1/10/13

Reflection:
Today we had an entrepreneur from Briar Cliff come in to class and talk a little about what businesses he was starting in Sioux City.  He was starting a designated driving service, along with a number of other jobs.  He also talked a lot about networking and said this is something we need to learn to do.  He mentioned a number of different events he had going on.  We then went down to the entrepreneurship office he had in Heelan.  He showed us a list of 10 business ideas he had on his wall and also encouraged each of us to look into networking withing the Sioux City area.  Another big thing he hit on was that it was up to our generation to make Sioux City the way we want it, and less boring.

We also discussed the fixed an variable costs of a business.  Looking at our EE we can see that we will have to deal with variable costs being the cost to package each book and drive it to the post office. We do not have any overhead or fixed cost as we are running it out of the school.  As for my online casino there are a lot of both fixed and variable costs.  Some of the variable costs include the wages of employees that help to set up the casino.  A overhead fixed cost would be obtaining a licence to run the online casino.