First week is down in the books. During our first week we were tasked with crafting a business plan for a variety of different restaurant types. Beginning this business plan has been eye opening as I am just being introduced to the business field. There is so much that goes into a single business plan and I am intrigued to learn the ins and outs of it, as we work on it the next two weeks. One of this week’s highlights was watching Shark Tank. I’d never seen this television show before. Watching entrepreneurs give pitches of a lifetime in front of four “sharks”, venture capitalists, gave me ideas for future endeavors. I was able to make connections to real life business, and our current business plan because of the show. Every company is backed by a strong business plan, as it is the foundation and glue to any
successful company. Weston Gregg, who led the LABB program the first week, occasionally paused the show, to ask questions that kept us engaged. Often he would ask if we would invest in the entrepreneurs company, I’d like to think that investing in other people’s dreams is just as important as investing in your own. Next Monday we are planning on giving pitches of our own and I hope to use some of the concepts of presenting that that we were able to observe on Shark Tank. Many times on Shark Tank poor ideas are overshadowed by the strength of the presentation. It is my goal to be such a strong presenter that no matter the content, I am captivating and convincing. For example, the group of interns gave pitches about ourselves in order ascertain our strengths and weaknesses so that we could be divided into groups for our first business plans. I take pride in my ideas and values, which is what I believe made my pitch strong. I was assigned to a group that I believe is going to be extremely successful. To be apart of the business field, we must be self-confidence, and put our best foot forward in every endeavor. Finally I would like to thank the generosity of the Lilly Endowment for providing me with the opportunity to take part in the LABB program.