Unlike the families of most of the students in the Ateneo, my family does not have its own company or business. For this reason, I entered Ateneo de Manila University with the hopes of already having acquired valuable knowledge and experience in the field of business once I graduate. This is how I saw my future; I believed that every venture started from a goal no matter how vague or clear and that these goals change overtime – adapt with acquisition of new knowledge and fresh ideas.
Even as a kid, I have always been interested in business; I read books about strategies, watched videos about how-to’s, and attempted to sell random things to my schoolmates. But never have I been exposed to any form of legalities in business as closely as I am now, and I can say that I was very surprised to be presented with a different face of dealing with business.
As I read through the essay by Richard Goossen, I realized that an entrepreneur can learn so much from a lawyer. Not only because of the legal matters that entrepreneurs need to take note of but also because of the seemingly opposite mindset entrepreneurs have with lawyers.
In the essay, the importance of the fact that aspiring entrepreneurs should have a balance between being positive and realistic in business ventures was stressed out. I am now aware that I should carefully examine future consequences of each business undertaking not only because of the marginal risks, but now also because of the legal matters that affect, and without proper knowledge, probably even complicate the business endeavour.
I was also continuously taken aback while reading through the essay because there was so much to take into account. I thought that handling entrepreneurship is already tricky on its own, what more that there are now law related matters that I have to carefully consider.
Another thing that caught my attention was what should have been an obvious realization that the world is imperfect and that lawyers too can make mistakes, give wrong advices, and possibly lead their clients to worse directions than where they are, or simply be ineffective. Taking this into account, I recognize more the importance of being familiar with the legalities of business as to not completely rely on lawyers.
However, regardless how great some lawyers are, given the imperfect justice system we have, even the best are liable of defeat form injustice. With this realization, I found a sensible reason for following the adage that I should not put all my eggs in one basket in case things should go wrong.
By these new acquisitions of knowledge, my simplistic views of my entrepreneurship goals have significantly changed. At this point, entrepreneurship for me is not only starting a business, running it, dealing with risks in between, and eventually either ending up bankrupt or creating a cash cow; I realize now that entrepreneurship is so much more – much more complicated and even much riskier.
I bear in mind that the sense of being spontaneous is critical in building the foundation of entrepreneurship, but I am also aware this can also cause be the downfall of each business venture. I consider the need to keep being positive but also consider instances where being safer than sorry is a better option. I will continue to be concerned about being constantly updated with the trends of the market but now I also am concerned with the movements of the law. For now, all these might seem overwhelming to a college student like I, but I have to accept that this is how the game of entrepreneurship works and make every effort to adapt if I really want to succeed.
Even as a kid, I have always been interested in business; I read books about strategies, watched videos about how-to’s, and attempted to sell random things to my schoolmates. But never have I been exposed to any form of legalities in business as closely as I am now, and I can say that I was very surprised to be presented with a different face of dealing with business.
As I read through the essay by Richard Goossen, I realized that an entrepreneur can learn so much from a lawyer. Not only because of the legal matters that entrepreneurs need to take note of but also because of the seemingly opposite mindset entrepreneurs have with lawyers.
In the essay, the importance of the fact that aspiring entrepreneurs should have a balance between being positive and realistic in business ventures was stressed out. I am now aware that I should carefully examine future consequences of each business undertaking not only because of the marginal risks, but now also because of the legal matters that affect, and without proper knowledge, probably even complicate the business endeavour.
I was also continuously taken aback while reading through the essay because there was so much to take into account. I thought that handling entrepreneurship is already tricky on its own, what more that there are now law related matters that I have to carefully consider.
Another thing that caught my attention was what should have been an obvious realization that the world is imperfect and that lawyers too can make mistakes, give wrong advices, and possibly lead their clients to worse directions than where they are, or simply be ineffective. Taking this into account, I recognize more the importance of being familiar with the legalities of business as to not completely rely on lawyers.
However, regardless how great some lawyers are, given the imperfect justice system we have, even the best are liable of defeat form injustice. With this realization, I found a sensible reason for following the adage that I should not put all my eggs in one basket in case things should go wrong.
By these new acquisitions of knowledge, my simplistic views of my entrepreneurship goals have significantly changed. At this point, entrepreneurship for me is not only starting a business, running it, dealing with risks in between, and eventually either ending up bankrupt or creating a cash cow; I realize now that entrepreneurship is so much more – much more complicated and even much riskier.
I bear in mind that the sense of being spontaneous is critical in building the foundation of entrepreneurship, but I am also aware this can also cause be the downfall of each business venture. I consider the need to keep being positive but also consider instances where being safer than sorry is a better option. I will continue to be concerned about being constantly updated with the trends of the market but now I also am concerned with the movements of the law. For now, all these might seem overwhelming to a college student like I, but I have to accept that this is how the game of entrepreneurship works and make every effort to adapt if I really want to succeed.
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