Week 3  BUS 110

Interesting things that I came across this week in my educational experience. For starters, we listened to Frank Levinson talk about his experience in business and the importance of surrounding yourself with good people. Frank said, “the world is not as clean as you think it is.” His expression of words meant that the people you surround yourself with may not have the intentions or desires that you possess and to be careful. In addition, keep a positive work environment and allow yourself to have family time.  Also, keep balance with work, family and church callings while striving to be a success.

Another great lesson to remember is to have some skin in the game. Jan Newman explained how this concept made the difference for him when he first started out. Having skin in the game or being all in means to put your own towards the business to keep it running and not rely on everyone else. This helps to ensure that one will do whatever is necessary to become a success and see every loose end tied.

In the case study about Magdalena, she desired to earn an education at an early age and come to America with her family. She applied to MIT and IIT and accepted the invitation to IIT graciously. However, within a year Magdalena left Chicago to continue her studies at Stanford where she earned her degree. She was an entrepreneur at heart and later discovered that burning passion inside and the excitement of closing the deal. One of the things that I admired about her was that she listened and offered advice.  When she asked questions, they were simple to understand and caused the individual to ponder deeply before answering.

I can see the importance of listening to those you interact with and asking probing questions into the daily dealings of business matters. Building rapport and maintaining the relationships you make is key for future endeavors and fulfilling life. I admire those who can maintain and keep the balance in all things.