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Showing posts from June, 2024

Week 10

   6 /29/24 Entrepreneur Journal -Week Ten-      Lessons Learned       There was a lot of good stuff this week in the study materials. I enjoyed all of the materials in this week's study. One of my favorites was the video with the title "Dream Big". I enjoyed the story that the speaker gave about his experience in the dealership competition. The author said that when we originally attended the event he placed himself in the top 70 or 80 dealerships. However, as they read the list off, he discovered that his dealership had been placed all the way at number 11! The speaker stated that he was thrilled and could not believe it. One year later, he attended the same ceremony and was ranked number 6. The author then described the fact that he had not aimed high enough initially in the competition. He didn't believe in himself or his team to a degree that would allow him to predict being in a top 10 spot. despite this, he received a high sc...

Week 9

    6 /22/24 Entrepreneur Journal -Week Nine-      Lessons Learned      One of the things that I took away from this week's reading was pretty interesting. It's such a simple thing that can have such a big effect in the long run of a business. It's kind of surprising to me that I took notice of this piece of advice but I did. In one of the videos the speaker refers to the fact that he purposely hires people who are "nice". He says that by doing this he can build a cooperative and functional team. He spoke about how even having only one selfish person on a team or board of directors can mess everything up. The selfish person will take advantage of the nicer people to get what he wants and this will ruin the integrity of the discussion. For these reasons, the entrepreneur said that he sought after and specifically looked for nice people to hire for his company. He saw the trait of being decent or nice as a very important and valuable thing for ...

Week 8

   6 /15/24 Entrepreneur Journal -Week Eight-      Lessons Learned      This week the biggest takeaway that I had was from the video that talked about the five whys and how we can apply them to our lives. The speaker begins by saying that this concept might be hard for certain people to grasp because it proves that behind every technical problem, there is actually a human error if we look far enough. The author then describes how one can more effectively address a problem using the five whys. He says that when we encounter a problem, we should ask why it happened, then why that happened, and why that happened, and so on. The author illustrates that by doing this we can discover the true cause of all of our problems and effectively solve them for good. We might be tempted to think that the solution to a surface-level problem is surface-level. However, the author states that these are only "band-aid" fixes to what are normally more complic...

Week 7

     6 /9/24 Entrepreneur Journal -Week Seven-      Lessons Learned      This week we read the seven habits of highly effective people. For me, none of this material was new. My father read this book long ago and has carried some of its teachings on to me during my childhood years. For this reason, it was very easy for me to select my favorite of the 7 habits. The one my father mentioned the most and the one that really stuck with me was "seek first to understand, then to be understood". My father always told me that this was the most important and I agree with him. Oftentimes, people have a lot more important things to say than we probably think. Understanding what others are trying to convey because we respond can be a huge tool in helping us respond more intelligently. When we listen first, we are much more prone to understanding and less prone to react or respond in a harsh manner.    Lessons not yet learned  ...

Week 6

     6 /1/24 Entrepreneur Journal -Week Six-      Lessons Learned       Three things that I learned in this week's study were the importance of setting rules for your family and business life, the importance of always being able to accept a church calling, and the importance of being an entrepreneur because you love it and not for the money. All three of these lessons are important because they help me mentally prepare for this career field. They are like tools in my toolbox that can help me to be a balanced man on top of being an entrepreneur. Of the three that I chose, the most interesting one  is the "setting rules" for family life principle. I enjoyed the author's story where he said that in his family they had rules about certain things that they always did no matter what. No matter how busy he was or how many things he needed to do, the rule that they set was to always have family dinner at 7pm every night. This was very ...