Week 1 Reflection

 Week 1 Reflection:

In Tucker and I’s first week on creating our business and building a business model, we were able to aspire to our desired goals and expectations. Although we got off to a slower than usual start due to AP exams, late work, and baseball, we were able to reach our expected goals for the week. We began the week by planning out our goals for our senior project and projecting how long certain things would take, while also strategizing for how we will orchestrate in the summer. Although some of our long term goals may flow into the summer, we still have a lot that we expected to accomplish before the conclusion of senior project. We began by registering our business under the name, Happy Wheels Detailing LLC, which was an interesting process to say the least. We learned that New Hampshire is one of the best states for starting a small business which very much helps for our position. Registering as an LLC was also the best move as we discussed this with our parents and other mentors that have had prior experience running their own businesses. We also learned that starting a business has its easier parts as well as its difficult parts. Running a business at 18 years old is always challenging but doing it together with a partner that has equal integrity and eagerness is so helpful and it makes the challenge more interesting. In registering our business we also began the finance side of things using Square which enables us to incorporate a website along with booking software to organize everything into a close space. We were able to make very good progress using this software which will help us a lot in the summer and in the later future. We are still waiting to hear back from the state about the registration process of our business and to clarify that it has been done successfully, but while we wait we anticipate another week full of progress and work. We are expected to get most of the logistical side of things done like finalizing our website, getting some social media stuff done, while also working on more legal and possible insurance policies for the company. Once we do this, we will start to work towards the actual detailing process and see how well our business is able to function. I am really enjoying our project so far and I think it’s educating me a lot about the real world. Business and finance is something I am really interested in and is related to what I am going to school for which is super exciting and helps me prepare for my future. This project is going very well and I’m eager to see where the next week and a half takes us.