Sunday, April 24, 2016

Final Reflection





1. Really reading through my blog again it made me realize how quickly time flies. I almost forgot many of the things that we had to do for this course very early in the semester. It's crazy how much we have done to develop ourselves this whole semester.

2. I believe that the one thing that will stick with me for years to come is the assignment where we had to give away free money. Even though it was slightly awkward to conduct I found it the most joyous and meaningful experience. I specifically remember the ones that I gave the money to were having not the best day but when I gave them the money they immediately brightened up. It made me realize that I want to make people happy as I continue on my journey through the world of business.

3. I definitely see myself as an entrepreneur. Maybe not the best entrepreneur but I am positive that I developed the right mindset to be an entrepreneur. I'm going to make sure that I use the skills I learned this semester to become better overall.

4. I definitely recommend future students taking this course to keep a calendar. It is so easy to get lost in all the happenings that you might forget to do some important assignments. It is definitely important to get the most out of this class. To perform best in this class I highly suggest to not care what others may think of you. You're going to be talking to a lot of different people but remember it is for your development.

Week 15 Reading Reflection

1) What surprised me from the reading was that the company only gives out loans to women, because they are better investors according research they conducted. 


2) I'm just a little bit confused about the pressure system.  I would be worried that with other women paying off others loans that might lead to problems in the household. 


3) How are people able to live on $1 a day?  In places where inequality of women is an issue, how would your business work there, wouldn't anger arise from the men? 


4) No I don't think the author was wrong about anything, the business article was an interesting read.

Sunday, April 17, 2016

Google Gold

1. Strategy to SEO
- I definitely tried my best to make each post easy and enjoyable to read. Obviously no one wants to click on something that seems boring. For each blog post I tried to be real instead of trying to sound like a computer. I felt like if people were going to read a blog they wanted to feel like the person is speaking to them.

2. What were your key words?
- Throughout my blog you can see words like: Cheap, Easy, College, students. These words are all really attractive to a certain demographic of people.

3. How did you use social media to enhance your SEO efforts?
- I didn't really use social media to enhance my SEO but I probably should have in order to get my blog out there more.

4. Most Viral post
- Is my Idea Napkin No. 1. I believe this was pretty popular because I had simple and easy terms that were attractive to others. The whole post was very easy to understand.

5. Did you make it to the first page of google results for your key words?
- No there were definitely many other sites that beat my posts out.

Week 14 Reading Reflection

1. What stood out to me the most was the many different ways and ideas to encourage innovation in a work environment. Innovation is key to competitive advantage so I was interested to see those ideas.

2. Nothing from the reading was really confusing for me.

3.  Are there any radical innovation ideas in the entrepreneurship world? Can a company succeed without innovative ideas?

4. I didn't disagree with anything from the reading this week.

Wednesday, April 13, 2016

Very Short Interview, Part 2

I revisited my first interview and reached out to again Vi Nguyen. She is a freelance Entrepreneur who goes around various companies to offer her skills as an asset. I was able to contact her because my family keeps close contact with her and she was always there to give me advice.

Question 1: Do you think that you will continue to be an entrepreneur in the future?

Answer: If the right opportunity presents itself, then yes. I want to keep my mind open and learn more about what could be improved in society.

Question 2: What do you think is the most important characteristic of an entrepreneur?

Answer: Definitely value! Its not enough to simply have an idea you think will make money. There are plenty of those. Think of an idea that is fundamentally unique and creatively different than existing ventures. Money is simply a means to an end and entrepreneurship is the process of creating value in the market.

Question 3: For your entrepreneurial journey what have you learned that has stuck with you the most?

Answer: I would have to say failure. Failure is something that one must accept before moving forward. Without failure one can never learn and take the necessary steps to succeed.

Definitely my comfort level now is way higher than it was three months ago and I am really glad about it. This class definitely has helped me grow in ways that I didn't think I could. The entrepreneur took note of comfortable and more confident I was since the first time we spoke so that is definitely proof of my progress.

Sunday, April 10, 2016

Celebrating Failure

1. I must admit that I failed at being a good big. Within my organization of the Asian American Student Union we are assigned bigs and littles. The purpose of a big is to show their little the ropes around campus and hang out with them and get them acclimated to the college life. Well all that basically happens fall semester, by the time spring rolls around your little is pretty much your friend. I failed at being a good big and making contact with my littles. It's honestly my fault because all I really do is stay at home.

2. I learned that as a big I should really reach out to my littles more because college can be a tough time for any one and I wasn't there in their times of need. I don't even have to hang out with them, I learned that a little catch up messaging is really all they need to let things off their chest.

3. Failure I think is needed in order to succeed. I'm a firm believer in one step back two steps forward. You have to learn from failure in order to succeed further in life. I think this class helped me cope with failure because the assignments made me go out into the world and talk to people. Sometimes you'll get rejected but you can't let that stop you from continuing to talk to other people. I personally handle failure by giving myself a pep talk which really helps me emotionally. The pep talk helps me tweak myself in a way so I am in a better position to succeed. I am definitely more willing to take a risk now than I was 4 months ago.

Week 13 Reading Reflection

1)What stood out to me was was the due diligence. I had no idea what it really meant let alone what one should be looking for. Also I had no idea how long the checklist for analyzing a business should be.  It reminds me of the show shark tank in which the entrepreneurs that go on there and throw out crazy evaluations always blow me away. I understand them because you put so much hard work into something you are going to value you that thing more than anyone else.

2)Part that was confusing: Nothing was really confusing

3)Two questions:When doing valuations how do you get the numbers from other companies to know what percentage of the market your company is? Or how much other companies make compare to yours?

4) Did not disagree with the author on anything.

Sunday, April 3, 2016

Week 12 Reading Reflection

1. The biggest surprise for me in the reading was the fact that in a study of about 70,000 failed firms  lack of planning was the major cause of failure which is crazy to me. It seems like planning is the first thing you should do when you start a firm.

2. I didn't really find anything about the article that was confusing to me. It was well written.

3. My first question would be, how far should a firm plan ahead to ensure their success? My second question would be, if growth for a firm is no longer available should the firm come up with a new strategy?

4. I didn't disagree with anything the author has written. Everything was supported well with evidence.