Monday, January 6th

Today in class we learned about the characteristics of entrepreneurs. They have to be able to see opportunities and be willing to take risks in order to be successful. Also I learned that money is not the only motivation for people trying to start a business. Most entrepreneurs have the goal of seeing their business idea becoming successful, and that is one of the biggest motivators for them. 

From what we learned in class today I found out what it takes to be a successful entrepreneur.  In order to be successful you always have to be looking for business opportunities. Which requires you to be knowledgable about different markets and the changing economy. I feel like I have some of the traits of an entrepreneur. I am never content and I'm usually thinking of different ways something could work better or be more efficient. Nevertheless, I feel that being knowledgable in what's going on in the buissness world locally and around the world is one of the most important traits in being successful. 

Also in class today we watched an episode of Shark Tank. I had never watched this show before but I did find it pretty interesting. The first pitch was a mango preservative that apparently was very tasty. None of the sharks invested in this idea for numerous reasons. I, personally, would not invest in this product because I am not knowledgable about the market for mangos. The next pitch was a phone app that found your blood alcohol level by blowing in it. All of the sharks invested in this idea. This is something I am a little for familiar with and I would feel comfortable investing in this idea. I found it to be fairly simple but a very useful technology.