Monthly Archives: September 2013

From Venture Capitalist to Entrepreneur

Title: From Venture Capitalist to Entrepreneur
Date: 2007-10-03
Speaker: Donna Novitsky (Big Tent)
Link: Entrepreneurial Thought Leaders
 
When seeking first funding think about what is the next inflection point where I remove risk from this venture?
Align milestones with rounds of funding.
There are only 24 hours in a day.
Go big or don’t go.
The best V.C.s are former entrepreneurs and operating executives.
V.C.s work primarily at a strategic level.
The entrepreneur’s job is execution.
Build the best team you can possibly build.
You can’t do it alone.
Incredibly bright people can fail because they are afraid to delegate.
Balance takes place over a long period of time.
Learn to juggle.
You have to be able to spell a company name. You have to be able to get the URL. It is helpful if it is memorable.
People find all ways to contribute far beyond their job description.
Wall Street asks different questions than customers ask.
Cash is king in a startup.
Spend the company’s money like you spend your own.
Before you can market you need to have marketing strategy.

Social Networking 3.0

Title: Social Networking 3.0
Date: 2007-08-16
Speaker: Tony Perkins (AlwaysOn Panel)
Link: Entrepreneurial Thought Leaders
 
Everybody who is an Internet user will be participating in social networking.
A lot of social networks evolve out of real world social events.
The long tail gets powered by social networking.
Anything can be enhanced with social tie in.
There is going to be a social network for every interest.
It is never game over.
Continue to focus on innovation.
The game is just starting.

The Positive Impact of Entrepreneurship in the American Economy

Title: The Positive Impact of Entrepreneurship in the American Economy
Date: 2007-08-06
Speaker: Carl J. Schramm (Kauffman Foundation)
Link: Entrepreneurial Thought Leaders
 
You’ll likely hold four jobs before you’re thirty.
More than half of jobs in this economy are created by firms less than five years old.
Only in America can people take risks with near immunity.
America is a nation of entrepreneurs.
Every entrepreneur is a social entrepreneur.

A Method For Outsourcing Your Job and Living in the Developing World

TMBA28 – A Method For Outsourcing Your Job and Living in the Developing World
Link: Tropical Talk Radio
 
If you are a manager do not quit your job. Convince your boss that you need to outsource.
The Philippines is the second largest English speaking country in the world.
Cutting costs is not just dollar for dollar. It is overhead, insurance, office space, computers…
If you’re not happy with your job get out of it. Get into something that is an opportunity for you and evolve it to where you want to be.
Getting the deal is the most important part.

Use The Recurring Revenue Test to See If Your Product is Dead on Arrival

TMBA27 – Use The Recurring Revenue Test to See If Your Product is Dead on Arrival

Link: Tropical Talk Radio

Your product is going to get commoditized real quick.

Don’t go to retail until retail comes to you.

If a product is just used to build a list then you could be building the wrong product.

Make your marketing budget an asset for you.

Offshore Incorporation 101 For Internet Business Owners

TMBA26 – Offshore Incorporation 101 For Internet Business Owners

Link: Tropical Talk Radio

 

Get accountants and bookkeepers early on.

Get a bookkeeper in year one.

Get an account when you have employees and inventory.

International tax consultant only if really needed.

Foreign Earned Income Exclusion Act excludes about $97k in personal income if you’re outside the U.S. for at least 330 days a year or by qualifying for residence.

You can look into foreign subsidiaries. You can leave profits in those companies indefinitely.

If you’re going to be doing business offshore you want to have an entity in a respectable location that your customers will want to do business with.

You have to tell the U.S. government about every bank account that you open.

“If You Cannot Exercise This Kind of Control in Adult Life, You’ll Be Totally Hosed”

TMBA24: “If You Cannot Exercise This Kind of Control in Adult Life, You’ll Be Totally Hosed”
Link: Tropical Talk Radio
 
The most important and obvious realities are often the ones that are hardest to see and talk about.
The exact same experience can mean two totally different things to two totally different people.
You have options on how to think.
You get to consciously decide what has meaning and what doesn’t.

The Rule of 6 (Plus 5 Sociopathic Tactics)

TMBA23: The Rule of 6 (Plus 5 Sociopathic Tactics)
Link: Tropical Talk Radio
 
Blog: Built to Sell
Book: Valleys of Death
You can only handle six high-bandwidth relationships in your life.
You are subject to this rule whether or not you choose your six.
You are better off if you choose your six.
You are better off if you cultivate your six.
Talk less.
To be interesting be interested.
Humans are visual creatures. Dress one peg above the people you want to influence.
Provide massive amounts of forward paying value.

4th Dimension Copywriting (and Why You Shouldn’t Bother with Keyword Research)

TMBA22: 4th Dimension Copywriting (and Why You Shouldn’t Bother with Keyword Research)
Link: Tropical Talk Radio
 
Get a job working for an entrepreneur. Preferably at a small firm so that you get more facetime.
Use Shopify if you have more than 25 products.
80% of conversion analysis comes down to your relationship with your customers. Page layout, branding, etc. make up the other 20%.
The fourth dimension of copywriting is your relationship with your customer.