Week 13 reading reflection

The most interesting and surprising thing to me by far was the Integration of Entrepreneurial and Strategic Actions.  This chart shows how entrepreneurial actions match up with strategic actions and how they overlap to create wealth.  

The most confusing part of the reading was the tolerance of failure. I was confused as to what this had to do with the rest of the section.

The first question I have for the author would be what the other points on the integration chart would be outside of where they over lap.

My second for the author would for him to describe the tolerance of failure in greater detail.

I do not disagree with anything the author said.

Celebrating Failure

This semester, I failed at passing financial accounting.  I had to drop this class which was pretty disappointing because I thought I was doing well in it and understood everything.  What I have learned for the future is that I actually need to attend or watch lectures for this class to pass it.  This is something that I have never attempted for a class here, and until now I have been able to maintain A's and B's without every having to attend lectures.  I realize now that from now on I need to actually go to class for the harder classes for my major, and I will no longer live the life of a bum and will become a productive hard working individual.

My Exit Strategy

For my exit strategy, I plan to sell my business within the first few years after it taking off.  I would like to sell it to either a larger company or sell it to the university, so that they would make more profit off of it and be able to manage it on campus better.

I have selected this exit strategy because I believe this business is the type that has the potential to plateau in popularity.

My exit strategy did not really effect my concept or growth in my opportunity.  However, before I sell the business I would like to have to expanded to more products.