failures

This week I learned a lot about failure.  I learned that failure is an unavoidable step in success.  Those who desire success find a way around their obstacles and their own personal shortcomings.  I have definitely made some personal mistakes, and after some serious contemplation I have identified a few things that I can learn from those setbacks and some things that I can try to do differently.

L12

This week I learned about how complicated and difficult family business creation can be.  There is a lot more to consider than simply business, after developing a close personal relationship a business relationship can be difficult.  I have considered going into business with my father many times and I always chose not to disrupt our personal relationship.
This week I also learned that creating and seriously contemplating a business plan is crucial to a successful business plan.  Going out half cocked is not the best way to expect success.  Trying to anticipate the possible pitfalls and set backs will help you prepare for mistakes and create a plan to make adjustments as needed.

L11

This week I learned that franchising is probably not for me.  I do not want to be limited to what someone else tells me.  I want to find ways that work best for me, and I want to achieve my own successes.  There is a possibility that I would own a franchise that would not require me to run it each and every day; but I am not in the position for that kind of risk.