Showing posts with label Week 3. Show all posts
Showing posts with label Week 3. Show all posts

Sunday, January 24, 2016

Week 3 Reading Reflection



In reading that running and weightlifting were the two types of exercise that benefited entrepreneurs the most. To find that running specifically (which I have on many occasions enjoyed), positively impacted sales volume, extrinsic rewards, and intrinsic rewards was a pleasant surprise.

I think the only confusing part was in reference to optimism. First, to mention that this is a trait most entrepreneurs have, but then to come back close to the end of the chapter and mention "unrealistic optimism" is taking it to the extreme and can cause more harm than good, does not really give a clear picture if optimism is good or bad. I think anything can be bad if not handled properly just as being independent can alienate you from others. Therefore, was it really necessary to point out optimism has a possibility of being unrealistic...

Two questions I would ask:
  1. Is optimism really something an entrepreneur has or is it something they believe they need to have in order to move forward in their venture? Meaning, is this innate or is it formed as in a means to meet an end?
  2. Referencing the typology of entrepreneurial styles, if there is a low level of profit motivation and low personal risk, how does that fit into the author's definition of entrepreneurship?
I think the stance of psychic risk addressed in the chapter was a bit melodramatic. I do agree all risk has a dark side to it, but the emphasis that psychological risk has proven too severe to bounce back is stating this is the one area that causes individuals to go over the edge. In reality, for example, financial risk can do harm and cause individuals to drink or search for some other way to escape the "real" world after losing their life savings to a failed business venture. In fact, as the chapter alludes, it can impact the family and there is a chance of losing a spouse and children due to the willingness of the risks taken. So yes all risk has a dark side, but all have opportunities of never recovering unless you find it within yourself to overcome the failure, dust yourself off, and move forward.

Identifying Local Opportunities

The quest to find local opportunities utilizing a local newspaper was a fascinating exploration of really opening one's eyes and really seeing what is impacting our communities with a differing perspective and that is of an entrepreneur with asking "Why?"

Is that Opportunity Knocking?

JEA expansion outside Duval questioned

This story is local to St. Johns County in which Jacksonville Electric Authority (JEA) has expanded and is serving a small part of the county. The problem that is stated in the article regarding St. Johns is also the same problem occurring to Duval County JEA customer, which includes a City of Jacksonville Franchise Fee applied to electric, water service, and sewer service charges. This fee is questioned because the city charter prohibits ever subsidizing JEA, therefore, why is there a fee (per City Council-considered a return on investment) applicable to consumers who are forced to utilize the only utility carrier available. Keep in mind there are taxes imposed on each service provided.
There would seem to be a blurring of the lines with regards to JEA and the City of Jacksonville that has now seeped to St. Johns County. Why is it that St Johns County residents are now responsible for paying fees meant for the City of Jacksonville?

Clean-shave rule leaves firefighter steaming; Concern raised over use of safety gear; timing o enforcement questioned.


Jacksonville firefighters were not given much notice from employee services that in order to adopt OSHA standards, they must be clean shaven by 8 a.m. of their next shift. If compliance was not met, they would be placed on temporary limited non-firefighting duty. This was especially bothersome to those firefighters who received medical exemptions in wearing a respirator or self-contained breathing apparatus. The exemptions were not for reasons of vain, but because of a condition called pseudofolliculitis barbae that mostly affects those that have beards with curly hair that grows back into the skin and causes irritation and can cause scarring.


Our pedestrians put their lives at risk



This story highlights the increased number of deaths of pedestrians that Jacksonville is encountering. In fact, it mentions that Jacksonville has the third highest death rate of pedestrians in the nation.

The article highlights some causes of the increase in almost weekly pedestrian deaths that range from broken traffic signals to clearly distracted pedestrians. It lists some options to combat this growing statistic of pedestrian deaths.

In my opinion, this problem is not necessarily just affecting pedestrians but also for the drivers that are involved in these tragedies. 

Low wages a challenge for St. Johns County workers Jobs are more plentiful, but service employees often can't afford housing
 
Joblessness after the Great Recession has been an uphill battle in St. Johns County. The county is doing well, and property has held its value. Unfortunately, 20 percent of the households in the county are struggling to find affordable housing in the county with median gross rent at $1,073 for 2014.
Households making $35,000 to $40,000 are challenged to find affordable housing within the county and find themselves finding housing in neighboring counties. This can ultimately have a devastating effect on the small businesses that do not or cannot afford to pay competitively, thus ultimately losing those integral employees to other businesses outside of the county.

 
Little progress on repairs to troubled apartments; Staff members for Sen. Rubio meet with residents at Jacksonville's Eureka Garden.

The above links to a great example of the lack of enforcement of a government agency that has forced families to live in despicable conditions that include infestations, mold, and overall lack of care of the property.
Families that receive HUD assistance live and continue to live in the poorest of conditions because the lack of affordable housing.
The story is a follow up in that as of December, Global Ministries Foundation of Tennessee who had received $6.3 million from HUD in 204 to subsidize rent at those properties has progressed slowly on making the necessary repairs.