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I like business ideas. I started watching the show "The Profit" with Marc Lemonis last year. It came on after Sharktank, which I also like that show. This guy, Marc Lemonis, is a pretty sharp character. I believe his main business is CampingWorld, or he has a majority interest. He was integral in getting that company to sponsor the NASCAR "CampingWorld" Truck Series.
Marc strolls into a financially struggling business and looks for a way to write a check to get the business the money it needs to get on the right track. He also takes a big share of ownership and takes 100% control of the People, Process and Products. It is usually a very humiliating time for the owner of the struggling business as Marc points out every little flaw about the person and their business. I admit, some of the owners needed a kick in the butt to get their head back into the game. There are other people that are so busy trying to keep their heads above water financially that they were unable to make any big changes.
I have read the book "The Magic of Thinking Big". Marc Lemonis has the thinking big in every situation. He has an episode with a woman that has a popcorn stand at an amusement park, and he immediately jumps into producing bags of popcorn to ship to stores across the USA. He does the same with a little candy shop that has been operating in a residential area.
It will be interesting to see how his partnerships materialize. This is only the 3rd year of the show, so the businesses Marc has invested in are still in the infancy of his changes. I would recommend the show to entrepreneurs. The show has a lot of good moments about business ideas, personal relationships in business, and budget/expense forecasting. The episodes are real people in real businesses.
I have never been able to hold a grudge or ill will towards others. I was always taught to forgive and release the anger from my heart. When things are happening bad to you, it is somewhat a reaction to want to invoke some type of revenge on the other party. If you over react, and do something harmful to the other person, you may face more trouble and/or continue the bad situation.
There is a saying "What comes around, goes around". And that statement has come true for me many times. You may hold the upper hand today, but you may not in the future. So, use your power cautiously.
One incident that greatly affected me occurred when I was 12 years old. I was pretty good at sports (not great, but not bad). I loved playing baseball, and practiced every moment I could. I was good enough to make the All Star team for my little league. I was so proud and excited when I made that team.
The coaches of that team were a few young guys (mid 20's) that had grown up playing in the little league. They were given their first chance to take over the All Star team, which was an honor for them since usually the coaches were the long time organizers of the little league. They were now given the reins and responsibility. I was only 12 years old, but I could see that these guys were big kids rather than mature adults. At first, I was kind of happy because I thought these guys wouldn't be so strict like the older coaches.
These young coaches started out very serious, but that didn't last long. We practiced everyday, and with each day they digressed into saying smart aleck, sarcastic comments all practice. They tried to get kids to start doing the same thing to other kids on the team to gang up on a particular kid. They were just a bunch of clowns that didn't know how to supervise kids. As you can imagine, the wise cracking got around to me as the victim at some point, and the fun of playing baseball abruptly ended for me. I quit the team because I wasn't going to allow them to harass me. This ended my friendships with several of my teammates permanently as they continued to talk about me after I quit. It was quite devastating at the time, as I was very upset and isolated. The further frustrating part was that my parents, nor any other people at the little league put a stop to this ridiculous behavior.
There are various reasons for small businesses not succeeding. The first reason I would say is that they lack having a system oriented approach...like franchises. The small business usually doesn't have a policy manual to follow. They make decisions based on reacting to what is happening at the time. They don't have a training manual or procedure to keep focus on what everyone's responsibilities are.
1. Budgeting: There is rarely a money or budget system in place to manage expenses or plan out purchases. If money is available, they buy what they think will get them more money in the short term.
2. Disagreements and decision making: There are usually disagreements or fallouts among the business owners, managers and employees. When the business starts, no one wants to think of how to deal with disagreements because everyone is positive. When disagreements start, there is no format to follow for who has the power to make the final decision. And, there are some people that don't want to be the person blamed for making a bad decision, so they stay quiet, and wait for the opportunity to blame someone else.
3. Competition: There is always competition popping up. I once worked for a restaurant that was the first delivery Chinese food in our city. As soon as we got super busy, and the word got around, there was 7 new Chinese delivery restaurants within 2 miles of our establishment. Of course, most all of the restaurants failed because of over saturation of the market.
4. Changes in customer habits: There have been multitudes of businesses that failed due to customers changing their routines. When Wal-Mart came to town, they knocked out a lot of Mom and Pop stores who couldn't challenge Wal-Mart on price. We hardly have an independent grocery store in town. Only in the low income areas that other stores wouldn't locate a chain store in the neighborhood because of crime and poverty.
I remember starting blogs on here and enjoying the site and how good this platform is. This is my favorite blogging platform and this started my blogging carrier. This might be my last time on SETT or any other person during this "discontinuation"! Bye SETT.
After reading Tynan's post on it at the beginning of 2012, I switched over to DVORAK, and its worked out great. I'm pretty sure I type faster now, and I find it easier when writing code. The thing that messes me up lately is when I have to use other computers, like showing a family member something or at work. I sort of retained QWERTY in that when I look down at the keys, I can type at somewhat normal speed, but when I look away I lose it. It doesn't work too well though, and I end up with a lot of errors I'm not aware of cause I'm looking down. Also, I find that the more I try to reacquaint myself with QWERTY, it begins to mess up DVORAK. Any suggestions on retaining both without screwing up one or the other? Thanks
Does anyone on here know if there is any way to find out where a real call is coming from when someone is using a spoofed phone number? We talked to the local police department and they said there isn't much they can do. I'd just like to find out for sure if these are all coming from a company.
Backstory: Recently our home phone line is receiving unsolicited calls pumping us for information on apartments we have for rent. We use a cell phone for business so we know anyone that calls the home line isn't looking for an apartment. I know these are unsolicited as they are always out of state area codes on the caller ID and when they say where they are from, it never matches up....so I think that they are spoofing their phone number. The caller always says that they saw an ad on google or another website that we don't advertise with, I tried to search those sites and nothing comes up, so I know it's not a robot pulling my ad from the site I use....When we ask for a name, or to set-up an appointment, they never want to leave their name or set-up an appointment. We think it's either a real estate company looking for information on price values in our area, maybe a listing agent, or property assessor, but it's getting annoying and just want it to stop.
I'm thinking about hosting a under 25 freelancer meetup in San Francisco, would anyone be interested or know anyone that might be interested?
I want it to be structured so that everyone who attends will be discussing in depth about their freelancing and actually engage in conversations to help eachother and talk about their freelancing experiences.
Great book Tynan, thanks for writing it!
One habit I'm trying to get into is making notes and mind maps of books that I find useful. Here are my summaries below:
I have been thinking about possibly purchasing a 'hobbyist' membership, but PayPal isn't an option. Will this be changed? Im juggling between Sett, Medium and Ghost - not sure which I'll stick with, but if I am unable to pay via PayPal then I will have to stick to a free account.
Good says by OnlineBingoPoint...
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