Friday, October 16, 2015

B283 Week 4 Entrepreneur Journal


 
 An Updated Picture of the Huff Family


Entrepreneur Journal
Journal
In a business class last semester we participated in a business simulation, Capsim. I really enjoyed it and our team won the competition round. One of the things the instructor kept reminding us was that in business (and especially this simulation), debt was good. We were actually deducted points if or debt to equity ratios were too low. He even mentioned that it goes against everything we’ve learned in the gospel about debt. But, in business, there is a proper role for it.
Testimony of tithing. I really appreciated the gospel perspective to funding and business as presented in the variety of material in this week’s lesson. I really liked the little nuance in Elder Faust’s story about his grandfather paying his tithing of hay during the Great Depression. I don’t know if very many people caught that Elder Faust mentioned that the taxes were delinquent on the farm. At least his grandfather had his priorities straight, first the Lord, then his family, then the money grubbing government. I especially have felt the sentiments of on of his congregation when Elder Faust was a bishop who said, “Bishop, this is a full tithe and a little bit more, because that’s the way we have been blessed.” I have an unshakeable testimony of the blessings of tithing because I have seen the Lord bless and keep our family in our home and provide for our needs in good times and in bad. I know this is a blessing of provident living and living the law of the tithe.
 “$100 Challenge” Progress
This week I completed and submitted my funding summary plan for the $100 challenge. While putting together the one page business plan last week and thinking about the goal for my salespeople, I realized that I might run out of water bottles with just the two cases I had already bought. So, on Wed. I picked up two more cases from Costco. It wouldn’t do to give them a goal they could not achieve because they didn’t have enough product!

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