There's the Twenty Percent

I interviewed a person who started his own clothing store. The stores sells name bran items like Southern Proper, Lilly Pulitzer, and Vineyard Vines. His clientele ranges from 13 year olds to 60 year old men and women who typically fall into the upper middle class. The store is located in a trendy and walkable side of town in a very nice area. The shop owners goal is to provide names brands in a sector of town that does not have a lot of clothing options.

The customers I interviewed pretty much lined up with what the shop owner described. They were all from a nice side of town and fit into the age groups suggested. They preferred to shop in the boutiques because it offered something different than the mall.

There's my Half-way Reflection

First off, I highly recommend taking this class! It has been the most beneficial class I have taken so far, and I have learned tangible skills. One skill that has growth throughout this course, is time management skills. There have been a few moments when I forgot that an assignment was due. This class has lots of projects that are due at weird times and a lot are unfortunately due on a Sunday. Because of this, I have needed to improve on writing things down in my planner, and planing ahead so that they projects would be completed  on time.
There was one day when I had to take my best friend to the ER because she sliced her hand opened. She was told to see a hand surgeon because the cut was so deep and she could have sliced a tendon. This of course happened on a Sunday and I had not completed my assignments and was not able to submit them. I felt like giving up and was very frustrated that I was not allowed an extended period of time because of my emergency. But there is extra credit and this situation inspired me to work ahead in the class so that I would be prepared for another emergency or adventure that would come along when I needed to submit assignments.
So some tips to leave with you about a tenacious skills are:
1) write down assignments times
2) set reminders for big due dates
3)work ahead as much as possible
Some more tips about a tenacious attitude are:
1) keep going and do the extra credit
2) don't be afraid to approach people in the video assignments
3) bring a friend along because it make it more fun and they can help you film while you talk

Enjoy the course!

PS Here is a picture of one of my friends happily helping me in the rain!

There's a Reading Reflection Week 8

I was really surprised by the number of banks that operate out of the US. The book says that there were 7,000 banks in 2008 and that there will only be 4,000 by the end of the decade. This is mainly due to the economic downturn, but these still really surprised me.
I was only surprised that the author said that it is a necessity for all new ventures to be debt financed. I really disagree and I am very against debt, especially when it can be avoided. I understand that most new ventures need it, but I would like to have my family as investors so that I would be able to avoid the type of debt.
The concept of "factoring" confused me. I didn't fully understand this concept and I would like to ask the author more about it. I would also like to ask him how this process originated, especially since it only applies to certain industries.