Nicolette's Blog

1.      Identify the exit strategy you plan to make. Do you intend to sell your business in the next 5 years for a large return? Do you intend to stay with the business for several decades and retire? Do you intend to protect the venture as a family business, and pass it down to your children? I would not sell my business in the next five years for a large return. I would rather try to allow the business to mature and grow in order for it to last for a long time. I do not think that business is 100% about profit, but also having a meaningful cause behind it. Ideally, when I retire, I would like to protect the business as something that would be a family business, passed down through generations. 2.      Why have you selected this particular exit strategy? I have selected this particular exit strategy because making a business a family matter allows the business to develop and maintain stability, commitment, accountability, ...

1.      What was the general theme or argument of the book? I read Thinking, Fast and Slow by Daniel Kahneman. The theme of the book covered two types of systems that control the brain – System I and System II.   System I is fast and automatic, resulting in irrational or illogical thinking. System II, on the other hand, is slow and rational thinking, which sources from careful analyzation.   There are benefits to both systems; however, there are also downsides to both. 2.      How did the book, in your opinion, connect with and enhance what you are learning in ENT 3003? The book has enhanced with what I am learning in ENT 3003 because I have had to analyze and think rationally through the assignments that I have done. The assignments, including the napkin idea, human capital, elevator pitches, and the networking activity, all have coincided into my one business opportunity. Through these assignments, I have had to thi...

            While failure can be extremely difficult to handle, it is a blessing in disguise. Everybody fails a few to many times in their life; however, all people should take them as learning experiences in order to grow from them and to improve for the future. I have “failed” this past semester by doing poorly on my first financial accounting exam. I psyched myself out by overworking and stressing myself out too much. Every time I would not be studying, I would feel guilty and study in the library until one in the morning and continue, even when I could not see straight. After doing poorly on this first exam, I realized that I needed to change my studying skills for the class. I approached the second exam in a new light by still studying very hard, while also getting the rest I needed. As a result, I got an A on the second exam. I believe that rest and not frying my brain was the main key to improving my study. Witho...