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THE STAKES GO UP AS YOU BUSINESS GROWS…

When you are first launching your business you have all the time in the world to experiment. Every day is an experiment and trying new things is a way you can gain ground and get ahead. If and when you start to gain traction your decision to experiment should come under more scrutiny. Your business is not just some cash machine, well it is, but it’s more than that. It is a direct releation of you and the type of person you are. Once you have begun to generate revenue, you need to protect the businesses image, and since you are connected to it; your image as well.

Now that you’re generating some revenue

Like I said above, the minute you start generating revenue and/or have some sort of following, things change. Don’t give in right away… Say you are approached with an opportunity to do something, the payoff is little or none but you are so excited to have an opportunity that you jump on it. We have all done it, but I encourage you to really think about your options in these situations.

1. Think how this may effect your image?
2. Is it something you would feel comfortable talking about to friends and family?
3. Are you compromising your ethics for a buck?

All these are questions you should think about as you grow and continue to experiment. Be strong and have the balls to experiment, but always do your due diligence first. Patience.You can leave a response, or trackback from your own site.

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So I have the G1 with Android. I know the new phone (my touch) came out but I decided to wait since they recently announced about 15-20 new android devices in the next year. Being with T-mobile and having 3 lines just for the sake of upgrades is nice as well, but somehow I managed to make all 3 lines expire in February. So much for the staggered upgrade strategy, I guess I’ll just have to stagger them after February, good thing it’s my birthday 

But I digress…

I have a Google voice account and Google Inc. just released  hreftheir version of the Google voice application in the market. It was immediately hit with bad comments due to its methodology, too bad that people don’t bother to read instructions. This is an awesome integration of Google voice directly into the OS. All you have to do is add the Google voice toggle icon onto your home screen. Then you can instantly switch between your actual phone number and the Google voice number, and unlike the other app in the market called  href it uses all the same dialer and contacts to do stuff.When you make a phone call with Google’s app it actually shows a little Google voice icon on the bottom of the screen, very cool.

There are a few missing features in Google’s application, but nothing that can’t be fixed with a simple upgrade. The main thing is that you can’t select do not disturb through their app, but you can always use both!

Now all i need is the ability to add multiple numbers to google voice. It would be nice to have a number for the east coast, west coast and a international number say in London wouldnt be to shabby either.You can  href

DO YOU KNOW YOUR PAPERWORK?

Everyone has herd the popular statement Cash is King, and it’s true for the most part…but I would like to expand that a little more. More and more these days you can say that Paper is now king. We see it everywhere; from contracts, permits, letters of intent, certifications…and the list goes on. The point here is that if you learn how to do your paperwork correctly it is pretty much as good as cash.

Most people I know start out in one of two ways, its either cash heavy and paperwork lite; or vice versa, cash lite paperwork heavy. Let’s dive a little deeper.

*Disclaimer – It is better to start period than to never start at all, I am making a suggestion as to a possible quicker less painful start. However it is far better to start and f*ck up, then to never take a shoot…

Cash Heavy – Paperwork Lite

This is how most people want to start out. A nice chunk of cash in the bank so that you can really make some moves. I mean you know the saying “it takes money to make money”, and a lot of times that may be true. The problem comes in when you don’t understand the value of money and or know your business enough to make these decisions, but that doesn’t stop people and it can end up being a disaster. It is easy to spend money, and that’s usually what happens. You put all your money into one deal and tie it up, then you spend all this time trying to make something of it. Seems a little backwards to me? Plus now all or most of your cash is on the street and you’re stuck. Even if you make it past the initial hurdles, you will still have to learn the paperwork side of your business…so learn it up front!

Cash Lite – Paperwork Heavy

This is how most people should start out. When I was first starting out on my journey to do my own “thing”, someone once told me; “In business you always have two assets, time and money. These usually work in a sliding scale mentality meaning you have more of one in proportion to the other, but they are both equally as strong if used correctly.”

Not only did I agree with that statement, it also made more sense to me, I almost felt that in my “gut”, it was the right way to proceed. That and the fact I had no money at the time! Some people like to call it due diligence, I like to call it knowing the paperwork… Use your time to learn everything you need to know, then leverage your money the best way possible! Some of the biggest deals by the biggest players have been done this way .

Example: Donald Trump sold the 33st rail yards in a deal where he didn’t even have the signed contract back to buy them yet. This is where the Jacob javits Center currently resides. Now that’s a sweet no money down deal!You can leave a response, or trackback from your own site.