I have learned a great deal about franchising this week. Before this class, I had never considered the possibility of running a franchise, and it seemed to be something that always required a great deal of money. While many of these opportunities do require capital it is actually a less risky way to go into business and to manage a company when someone doesn't have the desire to start their own company. The Icedelights case study was very interesting and it made me see the pros and cons of working with others when starting a business. I have really come to understand the importance of considering all of the aspects of running a business when reviewing a franchising deal in order to decide if it is a good one or not.
I was also very inspired by the reading on Steve Jobs. He is a great example of what a true entrepreneur does to succeed. When he started he had no idea how far he would go or how successful he would be, but he had a desire to change the world. I think that is something we all need more of. In some ways, it is like the saying to "Shoot for the moon, because even if you miss you'll still land among the stars." We can't make a difference if we aren't trying to.
$100 Challenge - Things continue to roll along slowly, but surely with my business. With the holidays I have had fewer orders, but that was to be expected. I am excited to have another week to try and accomplish the goal of reaching a $100 profit with my business.
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