Week 1


The Introduction to Entrepreneurship course at BYU-I promises to be a heavy class; it will require a lot of time and dedication but will reap huge benefits as I learn to discover who I am and what I am meant to do. What is my calling? How do I brand myself? Will I overcome my fears? Specifically, will I learn to speak in public, talk to strangers and network effectively?

Mediocrity is unacceptable! There were an abundance of great points in each of the readings and videos, but I made a summary of the points that stood out to me most:
  • Keeping a journal will create lasting habits that will make me a great entrepreneur.
  • It is a wonderful thing to be faithful, but a much greater thing to be faithful and competent.
  • Avoid the academic path of least resistance.
  • Only our best is good enough for the Lord.

Living Life as an Entrepreneurial Hero

  • Live life as an adventure
    • Dig deeply for talents and gifts and discovering how to use them for joy, enrich life and serving others
  • Dream big
  • Accept that life is hard and seldom fair
  • Persevere from difficult decisions to habits to character to destiny
  • You get to choose, but you are not in control
  • Real entrepreneurs learn to fail quickly, cheaply, and often
  • Choose your fellow travelers well.
    • No matter how talented the person, life is too short to put up with jerks.
    • Life is too long to associate with liars or cheats or gossips.
  • Ask yourself:
    • Did I accomplish something meaningful?
    • Was I a good person?
    • Who did I love and who loved me?
  • Long for the future, act in the present, and learn from the past
What is the Introduction to Entrepreneurship Course

  • Living a life of meaning is about living a life with intent
  • Four Biggest Goals:
    1. To discover an entrepreneurial “calling”
    2. To choose constructive habits and to deeply etch them onto your character
    3. To select your next steppingstone job or begin your entrepreneur career
    4. To embrace Disciple Leadership by examining “The Ministry of Business”
  • Ingredients of a calling
    • Gifts/Strengths
    • World’s Deep, Burning Needs
    • Joy/Passions
  • Ethical Guardrails
    • A reminder of the wisdom of making consistent ethical decisions in a way that helps keep your life and aspirations on course.
  • A hero’s journey to entrepreneurship
  • Life of Meaning Framework
  • Have the courage and maturity to look inside yourself first, before lashing out at others
The Start Up of You: Executive Summary

  • Permanent Beta mindset
  • Competitive Edge
  • Experimental Plan A, Alternative Plan B, Unchanging Plan Z
  • Network
  • Pursue breakout opportunities
  • Intelligent risks
  • Network intelligence
  • You can invent yourself, and invent the future


Do What You Love and Money Will Follow

  • You can be miserable and rich or miserable and poor if you don’t follow your passions


BYUI Building Dedication – Gordon B Hinckley

  • Don’t sell yourself short
  • Maintain your integrity
  • We cannot afford to betray ourselves

Introduction: Launching Leaders

  • Great leaders usually have great friends, those who lead you to higher ground


On Personal Branding

  • You live and work in a networking world
  • The brand of you is just one part of the startup of you

On Career Building Tools

  • Permanent Beta
    • Always be inventing yourself
  • Network
    • Helps solve problems at work

Comments

Post a Comment

Popular posts from this blog

Week 10

Image
This week, we had the opportunity to seek out an entrepreneur and ask them questions regarding their business. We were pleaded not to waste their time, however, as each minute is extremely valuable to the entrepreneur. Vague questions would not cut it. You must find your calling and seek others in the field to help guide you towards success. No amount of riches, fame, or power can match the fulfillment that comes from pursuing your calling. Don’t know what your calling is? You may visit www.Acton-Life-of-Meaning.org to help guide you. An entrepreneur differs from an administrator. For the entrepreneurial mentality, external pressures stimulate opportunity recognition. Below, you may see the differences in mentalities between an entrepreneur and an administrator. For the entrepreneurial mentality, external pressures stimulate opportunity recognition. These pressures include rapid changes in technology, consumer economics, social values, and political action and regulato...
Read more

Week 14 - My Last Lecture

Entrepreneurship is about taking action on your ideas, making those ideas visible, and rendering them available.  No amount of riches, fame, or power can match the fulfillment that comes from pursuing your calling.  Don’t be afraid to dream, dream big! Then act on your dream. Start with establishing stepping stones with where you currently are and where you want to be. Think about your life and set your priorities. Then, set short-term goals that you can reach. The key question to keep asking is, “Are you spending your time on the right things?” Because time is all you have. The Acton Foundation tells us that the world is overpopulated with planners, procrastinators and political schemers—parasites who prey on a market economy. People who will accept a task and execute it promptly are as rare today as they were when Elbert Hubbard wrote of Colonel Rowan’s mission. Don’t procrastinate and start your business now! Before embarking on your entrepreneurship, set ethical gua...
Read more

Week 12

Image
Sarah Endline, founder of Sweetriot gave her advice as an entrepreneur: Take the time to do your due diligence, do your research, talk to others in the industry to get a good sense of whether it's the right opportunity for you. Most of the readings and videos this week, however, were based on our impact on society, the impact our businesses can have, and helping the poor. In the talk, "Are We Not All Beggars?" Elder Jeffrey R Holland implores us to help the needy, specifically by fasting and paying our tithes and fast offerings. "Cherish that sacred privilege at least monthly, and be as generous as circumstances permit in your fast offering and other humanitarian, educational, and missionary contributions. I promise that God will be generous to you, and those who find relief at your hand will call your name blessed forever. " Rich or poor, we are to do what we can when others are in need. Muhammad Yunus, founder of Grameen Bank, described his experience i...
Read more