One minute paper last session

First of all the most important for me the information about the business plan, how to prepare for it. The second, is the small business plan, and not the risk they go threw

The Wal-Mart affect book really open my eyes because I do not know how many suppliers they have bullied to get their price.

The final learning experience is how to under stand the different aspects of a business, how to make decision and plan how to continue managing to improve, it was a very good learning experience

Session 6 Financial Management

In tonight class I learned about financial management team, the resource that this department need to keep the control about expenses, cost, OT, absorption, and other data that this department will evaluate the data and keep all the other department in check. Also in this session I learned about the rewards, how companies keep employees motivated, and also how it benefits their moral, because even if they get paid an motivated employee can make a better product, and will give your company 110% every time.

Session 5 Sales and Marketing

With today session and the team project about market strategy, the concept about how to sell a product or service, this help under stand the different stages of a sales pitch and how many different areas your product or service has to go threw before it actually start selling.

Session 2,3, & 4

Session 2 I learned about small business and how easy is it to fail and not having a great business plan and managing the generate income can create a down fall for the new small business.

The exercise that we did in class opened my eyes on how small details are put in making decision for your business and how things can impact your business.

Session 3 critical thinking is needed to plan for your small business, deciding when and the how is very important because if not planned correctly or maintained the correct business plan this can send your business in to a down fall. This situation can be avoid by managing your group and delegating, and letting your team help out. Getting the right person for the job not taking all the responsibility just for your self,knowing when to ask for help.

Session 4 Out Sourcing

Many time companies need to outsource some time is to gain financial outcome and other is for surviving the critical economy, for the most outsourcing in some cases is necessary to satisfy the customers needs and to keep his confidence to maintain there trust. Outsourcing can sole some problems but also they can create new one's too, quality in some cases is the first thing that is lost when out sourcing because cheaper labor transform into lower quality products or service. So outsourcing isn't always the solution, planning out the situation is required to plan and make the correct decision.

session 7 class topic Technology

Session 7 class I learn about computers how important role they can play in any company, and how the benefit from having them. Computer also are a great way to manage your time, save data, keep inventory, have different level of access, and finally the computer and the software can be use for criminal intention. This is import to monitor and have limit access to some level employees and upper management. All this technology is important to have on any type of company because it would only help it to progress and satisfy the customers and their needs