Monday, April 23, 2012

Tech Venture Micro Lending

Ever wanted to learn what it takes to bring a business idea to fruition?
Does it take a great idea to make money?  Does it take great marketing?  What kind of team do you need to bring together to create a great product?  At what stage do you create a business plan?  Where do we get funding once we can prove it will be profitable?

A great group of guys and I were assigned a project where we were given somebody else's WORST business idea and turn it into a viable and profitable business.  We had a week to create a commercial.  Here is the result.

Let me know what you think. Is this a viable business model?  Would you want to participate?  Would you care?

First draft:

Monday, April 16, 2012

Black Founders Conference 2012

I've been out of touch lately. So out of touch I missed the Black Founders Conference "Ideas are Worthless 2012".

This conference took place April 11th, 2012 and it's a "forum to connect, educate, and inspire every attendee towards execution. Hosted by Black Founders Startup Ventures and Goodwin Procter LLP, the conference will bring together a diverse perspective of tech entrepreneurship, while providing a platform for emerging companies, entrepreneurs, and investors to connect and take action."

This conference helps small business owners and startups geared toward tech to take that next step, whatever that next step is.  It's great to have an idea but what's the point if you don't take action towards bringing that idea to fruition.  These guys come to NY once a year and there are many others out there.

This was my basic premise for 2011 and will continue throughout 2012.  I have a boatload of ideas in many different areas and many have come to fruition ... some profitable and more of them absolutely NOT profitable.  I have plenty of ideas that have been brewing and many more will fail and many more will be successful.  Honestly, all it takes is one decent idea and great execution to make it happen.  

I constantly hear people talk about how rough things are in this economy.  More millionaires are made during a depression than any other economic cycle.  Get off the couch, put it to paper and get started!

Tuesday, April 10, 2012

A Setback is a Setup for a Comeback.

"A Setback is a Setup for a Comeback" 
- Willie Jolley

What better place to restart this blog than Mr. Jolley's quote?  I don't know if he coined it or not but this is the first time I heard it.  I thought about restarting this blog many times but 'life' gets in the way so to speak.  Some people call them setbacks.  Me, I had to dig deep to remember Willie's quote!  

7 Rules for coming back

1. Refuse to accept defeat - Laugh in the face of disaster and get on your feet.
Many of us give up too easily. We need to realize that every failure brings us closer to success.

2. Decide to fight - Manage your emotions and take action.
The latin root for Decide means to cut off from ... when you make a decision you "cut off" all other options. Put yourself in the mindset that you have no option but to move forward with this goal. Think of the Trojan warriors (Trojan Horse).

3. Get Mad - Well, you're probably already mad but you need to use that pain as fuel and take action.
Get over it, go back to your plan and do what you need to do to make it happen.

4. Get Creative - What's that saying about life giving you lemons? Turn trouble to your advantage. Choose to see every situation as an opportunity for a second chance.

5. Focus on results - Why focus on anything else? Your results are the outcome of  your actions.  They provide a place for you to sit back and evaluate what was done and how it was done.

6. Take a chance - "Good things come to those who risk!"

7. Enjoy the ride - after all life is a journey and your destination will always be there so enjoy the journey.

Seduced by a K.I.S.S.

We have a million things on our plates, projects, plans, family, school, new ventures, etc.  My original idea for this blog was to keep it strictly finance and maintain other blogs for other things.  But over time those blogs have also fallen by the wayside.

When things got crazy everything stopped.  So today an acquaintance showed me her blog and one of the themes was to K.I.S.S. (Keep It Simple, Simpleton!).  So after work, followed by a board meeting and a late dinner with a friend I decided to rethink my blogs ... this one in particular.

The original goal of this blog was and still is to educate readers through my experiences.  I think I may have kept it too narrow because I didn't include many of the projects I have been working on.  All of my endeavors on this "Quest" are helping to attain the goals of being financially independent so why not include them?

Join me on my journey for financial independence as I continue on my "Quest for Dollars"!