How Everyone Should Pick Their Business Partners

My business course requires a huge project that will give the option to choose from two different assignments. Here is a brief explanation of the two and details of me trying to figure out who I want my partner to be. The first project is a Case Study which is a standard college essay. The research paper must be on one of the fortune 500 companies. If we are going to chose to do the research paper my professor said we ‘need to start thinking about what we want to write about NOW,’ so that way we’ll be prepared.

Likewise, with the alternative second assignment, she also asked that we begin to prepare now by selecting a partner from the class. The assignment consists of doing a Junior Achievement  at a local elementary. Basically what that means is, you get to be a teacher for a day. Well five days to be exact, and the teaching sessions last forty-five minutes each. The objective is simple, we are to chose a grade (grades first through fifth), and choose school that we want to teach at (in town). Then we are then given a ‘folder with all of the information’ and all we have to do is present that information with our partner to the kids. The idea is to introduce the little ones to business principals. This is the assignment I have chosen. I knew I wanted to do this project because I’ve never done anything like it so I began to evaluate my classmates for possible candidates.

On the second day of class we introduced our self, and I decided to take write notes of everyone in my spiral to help me remember them a few weeks from now, and maybe give me some leverage on having the person I choose accept me as a partner as well. I know I feel more comfortable with people who remember things, even if they do take notes all the time. Well, they would call it a memory, but it’s actually just me studying people like they are my preyand I’m hungry for… a grade or money..!? (grins and shows sharp teeth.) Anyway…..

Before, my professor summoned us one-by-one to introduce our self, I did not favor any particular one of my classmates. I did the best I could to write down everyone’s Introduction.

• The Dutch Lady – Likes to sew. Taking this class to get a ‘broad’ understanding of business, non-business major. (Sounds like me, except the whole wanting to understand business part. We both love to sew!)
• Holly ‘Neil’ or Neal? – Went to Navaro HS. near San Antonio, Texas. Cheerleader/Gymnist. Working to be a nurse, moved here alone, parents are 3 hours away. (A real go getter, has balls… cheer leading looks scary as shisky pens, and moving three hours away from home… sounds like a good candidate)
• Leana Canales – From Portland… working in Rockport. Has athree year old son. (Too busy for me, next!)
• Betsy Salazar – Majoring in Business. Works at Abercrombie & Fitch. (That works.)
• Lena Collnstalk – Graduated from Ray. Business administration major, and house management.
• Jorge – The army guy. “Went to the the Army, didn’t like it, dropped out and came to school.” – Said Jorge as he slamed his pen against the desk. (Wow this dude might shoot us.)
• Melissa Franco – Real Estate

As soon as the last word rolled off Melissa’s tounge Ms. Combs stopped the introductions to tell us how important it is to look into real estate. She kinda sounded like a commercial telling you that you NEED to buy their product, but she made a really good point, and I would’nt testify against it in anyway

Real Estate… every business needs to know something about it. It’s going to take the biggest chunk out of your budget so you might as well take a course in Real Estate or learn as much as you can about it. It will even benefit you when you want to buy a house, or place for your art studio, if you look into real estate before hand.

My only objection is street artist, but if they ever make more money than chunk change then they’ll need a studio. On with the introductions:

• Jerry – Went to King High school here in town.
• Eric – Is from Portland, Texas and works with his dad.
• Me – Of course, I told them how great I am. :)
• Maria – Still goes to high school, from Austin. (She seems really nice, and WOW.. i’ve never had a high school student in any of my classes at Delmar.)
• and last but not least, the one lady I felt guilty about because I missed her introduction when i was moving my chair to share books with Maria. Shes the old school looking lady that already looks like she knows a lot about business. She helped me today when the teacher asked that we sit next to someone who has a resume at home. She gave me a lot of good input about how I could go about making a resume for myself. I don’t know for sure if I would like to work with her on my Junior Achievment, but she make good candidate.

Who would you pick?

Business Definitions (Basic’s)

after the first session in my business principals class, i’ve come to the library to research definitions from which i think i will need to have memorized for the upcoming test in this class. here are the words and definitions that i copied into my spiral notebook.

business – Economic system in which goods and services are exchanged for one another or money, on the basis of their perceived worth. Every business requires some form of investment and a sufficient number of customers to whom its output can be sold at profit on a consistent basis.

not-for-profit organization – An incorporated organization which exists for educational or charitable reasons, and from which its shareholders or trustees do not benefit financially. also called non-profit organization.

corporation -

1. Firm that meets certain legal requirements to be recognized as having a legal existence, as an entity separate and distinct from its owners. Corporations are owned by their stockholders (shareholders) who share in profits and losses generated through the firm’s operations*, and have three distinct characteristics (1) Legal existence: a firm can (like a person) buy, sell, own, enter into a contract, and sue other persons and firms, and be sued by them. It can do good and be rewarded, and can commit offence and be punished. (2) Limited liability: a firm and its owners are limited in their liability to the creditors and other obligors only up to the resources of the firm, unless the owners give personal-guaranties. (3) Continuity of existence: a firm can live beyond the life spans and capacity of its owners, because its ownership can be transferred through a sale or gift of shares.
2. Municipal authority of a town or city.
3. A very large, usually diversified, firm.

Relationship marketing – Promotional and selling activities aimed at developing and managing trusting and long-term relationships with larger customers.* Customer profile, buying patterns, and history of contacts is maintained in a sales database, and a service representative (also called account executive) is assigned to one or more major customers to fulfill their needs and maintain the relationship.

* indicates where the writing in my notebook ends for that particular definition, it was so freaking long -o-

the note i took on the first day of class