Something I found surprising about the reading was the section on the Due Diligence Evaluation. I never really thought about the fact that an entrepreneur should lay out everything on paper in detail when considering the acquisition on a venture. I think this is really smart because then an entrepreneur can really look at all the details and figure out their's companies' true worth.
One section that was confusing to me was the section on the adjusted tangible book value. I'm not exactly sure how to conduct this book value assessment and what it means for a company.
If I was able to ask 2 questions to the author, they would be 1) how exactly do you conduct an adjusted tangible book value and 2) what is a price earnings ratio used for?
I pretty much agreed with everything the author said. An entrepreneur really has to take a lot of things into account once they begin their business venture. I never really realized how in-depth and detailed it needed to be as well. I think any entrepreneur needs to really think about this before the decide to begin a venture, because it could make or break you.
Showing posts with label Week 13. Show all posts
Showing posts with label Week 13. Show all posts
Sunday, April 10, 2016
Celebrating Failure
1) Tell us about a time this past semester that you failed.
I am taking a Writing Fundamentals class this semester and the first part of the class was all about grammar rules. I thought I knew grammar pretty well because I always seemed to do very well on writing assignments. However, this section of the class turned out to be really hard for me and I failed a few quizzes about certain grammar rules.
2) Tell us what you learned from it.
I was really hard on myself about this and started to feel like I was a really bad writer, which is kind of bad since my major is Journalism. But I did learn that I should pay more attention to the mechanics behind my writing and that I should ALWAYS proofread everything. I also learned that just because some grammar rules are a little difficult, that doesn't mean I am a bad writer and I shouldn't be so hard on myself.
3) Reflect, in general, on what you think about failure.
Failure is essential to success. If you don't find out what doesn't work, then how will you ever find out what does? I tend to be a little hard on myself whenever I experience failure. I immediately start blaming myself and think "why can't I do this right?" However, I should really be thinking "how can I do it better next time?" This class hasn't changed my perspective on failure a whole lot, but I have realized that I need to be better at searching for other opportunities to improve what hasn't worked before. I do think I am a little more likely to take a risk now than I was four months ago, and I hope to continue expanding my horizons and looking for better opportunities.
I am taking a Writing Fundamentals class this semester and the first part of the class was all about grammar rules. I thought I knew grammar pretty well because I always seemed to do very well on writing assignments. However, this section of the class turned out to be really hard for me and I failed a few quizzes about certain grammar rules.
2) Tell us what you learned from it.
I was really hard on myself about this and started to feel like I was a really bad writer, which is kind of bad since my major is Journalism. But I did learn that I should pay more attention to the mechanics behind my writing and that I should ALWAYS proofread everything. I also learned that just because some grammar rules are a little difficult, that doesn't mean I am a bad writer and I shouldn't be so hard on myself.
3) Reflect, in general, on what you think about failure.
Failure is essential to success. If you don't find out what doesn't work, then how will you ever find out what does? I tend to be a little hard on myself whenever I experience failure. I immediately start blaming myself and think "why can't I do this right?" However, I should really be thinking "how can I do it better next time?" This class hasn't changed my perspective on failure a whole lot, but I have realized that I need to be better at searching for other opportunities to improve what hasn't worked before. I do think I am a little more likely to take a risk now than I was four months ago, and I hope to continue expanding my horizons and looking for better opportunities.
Wednesday, April 6, 2016
My Exit Strategy
1) My plan for MyCalm in the future would be to stay with it until I retire. If my company takes off as much as I think it would, I would want to stay committed to it.
2) Because of my passion for helping people manage their anxiety, I would want to stay with it and continue to work help as many people as I can. I wouldn't want to sell MyCalm because I think it would do best if it was run by someone who can connect with customers. Because I have anxiety, I know what works for people and what doesn't, and I can understand their needs.
3) My strategy has definitely influenced other decisions I have made about MyCalm. For example, I have decided to expand it to include doctors who can use the app's "calming log" to check on their patients and see how they are doing in terms of managing their anxiety. This way, it can have a lasting impact on the patient's life. It has also influenced my decision about my opportunity because I have expanded it to not only include people who have anxiety, but to include people with depression disorders as well.
2) Because of my passion for helping people manage their anxiety, I would want to stay with it and continue to work help as many people as I can. I wouldn't want to sell MyCalm because I think it would do best if it was run by someone who can connect with customers. Because I have anxiety, I know what works for people and what doesn't, and I can understand their needs.
3) My strategy has definitely influenced other decisions I have made about MyCalm. For example, I have decided to expand it to include doctors who can use the app's "calming log" to check on their patients and see how they are doing in terms of managing their anxiety. This way, it can have a lasting impact on the patient's life. It has also influenced my decision about my opportunity because I have expanded it to not only include people who have anxiety, but to include people with depression disorders as well.
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