Intro to Entrepreneurship Week 12

This week has been kind of a blur. It is Spring Break for my kids and I do not think I have had an hour's work without an interruption. This week's videos were pretty good. I loved the one on consecration. I think I am going to watch it again tomorrow. I had another classmate tell me that if she got nothing else out of this class that that video was worth it. The article about microlending was fascinating. Just $27 dollars helped 42 people. Even I could do that. I was amazed at the repay rate. The rate of loans that were paid back was 97% which tells me these people really appreciated what he did for them and were grateful for the opportunity to better themselves. How many of them turned around and helped someone else? I am sure a lot. 

In discussing Hardy's article it made me realize that integrity and virtue seem to be old-fashioned values but the business world and world in general need them now more than ever. How does a business have a "mistake" in estimating profits by $100,000,000,000? That is 100 billion dollars! This takes away the trust and foundation of businesses. It feels like we need a police force just for businesses to make sure their records are true and that are dealing fairly with each other. 

People used to have a business to make money. That too is an old-fashioned concept. Businesses want to do more and be more. Money is not enough anymore. Being and doing more is now the real reason to have a business. I hope I do not get so far into the business world that I forget about people. Maybe humans is a better word. That is what this life is about. It is not about being the biggest and best company. 

Handy said, "More honesty and reality in the reporting of results would help, for a start." I wholeheartedly agree with this statement. Even with audits and multilevel accountability, the numbers that companies report just are not honest anymore. I think if I had a solution for this problem that I would be one of the top paying people like I'm talking about but I'd hope I would keep my integrity and virtue.