BUS 374 Week 6 Reflection

    This week, the focus was on revenue generation. While I know that revenue is what makes businesses work, I never spent much time thinking about where the money originally comes from. I think about the show "Shark Tank" and think that all companies must have investors and then they just go from there and either make money or don't. So this week was very informative in all the internal and external ways companies can generate revenue.

    The activity this week was very interesting to me. I have been using Parents Helping Parents as my example for a non-profit organization. It was interesting to take an actual company and find they ways they generate revenue. I was surprised to see that it was multiple avenues and not just one. I learned a good deal from this activity. 

Does money buy happiness? Can money change the world? 

    I don't think that money buys happiness, but I do think it makes it a lot easier to get there. Happiness is a state of mind and that means a person is able to be happy in whatever circumstance they might find themselves. However, that might take more effort for some because of the situation they are in. If someone doesn't have a safe place to live, adequate nutrition, or access to clean drinking water, it is going to be much harder to find happiness. This is where the next part comes in. Money can change the world. Even if that just means changing it for a small group of people. If there is a community that cannot afford the basic things like water and medicine then they are not able to do much to improve their situation. However, with the means to make money, like a goat that provides milk to sell, they can begin to change their world.

    This also makes me think if the saying, "It's really expensive to be poor." This is as simple as a pair of shoes. Someone with little income might only be able to spend $20 on a meager pair of shoes and someone better off financially spends $60.  The $20 shoes are not high quality and have to be replaced often causing that person to spend $80 over time replacing the shoes 4 times in the same amount of time that the $60 pair lasts. This is just a small example. Those with lower incomes generally have lower credit scores and are required to put deposits down for gas and electric bills or higher deposits for rent. This is money that they struggle to have and someone in a different financial position can afford it, but isn't required to do so.