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.

Week 12 reading reflection

1.)   The biggest surprise for me is the amount of companies that failed had for the most part done so because of a lack of planning. It seems natural that a company would spend a great deal of time planning out their venture.

2.)   One thing that confused me a bit was the strategic approach analysis. It seems rather complicated and maybe difficult to figure out which approach would best suit a venture without a failure to prove it.

3.)   Question 1: For a new venture what is the best approach for developing a strategy if the company is only one-two start up people? Question 2: How likely is it that a strategic plan will fail even when the entrepreneur does everything you advised?

4.)   I don’t believe there was anything wrong about the text this week.