We get selling this week that was something that I didn't excepted to happen so fast but the not many and the profit its low, its hard to get our target of 100$, that will take time just need to figure out a solution. An other problem is the get the money the cash that takes a lot of time too since it will take 30 days to release the money that they go active into your account and then you can withdraw them. Paypal will transfer the money automatically every month on the first day of the  month and then from the Paypal account to my personal bank account it will take other 5 days. So if don't want to wait until the first week of the month you can ask to withdraw the money that are available by paying 5$ commission. This is something that bothers me and will take a lot of time that we don't have.

     Finding great people and how to hire the right people. This week we learned how to conduct a interview about hiring and distinguish the right people for your company, because you can have as a candidate someone that is really talented and well experienced but he probably will not fit to the company vision or culture. Hiring the wrong people can make more damage to the company than good, and what its hard after you hire someone is the part of firing them get off the bus or reassign their role on the company. Before every meeting prepare yourself and read the candidate profile resume and prepare some good question that help you get the right information from the candidate. Usually are open-ended question that are preferred to use according to the situation and try to avoid the closed question. This is after you have made it clear in your mind for who are you looking for and what its role going to be.

Entrepreneurship B 238 Week 7

                          Management and Leadership

This week main focus was on leadership. About leadership that's a lot of talks and training and thought, but this week there two concept that hit me. First is about the difference between a leader and a good leader. The main difference is called emotional intelligence and is the ability that someone has to control his emotions and to use for the good of the situation. Its a set of five principles self-awareness, self-regulation, motivation, empathy, and social skills. Study's had shown that truly effective leaders are distinguished  by a high degree of emotional intelligence. The IQ the academic learning are really important that qualifies your for a leadership position but this attributes just open the door for you, good leaders use emotional intelligence to make the best out of that position and make the difference in the leadership world today. An other aspect is the difference between leaders and managers it is a talk by Hugh W. Nibley Leaders to Managers the Fatal Shift. Managers tend to please their superior and they play safe without taking much risk and are very predictable and try to establish a normal routine and a finial security in the other hand Leaders creative, unpredictable, inventive take risk and they try always to please the low ranks. I think that every managers should have a little bit  the spirit of a leader so they can achieve better results.

The 100$ project this week were still quit and still waiting hopefully the package will be here next week if not I still going to published online and give it time for people to learn and be familiar with it.

Entrepreneur Journal B238 Week 6

Customer Focus 

              This week I want to talk about something that really hit. Not every customer is a good customer and some is better to not have them as customers. Studies showed that it cost more to the company in fact 5 times more to the company to obtain a new customer instead of keeping and working with an old one. I was one of them who didn't tend to develop a long term relationship with the customers. I had the mind set in the moment that the product is bought the job is done.I need to look for a new client now and find ways how to sell to more clients. I was so wrong. I learn that there is the moment where everything start and need to develop a good relationship with the customers, that will help save money on marketing and of course keeping a good relationship with you customers will generate other customers an increase your positive feedback from the clients. There are some customers which are completely  wrong for your company. Successful companies know exactly who their ideal customers are, and they focus their energy on creating products to please them. In my work I have seen customer who are there just for the promotion time and than they live and when you think about the time and resources that where spend to get those customer in the end was not even worthy it. Not every customer is a good customer.

              On the 100$ Challenge thing are going well but slowly still waiting for the package to arrive the tracking number shows that is on its way. Something I did this week was to look at our competitors and see what they are selling and what they do best or how is going for them. I decide to compete on price and offering some additional product like paper bag that goes along with the packing box.