Celebrating Failure

1)    A time I failed this last semester was when I tried to start an exercise regimen. I decided to finally get my butt up after having my baby girl, and lose some of this extra baby weight. I went hard at first, but then I was so sore that I decided to take a rest day. After one rest day I couldn’t find the energy to do another exercise day. This made me mad at myself, and I ate more to feel better. So in the end I ended up gaining a few pounds!

2)    I learned that I need to be really dedicated and not take rest days until my exercise habit is formed. I learned that failure is okay, as long as I get back up.

3)    I think failure is not only good, its necessary. I needed to learn that if I took reset days before having enough habit in me to continue after the rest period that I could lose motivation. Now that I know that I took a different approach to exercise and decided to participate in some of those 30 day challenges that don’t allow for rest. This has helped me a lot, and in two months I’ve dropped all my baby weight!

Week 13 Reading Reflection

1.)   The thing that stood out this week was the due diligence analysis. I think its great that the author took the time to actually outline what it means to do due diligence.

2.)   The one thing that was confusing was the valuation for the firm. I think it could be very difficult to try and get a good idea of what your company could be worth without being overly optimistic.

3.)   Question 1: When it comes to due diligence does it take a trained professional to do it properly? Question 2: If you had to valuate your own firm, would you hire someone who isn’t biased to do it for you?

4.)   Nothing really made me disagree with the author this week.

My Exit Strategy

11.)   Our exit strategy would have to wait. I believe a company like the one I want to start would be best kept as a family business. I think I would continue working as CEO and founder until my daughter was old enough to continue on my path. Entering the diaper industry is such a big deal that I would want to leave it so quickly.

22.)   I selected to keep the business in the family because I believe its good for a few reasons. First it would be beneficial for the demographics I target to have a family owned business for marketing purposes. I think parents are especially susceptible to business they feel they can trust like a family owned start up company. I’d also like to keep it because of the hard work I think I would put in if I were able to enter into the industry.

33.)   I do think that with a strategy to keep the business I will put more effort into delivering a high quality product that parents can trust. I will keep things close to home and make sure everything that comes out of a manufacturing plant will have a personal touch of me in it.