JOURNAL 07

The summary of the main activities of week 07 teaches about the Lean Startups which in essence is to provide a scientific approach in creating and managing startups and get the desired product to customers' hands faster. It is a method that teaches entrepreneurs how to drive a startup-how to steer, when to turn, and when to persevere-and grow a business with maximum acceleration. It helps avoid major startup founder mistakes. The business model canvasses describe, design, challenge, and pivot a business model. In essence it is a visual chart which consists of elements describing a firm's or product's value proposition, infrastructure, customers, and finances.

My response to a specific reading, video, or activity in this week’s content is Lluis’s presentation on 5 keys to success for social entrepreneurs, an interesting point of view. The import of the whole lecture was that, what every investor is looking for are potentially successful social entrepreneurs. They know the real value of an idea, They hate- They are really pissed off about social problems, They shout their existence to the world, They are paranoid and They look at both the social impact and the money.

Sharpening business skills is a powerful way to accelerate learning and boost leadership skills and this could help or influence others. The potential benefits are many; it may help one focus and gain clarity on issues, they can therefore inspire others and provide encouragement and moral support when needed as well as help others discover their hidden strengths. The most important skill is leadership skill.