Family Business

I again enjoyed the readings this week.  The case studies were thought provoking and it’s nice to have the opportunity to visit these decisions in theory instead of waiting to come across them in real life.  I found the idea of family business intriguing and wished there had been a case about a husband and wife business.  This is the plan I have is to open a business with my husband and I would have liked to visit the possible pitfalls with this type of family business.

I also enjoyed imagining I had a large amount of money to invest in a business. I realized something I probably already knew about myself.  I am not very good at taking risks.  Even while fully knowing I was imagining I had this money I was still unable to fully take a risk and jump into a large business.  I was gravitating towards small, side businesses.  This tells me I have not fully committed to the idea of being an entrepreneur which is helpful information for me to ponder.

$100 challenge

I did not have much activity for my business this week.  I posted that I was baking but did not get any orders.  I had a few people ask me if I was planning to bake for Christmas but we are taking a trip.  I think I could have sold some holiday items otherwise.  Overall I am still very pleased with the outcome of my business.

I have sold $228 worth of product with a cost of $81.25 for a profit of $146.75.