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Capstone Journal Entry - Your Own 'Last Lecture'

If I were to give advice to someone who was about to start the entrepreneurship journey the first thing I would tell them is to have confidence in themselves. If you do not believe in yourself, no one else will. It is important to trust yourself and know that you can accomplish what you put your mind to accomplish with the plans you have made. I have learn many great principles from the Action Hero, I will miss but not really miss it because I have save the link and I also know I will always get access to it when I visit my ilearn page. I have learning great principles and life experience from great men and women which has really shaped my way of thinking and living. One of the people whom live experience always echo in my mind each day was Desh Deshpande, he worked tremendously hard and had a strong goal to start companies with intentions of everything can be done with benchmarks in mind as well.  He had a few setbacks over his career but taught that he learned from each s...
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L13 Entrepreneur Journal

This week was a very amazing week for me. I have been having hard times getting asignments done on time but we were blessed with good weather this week, no rain and at least every two days there is full light till the next day. I learned great lessons from my PowerPoint presentation, even though I was not able to complete it, I learned from some of my class colleagues the importance of making a presentation so well that you can take investor into that “woow” moment.   I really enjoyed reading the file titled “WORK ON YOUR BUSINESS, NOT JUST IN YOUR BUSINESS”. I learned that “Working in your business means that you remain an active part of the daily operation of the store. You might serve customers, train employees, and monitor records frequently, whiles Working on your business means that you take valuable time to develop strategic goals for what you want the business to become and that you establish plans for accomplishing those goals. I have learned the importance ...
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Lesson 12: Entrepreneur Journal

This week, one of the things I learned that I would want to keep in my journal is the “ 12 essentials for striking the right balance in a family business” Set some boundaries. It’s easy for family members involved in a business to talk shop 24/7. But mixing business, personal and home life will eventually produce a volatile brew. Limit business discussions outside of the office. That’s not always possible, but at least save them for an appropriate time — not at a family wedding or funeral, for example. Establish clear and regular methods of communication. Problems and differences of opinion are inevitable. Maybe you see them already. Consider weekly meetings to assess progress, air any differences and resolve disputes. Divide roles and responsibilities. While various family members may be qualified for similar tasks, duties should be divvied up to avoid conflicts. Big decisions can be made together, but a debate over each little mov...
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L11 Entrepreneur Journal

This week, I have had the privilege of learning how Franchising Works. Purchasing a franchise is such a proven model that I am surprised that more people don’t do it! I feel most people in Ghana don’t go into such business due to our level of education on this matter. The reading materials from the website under How Franchising Works did enlighten me a lot about franchising. I have come to understand that franchise business offer much less risk than other conventional businesses because it has better operational and management systems. According to Small Business Administration (SBA), many small businesses failed because of weak management. (http://money.howstuffworks.com/franchising2.htm ) I personally have a strong erg to purchase a franchise and also be able to educate others about it. I also learn of interesting terms like Franchisor and Franchisee and also Franchise Agreement which are often sign between the Franchisor-the owner of the business and the Franchisee-th...
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