This week for the $100.00 challenge, I was able to continue working with my business by continuing to advertise and by servicing clients. I have most recently been focusing my advertising efforts on friends and family members who live nearby, and it has brought me some success. I really enjoyed this week’s discussion board assignments because I feel like they taught me a lot about what it takes to buy a business and how to successfully run a family-owned business. Those are two things that I had not before learned much about, so I was excited to complete the assignments this week so that I could learn more. I did not realize before this week how many decisions must be made before making the final decision of what business to purchase. I did not know that there were so many different financial aspects of buying a franchise and how crucial it is to make sure that your finances are in order before making such a purchase. I also especially appreciated the chance to learn about another entrepreneur this week, Eric Slaubaugh. I thought that his story did a lot to reiterate what we had learned this week because he was an entrepreneur who ran a family-owned business.
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