Last E Journal for class

                Timing, timing is just as important to money when you are thinking of starting your own business or buy one up. This is something that needs to be thought of and seen that if you are in the market of everyday life or just on the holidays. You need to research the area that you want to work and grow in to know that this is the area that is right for you.

 If you are looking in to starting a business up with your family, just remember that you need to have set boundaries of when it’s time to do the family things and business things. There are too many family business that start up and do not last long for the two get mixed together that no one wants to work together.  Do not get me wrong the family business is a great thing and some are very good at running and staying ruining for they know how to keep the family out of the business and vise a versa.

The business plan is very important as well. This is the plan that you will set up that tells how you plan to run the business and the goals that you want to reach while running the business. This will take a lot of time to do and should be well thought of.

The 100 dollar challenge is done with and I did not make any profit at all. I was asked that even though I did not make any money if I learned from it. The answer is yes. I learned a lot of how to start and run a business and I think that it would have been profitable if I stuck to timing everything right and was open for longer.

E-journal

This week we talked about failures and how they are not bad and I think not matter what you do you can not avoid them at first. We can always learn from failures and they can make us better. I think of Thomas Edison when he had tried so many times to make a light blub. Thomas failed so many times, but he looked at it that he found ways how to not make the light blub and then he found the right way and it is still in use today. I like His attitude about this for if he just gave up then who know what would have happened to the history that we know today. We also talked about Steve Jobs, he was a good man that has worked hard. I thought that it was interesting that he dropped some of his classes and took a writeing class. Steve said that this is what he use to set up the apple.  After this lesson I know that all the trails and failures that I will go through will make me into a better person.

E- Journal

This week was a great week to learn a new thing about owning your own business. The subjects that we talked about and leaned this past week are family business take over and buying a business. There are things that we need to keep in mind while look into buying a business that is already running. The first thing is that it will take more money to buy it but the customer base is there. The bad thing about buy a place that is already set up is that you don’t know what the people think about that store or if the store owes more money then you want to get into. We talked about what we need to be careful about a family business and taking over a family business. There too many families that start a business but fail. The most reason why the family business are not successful is that there is too much family in the business. I mean that the owners will let family work in areas that they are not the best at because its family and they needed a job. Or all the time the family has is given to and talking about the business and what to do with it.

E journal

This week I learn about franchise and what the good and bad are about that route of starting a business. I think that after learning more about it that people without a business degree that wants to feel like they are working for themselves it’s a good way to start. I mean that the start up and the name come with a price. After you pay that and any royalties that are set you are your own boss. This is the route that I would take instead of opening up my own place. I would go this route for I do not know much business to start a place from scratch, but I do know how to keep a place running.  

This week for the challenge of starting my own small business and running it has gone nowhere. I think that I started too late in the season that it would have been great. I gave a way three tutus hoping that will spark sales, it has not. Now that I gave away I am 50 dollars in the hole and no profit. I have learn that time is everything that you do in opening a small business. Time will hurt you or make you profit.

E journal

The Jet blue was a great story to read for me. I too have a hard time sitting still and reading. I felt that I could really see David’s point where he was coming from. It was crazy to see that he helped the air lines reach a good point then the Martins sold it the new airlines did not like how David run it or his new ideas. He was let go after this contracted ended. He then made his own air line called jet blue. He cut everything that was not needful or the people did not buy very often. This he did to reduce the cost of things. Now that he has a great flights and customer coming back to fly with them, there are making a profit. This is great to see that even a small man can go up against well established companies and compete with them and make a profit. The most important thing that will help you do this is cut un-needful things and customers come backs.

I am finding out that it would have been best to sell the tutus before Halloween. There have been many people that tell me I was late. That if I came back before Halloween they would have bought the tutus for the girls’ customs. I hope that I can find someone having a party I can sell to.

E Journal

The article about the Zippos Company offering people to quite after the training presses was surprise to me. I would never have thought to let someone go after I spent all that time trying to find them. They say that this why they can find the people that want to work for the company and not just make a buck. I think that this would only work for them in Las Vegas as a call center. After talking to a couple of people around here their sights are we spend a lot of time hiring people we want to encourage them to do better not worse.  Here is a link to the report so if you would like to read for yourself.  http://ecorner.stanford.edu/authorMaterialInfo.html?mid=2542

This week I spent time talking to people and my wife to find out what kind of colors are the most liked that I can make the tutus out of. It turns out to be lots of pink, white, orange, blue, and black. Now I can start making them to sell to people for 10 dollars apiece. I hope that I am not too late on selling these for it is after Halloween. This would have been perfect for Halloween customs like the white and black color mix, or orange and black.