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Showing posts from April, 2018

Exit Strategy

I intend to keep my business under my name for the long run. The "Eco-Shredder" is something that I have put a lot of thought and effort into. I respect people who sell their businesses to larger companies for profit, but that is never a route I would be willing to take. When you sell the rights to your idea you are forced to watch it go down routes that you would never intend it to. Even if there is less profit to be made from taking this route I believe its worth it to keep your business model on track and in line with your values. I think my exit strategy has influenced my business decisions to be more long-term because I know that I will be sticking with my ideas for the duration of my business and not selling it off. My strategy has made me more patient with my business growth and allowing the right opportunities to come to me. I won't be afraid to pass up on a deal so that I can wait for a better one to come.

Final Reflection

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1.) Over the course of the semester, this class has been a roller coaster full of highs and lows. I found some assignments very enjoyable and others I dreaded. For example, I really enjoyed coming up with my idea to fit a need. I had never done anything like that and it was the first time I had been excited about solving an issue that was related to school in a while. On the other hand, there were many circumstances that I really hated doing assignments for this class. I disliked completing interviews the most because they were time-consuming and it was hard to find unbiased subjects. 2.) My most formative experience has to be my idea of the "Eco-Shredder." I truly believe that this invention could help eliminate plastic waste in our world by a huge percentage. I am definitely proud to have thought of the bigger picture(Environment) when picking my problem to solve because at the end of the day all of our little problems are so irrelevant it isn't fu...

Celebrating Failure

Like professor Pryor explained during lecture, we will fail in our lives countless times. When you are going through hard times it's not about being able to find an instant solution, but to be resilient and to keep working despite the lack of success. An example of me failing in my past would be when I took a big hit in my lacrosse game two weeks ago. I usually can avoid hits but I was fatigued and took the hit. I suffered a concussion and was forced to lay in bed for over a week. This was a huge setback for me being so late in the semester, so I was given the option to medically withdraw from school. I decided that I wouldn't let this one failure define all of the hard work that I put in the entire semester and got back to work as soon I was mentally able to. I took the hard path and I believe I can still finish with a good GPA. I have learned a lot about tenacity in this class, and I have to credit what I learned in entrepreneurship to my positive attitude today. I am n...