Wednesday, June 20, 2018

Entrepreneur Journal Entry 9: Not Necessarily Warm and Fuzzy

This week in class, we first went over loyalty: what it is, what it's more valuable than, and if we would compromise or sacrifice it for another quality or even money. That was an interesting few minutes of class.

We also went over the case study of Erica Mills and her Warm Fuzz Cards business. The business was a neat idea and she had the potential to make it pretty lucrative. We went over some of the options presented to Mills in this fictional scenario: Does she want to try growing her business quickly or slowly? If quickly, which area of growth should she focus on?

The group I was in agreed on growing slowly. Mills wanted to have a baby within the next year or so, and fast growth wouldn't allow her time with her new addition to the family. Family should always come first, and motherhood is the most noble of professions (at least I think so). Not to mention that she has a husband who is supportive both emotionally and financially. His job seems stable and earns enough; Mills isn't solely depending on her own income for sustaining herself, and growing her business faster has much more risk to it.

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