Week 4

This week has been a good week. I think I am actually starting to come up with a schedule for all my class work to make things run smoothly. The schedule isn’t perfect, but I’m not rushing to get things done before the due date! I think I learned a lot this week in terms of business plans. The business plans that I wrote aren’t perfect, and likely need some adjusting, but I am learning. I have been reading the book we are required to read, and I am finding that quite interesting. I am even enjoying the book, it is making sense to me and I have found that the first 6 chapters have kept my attention really well. The most interesting thing that I learned was that the entrepreneur, manager, and technician cannot be the same person. There needs to be different, trusted individuals in these positions that the entrepreneur chooses. Before this class, I would’ve thought that those three things were the same.

I did a business plan for my bath bomb business. I hope I did it right. I came up with some pricing and am exploring how I should advertise. My best bet is by getting on my own personal social media page and telling my friends about it. I’m exploring the possibility of shipping my product to friends that don’t live in my local area. I have been looking at the ingredients and molds that I will have to get to make my product. Amazon has some good prices and I will probably use them to get those ingredients. I am excited to get going to see if I can get the $100 dollars for this challenge to donate to Kiva. I have also been considering who I could ask as an investor in this small business venture. I have talked to a lot of my friends and family about the challenge, I just need to see who is willing now.

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