Week 2

This week we read and learned about different business models, as well as brainstorming some ideas for our project and future business.  The readings and videos this week were interesting and full of good and simple advice.  One thing that caught my attention was the “rule of three” when starting a business.  It will always take three times as long and cost three times as much.  Something to definitely remember in the future to be able to plan for.  Also, another point learned this week was “creative abrasion” and why it is good.  When creating or brainstorming for a new idea, it is important to have intellectual diversity on the team.  I find this similar to the BYUI Learning Model of teaching each other.  When there is diversity, the idea is thought from various angles (as when students teach each other), therefore allowing for a more innovative and creative approach.  There will come times when that will create friction or “abrasion” in the team, but that can again help solve problems and come up with the best solution.

To sum up, the following said by President Hinckley, while it could apply to many aspects in life can also apply well when starting up a business, “Now, be faithful, be true, go forward, be ambitious. Don't short-circuit yourself. Don't stop now. Keep growing. Keep going. Educate your minds and your spirits and never lose sight of the fact that you are a child of God with a divine destiny and capability of doing great and good and wonderful things. Don't sell yourselves short. Don't cheapen yourselves. You know who you are. Each of you knows that you are a child of God and that your Heavenly Father expects something great and noble and good of you.”