Week 4 Assignment 2 Blog Post

Through necessary research this week, the knowledge I have gained about opening and owning my own business has been invaluable. Some things I learned are as follows: be genuine to people, relate to customers by established a relationship and or rapport with them and to save and spend money effectively.  By being genuine to your customers and potential customers, you will let them know that you will not try and over price the work you do and you will also build that customer and client trust/friendship. The integrity I have will only help to build my brand and possibly bring in more dedicated clients. Furthermore, by building a relationship to the customers will not only bring them back, but also attract other potential additional customers that share the same interest that would lead to expanding your business. By learning the importance of managing money and investing, you will have a greater control of the profit you earn.  On time bill payments are a plus in any business because if you start to be delinquent on your bills, it will be forwarded to the IRS which in turn would put your business in a negative situation. Financial stress resulting from poor money management can affect our capacity to make   good decisions, harm our business relationships, and affect physical and mental health. I learned that one major cause of poor money management is bankruptcy where a business owner has no other choice but to file for it to preserve what is left of his or her empire. Also, I did not find any difficulties and frustrations while trying to gather information on any articles.     

Week 3, Assignment 2

This week, I gained a deeper understanding about the research process and how to navigate through the system as well. Since I am just starting out with my college experience as a Business Administration major, I have learned a lot more about the ins and outs of owning your own business. The startup process of any business is crucial to your success and details must not be overlooked. If they are overlooked, business may become a liability rather than a asset. I learned new terms such as risk management, volume production and operational innovation which are common business terms. I had a bit of difficulty at first trying to find the downloadable pdf version of my source but once I actually reread the directions and slowed down, I figured it out. I also had to make sure I stayed as specific as possible since I already had a topic in mind. I also had to stay focused on my topic and not get swayed by other topics that popped up while searching for the perfect book/article source. A new search strategy I utilized was reading the index and the description of the book in order to see if the text was worthy to be considered. I also used the catalog that opens in an advanced search with several boxes that enabled me to specify type of search and to format it with Boolean operators. I have never heard of Boolean operators until now; I felt technologically out of touch!  I hope to keep developing a depth of knowledge on my research topic in order to apply to my own personal business endeavors I am planning on achieving in the near future. I hope to find tips, insight information and current business pointers that will not only enhance my knowledge but enhance my life.

Week 1 assignment 2

The major I have chosen was business administration with a focus on entrepreneurship. I have attended Brandman University since January of 2016. I am currently in the Air Force and my occupant is firefighting. I do not plan on continuing to be a firefighter though firefighting in the air force taught me how to time manage, be a better leader and pay attention to details.

The specific aspects of the career path I would like to research more about is how successful auto mechanic stay successful. I plan to open up an auto mechanic shop and pray fully be one of the most successful franchises there is.  Also one interesting knowledge practice I would like to implement that I read from the frame work for information is to deal with complex research by breaking complex questions into simple ones, limiting the scope of investigations I believe that would help me in the long run because asking and answering the right questions could lead to the most success in what you are trying to achieve.   

Week 2 blog post

The knowledge I gained from Assignment 1 has opened my eyes are different aspects of owning a business. There is a lot that goes into it and many things that need to be considered which includes marketing, advertising, risk management, money management and much more. These different factors can negatively affect your business if they are not attended to and considered when starting a business. Some new strategies I used to look up my sources was used Google Advanced search which I never knew about. Either I just completely ignored it or glanced over it while using the general search box on Google. Starting a business is pretty tough and I think that it could be done with paying very close attention to details and fine print. The details can be easily glanced over and the business owner will suffer later on from it every time. Business is more like a science because it has different experiments/frameworks that can be employed to reach the desired result.
I did not realize that owning a business was so complex! The very tedious nature makes me want to hire experts in their field to head different departments such as accounting, risk management and personnel. One business owner cannot continue to take care of all of these facets of business is he or she is looking to expand. This will be more of a pain than a pleasure. I believe a person should love their business because it is their passion and their purpose. My motivation for starting my own business is to basically create wealth on my own for my family to benefit from it generations later. The aspect of my topic I want to research further would be more in depth with money management and risk managements. I want to learn more about the areas that usually blindside business owners and put them in a corner. That would be a nightmare for me and I would hate to fail from something that could have been easily avoided with current knowledge on business intricacies.