Week 8 Journal Entry

Weekly Readings 

Start up Nation #8

-In a small business, one individual does make a difference.
-The single most important factor in success of a company is people
-Even when you are not in a hiring mode, you should be on the lookout for people to hire.
-Internet job boards are a good way to find people to hire.
-If you are a sole proprietor it is essential that you recruit a mentor to give advice, offer moral support, and break up the routine.

Good to Great

-Good to great findings apply to you and me.
-The right people are self motivated.
-Big change does not require extremities.
-The CEOs who took their companies from good to great were largely anonymous.
-Stock options are not incentives that grease the wheels of change.

Hire Slow, Fire Fast
-Build loyalty
-Have a contract with your employees
-Create a culture of delight
- Don't be a jerk.  Act, don't' react,
-PMA Positive Mental Attitude.








$500 Dollar reflections
- I personally finalized a big sale bringing in $80 in revenue.
-Have contacted some local businesses who are willing to buy from us
- We have all agreed as a team that we have been learning a lot from this project
- Have consistently met at least twice a week throughout the project.
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Personal Reflections 
- Contracts with your employees are essential to running a fair business.  For your benefit and that of the employees.
- Providing a work atmosphere of enthusiasm and positive attitudes will separate your business from the good to the great.
-Network, network, network!!! We've had some great mentors come in and give lectures during the course.  Take the time to meet these people and let them know about you and build your network. 
- You must market yourself as best you can!!  This will land you in the field and with the job you want. 



 

E Myth Notes

-Your "Strategic Objective" is what you want to do with the business in order to fulfill your "Primary Aim" in life.

-You must speak to people's unconscious minds - all the rational arguments in the world won't win over someone whose unconscious mind has already said 'no'.

-The author explains that in order to make your business work, you must have a "Primary Aim" in life - not business, but your life.  Without that, your business may come to consume you.

-If the business is to thrive, it must move beyond the founder