1. The first year we only did $400,000. Instead of being happy that I launched a successful and very profitable business I was depressed that we didn’t come close to [my goal of] $600,000 to $750,000. Of course my advisor made me feel even worse and he kept on telling me I was the [...]
Tag Archives: LEARNING
Notes on L3C’s: a New Form of Business Entity
May 11, 2009 –
L3C
A new type of LLC designed to attract private investments and philanthropic capital in ventures designed to provide a social benefit.
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Overview of L3C (Tim Storrow):
In May of 2008, the State of Vermont passed legislation enabling the establishment of “low profit limited liability companies”, called L3Cs, to facilitate the flow of philanthropic investment capital [...]
Notes: Business Model
May 11, 2009 –
A business model is the architecture of a business or project. It has four elements:
1. What compelling reason exists for people to give you money? (or votes or donations)
2. How do you acquire what you’re selling for less than it costs to sell it?
3. What structural [...]
More Notes
May 11, 2009 –
Never be worried, be concerned and then take action
* Make doing business with you easy and fun.
* Don’t look at your weaknesses, focus on your strengths.
* Choose your priorities wisely.
* Learn to say no.
* Dismiss [...]
Notes from Bob Phibbs
May 11, 2009 –
Entrepreneurs are by nature optimistic. But when you let negative energy wash over you whether from a co-worker, family member or the media, you are damaging the very captain of your own ship.
Garbage in = Garbage out.
You are counting on You. Until that realization and acceptance of the fact is dealt with, you will be [...]
Financial Management
May 11, 2009 –
Prepare cash flow projections for next year, next quarter.
Get rid of old outdated inventory for whatever you can get!
-sale rack
Take advantage of full payment terms.
Financial Management
May 11, 2009 –
Prepare cash flow projections for next year, next quarter.
Get rid of old outdated inventory for whatever you can get!
-sale rack
Take advantage of full payment terms.
Managing time wisely
May 11, 2009 –
Use a daily planner and track your time for two weeks, analyze and go from there.
Stick to the schedule
Delegate what you can
10 Skills You Need to Succeed at Almost Anything
May 11, 2009 –
1. Public Speaking
2. Writing
3. Self Management
#### Strong Organizational Skills
4. Networking
5. Critical Thinking
6. Decision Making
7. Math
8. Research
9. Relaxation
10. Basic Accounting
Homemade Lightbox
April 1, 2009 –
http://www.studiolighting.net/homemade-light-box-for-product-photography/
