Week 5

To balance life with work you need to make rules. 

Never be too busy with work to take on a church calling. 

The most valuable asset to an entrepreneur is time. 

Personal finance can help bring us to Christ. 

Personal finance can help us accomplish our divine missions. 

Personal finance can help us return with our families back to Heavenly Father’s
presence. 

Personal finance can help us become wiser stewards. Personal finance should not be a scary topic if you are well educated.

Personal finance is a 5 step process:

1. Decide
2. Educate
3. Commit
4. Believe 
5. Achieve 

Important Things to Remember:

1. Life is about others
2. It's about faith
3. We can have God's help
4. Finances are a spiritual manner
5. We are responsible for our choices and our finances
6. Consumer debt is an addiction
7. Every family should have a budget
8. We cannot judge or compare
9. We must learn to be financially wise

Myths about Entrepreneurs:

1. Entrepreneurs are born, not made
2. Entrepreneurs are well educated, rich, and young
3. Entrepreneurs are big gamblers
4. Entrepreneurs are loners and cannot work with others
5. Entrepreneurs only care about money
6. Most successful entrepreneurs start their companies with a break through invention or technology 
7. Fail at your first business and you will never get a second chance
8. They couldn't get a good job so they work for themselves 
9. Entrepreneurs have to sail very close to the wind to succeed
10. You will have no life as an entrepreneur 

Week 4

I had such a great week in class this week and I learned some really valuable lessons. I really enjoyed reading a little bit of So you Want to be an Entrepreneur. I think I'm really going to enjoy this book. I'm also looking forward to starting Mastery this week. 

Some of my favorite things from this week from the various readings:

Some of the hardest decisions in life are choosing between two right answers 

What matters most is not the prize at the end but how the hero has changed in the process

There is only a .0006% chance of becoming a "rock star" entrepreneur

One of the most important questions you can ask yourself is, what are my values and what do I care about? 

Elder Faust discussed qualities you should have that would bring opportunities and blessings: 

1. 1. 
   How to organize and use time wisely
2. 2. 
   The importance of hard work—that you reap what you sow
3. 3. 
   Leadership skills
4. 4. 
   People skills
5. 5. 
   The value of gospel study
6. 6. 
   Respect for authority
7. 7. 
   The importance of prayer
8. 8. 
   Humility and dependence on the Lord 

After reading the Sandefer article my favorite takeaway was: 

"Entrepreneurs become successful, one small investment at a time, in a never-ending 

process. Because entrepreneurial success isn’t a destination, it’s a journey."

I always enjoyed learning about the 10 most common traits of successful entrepreneurs:

Persistence

Confidence

Vision

Action

Dedication

Faith 

Integrity

Adaptability

Courage

Communication

Week 3

This week I finished reading The Start Up of You and I am actually kind of bummed because I loved it so much! I had a ton of fun reading it and I think I learned so much valuable information. Below are some of my favorite take aways from the text.

• We are all natural entrepreneurs, but we aren't all cut out to run a business
• Before you try to start a business it is important to determine your competitive advantage
• You should be adaptable. It isn't going to be beneficial to have a one track mind. Chances are you aren't going to end up at the end of the path that you first dreamt up. 
• Network! Network with purpose. Have planned coffee breaks or lunch meetings with people who you want to strive to be more like.
• Understand risk and evaluate when the risk is worth taking and when it isn't.
• Always be learning!

This week I also had the chance to read a couple great articles online. One of my favorite things I learned is that it is important to do what you love because you will be better at what you do. This specifically made an impact on me as I am getting ready to graduate and am looking for potential job opportunities. There are plenty of jobs out there that I could do decently but this video clip helped me to realize that I will be much more successful if I pick a job that I enjoy because chances are I will invest myself more and therefore will be much more successful. 

I'm excited to start reading our next text and see what more I have to learn. Entrepreneurship is such a new concept to me as a Family Studies major so I am really enjoying all the new skills that I am learning and developing.

Week 2

What a wonderful week this was to be able to dive into another case study, talk about ethics, and discuss LDS perspectives on business. I really enjoyed reading the case study about Magdalena Yesil as I am surrounded by a lot of the companies she was talking about in Silicon Valley. Before I moved to Silicon Valley I had a harder time understanding the world of Venture Capital and start ups but I can definitely paint a clearer picture now.

As I was reading the materials for class this week it really got me thinking about what I would do if I were in that particular person's shoes. Would I feel successful? Would I feel that I was doing an excellent job of providing for my family or would I feel that I was too focused on my career?

Another topic I really enjoyed discussing was that of integrity and how we can be successful in our careers while also maintaining and upholding our integrity and honesty. I recognize how important it is to be "true blue, through and through" as Joseph F. Smith would say. I think that it we focus on loving God, serving Him, and loving and serving our family that we will be much happier in our careers. We'll never be as happy if we focus on material things, wealth, power and prestige.

It is my hope and goal to always remember the important things in life and to remember what I am going to take with me into the next life and focus on those things rather than focusing primarily on business endeavors, career goals, and finances. All we can take with us are our experiences and knowledge so that is truly my focus in life and I hope never to forget that.