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Yes. I want to Be an Entrepreneur!

 

This week is exciting to me. I had to answer 3 questions.

Question 1: What are the three most important concepts you learned from this week's study materials?

I learned about the three areas of knowledge the entrepreneur must have: 

1. In-depth knowledge of industry: present and past history of the industry such as customers, suppliers, competitors, barriers, cost, market trends...

2. Skills to manage daily operation: operation, processes, HR, admin, accounting

3. Ability to raise the capital: Be exposed to people and build reputation.

 

To have the in-depth knowledge of industry, I have to learn from people or institutions who have such knowledge such as investors, banks, insurance, consulting companies, ...

It is also important for entrepreneur to have skills for daily operation by working from real jobs.

 

Question 2: Why are the three concepts you just described important to you?

These concepts are important to me, because they are the means for me to collect all tools and to lead me toward my entrepreneurial calling. 

These concepts are like road maps that will lead me to get information and be exposed to people who will be my investors, suppliers, employees or at least people who can give me leads. 

With these tools, I can craft my strategies to benefit from opportunities.

 

Question 3: How can you apply what you studied this week to your personal or professional life?

To apply this new knowledge, I have taken notes and printed them out and use them as my checklists so that I can check and see more clearly about opportunities that I might miss with normal non-entrepreneurial eyes. I will use these checklists and practice with my workplace so that I can gain more knowledge on the three areas, and I will learn how craft my strategies. I believe that If I practice lesson, I will have better eyes, ears and mindsets. On top of this, I must continue to keep my steppingstones and start in my mind. I have drawn and added more elements to this picture so that it is personalized just for me.

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