Week 2

I really liked the last link on this week 2 assignment. This was it:  https://www.entrepreneur.com/article/30846

The main things it taught were:

1- Find your niche

2-Follow your heart

3-Build a financial model

All of these things are important when you are an entrepreneur. I feel like if you have a desire to start your own business you already see things differently, you are a niche kind of person, you follow your heart, and then you just have to get a financial model going for stability.

Another thing I learned is there is tons of different business models. There is brokerage, advertising, infomediary, merchant, manufacturer, affiliate, community, subscription, and utility. This is a good link to the description and models:

http://digitalenterprise.org/models/models.html

Some things I personally learned this week is that to be an entrepreneur takes a lot of work. Business does not end when you leave. You don’t make money when you stop working. You have to always be working or trying to recreate the wheel and improve income flow.

Also in the discussions, I saw that presentation is everything. The most persuasive people, even with different views, presented their facts in an organized, easy to read manner. This is one area I need to work on.

I also really liked Becca Bledsoe’s definition of online business: Internet business entails creating/keeping up a website, search engine optimization, internet marketing, and advertising.