Celebrating Failure

This past semester me and a bunch of my friends have been playing in a competitive intramural softball league. We came into the first game excited because we knew we have the talent but we ended up losing by one run after having two opportunities to tie the game up. This nail biter of a game was rough because we knew we could've won without a couple of dumb mistakes, but it was also a good measure to see how good our team actually was. We fought through adversity and were able to come back, but we still failed as a team to get the win. I think before this semester this type of lose would have destroyed me, but I was able to see some positives in this loss because of what I've learned this semester. I learned we were a good team that can compete with anyone, but we just had to get rid of some rust so we could end playing at our full potential.  

Week 13 Reading Reflection

The most interesting thing I found in the reading this week was just how much goes in to the valuation process of a business. Overall this chapter wasn't all that confusing however they didn't give any reasons on how people attempt to avoid certain costs during a start-up. Given the opportunity I would ask the author if he has a favorite method of valuation and I would also ask what are the most difficult parts of buying or selling a business. I don't disagree with anything the author wrote this week.

My Exit Strategy

My exit strategy is to sell the company quick and be able to live comfortably for the rest of my life. I want to retire early and be able to enjoy life so I think most of my decisions throughout this class about my business have been to make it a quick success that people want to buy for large amount of money. This exit strategy has definitely impacted my decisions because I identify opportunities that can be fixed fast and I can use to my benefit to become almost like a fad product for a little bit, but still offer the opportunity to expand my business in the future so other companies are willing to buy me out.