This week I brainstormed ideas for my $100 challenge and Big Idea. This was difficult because I don't really want to being a business, instead I would prefer to work in a corporate setting such as commercial lending. One of the other challenges of this assignment were the implications that can be associated with this project. Many of the ideas that people will have will require insurance, permitting, licensing, and subject to taxation. It concerns me that this doesn't seem to be discussed in this assignment. I wonder if any students have filed taxes on the proceeds from their start-ups. If not, why not? Has BYU-I considered that this might be a topic that should be covered?
I'm still not quite sure what I want to do for the $100 challenge but I have received approval to use Grameen-American as my donation recipient. I hope in the future B-283 offers other options besides KIVA for this project. I feel that KIVA's lending practices are questionable. Having read several law reviews about micro-lending that specifically discuss KIVA I couldn't support them and still feel like I was being true to my values.
I had the opportunity to use the Bruce Thompson story to help one of the students I volunteer with. The student really struggles with self-confidence and a desire to put forth effort. I think he was really surprised that I could pull the story out from thin air. Good thing I have watched many of these Acton Hero stories more than once. It is one of the repetitive parts of the Entrepreneurship Emphasis for my major. I wish it wasn't so repetitive but hopefully I can gain new insight with the repetition.
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