Viewing posts from November, 2012

1 year, 11 months ago

Validation, that vital step!

Truth be told, OnwardPacks started as a senior thesis. With a team of 4, we created the business model from scratch, along with our backpack designs and giving model. It was an academic lesson, but when I launched in June, I found that I done so much research that the transition from academic to reality wasn’t a hard one. Let me break down the business model for you:

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Jack Hall - Contributor

1 year, 11 months ago

Screw it just do it.

"It is better by noble boldness to run the risk of being subject to half of the evils we anticipate than to remain in cowardly listlessness for fear of what might happen"~ Herodotus

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Coy Vernon - Contributor

1 year, 11 months ago

Why Asset Protection?

Asset protection has become a topic of great interest to professionals, executives, business owners, and real estate developers. In today's fluctuating economy, tough credit market, professional malpractice, toxic waste liability and increasing exposure to tort and contract claims have increased the focus on how to lawfully protect one's assets from creditors. However, asset protection planning is not just for high paid professional executives and the super wealthy.

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Michael Figueroa - Contributor

1 year, 11 months ago

No? What's that mean?

No. Its a word we all have hear growing. Its one of the simplest ways of saying that something will not work. Nonetheless I have come to view the term "no" as simply meaning try harder.

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Coy Vernon - Contributor

1 year, 11 months ago

The Shift

One of the most important things when you are about to make the shift from employee to self employed is to take some time to asses your current financial situation- what are your reserves? Do you even have reserves? How long do you have until your reserves run out? This is going to be your timeline to make your business start to bring in income. Do you have a spouse and does your spouse make enough to provide for both of you while your business gets going? Think of this as a chess game, you have to make sure that your moves are strategically planned out and if you fail to plan right and run out of operating funds- basically you cant afford to run your business and can’t afford to pay your mortgage, rent, car payment, etc., you’ll be forced to do one of two things- either rejoin the workforce or find an investor who will front you capital in exchange for interest on all money borrowed and/or a percentage of ownership in the business. However you need to be very wary of some venture capitalist as they may insert a few provisions in the operating agreement that will allow them to effectively remove you and take over your business (I have seen this happen). So be careful and be sure to take the time to plan!

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Coy Vernon - Contributor

1 year, 11 months ago

Fight wars. Not battles.

So often as people we allow ourselves to get caught up in little battles that do not matter for nothing more than the sake of pride- which is really nothing more than little childish games. Your going to do nothing but waste precious time (not to mention annoy a lot of people) if your constantly playing little one up games and obsessing over coming up on top of every battle.

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Coy Vernon - Contributor

1 year, 11 months ago

Adversity? Just smile.

Smile. Any challenge, hardship or whatever is only going to make you stronger (and you really have no choice but to deal with it so you might as well smile). I was doing a study on a lot of the great leaders in history; Marcus Aurelius, Alexander, Catherine the Great, our Founding Fathers, Abraham Lincoln, Teddy Roosevelt, etc. The one thing that I realized that all of these great leaders had in common was a massive ability to persevere any hardship- and none of these leaders had easy lives- can you imagine what would have happened to our founding fathers if they had lost the Revolutionary war? Teddy who was known as a the Bull Moose was wrought with illness as a child and I am not even going to begin to go into detail what all of these leaders had to endure in their lives. But nonetheless- every adversity they faced only made them stronger and better leaders. So nowadays when things are hard I have taught myself to simply smile and say “this is only going to make me better and stronger”.

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Coy Vernon - Contributor

1 year, 11 months ago

Film isn't dead yet. But it will be.

Up until the 1990s, quality filmmaking was reserved only for those who could afford the enormous expense of emulsion film. Color negatives of a 35mm film will set you back about $400 - $600 per roll. At that rate, color negatives for a 90-minute feature will easily cost you $15,000 (but probably a lot more).

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Zacharia Lorenz - Contributor

1 year, 11 months ago

Think about it.

So what exactly is your business?

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Coy Vernon - Contributor

1 year, 12 months ago

Rate My Teammate

Working with the McGuire Teams recently, I came up with a website I want to build. There have been many occasions that I have had to select a team to work with on a project without any background information on any of the members. This is absured, why am I making a decision that will affect me for the length of this project when I have so little to base this decision on? Assigning a team is just as stupid. The entire class is worse off than if members selected their own teams. When you have background info on some of your choices, you can select people that you work well with. 

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Will Farley - Webmaster
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