My Entrepreneur: Tory Burch

     Cathy developed his flair for business early in life. As a boy he exhibited no unusual talents except a sharp business sense. Growing up in a boarding house introduced Truett Cathy to hard work and taught him the value of diligent labor. He learned to shuck corns, shell peas, wash dirty dishes, set the tables, shop for his mother at the grocery store, and flip eggs

There are many “Industrial Tycoons” nowadays, but few compare to some of the great Entrepreneurs many years before. During the year 1870 the oil company, Standard Oil, was created to help heat people’s home’s, keep trains running, and provide light. John D. Rockefeller, the creator of this Oil company, was one of the greatest Industry Tycoons of all time, another great industry tycoon is Ellen Degeneres. Ellen has done a great amount in a short period of time. Both of these people have done great things, and kept people interested.

Oprah Winfrey desired to become a star on television. Instead, what transpired was a multi million business plan for Oprah's media empire. In a free enterprise system, people like Oprah Winfrey have the opportunity to create their own influential business and make their own economic decisions

And now, twenty something years later, her and her husband, have 2 children in ivy league schools, live in a $900,000 home. Quite an impressive story would like to have that kind of ambition, to be so successful.

Claudia Taylor was born into a rich family in Karnack, Texas. She was given the nickname “Lady Bird” by her nanny because of her beauty. Her father owned several stores and a cotton mill, which was how the family earned money. Claudia learned much from her father as her mother died when Claudia was only five years old. Her father instructed her about how to run a business. Claudia was a smart young lady who was able to graduate from high school at the age of 15. She also attended the University of Texas where she earned two different degrees.

Becoming entrepreneur is very difficult to most people. Many people have a dream to have their own business and to become successful, and they work hard to succeed their dream. In The Blue Sweater, Jacqueline Novogratz talked about an entrepreneur whose name is Charlotte, and her story reminds me my uncle Shimels. Both Charlotte and Shimels have a lot of similarities and differences.

One of my favorite designers is Kate Spade. Kate Spade was born on December 24, 1962 in Kansas City, Missouri. Spade graduated from Arizona State University in 1986 and then went on to New York City. When she was in New York, she worked for a magazine called Mademoiselle. After five years of working for this magazine, she earned the title of senior fashion editor and head of accessories. Shortly after receiving this title, she left the company to create her own line. In 1993, Kate launched her own line of handbags that turned out to be very successful. After she met her husband, Andy Spade, they went into business together and their business together was even more of a success. The company grew from just handbags to a wide variety of items

In 2009 Tory Burch signed an agreement with Luxottica to create her own sunglasses and eyewear collection. That original contract was only a six year agreement. Recently in 2014 they renewed the original contract for now 10 years expiring in 2024. Tory plays a big role in the creation of her eyewear collection. The focus around the glasses has been consistent since 2009 she plays with colors and graphic prints (Luxottica).Tory’s vision is for people to get excited about buying a new fun pair of sunglasses or glasses.

“An entrepreneur tends to bite off a little more than he can chew hoping he’ll quickly learn how to chew it.” (Roy Ash)

She did not have much of a problem doing business in the initial years because of the jogging boom. She earned good returns on her investment and made profits.

“Oprah Winfrey arguably has more influence on the culture than any university president, politician, political or religious leader, except perhaps the pope.”

The purpose of writing this report is to show how much I have learned and experience from enrolling in BBA 220. It is also include the impression and my personal reflection about the unit itself, and also the reflection about group project. Before I start this unit, I do not understand much about entrepreneur and entrepreneurship at all. I just know that people who do business are businessmen. However, after joining this unit, my understanding toward entrepreneur become different. Entrepreneur is someone who is willing to take risk by inventing a new business that does not exist in the market or start up their own business to make profit or take benefit of an opportunity. On the other hand, according to Joseph Alois Schumpeter (1883-1950),

An entrepreneur is defined as a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. Perhaps one of the most successful and admired entrepreneurs to this day is Oprah Winfrey. From TV-shows to movies, magazines, and books, she has managed to conquer it all and become one of the most well-known and powerful people in the entertainment industry.

Taking this entrepreneur course has been the best thing I could do for myself. Not only did it grow my mindset, but it taught me how to focus and concentrate on meeting my goals. At the beginning of this semester I could not let go the negative self-image I had of myself. Since I have been able to reflect on who I am I am slowly able to let go of that past image. I now know that I am more than able to reach my goals with the proper mindset and skills. I have come a long way since the beginning of this course. At the beginning of this course we were asked what is most important in life, and when I chose myself I knew after that reflections that I was off to a great start. Putting myself first these last few months has been the best thing I

Have you ever had a miraculous idea? The kind of idea where your head keeps on spinning with intriguing questions, so many that your head might spin right off. Where to start and whose going to pay for it? Is the idea even possible to make? These are a couple of the question racing through your mind. The adrenaline is rushing through your blood steam. You want to tell everyone in the world, but in the real world there are people out their looking to steal those great ideas. Which in turn leads to secretiveness of the idea. In a sense it would be like spilling the beans on the Manhattan project.