Saturday, September 24, 2016

Week 1- Small Business Creation

This week makes me worried about my own grade being affected by the inaction of others. This is part of life but I don’t have to like it. I almost didn’t get 6 replies because a lot of the group didn’t post or didn’t post on time. I think timing in business is everything. Is it okay to walk into the business meeting late? Is it okay to submit your business proposal after the decisions have already been made? I think not.

I liked several of the blogs we looked at this week. Of the ones I looked at Wisebread remained my favorite. As much as I disliked Harvard Business Review many others in my group listed it as their favorite. I don’t really agree with them but that’s okay. It was interesting to me how many liked the same ones. If we could read posts before we submitted our first post I would have said they were cheating. Makes me wonder if we just happened to like the same ones or if the others were that bad.
I was impressed with Corey Bell because most people beginning at 8 years old would just take their circumstances as normal. They wouldn’t have fought out of it.

$100 Challenge Update

I think I’m going to sew Bag Bags which are fabric tubes with elastic on each end that you put your plastic grocery bags in to keep them neat, clean and out of the way. I am going to make a few Potato Bags which are fabric bags you can cook baked potatoes in the microwave. My third item is crocheted towel hangers. I will crochet a hanger (not clothes hanger) onto half of a towel. I bought 6 towels today which will make 12 finished products. I bought them today because I thought they were $1.94 each and put one in my cart just to get started. I got to the checkout and they were actually $0.88 each. I decided that it was worth the investment to go back and get more while they were that much money. It will save $0.53 of overhead per item. Multiply that by 12 items and I will have an extra $6.36 of profit. 

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