In my Small
Business Creation class, I had the opportunity this week to explore many
different entrepreneurial blogs and learn what advice and tools they had to
offer to help me on my entrepreneurial journey. Here is a list of my top three
favorites:
1.
Wise
Bread
2.
How
to Change the World – Guy Kawasaki
3.
Seth
Godin’s Blog
My favorite blog
was Wise Bread because its main
purpose is to help people make good financial decisions, cut costs, and budget.
Those are skills that are important to not just entrepreneurs, but to anybody
and everybody. The sooner I begin to budget and save, the better shape I will
be in to start my own business in the future. This blog will be a very useful
tool to have in my entrepreneurial toolbox this semester. As for the other two
blogs, Guy Kawasaki and Seth Godin are both very experienced entrepreneurs and
they give very sound advice. Both of them are also quite personable and funny
and so it makes learning from them more enjoyable. I invite readers of my blog
to visit these blogs and take advantage of the wisdom that they share.
To finish off
this week’s post I will introduce the $100.00 Challenge and give a quick update
of my progress on the project. The $100.00 Challenge is to run a business, that
I create, for 4 weeks, accumulate 20 man-hours, use no more than $20 in
capital, and raise at least $100.00 in profits. At the end of the challenge I
must donate 100% of my profits to an organization called Kiva (visit kiva.org
to learn more). I must admit that I am quite intimidated by this challenge but
I am confident that it will be a great learning experience. So far in the
project I have found the person on Kiva to whom I would like to donate my
profits to (it is a young woman in El Salvador wanting to start her own bakery
business). Also I have come up with pain points (needs in society) that I could
solve with a business idea. My goal for next week is to have a business idea
nailed down for the $100.00 challenge.
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