Your Exit Strategy

1)    If my business becomes as successful as I would want it to become and its stock continues to increase after 5 years of owning, I would sell it for very large return.

2)    The reason why I selected this particular exit strategy is because this way there is no way I could lose, even if the company grows at an exponential rate after I leave I will not feel bad because in the end I already made my money. I would grab that money and invest in a line of business that keeps me interested and on my feet, I believe that with this simply fact added into my line of work I would become much more successful than a simple business idea I do not have much interest for and only cared about its success to get me started.

3)    Yes, it does have a lot do with the decisions I would have made in my concept because I just want to create a product that I know will be very successful right now but I cannot guarantee that for the future. Therefore, if my exit strategy is to sell it for a good return then I will be able to go in to the industry I want as a business owner and that is my ultimate dream.

Reading Reflection #3

Mindset: The New Psychology of Success

By: Carol Dweck

1)    The general theme or argument of the book basically encompasses the fact that your mindset can influence your success exponentially and that if you believe in your goal that you will be far more likely to reach whatever goal you want to reach.

2)    This book most definitely enhanced what we are learning in ENT3003 because it applies to how you must believe in yourself 100% of the time because if you don’t nobody will. It is all about the attitude and push you put in to your own ventures if you want them to succeed at the level you want them to.

3)    If I had to design an exercise for ENT3003 based on the book I just read I would make students list step by step why they believe they are going to be able to reach the goals that they want. Make them picture a reality in their head which may help them carve a clear picture of the path they must take to reach their full potential.

4)    What mostly surprised me from reading this book is that even though experience is important you have to go with your gut and believe in yourself sometimes even though whatever course of action you are about to take may be risky because in the end if it doesn’t work you just go back to step 1 and if it does you are already at step 2 which can go a very long way especially in a new business venture.

Celebrating Failure

          Since the beginning of the semester I had a goal in mind which was to stop eating junk food 100% of the time I was going to have a meal. I told myself I would not be able to eat anything ranging from pizza to burger king until the end of the year, however this has been pretty difficult to do. Even though I have lowered the amount exponentially I still have had pizza 3 times this semester which in my eyes is a failure because I said I wouldn’t have any until the end of the year. Last year I would eat pizza or some type of junk several times a week but it got way out of hand which was why I had to make such a drastic decision I still failed at. I learned that even though I failed I got farther than I would have than if I never had failed because that would have meant I would have kept on putting junk in my body. I think you need failure to grow in areas you have never explored before and from it comes experience which is very necessary in my opinion to become a successful person. I handle failure mainly more emotionally than behaviorally because I really kill myself about it in my own head which in some way does influence my behavior to be more strict about my conditions because I never want to feel like I failed again. This class taught me that I must embrace my failures to get the experiences necessary to reach my goals and that if I don’t try then it would be impossible to get anywhere.