Week 1 Journal Entry
| 1. Am I an entrepreneur? Anybody can be an entrepreneur, all they need is an idea. Every day, without knowing, an individual will go through situations where they wish they had something or had access to someone to help them out. Sometimes it will be there and sometimes it doesn’t even exist. I believe that I am a future entrepreneur because not only do I come up with random ideas but I progress to the next step and do research. Not all ideas will follow through but determination and consistency are key. 2. What is success? Completion, Progress, and Participation are the three ways I would measure success. Success through participation is when an individual doesn’t complete a task or even get to the next step but they are proud that they even came up with the idea or decided to act on it. Success through progress is when an individual feels accomplished when working on a project and not finishing but at least they learned and tried their hardest. Success through completion is when an individual has gone through all the steps and has a valid outcome. Each level of success can be viewed differently depending on the person, but we all know the level of success an entrepreneur should be at its completion. 3. Am I a self-starter? How well do I follow through on my ideas? I love to create new ideas and come up with new ways to make others’ lives easier, but I do have a tendency to give up if it is not seen the way I viewed it in the beginning. But I know if I had all the right resources, I would be able to follow through on any idea that comes to mind. Writing out business plans is good for the structure of the business, but without resources, it is hard to follow through but it is not impossible. When working on future business plans I will make sure to cover all building blocks so that I know what to expect and how to handle certain situations. So if there is a setback I will know how to combat it with a progressive solution. 4. How does ODU view entrepreneurship? ODU views entrepreneurship as an unorganized timeline. Once all of the information is in front of you, you have to connect the dots. Go through all four phases of building your business plan and make sure when executing everything is recorded and studied to ensure accurate results. There are many different routes to take when starting a business, it just depends on your purpose and goal. Having all components figured out before executing will not guarantee success but it is a solid stepping stone to stand on. 5. What is my role in this ecosystem? Unfortunately, I am still trying to decipher what my role would be in the ecosystem. But if I had to choose a couple right now I would gravitate towards lifestyle, small business, or social. I’m currently involved in a lot of different fields such as IT, Sports, and Arts. But I am also interested in venturing into other fields such as Health and Beauty or even Entertainment. Being one person with a lot of ideas and having friends with a lot of opinions can definitely put a hold on my progress and decision-making. So right now I am deciding to focus on what I am involved in right now and using my knowledge to excel with whatever I want to do. |