Entrepreneur Journal B238 Last Lecture

                                                           The Last Lecture 

                 

                This was a great journey; I had the opportunity to learn a lot of new things.During this semester I got really to learn who I am and what are my desires and how can I use this knowledge in profit of the entrepreneurship. This journey was organized to develop the ability and understand better what an entrepreneur does, what is his lifestyle and  the impact on the society, but what most important things how to keep a balance between your work and family.I got to learn to follow my dreams or better remind me of my big dreams that I forgotten during the way. The lecture on this course brought big hope and taught how to dream big again.  All the case studies were interesting and created big hope based on their success story. And of course I had to learn how to discern what are the projects and goals to follow most and what are the ones to invest more. I learn how to build a life of meaning and not guided by the desire to make the community a better place. At the beginning of the journey my main purpose was creating a wealth and making money but I learn that in this journey if you are drifted by the money you are not going anywhere and going to end-up miserable at the end. To succeed you need to have a dipper meaning and of course will made this path easier.The 100 $ project help realizing in practice in small scale the life of an entrepreneurs. Who wants to going into business need to start small and enjoy the journey while he will see his company grows and become better.I am grateful that I had the opportunity to attend this course and being able to develop further my knowledge on Entrepreneurship and of course how to combine the principle of the gospel into it.

Entrepreneur Journal Week 12

                                       Failing Forward.

                  Learning Process 

         Failing is need to success This the main idea idea that I got from the lesson this week is to see failure as process and opportunity that will bring success. Its hard most of the times to see failure as something good or at least to have the tolerance to failure. The main idea  is try and try and until you find the right way and something that was new this week is treat life as an experiment. Nothing will last long enough but when you fail, even when you thought you found the perfect formula you need to get yourself together and get up again and try it again. The main philosophy is that risk is everywhere but we need to be optimistic and never give up on our dreams. I think that being even in process of trying to do better or improve yourself . 

100 $

That was the final week time to close the business.  This week we didn't do any online advertising for our product and turn  out that no selling this week. As a product I like and I could get out more of it but if where in the winter season where or the holidays coming up. Summer time people are not that into the gift boxes but anyway turn out to be good. This week we just deal with a few custom complaints about the product not being yet delivered by the post. So we learn how to satisfy our customers and to calm them down and assure them that everything is OK and on their way. This part too was important to learn how to deal with the customer even after the selling is done.

Entreprenual Journal Week 10

                                          Buying a Business or Family Business 

100 $ challenge 

On the activity 100 $ challenge. I keep selling the boxes the brand ones sell more than the others and I don't know why but most people like the Swarovski boxes. So this week I was able to find some other ones used and in meanwhile I found even a place where they sell packing and other material so I can get even new ones boxes. Question mark is this people who are buying the boxes using them for the right purpose. I don't want that ,they will buy a boxes and than put a fake product and sell it for real Swaorvski, so I don't know what happened with my product after I sell it. I don't know if I am helping the counter fit, but in the same time its interesting how many people asked for this product in inbox. 

Learning 

In the learning material this week was interesting to see the vantages of buying an existing business. Buying an actual business can be very profitable and you will not started from the beginning but this option is when you don't have time to start a new business, and of course when you don't have an idea and think the idea of other can be profitable.

When you buy an existing business need to figure out why they are selling, and this can be different reasons like, problems with the location, problem with the marketing in the area, problems with the furniture and other question that need to be resolved before enter in this adventure. 

Family business something that really stuck in mind this week was the succession ownership plan. Its something that most of the business in Albania don't have it or they never think about it since its a problem with the vision they don't think they will make it that long. It important to have in mind that who is going to be the successor of the company and what are the criteria of choosing him. What will happen with the company and the family too. It something that want to discussed  as family with the all the members.

Entrepreneur Journal Week 9

                                                    Making a living and life


100 $ challenge

To grow and keep steady a business take a lot of hard work and you need to think of different processes. In our case we need to think even about getting the right amount on time. This looks something that would not happen easily to reach 100 $ with our selling product. While thinking what need to do to boost our selling since its not even a period of holidays where people make gifts. An idea came to my mind instead of offering normal random gift boxes with paper bags why we could just offer brand gift boxes. I learn that people would like that and they would pay even more for bag that has a brand name on it instead of random one. I looked into Ebay that were someone who is selling this kind of product but in the section used condition. So I collect from family and friend the brand gift boxes they had like Swarovski Tiffany and Co, Bvulgari, Armani Jewelry watches. I got 3 Swarosvki paper bag and boxes that got sold pretty easy this week and made 30$ out of them. They were in good condition but used and this intriguer me to find more or to order some personalized one. On the other hand I don't know if this is ethical correct. It makes my bussines a level A business or a level B or C.

Learning process
In the article Making a living and life I really like some point out of it and bring some new concepts.
There are different level of business and of course different level of employees.It depends on what drive you more that make the difference in what level you are. So if you are focused on money and not in the helping others you probably will end up in end failing. If you are focused on the kingdom of God and servings others profits will come. We can become a level A employee and of course as businesses owner we need to find these employees to work for us.  I like in the talk when he mention that are we involved directly or indirectly in some issue that we don't know how to act on since it is in contradict with our beliefs.

Entrepreneur Journal B 238 Week 8

   Week 8

100 $ challenge

        So this week we had to give on a purchase in fact since the postal office didn't guarantee that the item will be delivered correctly. The item was going to be sent to South America and that was not possible and we got to learn too other country where are item are not available to be sold and we did the necessary correction on the eBay listed to the product. This  week to help the selling grow up we decide to give personalized gift boxes for your jewelry where people who write their name or picture this will have a better impact on the customhouses and will help made it to our goal. I have a friend who is ready to help if we get order to be personalized gift boxes.

Learning process 

        This week was all about processing and I like the idea of always improving  and find new ways of have a solid business process. BPI is a set tools and approaches that the managers apply to the companies,

It goes into six steps Planing a process of improvement  Analyzing the existing business process, Redesigning,Acquire resources, Implement, Continually improve. This are the steps of BPI. I want to share to a concept got from the video of Guy Kawasaki he explained the difference between now and than bussines and how we need to shoot for the star and we are born for big thing, Our goal need to be to change the world and we can change the world and even get profit out of it. When we look back we can see if did something good for the community and end up to being rich. Worst scenario we did something great just not Rich. Instead if we were drifted by the money we will sure fail and end up miserably.  
http://ecorner.stanford.edu/authorMaterialInfo.html?mid=268