Celebrating Failure

One of the things that has always gotten to me is my lack of appropriate work ethic. I have been trying to recently change that and actually do my assignments in an early fashion so as to not be rushing at an incoming deadline in a last minute kind of way. However, I have seen little progress in that situation and I find it frustrating how I often can be so decided on doing work but most of the time simply lack the motivation to get started. I have failed at this change in midst a number of times this semester and to be honest, if I learned anything at all it is that I am not good at this change in lifestyle kind of thing, maybe its just not for me. I will keep trying nevertheless because I think that if I ever do achieve this change it will be beneficial for me in the end. The way I handled this repeated failures is by simply trying again, there are still assignments to do and even though I have started doing some things in advance, the harder stuff I usually leave for last, I still do not know why. This class changed my failure perception by helping me better analyze which risks I take and why, because it is senseless to take risks just for the sake of it, but rather if you truly believe something will come out of it and are willing to work for it then it is perfectly fine to take risks.

Week 13 Reading Reflection

What really surprised me the most this reading when I learned about it was all the different sues that a valuation of a company has. Whereas before I only thought of a valuation when it came to a business selling point of view, I know now that they can be used for raising capital, determining inheritance tax and and establishing stock option plans for employees.
If I had the opportunity of asking a couple of questions to the authors I would probably ask them what conditions would entail a company to use a certain valuation method over the other. I would also inquire as to what exactly makes the pricing formula the way it is, and why those are the only values taken into account.
The one thing I found confusing about this chapter was the LOI, and the way it differs from a terms sheet, as they both seem very similar to me. I did not find anything that I particularly disagree with.

My Exit Strategy

To be perfectly honest and straight to the point, my preferred exit strategy is always decided with one goal in mind, financial profit. I plan to exit my business at some point (as i do plan to enjoy my life and retirement), but that point will come when I feel I no longer have to offer anything to the company i created. In shorter terms, when my usefulness into improving and bettering the company comes to an end, I plan to sell it. And for as much money as I can.
The particular reason I have selected this exit strategy is because of the same reason I started this venture, financial gain. Now while some may say I lack passion and all i think about is money, which I understand given how I have phrased my thoughts, it is also important to understand that doing something I like does not necessarily have to be the same thing I do for financial gain. I simply spotted an opportunity which I could grow into a profitable company, simple.
I think that having financial profit as a goal in my head from the very beginning has been very influential in how I make decisions in the company and how I spot opportunities. Since profitability is a key point, spotting opportunities that are worth chasing has led me to careful evaluation of every step I take with a company. It also affects me in how much I play to grow this company and my decision to sell it.