Reflective essay about the guest speaker Essay

I require been effrontery the opportunity to attend one of the lymph node speaker events to write my reflective essay on. The thickening speaker lecture I attended was a fair sex who had her own wedding fraternity and as years went on she kindd it to just focus on wedding cakes, instead of dresses and wedding events and so on The speech was very useful as the business student it gave me a wider knowledge and ideas for the future and I am so glad I attended because when you hear about another persons excursion through their business it helps you to actualize more and focus on whats authorized.She also intercommunicate about the change in her technique to contest competitors and blending techniques which she said in her speech Niche was to give her clients incisively what they loss when theres conflict within the wedding political party which you would understand when you ar appropriateting married you want everything to go abruptly for your gravid day and everyt hing to go how you planned it. So making the cakes she had to garner sure curiously for wedding cakes she always acquits sure it is exactly how the clients asked for so there is no conflict and issues as a client it would be devastating seeing a result of the complete opposite of how you cute the cake to be. Its always important to keep the clients happy and impress as it plays a big part in the keep caller-up and you would want pot to leave good and positive reviews and thats how you build your company.The leaf node speaker also mentioned the economic climate which is a general characterization of the overall mood of the global economy or of a regional economy, which captures the status of the stock market, the perception of the economy by consumers, and the availability of jobs and credit. tune decisions such as hiring, borrowing, lending, and investment in new initiatives are a good deal strongly influenced by the overall economic climate. The economic climate for h er company was sweatshops because they subscribe to been a factor in the production of goods around the populace for centuries provided the globalization of business has led increasing numbers of major corporations to take advantage of low-cost sweatshops labor in developing cypherries. fresh examples of sweatshop conditions in the garment industry have caused an international outcry by Labour leaders and government officials. This whole situation made the wearable cost less than the retail price of fabric. Also, it all depends on the indicate market on who it is targeting at and in her company she had a deal of people that were size 14 plus. The recessions in the 1990s Were she wasnt making enough money and it made it difficult for her to hold on to the business, the usable income reduced as well as the wedding cakes were considered elastic products which meant the sellers and buyers determine their demand for the good product when the price changes.Also, the guest speak er spoke about the disadvantages that affected her business was the changes in the law 1990 health and hygiene regulations. She spoke how this was a big impact on her business because of ever-changing fashions and finding ways to keep up with the times and the little things count in maintaining a high-quality brand. All these things were really important towards her business because if you siret follow the rules and regulations it can cause a danger to the company and she could lose it all. The implications of changing environment were keeping up to date with change as it plays a big part when having your own business and you are responsible for following and researching changes in the law. Attending wedding fairs was a find out for her to promote her business and give our business cards and people to get a taste of her company so they knew what the service and goods are if they cherished her for the future upcoming events. Along with that she also mentioned how she had wedding cake competitions which she enjoyed but you have to compete with others so clients come to her and not the other companys. It was all about having the good product and knowing what the audience love, although it was a competition it was also about learning new techniques from others and others learning from her and how they do their design. She explained how learning from others isnt always a bad thing, sometimes its good for you as if give you more ideas on how to improve and have better skills than what you already have and know.The pricing strategy is also important as she had to access the cost by monitoring the prices of competitions and having the interactions with customers have changed because of the meshing where you have social media like Instagram, Facebook or your own business website where people have easy access and can easily contact you via meat asking for quick information and you have other people who are already your clients writing feedback which catches other peoples attention as well.She spoke how if it was profitable, and explained that yes the wedding dresses were more profitable as there are the wedding every season of the month and the love of weddings, where every woman wants to look perfect with the perfect wedding dress on the big day.During the guest speaker event, I am so glad to have attended as I have learned many things from the guest speaker speaking about her company. She has motivated on helping me micturate ideas for what I plan for my future business/career. She also taught me that it is important to be up to date with the rules and regulations and always do research on anything especially when having your own business or if you wish to. You also need to rally of contingency measure in different emergency and situations, doing this will make sure the events you hold or the finished product will be carried out smoothly with no conflicts. How I intend to implement ideas gained in the event to boost my future career, is by attending more of the guest speaker events and be involved when there are events going on to help me boost my confidence, doing this I know it will help me to understand more and also because I am studying business in most of my modules it helps me to understand each day. Doing research is really important onwards thinking of having your own business so it gives you a wider knowledge and keeps you informed of the advantages and disadvantages.ReferencesWhat is economic climate? interpretation and meaning (2017). Available athttp//www.businessdictionary.com/definition/economic-climate.html(Accessed 26 November 2017).Sweatshops facts, information, pictures Encyclopedia.comarticles about Sweatshops (2017). Available athttp//www.encyclopedia.com/social-sciences-and-law/economics-business-and-labor/labor/sweatshops(Accessed 26 November 2017).