This week was awesome, as it is every week. Unlike the
other weeks though I was not ahead in my homework due to being out of town.
Unfortunately, this did affect my intake on the assigned readings. However, I
did make some interesting observations in class.
First, team work is key! And nothing can beat preparation.
My team had to give the research presentation in class yesterday and we did
good. But it wasn’t until we all got on the same page about what we were doing
that things came together. The week before we had done a motivational moment
and I realized between the two that each person in our team has different
strengths, I’m definitely better and the motivation part then the research but
a couple others in our team were great at the research. In short, my point is,
it is important to realize the strengths of the people you have in your teams
so you can utilize them in the best way.
Second, sometimes slow is better. We read a case called
Warm Fuzzy Cards. The question that was put to us in class was, "Should
the founder of the company peruse fast or slow-paced growth?" The class
split to two different sides of the room depending on our opinions and then we
had a small debate. The arguments were interesting and both compelling but what
it really came down to was what the founder wanted/felt she should do and her
capabilities of expanding. Neither fast or slow growth was wrong necessarily,
but in the end, we decided that for her company in her situation it would be
best to peruse slow growth. (I chose slow growth to begin with)
Third, if you’re going to argue, know your argument. But
more importantly know your audience. One kid in the class tried to take the
side that as a mother the woman in the case had a first duty to her family and
wouldn't be able to handle an expanding company. Now let me just say he almost
got eaten alive by the 3 very activist women in that class. Even though I knew
what he meant and understood his reasoning, the way he formed his words left
him in a bad situation. Be aware of what you’re saying. "It takes a life
time to build a reputation, and only a few seconds to destroy one."
Fourth, everyone is born an entrepreneur, you just have to
make yourself one. We read an article titled, “Are Entrepreneurs Born or Made?”
the author asked a group of successful entrepreneurs, “What is most important?
Skill, Character or luck?” The answer came out to be character because nothing
can by that. Skills can be learned by those with the right attitude, and luck
only determines “the difference between making $100 or $1000.” Remember that
every skill can be learned, but it’s up to you to have the character in order
to be worthy of those skills. Character is being persistent, continuing to get
up every time you’ve been knocked down. We may all be born with an
entrepreneurial ability, but few nurture the character required for success.
One last thing, The Formula,
1.
Wake Up Early
2.
Work Hard
3.
Get Educated
4.
Find Your Oil (what
makes you unique)
5.
Make Your Mark
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