did anyone pick up a business book after the last class?? If so please let me know

The next Scribe...

The Next Scribe will be Aaron.

Review for Test 1

Today we played played jeopardy in class to help review us for what will be on our upcoming test this Wednesday. The questions went from fairly easy to very hard. As the scribe I also got to be the score keeper and I will say it was a very competitive jeopardy session. Some of the questions asked were what does Laissez-Fair mean? What is a hostile take over? What is a whistleblower? The team who had the most points at the end of the game was the winner. It was pretty close esspecially at the end, because you weren't sure which team would wager it all or just a little. But when it came down to it Group 3 won in the Final Jeopardy round. I think it was a really fun way to study for our test this Wednesday.

Reflection Post

So far I have thoroughly enjoyed intro to business. We have gone over many different types of businesses and business plans so far. I have enjoyed learning about entrepreneurship and small business practice the most. Learning how a small business works and the ins and outs of it interest me as I hope to use these one day.

Reflections Ch 1-5

So far in Business 1301, I find the stories of innovative entrepreneurs quite interesting.  It is pretty inspiring to hear stories of people turning their passions and ideas into successful businesses.  I feel that I have built a solid understanding to the basics of the business world that will hopefully pay off for me later in life. 

Scribe Post

Today in class we divided into groups and discussed the articles of each person in the group. We were asked to choose one article within our group for Article Discussion. We then discussed those articles as a class with each group summarizing thier chosen article and discussed how that article related to the class and what everyones thoughts were on each article. We discussed the articles as a class and how they related to what we had learned thus far.
**Remeber that we will have a test next week and will review on Monday for Wednesdays test.

The next scribe will be ALEXA.

Reflections

So far this class has been a major refresher course for me. As it has been 20 years since I was in a class room I can definitely say that I truly needed this course. The most interesting thing to me so far has been the different types of businesses but it also is confusing to me to keep them straight. I think the most interesting thing to me has been learning about Entrepreneur's and hearing about someone who started from scratch and became a millionaire. The hardest part for me is just the studying since it has been a long time since I have had to study. I am excited about the coming weeks and what we will learn in them.

what i learn in class

i learn alot in class about small business, and to know where u going to get the money at when u open youre company, and what u going to sell and to know how to profit youre money back.. its good to know alot about business , so u can know what to do when u open youre on company ..

Reflections

So far in BUSI 1301, I've really enjoyed all that I've learned. There have been things we've talked about that I would have never even thought are related to business, like having a business plan or the different morals involved in having a business. There are so many different types of businesses that I never even knew of, which is surprising to me. All in all, I've really enjoyed learning about everything from small businesses to the advantages and disadvantages of being a corporation.

Reflection

As we enter the 4th week of school I think the most interesting thing we have learned is the different types of business and how one who go about starting one. This class as been very interesting so far and I like that we have such a long time to work on the big group project. I think the project is a great way for us to learn about all the aspects of a company and what it takes to run one.

Reflection Post #1

So far we have learned the basics about running a business, and the purpose of businesses. The most interesting thing we have learned thus far has to be the entrepeuner part. I like seeing ordinary people that have an idea that they strongly believe in, run with it, and make it into a huge profit for themselves. There is nothing too complicated about the things we have gone over. The only thing that could get confusing is the different ownships and who is in charge of what, but other then that it is all pretty straight forward.

Reflection

I've taken this class before in high school but did'nt understand anything but being here in your class makes class more fun and you learn a lot more. I've learned a lot about what the different tupes of businesses are and how things work. Looking forward to learning more.

Reflectionzzz, ya dig?

Wadup, this is Steven. I'm here to talk about what's gone on so far in Business. I, like a few others, missed the first week of class. Did it hurt me? No. I took Economics at ACC when I was in high school so I have the basics down, which is basically what we've learned about. I also took Entrepreneurship in high school so I know even more than Robert Pelkey. Something I did not know was how easily it actually is to start a business. I thought it would be much tougher. Day in and day out my roommate and I constantly think of ideas that will make us millionaires, and we have a few, we just don't know where to begin. I hope that someday I can be like that 13 year old girl who made bottlecap necklaces.

Reflections Post

Although joining this class late, i feel like your teaching helped me catch up and understand the basic knowledge of the different businesses. Obviously it seems ive learned a lot of the basic information from my high school economics class, but thats just the basics. Im very intrigued in the future things we will be learning to see if im really interested in becoming a business major. Hopefully the next few weeks will be as fun as the first

Reflections Post

Even though I did miss the fist week of class, I was able to catch up to pace pretty quickly. I feel that brushing up on American Bus. was a good refresher of past information Iv learned. Im not a bus major so I was concerned I wouldnt be able to keep up, but so far I have been able to keep on track. The most significant information I feel Iv learned so far that I didnt know was the ins and outs of sole proprietorships and partnerships. Iv learned that about the special types of bus ownership; s-corp, llc, non-for-profit corp, co-op, and joint ventures.

Reflections Post

The first couple weeks in Business class I have developed the understanding of how different types of businesses are run and set up. This class is very beneficial to know how businesses are organized and the effects it has on our everyday lives. I have learned that it is not so simple to open and run your own business and there are drawbacks, but in the long run there are also many benefits. There is a lot of responsibility and risk taking that comes with business ownership but if people are aware of these risks they could profit greatly.

Reflections Post Ch. 1-5

My experiences thus far in Business Principles has been a beneficial one. From types of business owners and investors, to certain areas of competition, I have already learned much more information than I started the class with. Im relieved that I was finally able to learn the correct definition of the word entreprenuer and what it means to be one. It is also very relevant that my past economy classes will have a large correlation with this business class. I can honestly say this is a class I am interested in and have no problem paying complete attention to the instructor.

Scribe post

In class today we went over chapter 5 in our. These are the topics that were mainly focused on in class.

Small Business: one of which is indepently owned and operated for profit and is not dominate in its field. They make up 99% of all business

Advantages: personal relationships with customers and employees, easily adapt to changes, simple record keeping, Independence

Disadvantages: Risk of failure, limited potential, limited ability to raise capital

Entrepreneurs

Are highly motivated Willing to work really Hard!! Take Big Risk

Franchise: License to operate an individually owned business as if it were part of a chain of outlets or stores.

Franchisor: person granting franchise

Franchisee: perpon purchasing the franchise

We talked in class about how purchasing a franchise is the easier to do than to create your own business and try to make it big. the reason for this is because the franchise already has a name for itself and you would have to do a lot more work to get you business out there.

The next scribe will be Michelle

Reflections Post for Chapters 1-5

So far in class, I have encountered more information about my career than I had planned on. Its interesting to see how this class benefits me so much and to see what we discuss is used in my daily life. We have covered the four types of businesses, how to earn profit and/or earn purpose for profit. We've looked into supply and demand while focusing in on the economis system. Some things I centered on was the information on a sole proprietorship and its advantages and disadvantages. This class keeps me looking forward to opening my own business. It puts everything into perspective about time management and money management and also what it takes to run your own business. In discussion we've compared the economic status with our mixed economy to the reality of what it takes to make a living and successfully run a business.

reflections post by dee

Connection Post I

I work for an attorney here in Bryan, and have seen him change his corporation three times now. In class we learned about the different corporations and how each company has different needs so therefore the business has different reasons for setting itself up certain ways. I have been interested to see why my boss would set up his partnership as a LImited Liability Company, and learned in class last Monday that one of the benefits is that there is limited liability on him. He recently added a partner to the firm the beginning of January and went fromb eing a sole proprietorship (I think that's correct) to a P.L.L.C. I learned that there are tax benefits to this as well. (Not being taxed twice) I'm glad we discussed this in class. Now seeign how he went from one stage to another and now to anther stage in his career, I see why he would have his business set up different ways to benefit his different needs.

Reflection Post for Chapters 1-5

In class we have been introduced to business in every aspect. I have esspecially enjoyed learning about small businesses. I also think I got alot out of the lecture where we learned the differences between corporations and how L.L.C.'s are taxed differently than other forms of corporations. I found peace in learning about the business cycle too. One day the economy is up and the next day the economy is down. I just really hope that we make it back up again soon. Even though for the most part, living in the Bryan/College Station area is comparable to living in a bubble from the rest of the world, I know that our community is feeling the effects of the 'recession' too. I can't wait until we well on our way through recovery and to the peak again. But like I said, learning that it is a business cycle is comforting in a way.

Reflections Post Ch. 1-5

Reflection over Chapters 1-5

Coming on to the 4th week of school, I'm glad to say I enjoy this business class. I see that what we learn is relevant when considering business as a part of my career. In our past lectures we discussed general aspects of business such as exchanges, the business cycle, ethcis, and different types of business. I think the most interesting part of class is the book work. In previous classes I found group work to be unporductive, but the way Beth sets up her class is effective.

The next Scribe will be

Tim

Scribe Post

When we first got to class we were asked to draw a number. Then we had ten minutes to find people for our group projects, and we also were asked to pick a publically traded company for our project. The number we drew was the order that we got to choose our companies.

After our project discussion we then went in to going over ch. 4. Here are the things we went over:

1)Sole proprietorship's (one owner).
Advantages: Ease of start up, pride of ownership, retain all profits.
Disadvantages: Unlimited liability, lack of continuity, lack of money.
2) Partnership (with two more owners) and its advantages and disadvantages (similar with sole)
Limited (the investor "silent" partner)
General ( the day-to-day manager)
3) Corporations and Stocks
Closed (stock owned by few but not sold to public)
Open (stock can be bought and sold by any individual)
4) Different kinds of stock
Common: Has voting rights
Preferred: No voting rights (most popular)
5) Special types of businesses
S-corporations,limited liability company, and non-for-profit.
6) Other business organizations along with merging companies.

New Scribe

new scribe will be Danielle

Ethics

Scribe Post: Ethics

9/8/2010

In class today we finished Ch.1 and began Ch.2. At The End of Ch.1 lecture we discussed different ways of exchanging goods. The topics are as follows:

Barter System: goods in exchange for other raw goods

Domestic System: goods produced within a home

Factory System: goods produced within a factory

Specialization: separate different tasks to different people

We also discussed sustainability, meeting the needs of the present without compromising the ability of future generations to meet their own needs.

In Ch.2 the class covered the principles of Ethics in business. We discussed how morality is important to business in different sectors of business, and how it has improved through out the years. The topics covered are as follows:

Protect the Consumer: businesses are now responsible of the safety, information, choice, complaints and concerns, and service of the consumer. The consumer has buying power which makes them important to industry. So rights of the consumer are necessary.

Protect the Employee: businesses are also responsible for the safety, fairness, dealing with discrimination, and working condition of their employees. We talked of two organizations that help with the protection of employees: the EEOC, equal employment opportunity commission, and OSHA occupational safety and health administration.

Protect the Environment: businesses are responsible for their impact on the environment. may be liable for clean air, noise control, water pollution, oil pollution, etc.

We also talked about big firms and how its necessary for them to be responsible for society. In the early 1900s the policy was more of "buyer beware," but since the great depression and many drastic changes to the economy, instead of the government trying to solve the issues of society businesses have started to play a bigger role in being efficient and being green. It's important for business to play a role in society (other than dealing with their clients/consumers) because large corporations have an effect on the GDP of our country. If a business can effect the economy and generate considerable income I believe they should have Social Responsibility.

Scribe 9/6/10

Monday, September 6th in class we took notes over chapter one. Here is an outline of my notes :)

t The Purpose of a Business is-

1. A business must satisfy a need

2.People have infinite amounts of needs and

3. Businesses can create needs that people don't even know exist.

Four Types of Resources: Financial, material, human, and information. We were shown different examples of these resources and categorized them as a class.

Manufacturing- Processing materials into goods for customers. EX. Intel, Dell

Service- Provide a service to customers. EX. HR Block, Google, Blue Baker

Marketing Intermediaries- Buy products from manufacturers and resell. EX. Best Buy, Target

Competition-supply,demand, equilibrium (market price)

Types of Competition:

Perfect-Market price

Monopolistic- Product differentiation

Oligopoly- Hard to enter market

Monopoly- Natural or legal

Factors of competition-Land and natural resources, labor, capital, and entrepreneurship.

Capitalism-The invisible hand(Adam Smith) and Laissez="let them do it."

Free Market Economy-There is no government in Adam Smith's free market economy.

Command economy- Socialism, Communism, and Mixed Economy.

Measuring Economic Performance- Productivity, GDP, inflation, deflation.

The Business Cycle: The peak, recession, trough, and recovery.

The next scriber will be:Ronpph

In class

Class is interesting

Together

Today in class we were separated into groups, so we could go on a scavenger hunt and each group came back with a card that had words on the back of it. When we connected them together they said " You are a community of learners capable of achieving anything you believe possible." What that tells me is that without each others help we couldn't have made that sentence.  So what this says to me is that we have to work together and help each other out and we well achieve anything we want.

The next scriber well be Ally M.