It’s the end of an era, folks. This week I had my last “Carol class” and today I write my last required blog post. The Jesuits have taught me that reflection on past events is vital, and below are some of my thoughts regarding my semester in Entrepreneurial Media.
This class was probably the most challenging journalism class I have taken. In past journalism classes, we never focused on the business side of journalism, but more of the basic skills required in order to get into the business. The main project of this course made us go through the process of what it would be like to start your own business: developing an idea, making a quick pitch, forming a business plan, and formally pitching the idea to potential investors.
Doing all of that is hard. I usually don’t like group projects, but man, was I happy this one was a group project. I was lucky to have my good friends Leah and Mari by my side through the sometimes frustrating process.
I liked that we heard from people who are in our field in the real world. We heard from Andrew Norman of Hear Nebraska and @creightonotter from the White & Blue Review who both started their own businesses. We also heard from Daphne Eck and Cathy Solarana who started their own freelancing businesses. It was interesting to hear that some of them back in college never thought they would start a business, and now here they are.
I’m about to make that same assumption. This class made me realize that I don’t really ever want to start my own business. It’s a challenge too big for just me. If I ever do start my own business, you can bet it’ll be a dual-founder deal.
Because I never took a business class (which I will probably regret one day), I hated the financial part of the business plan. When we first took numbers into consideration and were practical about the numbers, it felt like we would never make a profit! However, at some point, through sweat and tears, businesses make more than they spend. Talk about the rainbow after the rain.
Reflecting on the whole experience, I took away three points:
1. Passion is so important. One thing I noticed about all the real-world entrepreneurs that came to visit us is that they all were focused on something they loved. If you don’t love it, you won’t put your time and energy into it. Passion makes a life worth living.
2. Doing the same job for 40, 50 years is no longer a trend, especially in the journalism business. With technology constantly changing, our careers will constantly change and at some point we may realize starting our own business is something we want to do.
3. It takes people with different skills (design, advertising, financial, etc.) to run a business, and (thank God) writing is still one of them.