Entrepreneurship

     1.    My plan is to stay with my food service and to continue to grow it to the point until I can have my own bakery. At that point, I would like to focus more on the bakery aspect of things because cooking/baking is what I like to do the most. I would pass off the service portion of it to a trusted employee or partner that has been with me from the beginning. Since the service itself is non-profit I can’t really sell it, but I could create a board and have them elect a new CEO. As for the bakery, I would sell it when I got older and wanted to settle down more.       2.    I chose to do this exit strategy instead of sticking to my service because I genuinely want to be able to make an impact on the world and I want to be involved in multiple organizations which can be difficult to do while managing your own companies. The reason I am not making it a family business is because I think it would be up to my kids to decide whether ...

1. What was the general theme or argument of the book? Throughout his book, Kahneman offers his opinions about human judgement and people’s thought process through research he conducted over decades. The main point of the book is to understand errors that people may make in their judgements or choices. Kahneman ultimately wanted to show the human brain and how it processes information and makes decisions in a new light, he did this by saying the brain forms thoughts in two ways: System 1 and System 2. System 1 happens automatically on a subconscious level. While System 2 is slower and happens consciously. From there, Kahneman then breaks the mind into “heuristics and biases” which explain why people have a difficult time thinking statistically.    2. How did the book, in your opinion, connect with and enhance what you are learning in ENT 3003? When creating a product or service it is incredibly important to know your market inside and out. I think in order to be a...

So I am sure I have had other failures that were probably a bigger deal this semester, but so much has happened that I honestly can ’ t remember. But, one failure that I recently had was actually in this class about 3 weeks ago ish. I had done my assignments early and was super excited because I didn ’t have any work to do on Friday, I turned them in on Thursday and that was that. Then, about a week later I find out that I didn ’t declare it the assignments even though I turned in the links, a total no-brainer move and I am honestly not sure why I did it. As a result, I missed out on four points. What I have learned from this is to not get too excited for the weekend, but to also always double check whether or not you have turned something in. I think with this class, since we have so many assignments to turn in, by the end of the semester you start to trust that you submitted what you had to because it becomes a habit. Now I know to always double check myself and I have been doing ...