December 3, 2016
This week, we finished up the book A Field Guide For The Hero's Journey; great read by the way. Writing a book report on it, I had a realization that the main reason that people don't start their own business, is because of their fear of failure. The thing is thought, that most people fail, failure is a part of life. It is school that teaches us to be afraid of failure when all failure is, is a way something doesn't work. If you view it that way, the Thomas Edison way, I should call it, then you will never be afraid to do something. If somebody told you that if you started a business, that you are going to fail many times, you are a lot less likely to do it than if the person said, you will find a lot of ways it won't work. The problem with people is that we associate failure with negative when it is actually one of the most useful things. When a baby learns to walk, they don't "fail" a bunch of time per se, they just found a ton of ways it doesn't work, but it doesn't stop them from trying over and over again. So pretty much the realization I had this week, was failure happens, get over it.
Another thing we did this week was read "What's a Business For?" With this we got some questions. One of which was "Why are virtues and Integrity so vital to an economy. The main reason I found was that in 2001, the top 100 NASDAQ companies overstated their audited profits by S100 billion, making them look better than they actually were. The second question, "what is the 'real justification' for the existence of businesses?" The reason is for business to make a profit so they can do something better with themselves. I feel that is similar to a single person. If they are making one million dollars a year, that would be great, but if they invested it, they could make a lot more. Same with a company, if they invest their profit into making their stuff better, more people would buy making them more money.
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