WK05 Reflection Blog Post

10/14/2021

Entrepreneur's Journal
Entry #5 (Week 3 BUS 110)
Elizabeth Simons-Adams

  • What were your key takeaways from "A Hero's Journey" video?

Have faith and courage to find your entrepreneurial calling.

FAITH

The hero's journey is all about you; but it's not about you at all.
    NOT about YOUR own happiness.

Live every moment of your life like it matters and how you will make a difference.

3 promises:
    Learn how to learn - listen and ask questions
    Learn how to make money - pay attention
    Learn how to live a life of meaning

Find great role models and ask them questions.

At the end of your life - answer these 3 questions:
    1. Have I contributed something meaningful?
    2. Am I a good person?
    3. Who did I love and who loved me?

Find a calling that fits my special gifts.

Ask 5 people what I do the best - list 5 things from each person

Do something that brings you great joy.
A calling must serve others.
What problem were you put on this Earth to solve?

You will become like the people that surround you.

Gratitude - write a 1 page hand written letter to the ones you're most grateful.

Being rich is spending less than you make.

Some other key takeaways from articles studied this week that I enjoyed:

Perseverance - James E Faust
    1.    How to organize and use time wisely.
    2.    Importance of hard work - reap what you sow
    3.    Leadership Skills
    4.    People Skills
    5.    Value of gospel study
    6.    Respect for authority
    7.    Importance of prayer
    8.     Humility and dependence on the Lord

Important skills:
    The ability to find good salespeople and manage a salesforce.
    Having a firm grasp of which numbers are important.
    Knowing how to put together an assembly line or service delivery process.
    Being able to communicate clearly.
    Listening to and questioning customers effectively.
    Being a problem solver; thinking
    Being curious enough to uncover and unravel the strategies of competitors.

Adding value to the lives of customers and employees that builds great businesses.
Character trumps skill.
Persistence and determination alone are omnipotent.

Other important traits:
    Basic curiosity
    Fairness
    Courage
    Relentless pursuit of opportunity
    Industry expertise
    Good business judgement
    Relationships and Reputation

**The Secret: Stay the Course** - it's not a destination, but a journey!

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