The content for this week's entrepreneurial class is all about overcoming challenges is business. I think for most of us in this class, our biggest challenge is to find the courage to start. I watched a youtube clip this week from one of my favorite youtube channels called The Bucket List Family. This is a family from Provo who travels the world and documents their journey. This is all I had known of them. I had no idea the journey or the reasons behind this decision. I figured they were a beautiful family that could pull off the trend of youtube stardom but I learned more of their story this week. The dad of this family just spoke at BYU about his entrepreneurial journey and it was fascinating. He talks about his start up company he created in his small provo apartment and his journey from selling that to creating this youtube channel. I was so impressed with his confidence and willingness to move forward with what in his heart felt right. Here is the link https://www.youtube.com/watch?v=n9hoQsfL8qo I think you should watch it!! After watching that along with what I studied this week, I am feeling more confident. I can not doubt myself. I can not quit. I can think outside the box. I can do this!
Virtue and integrity are vital to an economy because the laws that the markets are governed by depend on these virtues. If they do not stay intact, then the entire structure of the market will become so unreliable that no one will trust the system. If this happens the markets will empty. We are getting dangerously close to this scenario. The main reason for our increasing distrust is because business leaders are putting enormous amounts of priority into the shareholder value. Playing the game with these new rules motivates companies to make decisions that center around a company's share price. These decisions could increase profits like cutting expenditures, but at what price!? We are seeing that businesses are putting more value in taking care of itself before caring for others. Now is where virtue and integrity need to insert themselves onto the scene if we want to prevent a deteriorating market. We are seeing a surge in this somewhat within the last ...
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