21A – Reading Reflection No. 2

Thinking Fast and Slow by Daniel Kahneman

1. The overall theme in this book explains how there are two systems when it comes to considering judgement and choice. The first system is fast and automatic in comparison to the second system which is slower and more deliberate.

2. This book aligned with what I have learned in this class when it comes to being methodical when making smart decisions in regards to growing my company. It has given me a new piece of mind in that I won't rush to the finish line - rather think of my long term goals as a marathon. 

3. If I could design an exercise for this class after reading this book, I would design an exercise that allows for young entrepreneurs to evaluate every critical option when making an important decision for your company's growth. This exercise would look something like this: every entrepreneur will have a list of things they need to do in order to complete a task that is vital to their company's growth. Upon completion, the exercise will explain the differences between each option and how the order is supposed to be displayed. 

4. What surprised me the most about this book is Kahneman's approach to the first system. He considers the first system to be fast thinking. It is thinking done almost automatically or instinctively. He claims that thinking is done with almost no effort from the person and there is no feeling or control.   

Comments

Post a Comment

Popular posts from this blog

5A: Identifying Local Opportunities

Opportunity 1:  Vote by mail helps republicans. So why is Trump bashing it? https://www.tampabay.com/news/health/2020/05/28/vote-by-mail-helps-florida-republicans-so-why-is-trump-bashing-it/ As the election is slowly creeping up on us amid the Covid-19 crisis, legislation is starting to look at other alternatives for voting. One alternative they are exploring is vote-by-mail. The country's president has continued to attack expanded use of mail-in-ballots.  The problem in this situation is the option for voter fraud. Trump believes that if our country does opt in to vote-by-mail it would give the democrats a huge advantage for the upcoming election. In this case, Trump, and all other republicans have the problem. The republican party might be at risk to voter fraud hence losing them the election  Opportunity 2: The party has started: Tampa Bay bars are open, just not all of them  https://www.tampabay.com/arts-entertainment/2020/05/27/the-party-has-started-tampa-bay-ba...
Read more

Opportunity Belief

I believe there is an opportunity to be successful in the real estate leasing sector because so many businesses had to vacate their office, retail, and industrial space due to issues concerning Covid-19. The unmet need is the space tenants are looking for to get back in the business and tenants such as mom and pop restaurants or logistics companies would have the need. The need came from these companies wanting to re open their stores at a reasonable price. Currently, such tenants are hiring real estate brokers to find them space so they can operate their business.  As said before the pro typical customer would be anyone who lost their office space due to Covid-19 but today I want to focus on retail businesses and gyms in particular. Gym's have taken the biggest hit terms of retail and a lot of them are forced to close their doors to customers hence not coming up with revenue to pay rent to their property landlord. Upon interviewing a local gym owner in my home town I came to find ...
Read more

My entrepreneurship story

Image
The most notable entrepreneurship story I can think of is when I invested in my first income producing property. This venture started when I graduated high school. I had enough money saved up to put a down payment on a duplex in Tampa Florida. Overall, the tenants were trustworthy and always paid me my rent on time and didn't bother me at all. Nonetheless, it was very rewarding experience.  I enrolled in this class because I consider myself an entrepreneur and hope that I can use this class to leverage my knowledge into future business ventures.
Read more