Final Thoughts on the Entrepreneurial Journey

Any entrepreneurial journey should start with accessing a life plan with goals, intermediate goals and guardrails of ethics I will not cross. What would other career options be to help you reach your ultimate goal? Find mentors that you look up to and can help you reach your goals. Make sure to write a personal constitution of "I am" statements.

It would be important to be persistent in the pursuit of your goals. As President Faust put it we need to:
1. learn how to organize and use time wisely
2. The importance of hard work
3. Leadership skills
4. People skills
5. The value of Gospel Study
6. Respect for Authority
7. The importance of prayer
8. Humility and dependence on the Lord.

What are my passions, what do I care about. what are my gifts? Live like you matter. Live like others matter as well. Treat others with kindness. You reap what you sow. Be grateful for the people in your life. Write letters of gratitude to them to express your feelings.

Do not waste your life without setting and achieving goals. A true entrepreneur seeks growth or change and believes they have the ability to realize goals. Look inside yourself where to spend time, talents, and money. 

There are three areas of knowledge that are critical for starting a successful business:

 1 In-depth knowledge of the competitive structure of an industry and a network of contacts within that industry;

2 The skills to run the daily operations of a small, rapidly growing company; and

3 The ability to raise money.

Concerning family life and being an entrepreneur:

Don’t ever be too busy to not accept a calling. Take them as they come.

D&C 112 the Lord requires a willing heart and mind.

Your greatest legacy will be your family.

Small L leadership:

#1 lead by example

#2 lead with vision

#3 Lead with love

This was great advice from Jim Ritchie 

Financial Fitness: Secret to success Launching Leaders

1.     The 6 step success formula.

2.     A terrific marriage partner.

3.     Principles from the Richest man in Babylon.

Pay yourself first—invest a part of every paycheck into an investment account.

Part of what you earn is yours to keep. Never touch the principle.

Read the book: The Ministry of Business

Independence Account

Budget Account

Pay off credit cards monthly or do not use!

Non budget savings account—Christmas, birthdays, medical emergencies, vacations, and vehicles.

Wish list savings account—cruise, boat

Gold Account—investments, appreciating assets, business entities, stocks, bonds.

Learn these lessons so that we can take care of our families. 

Rules of Prosperity:

So if you want to prosper:

Rule 1. Seek the Lord and have hope in him
Rule 2. Keep the commandments, that includes the temporal ones, tithing and fast offerings.

 Rule 3. Think about money and plan how you can become self-reliant.

Rule 4. Take advantage of chances for learning so you will not be ignorant of these matters. Education, as President Hinckley has taught us, is the Key to Opportunity.

Rule 5. Learn the laws upon which the blessings of wealth are predicated.

Rule 6. Do not send away the naked, the hungry, the thirsty or the sick or those who are held captive.

It is important to remember that you are special! You have made covenants with God that will open the doors of heaven! Those doors can bless your life and the lives of so many people.