Business 183
Last Lecture
It has been a great semester and I
have learned a lot. I feel that I have been educated this past semester from
the readings and videos that we had a chance to watch. I have learned what I
would do and would not do if I were going to start my own company or
business. There is a lot of advice that
I would give to another person who was seeking a career in entrepreneurship or
a small business. The first piece of advice that I would give is to do or
create something that will better the world. I have learned that most
entrepreneurs want to start a business not for monetary means but to help
change or help the world in someway. Most have succeeded and have changed the
world and made a lot of money, but it all comes back to the impact that there product
or business has had on the world. The second piece of advice that I would give
is to not be scared and have courage. It is an uphill journey in the
entrepreneurial world and it sometimes takes along time for a product or
company to develop. When this happens it is important to be patient and let the
process play. Don’t be scared to fail, its going to happen. The best
entrepreneurs have failed several times before they became successful. Take
what you learn from your failures. There are always things to be learned when
you fail at something. Look at the positive and the negatives and figure out
how to make the product or business model better. The next piece of advice that
I would give is to surround yourself with the best people, because the best
people will take you where you want to go. So many great entrepreneurs have
stated that the people that the hired to help build the company are the ones
that made it successful. You do not have to do everything, you just have to be
the leader and drive the people around in the right direction. A company that I
really respect is Zappos Shoes Inc. Zappos offers $5,000 dollars to anyone who
quits in the first five weeks. Zappos theory behind this is that if you do not
believe in their culture and business model you are hindering the growth of the
company and they do not want you. I think this is a fantastic idea and shows
that Zappos knows that hiring the right people is the key to their success. So
long for now and I hope the advice that I gave to you will be beneficial and
help you succeed in you entrepreneurial and business efforts. Thank You!