Archive for the ‘Opportunity Knocks!’ Category
Posted on October 7, 2008 - by Jeffrey
The Sky is falling!
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Wow, so we have been on quite a run with this recent stock market romping and everyone seems to be losing their mind. While our parents retirements seem to be in turmoil and the economic infrastructure as we know it changing by day, there is hope on the horizon for people in the 20-35 age range.
We are headed for a new time
This isn’t like a depression or any recession that we have ever seen. It’s different. Why? We’ll as explained to me by my colleague Stoppay.
The use of electronic trading has created a new precedent in the stock market and it’s impossible to know what’s going to happen because we have never been able to transact business so quickly in the markets, how can we know what’s going to happen when we have never been here before?
Posted on September 9, 2008 - by Jeffrey
Let me guess…You Have a Great Idea and No Business Model!
What is going on these days with all these presentations at the Tech Crunch 50 having nothing more to offer than a good idea? When the judges ask the presenters on how they will make money, this seems to be the general consensus.
Well, it’s complicated
Are you kidding me? When did it ever become the standard to figure out how you are going to make money after you have a product? How does anyone in their right mind put their life, time, family and money into a business when they don’t have a clue how it will ever generate a dollar?
Necessity is the mother of all invention
Posted on July 23, 2008 - by Jeffrey
The Anatomy of a Good Business Meeting
At this point in my life I have acquired a lot of meetings and been in front of some pretty serious people. I
have learned that there is an art to having a good and productive meeting with a potential client/partner and it is a skill similar to being a good actor. I touched on the importance of meetings briefly in a previous article, but I felt that the anatomy of a good meeting deserved a greater explanation.
An initial meeting usually goes one of three ways in my experience.
- Synergies with potential benefits to all parties, definite second meeting
- Possible synergies but wrong department, maybe get a follow up with the right people
- Waste of Time
As I went to more and more meetings I realized that a lot of them tended to be a waste of time. People going through the motions to fill their day, stroking each others ego so to speak. This is where the screening process comes into play.
Posted on July 20, 2008 - by Jeffrey
Should you ever try Network Marketing?
If you are really in business then you must of herd of something called network marketing. Probably one of the first and most popular companies in this space was AMWAY, you may have herd of them on TV or even in some movies. For instance the Movie “GO” had a scene where the policeman and his wife were trying to convince the gay actors to join the company under them, among other things.
What is Network Marketing?
It is commonly referred to a pyramid scheme and most of them are, even if disguised as something else. The concept is simple. There is usually some sort of product or system that the company pushes as this new niche which is only available to them. I call this part the story, “our founder worked under some of the top ____ for years and now he has started this opportunity to allow you as an individual to get in on the action”, Right…
Then they tell you the breakdown on how you will make money. This is the real pitch of the opportunity and it always looks like a sweet payoff. There are many different ways to join, sometimes there is a fee other times you just need to become a customer. Whatever way you look at it, they are asking you to give them something to join and this is where they make the money. You will be told that the real money is in you becoming a successful distributor, in most cases this is false. This type of business organization relies on more and more people being a part of it to build it up. Getting people to join is the main focus of activities (with their weekly feel good meetings) and putting these people under them is where they get the residual.
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