This week’s study was focused on buy
outs and family businesses. It contained a case study about a father-daughter
business that I found quite impressive. I love to hear stories about successful
entrepreneurs mainly because I still feel like I’m so far away from being one.
It fascinates me how they understand how to create a business out of nothing. I
wish it was something that came naturally to me, but it unfortunately isn’t. I
love studying it, but to actually create a business on my own is hard to
imagine.
There was also a case study on two
Harvard students that were researching the dry cleaning industry. It’s the
first case study that didn’t have me panicking because of the risks the people
were taking. These two students did an incredible job of research and due
diligence – and they did it for over a year and over quite a few areas in the
east. They researched both starting a business from the ground up and buying an
existing business. The thing I think I appreciated most about his study was the
thorough way in which they researched all aspects of the industry as well as
taking part in hands on experience.
Next Tuesday my $100 Challenge
assignment is due. Lately I’ve been so busy that things are getting done until
the last minute. It will be nice to have this assignment squared away and see
how well I did. I haven’t had a chance to calculate everything yet.
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