Today we went over chapters 12 and 13. Then we worked on our business plan portfolios. We also watched two segments of Shark Tank, and went over our operational plans for our entrepreneurial experiences for Friday.
Chapter 12 is about operating for success and gives tips and steps that most businesses apply to make there businesses successful. Chapter 13 is about management, leadership, and ethical practices that businesses use. As an entrepreneur you need to be a leader for your other employees and lead by example.
For our business plan portfolios we found locations for our business. I found a great office space for rent in downtown Sioux City on 4th street. This is a great potential business location for me, because it's right by the Tyson and by potential investors so they can invest in my business as well. Tonight I also started work on my business plan portfolio so I will see what Judy thinks of it tomorrow.
In the episodes of Shark Tank today there was a kids dance party business and rodeo cowboy workout salesman. The kids dance party seemed to be a great idea and pretty popular, but their growth plan was confusing on how they were going to reach there target market and grow. No one invested in this plan because their business plan wasn't complete. The rodeo cowboy workout was very interesting and fun to watch, the presenter was charismatic and presented a working product. He had a lot going on and it was tough to see if he had the idea to grow this into a great money maker. He made a deal with Daymond and he plans to sell the cowboy persona to reach people and help sell his charm.
No comments:
Post a Comment