Week 10: Entrepreneur Journal

This week I learned about balancing my life among all the different things I may be involved with.  Balance is essential for true happiness.  The Acton Guide on Life, Liberty, and the Pursuit of Happiness shared some shared some simple, yet critical, truths concerning happiness.  One of the most widely believed myths is that future changes will make you happier.  People believe that they will be happy if they have more money, a bigger house, lose more weight, drive a nicer car, get another promotion, etc., but the reality is that if you are not happy now, you probably won’t be happy in the future.  The guide showed research evidence and graphs that show this fact.  It helps me to remember that happiness is an attitude – a state of mind.  We are the ones who decide our level of happiness, not our achievements, possessions, etc.  We must learn to be happy in the present and with the lives we have and stop chasing after future happiness.

We must prioritize the things that are most important to us in our lives because, eventually, we will need to decide between one thing and another (and sometimes more).  If we decide now what is most important to us, those decisions won’t be as difficult when we are faced with them.  If I decide that being there for my family is the most important thing to me, then I will do everything I can to do that – even if it means making sacrifices or turning down opportunities at work or school.

Week 6 - Entrepreneur Journal

Lessons Learned:

What is a business for?

This week’s readings and videos helped me to gain a better perspective on businesses and their purposes – or what should be their purposes.  It seems that today, so many businesses are simply concerned with the bottom line rather than what is best for the long-term success and growth of their company.  If you want to leave a true legacy, look beyond yourself, don’t worry about what investors or shareholders might think, and do what is best for the company as a whole.

We must always maintain integrity and be true to ourselves and others.  Honesty is vital for a company’s success.  While a company may feel like they can get away with some discrepancies or dishonesties, those things will always catch up with them in one way or another.  Virtue and integrity are vital for a company as well as for individuals.  Those qualities build trust.  If others do not trust you or your company, you or your company will suffer.  If we strive to  increase our virtue and integrity, people will trust us and our businesses will blossom.  Rationalization has plagued the society as business leaders fudge numbers and do what looks best at that moment.

I also learned more about the purpose of profits.  Profits should be used to do something more or better – not just to accumulate wealth and status.  We should make profits so they can become something greater!  Learning about this perspective has helped me to see the importance of using our resources to improve the world around us.

Week 5 - Entrepreneur Journal

Lessons Learned:

There were a couple of things that stood out to me this week.  First is the importance of maintaining an eternal perspective, especially concerning wealth.  God does not care how much money I earn or what I buy with that money.  Wealth is an opportunity to help and serve others.  I want to apply this principle of generosity in all aspects of my life – everything I have is a blessing from God and I should share my blessings with others.  This not only includes money, but also time, talents, and other resources.  I want to have a more giving heart and to reach out and serve those around me -  and wealth is not a requirement of doing so.

I also want to develop self-mastery in my life.  I was impressed by the examples given in Elder Tanner’s talk “Success is Gauged by Self-Mastery.”  I know that living a self-disciplined life with commitment to goals and improvement will lead to self-mastery.  I read the book “Mastery,” by George Leonard, and we can develop mastery in all facets of our lives - including daily chores and routines.  We must live each day to the fullest and use every opportunity we can to constantly improve ourselves.  If we become complacent or stop striving to improve, we end up taking steps backwards.

I am a firm believer of setting goals and developing self-discipline to achieve them.  We need to act now to achieve our goals and become the people we hope to be.  Elder Tanner said, “If you want to be successful or outstanding in any field of endeavor, it is important that you determine while young to be a great boy, and not wait to be a man to be a great man; and then have the courage and strength and determination to discipline yourself, apply self-control and self-mastery.”  As we make decisions and commit ourselves to our goals, we can achieve so much and become inspirational people who can influence the world for good.  There is one thing that one of my former bishops shared with my ward a few years ago.  It has always stuck with me and I still apply what he shared into my life on a regular bases.  It is something that I think can help us apply the principles of self-mastery and know how we can continually improve our lives.  He told us to:

1. Write down something you should start doing
2. Write down something you should keep doing
3. Write down something you should stop doing

And he said to do this on a regular basis and to evaluate how you are doing.  Ideally, I would love to do this exercise every week, but I think I do this every month.  It is so interesting to see how things build on each other.  Doing this helps me to identify little things that I should or shouldn’t be doing and motivates me to set goals to do so.  It helps me to waste less time on Facebook, to remember to pray and ready my scriptures, and helps me to use my time more wisely.