A Journey of Gratitude (Week 13)
This week I enjoyed thinking about gratitude and reading President Monson's thoughts on it. The prophets I have grown up with all seem to be so grateful and it is truly an invigorating trait. I especially identified with his quote: "Like the leprosy of yesteryear are the plagues of today. They linger; they debilitate; they destroy. They are to be found everywhere. Their pervasiveness knows no boundaries. We know them as selfishness, greed, indulgence, cruelty, and crime, to identify but a few. Surfeited with their poison, we tend to criticize, to complain, to blame, and slowly but surely, to abandon the positives and adopt the negatives of life." It's so easy to get caught up in the only thinking about myself. This is a good reminder that it just doesn't lead to anything good.
Things I want to remember from "Identifying and Exploiting the Right Entrepreneurial Opportunity...for You"
-Entrepreneurship is a pursuit of opportunities and is an ongoing process
-Idea -> Possibility -> Opportunity
-"The key is to not blind oneself to new possibilities by defining the opportunity too narrowly or being too single-minded."
-Develop success and then form goals, objectives, and strategies around them
-Choose an area where you have a competitive advantage
-Business Analysis=realness of opportunity, the durability of opportunity, marshaling the resources, managing the venture, harvesting the venture.
-How to address durability threats: "Pay attention to stakeholders, Build entry barriers, develop distinctive competencies, continually scan the horizon for changes, and be quick to address both threats and opportunities."
-Your business needs a culture you like and attracts people you want.
-Remember and reference the business analysis template
Things I want to remember from "Recognizing and Shaping Opportunities"
-Glean vital information from networks of relationships
-Take your children on work trips with you and involve them with the business
-Entrepreneurs benefited from experience and networks
-Narrow your focus to find a market entry point that can be tested, refines, and then used as a platform to develop business.
- "Be Narrow: Focus on the smallest possible problem you could solve that would potentially be useful."
-Entrepreneurs look for ideas "at the intersection of markets, industries, and emerging technologies."
-You "must listen to customers but sometimes need to educate the marketplace about new approaches."
Things I want to remember from "Identifying and Exploiting the Right Entrepreneurial Opportunity...for You"
-Entrepreneurship is a pursuit of opportunities and is an ongoing process
-Idea -> Possibility -> Opportunity
-"The key is to not blind oneself to new possibilities by defining the opportunity too narrowly or being too single-minded."
-Develop success and then form goals, objectives, and strategies around them
-Choose an area where you have a competitive advantage
-Business Analysis=realness of opportunity, the durability of opportunity, marshaling the resources, managing the venture, harvesting the venture.
-How to address durability threats: "Pay attention to stakeholders, Build entry barriers, develop distinctive competencies, continually scan the horizon for changes, and be quick to address both threats and opportunities."
-Your business needs a culture you like and attracts people you want.
-Remember and reference the business analysis template
Things I want to remember from "Recognizing and Shaping Opportunities"
-Glean vital information from networks of relationships
-Take your children on work trips with you and involve them with the business
-Entrepreneurs benefited from experience and networks
-Narrow your focus to find a market entry point that can be tested, refines, and then used as a platform to develop business.
- "Be Narrow: Focus on the smallest possible problem you could solve that would potentially be useful."
-Entrepreneurs look for ideas "at the intersection of markets, industries, and emerging technologies."
-You "must listen to customers but sometimes need to educate the marketplace about new approaches."
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