Presentation Preparation

Today in class, I wrote the script for Benny and I's presentation. He has agreed to make the power point for our visual aid. We plan to add lots of pictures from our Endevvr experiences.  We will also add the previously mentioned list of books.  Next class, we plan to start practicing our presentation to make sure we are under the time limit.

Absence

I was absent on Thursday.  I am at the National Black MBA conference. .

Lean Startup Chapter 1

I have started reading the Lean Startup by Eric Ries. 
Here are some of my notes

Chapter 1

Entrepreneurs are rightly wary of implementing traditional management practices early on in a startup, afraid that they will invite bureaucracy or stifle creativity. pg 15
We were very hesitant to give people job titles
Ethan and Tejas - both wanted CEO both were both qualified for CTO
We didn't want to make ether one upset
As a result, many entrepreneurs take a "just do it" attitude, avoiding all forms of management, process, and discipline. pg 15
we did this
wasted lot of time
disconnected
would ask did you finish and say yeah long time ago

College Day

Today, I decided to work on my Senior survey. I hope to have it completed by Friday, so I can be on the right track for the college application process.

College Readiness

Ms. Marberry talked to the class about the college application process.

Thesis Book Club

We finally made our choice of books - see picture of me

We are going to start out with the Lean Startup by Eric Ries

Eric Ries defines a startup as an organization dedicated to creating something new under
conditions of extreme uncertainty. This is just as true for one person in a garage or a group of
seasoned professionals in a Fortune 500 boardroom. What they have in common is a mission
to penetrate that fog of uncertainty to discover a successful path to a sustainable business.
The Lean Startup approach fosters companies that are both more capital efficient and that
leverage human creativity more effectively. Inspired by lessons from lean manufacturing, it
relies on “validated learning,” rapid scientific experimentation, as well as a number of
counter-intuitive practices that shorten product development cycles, measure actual progress
without resorting to vanity metrics, and learn what customers really want. It enables a
company to shift directions with agility, altering plans inch by inch, minute by minute.
Rather than wasting time creating elaborate business plans, The Lean Startup offers
entrepreneurs - in companies of all sizes - a way to test their vision continuously, to adapt
and adjust before it’s too late. Ries provides a scientific approach to creating and managing
successful startups in a age when companies need to innovate more than ever
 - I aquired this description from Amazon.com - 

Plan of Action

Today, Benny and I sketched out the outline to our thesis project.  We started by identifying our central question - Which methodology is more effective for a youth-founded startup?  We plan to read at least 5 book on different methods and compare them to way we started our business.  We then can identify the pros and cons of each.