Entrepreneurial Journal

          Last week I wrote about the project we would start and today I will report how was it. We start to offer our services, ( when I say our is because its me and my wife, she is the person who "knows the things", I am the person who "manage and sell" ) and we have some clients this week, with a considerable profit. In every business my hint is always have someone who "knows the things" and other who "sell the things" it is possible to have both in a single person, but to execute both functions is very difficult, so in our case we decided to separate the functions. we both have to know about products and how to sell it but each one execute one specific function.           This week I read about how important is the name of your company, and how the entrepreneurs let to choose the name of his or her company as the last part of the process. We worried about the business plan, budget, partnerships, clients among many others and we le...

          This week I received a nice challenge from my teacher from BYU Idaho, this challenge is called U$ 100,00 challenge project! Here are some instructions about this project: “In preparation for starting your $100.00 Challenge Project, you will choose a Kiva borrower that you would like to support. This project is a unique opportunity for you to experience entrepreneurship. It will give you the opportunity to apply what you are learning in this class and to get a taste of what being a small-scale entrepreneur is like. Being a successful entrepreneur means being creative and resourceful. This project will require both creativity and resourcefulness. By donating your profits to Kiva, this project will also give you experience as a social entrepreneur.”           Another important characteristic of this project is that you cannot start with more than U$ 20,00! Yes, twenty dollars! ...