More tips on start ups; zero to one

Nation building via learning and being the best in business

1.  Visioning

     1  Draw of a picture of what your projects would look like when completed:  entrance, office, landscaping, workspace

         Troy to do this comprehensively   COMPLETO  INCLUSIVE  Be alive be motivated energized by this picture.   You can do a an 

         great one by working with the architect or designer to complete your vision

    2. Draft you VMBP   

    3.  Draw a road map

2.   BE violently  insane  obsessed with customer service  Be like SJ  (Steve Jobs, when it comes to CUSTOMER SERVICE he is passionately fiercely obsessed.

      observing simplicity, efficiency functionality as key features.  Improving customer experience.  Look is important the satisfaction of 5senses.  Want satisfaciton

     CS and COBS

3.  Some billionaire tidbits

     1.  Entrepreneurs go into their own venture to establish control of business and independence

         A  tradesman was working hard and was asked why working so hard/  He said he wanted to earn so much to buy tools so that he can have his own

         contracting company.  

         But the billionaire said:   you are still a working man at the control and service of somebody else:    the general contractor and the owner.

        Why not:   seek contract, consolidate workers and trade and be a general contractor yourself:    you dont need tools  manpower.  All you do is negotiate

         contracts and you get clear profits.     Adds ons % etc.

      2.  On securing funding from vcs and other funders

           They sound so important because of mumbo jumbo but a clear paradigm injected into every ones start up mind.  Input first before business

           You need capital first before you can put business.  What  do you need the capital for:   initial hires, ads, software, office equipment

          But the billionaire said to Arthur who wants a $200,000 start up funding said focus on 3 S:  (YOU MIGHT NOT NEED THE $200, 000)

          SYSTEM

          SERVICE

          SCALE

        So Arthur went home went into a deep reflection problem solving mode.   What does he have, who is market.?  What can he offer them?

        So Arthur concluded that he is skillful  in logistics and there is one logistics problem he is working on.  So he has a list of 300 logistics company whom he

        emailed offering his solution.   One replied.   They had a deal.  If he can solve the company problem by Friday, he gets paid $6,000.  And they did.  Arthur

        got the bank transfer of $6,000.   He spent the $2,500 for someone to code him a program, spent $500 for supplies and saved the $2,000

       So he went into scaling up.  He made videos of his achievement for the first user and sent the gmail again to the rest of 299 addresses  3 replied.  He offered

       $2,000 lease of his software for their solutions.  He got 3 and got contract for $6,000 monthly revenues.  

       After 3 months Arthur was grossing $80,000 a month, enough to gross him $1,000,000 a year

      He met VAnce the billionaire again after 3 months.  Would Arthur still need the VC assistance?   Naw.  You are right with your 3s.  

You dont have to work harder, but smarter to be rich

Nation building via learning and being the best in business

1.  You are the business.  You have your own story, your brand, your grit, your energy.  Show your face

2.  Raise the bar, or burn the bar down  SJ was violent about standards, simplicity  That is why customers love Apple.   What habits are you tolerating low standards?  Be careful of what you tolerate.

3.  From star wars.    Build the parts of your vision before it happens    (Eg Lucas - who built their sets for the galaxy that never exist.  Can you do that for the business you envision)

4.  Conviction beats consensus.     E. g Bernard Arnoux  (LV)  50 year vision

5.  Delete before you improve  (Schumpeterian -  you have to destroy before you build)

     Destroy before you start.   Return to basic principles.  

     A E Del

     Automate

     Eliminate

     Delegate

     A Del2  (Automate,  Delete, Delegate

6.  Energy of start ups build empires  (Alexander the Great)

7.  Draw the dream and build the machine.  Eg. Disney  Land.  Drew the dream and built it.  

     Have you drawn the dream you want to build.   

      

Abandoning the input first mindset to be true entrepreneur start up; provide value/service first

Nation building via learning and being the best in business

We are often living in the mindset  of old businessman - INPUT FIRST.  You need capital to: rent an office, pay employees, etc.   Its an employee mindset.   Poor mindset.  But the businessman in the video a businessman emphasized that you PHP or $ is the last or inconsequential in starting a business.  There are 3 things you must give priority to:

       SERVICE

       SYSTEM

       SCALING UP.

So first find a problem and provide a solution.

Following Vance advice Arthur looked at a specific logistic problem he want to solve.   He emailed 50 logistics company and until he finally got one respondent.  He would be paid $6,000 if he got the solution by Friday.  Then he got his $6,000.   He having now proof, emailed the rest of the 49 who turned him down, and offered $2,000 monthly subscription for using his solution.  He got 3, grossing him $6,000 per month.  He eventually grossed $8,000.

So Vance was right.   

Input paradigm shouldnt exist in the mind of the entrepreneur

Top 10 industries where becoming a billionaire is possible?

Looking forward to the future of business

Do you have the skills?  Do you have anything to invest in these?

Ronald Perelman - cost cutting good for corporate America but not for jobs

Ateneo Professor on Entrepreneurship

Reposted from Moneynews May 3, 2013 by Dan Weil

Ronald Perelman, a billionaire, noted for his Revlon, said that business will grow stronger, thanks to cost reduction, but that is not necessarily good for employment and job generation.  Thus corporate profits do not necesarily translate into employment opportunities.

That must be made clear to economists -  a strong stock market does not mean more jobs.