Entry #3

This week for the $100.00 challenge, I was able to solidify my decision for what business I would be doing. I was also able to complete a business plan for my business. Learning how to create a business plan and actually doing it has taught me a great deal about everything that actually goes into creating a successful business. Something that particularly stood out to me as I read the chapters from the “E-Myth” book this week was  the importance of learning to delegate successfully. In the book, the author was telling Sarah that she needed to hire people to do much of the work for her so that she could focus more of her attention on fewer things at a time. He then made a point to explain to her that most likely she would find that she was not entirely pleased with the work of her new employees because it would not be exactly how she would have done it. Ultimately, though, she had to learn to properly teach her employees and correct them as needed, but to eventually let go of the reins. This would be a somewhat difficult thing to do for people who have given everything they have to their business because it would mean handing the control over to someone else or to many other people. However, I can definitely see how important it would be to do that in order to keep the business thriving.