Case - Part 2 By: JoLynna Kohler

Case Study 1

What idea or approach inspired you to think about your entrepreneurial endeavor in a new way? How?

When asked what advice they would he give someone who wants to build their own empire, David said “Don’t Wait for perfect”. This really resonated with me because it is something I struggle with. I will end up not finishing a project because its not my vision and it has in some cases stunted my opportunities. Although I will take great care of the evolution of my company, I wont let my idea of perfect stop it from being launched.

What lesson or failure can you learn from without having to repeat the same mistake yourself? How?

He said that with his first business, he failed miserably. But instead of stopping and thinking he shouldn’t be in the industry, he still pressed forward but in a new way. He researched and became wiser with his decisions and ended up creating something successful. I hope that even if I do fail that I take it as a learning opportunity and press on.

Will you alter your business idea as a result of reviewing this case study? Why/How or Why Not?

David first struggled with understanding how much time things took to execute. In the end it made him fall behind and his first business failed. This is one of my unknowns right now and I will make sure to test and over estimate timing in order to make up for any obstacles.

What will you incorporate in your business after exploring this case study?

I liked that David included a blog and said that it pulled many clients in because it was a way that they got to know him. This is something that I would like to add to my business. My business is overwhelmingly analytical and by adding a blog I believe it could help with optimization and give a human touch to the company.

Case Study 2

What idea or approach inspired you to think about your entrepreneurial endeavor in a new way? How?

“One of the pitfalls of not having your own boss ... is not being your own boss.” This statement is exactly what I am worried about. Although I am striving to be my own boss it does make me nervous that I wont always be on top of myself to get the work done and not waste time. I will have to still set up some time of schedule to keep me on track. Although the schedule might be different every week it will still help me stay on the timeline.

What lesson or failure can you learn from without having to repeat the same mistake yourself? How?

Junshien said that he didn’t foresee how much his industry was constantly changing. Then the added affordability of SLR’d the created a slew of competition. I will try to avoid this by regularly researching and keeping one ear to the industry and one the customers that way I can agilely make strategic decisions.

Will you alter your business idea as a result of reviewing this case study? Why/How or Why Not?

Junshien said that he realized that he couldn’t do it all him self and outsourced for some projects. I think this is very important to understand in business. I know for a fact I am not a good accountant and will make sure to hire someone that will take care of the books.

What will you incorporate in your business after exploring this case study?

I will make sure just like Junshien to keep in contact with clients and maintain a good relationship.

What idea or approach inspired you to think about your entrepreneurial endeavor in a new way? How?

Their approach is to work incredibly hard on their own business instead of putting all that work in to someone else's. I firmly believe that is how I feel about my own company. But that does not subtract from the fact that while I am interning and working for other companies before Katwalk is launched, I will happily learn from them and take their advice.

What lesson or failure can you learn from without having to repeat the same mistake yourself? How?

“The other important lesson is to market before manufacturing.” This is so obvious but something I wouldn’t have thought to do. This couple said that they spent lots of time and money on a product that in the end had little demand. I will make sure to advertise my business and do a test market first before the launch.

Will you alter your business idea as a result of reviewing this case study? Why/How or Why Not?

I don’t think that from this case study I will alter anything specifically because these are very different industries. But I have really enjoyed and will take this business's advice moving forward in my freelance work.

What will you incorporate in your business after exploring this case study?

When asked what their worst and best day was they replied with a great client experience that ended with crisis. I will make sure to try to foresee these crises and if they are a surprise, I will have a crisis plan in place for several scenarios.

Created By
JoLynna Kohler
Appreciate

Made with Adobe Slate

Make your words and images move.

Get Slate

Report Abuse

If you feel that this video content violates the Adobe Terms of Use, you may report this content by filling out this quick form.

To report a Copyright Violation, please follow Section 17 in the Terms of Use.