Introduction to Entrepreneurship (B183)

This week, I have learned from different essays, and in the book “A Field Guide for the Hero's Journey” about the power and influence the money in our life, when we put it in first place, money can destroy us. I like the story of the King Midas. He has a strong desire of get gold, and he received a gift, he could turn in gold everything that he touched. In just seconds, he built a fortune, but he noticed that he lost the pleasure of take a flower, and smell his aroma; play the guitar; and finally, he lost her daughter after touch her. The story of King Midas could be associate to an exceptional story, but many entrepreneurs become like King Midas. They become successful entrepreneurs whom can rise fortunes, but they lost the time for enjoy the pleasure of a good food, a dance night, and even some lost their families. I am not suggesting that work hard and rise money is bad, but we need to fix an equilibrium, and understand what is the purpose of money. King Benjamin say “I...

Fulfilment, satisfaction, and happiness are reasons because we want to become entrepreneurs, spouses, parents, recognized, or whatever. President Thomas S. Monson shared a formula to success in our live. The 3 steps that he shares are: Fill our mind with truth Fill our live with service And, fill our heart with love I have proved that 3 steps work to have a happy life. Sometimes, entrepreneurs and people in general search for happiness in sensual pleasures (good food, drink, and sex), but at the end, they discover that these pleasures don’t fulfill them enough, and don’t give them the happiness than they are looking for. President Monson suggest “that when we search for truth, we search among those books and in those places where truth is most likely to be found.” The knowledge from good books help us to avoid bias in our path to the happiness. Service, it is one of the best ways to enrich our life of happiness. Implicit factors in service are to be grateful wi...

This week, I had the opportunity to interview an entrepreneur who works in the tourism industry with a travel agency. This experience helped me to learn some basic and universal principles about what define an entrepreneur as successful. During the interview, I learned that he never focused in money or income as a goal, but he focused so much in the following aspects: 1. A happy family is the main goal of any project. 2. An important asset of an entrepreneur is his network. 3. You can measure how good are you manage your business when you are able to leave your business because you are sick or another event, and the business is still running. I learned about the behavior a good entrepreneur that an entrepreneur is always looking for new opportunities of business. A good entrepreneur is not just a people who know how manage effectively his resources, but he knows how raise resources when it is necessary. An entrepreneur is a creative person, a person who don’t fear to mak...

In Good to Great book, we learn that good is enemy of great because when people are comfortable with their results, they are not able to fix better and higher goals. Also, James C. Collins invite us to choose the correct people for the company. This people, and you must be disciplined people, this mean that leaders must be humble, commitment, organized, inject personal capabilities, and make meaningful contributions based on talents, skills, good work, etc.; after you have selected people, then you can make assignments for members of company. The author teaches us the importance of disciplined thoughts, this mean confronts the true facts, and understand the hedgehog concept. And finally, it is important to create within the company a culture of discipline, and implement technology accelerators. This week, reading the document “A message to Garcia,” I learned that one of most valuable abilities is the ability to execute. In the document, I learned the following steps: 1. Accep...