Lesson 5

This week has been one hectic week, mostly I am stressed about another class that deals with statistics and then there is this class, which I love.  I despised the first couple years of school because I felt like they didn’t apply to real world situations and information that was pertinent to my degree.  But this class is perfect.  I the last couple weeks I have learned a great deal.  A lot of the case studies that I have read over have allowed me to tweak both my personal business plan and also my $100 Challenge business plan.  I never thought about putting in a section about competition and how I will keep my business in the forefront of my market and industry and take a part of the market share.  Because of this week’s case study of a business that wasn’t prepared to face competition, I now am.  For my $100 Challenge business now official called A Penned Thank You, if we are not generating enough income by half way through our time period; we will then introduce a buy two card get one free promotion.  Likewise in my personal business if I am not generating enough cash flow, I can think of solutions to overcome these obstacles.

                The $100 Challenge is going well. I have official created a business plan, financial plan and now I need to create my marketing/sales pitch, start networking on social media websites and then sell some product.  I am actually a little afraid that this business will be a complete flop.  I don’t know why, but I am.  I am relaying heavily on the scripture from Joshua 3:13 which states “And it shall come to pass, as soon as the soles of the feet of the priests that bear the ark of the Lord, the Lord of all the earth, shall rest in the waters of Jordan, that the waters of Jordan shall be cut off from the waters that come down from above; and they shall stand upon an heap.”  Basically, I just need to take the leap and trust the rest to Heavenly Father.