Guest Speaker Derek Young

Our guest speaker last Thursday was a man by the name of Derek Young who can most definitely be considered an entrepreneur. When asked about himself Young stated that he has a high aptitude for risk and will continuously take risks just to see what happens as the end result. I think that this is a crucial mindset for any aspiring entrepreneur due to the fact that starting your own business involves a large amount of risk. Young went on to further talk about his other business ventures such as the Tacoma Runner Club and his current surprising success, which is a tool that gathers a wide variety of information on a specific topic. Young did not intend for this tool to be sold because he made it for himself, but he now finds himself with a market full of individuals and companies that really want it and are willing to pay quite a bit to get it. One of the biggest things I took away from him speaking to our class was that rather than focus on the plan of your business just do it and learn as you go because you could end up sitting on a good idea for to long and by the time you finally act your time will have passed. As a whole is was really interesting hearing the perspective and views of someone who has been creating their own business' for awhile and becoming successful as a result. Whether it be a sports team management website or a online consulting company Derek Young has the ideal mindset for the world of entrepreneurship.