Saturday, January 25, 2014

Speaker Day 1/23 (Erik)

It was a fascinating experience listening to the guest speaker today.  Judging by his presentation, it seemed that he has been an entrepreneur for most of his life and has been through many ups and downs in the process.  I learned that being an entrepreneur could mean a lot more than just starting your own business.  At one point, he talked about writing books and selling them.  This doesn’t look like a typical company, but it is essentially one in nature.  It was a business where he monitored which books sold and he made business decisions to try to promote further sales, such as by making a particular book “permanently free” for a temporary time.  I was moved by this idea and as it was essentially monetizing what may as well be a hobby and turning it into a business; I felt that I wanted to partake in doing so with my interests as well.

There was one particular statement the speaker made that made me feel uncertain.  He talked about starting a business with his wife called Side By Side, where the couple literally works side-by-side.  He mentioned that in doing so, the business worked well because it was easy to communicate as husband and wife.  However, I felt it would be exactly the opposite: by co-owning a business with one’s partner, one may delve into complicated business arguments which may impact the marriage, and would therefore harm the business.  The way I see it, his wife must assume the role of a business partner in the company, or the business might falter.  Other than that, I enjoyed the story of starting and growing a small business and would like to learn more about how the process works. 

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