Wednesday, January 15, 2014
Entrepreneurship - Day 8
For class today Prof. Thompson discussed the start up costs of running a business. We did some research over what start up costs would be necessary for each of our individual business plans. One of the start up costs involves buying or renting the space needed so we put some thought into the location of our business and local buildings that could be leased. Following our break, the topic of human resource management was discussed. Prof. Thompson taught us about the types of leadership and the recruiting process of obtaining employees. We wrapped class up once again with a "Shark Tank" episode. The first presenters were a man and a woman who were offering a stake in a family fun clubbing experience. It seemed like a weird idea to hold a family gathering with little kids in a club. I didn't expect them to get an offer since their business plan, or lack there of, was confusing. The next guy had a wild presentation and was a really boisterous and crazy guy. I didn't think he would get funded either, but to most people's surprise Daymond made the deal.
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