From the lesson Business plan for startups
Tue, 21 Apr 2009 21:41:52 -0000
oops… looks like only a partial of the plan made it in the post. Looks good though—what is there.
oops… looks like only a partial of the plan made it in the post. Looks good though—what is there.
The way I look at it is: There are two results that you observe and a variable action (or set of actions) and thought pattern.
1. The desired (expected) result(s) – when you achieve what you want through your thoughts and actions; this is what we desire.
2. Other-than-desired result(s) – when you do not achieve what you want through your thoughts and actions; this just means we did not use the proper thought(s) or action(s) and we need to change our thought(s) and/or action(s)
So, if you don’t get the results you want, change your action. You may even have to change the way you think about the results you desire.
World-renown authors Mark Victor Hansen & Jack Canfield (Chicken Soup for the Soul series) were turned down by 126 publishers before someone agree to publish their first book. They have now sold over 112 Million books and according to a recent Harris Polls, 88.7% of the public recognizes the Chicken Soup for the Soul brand and knows what it is.
Colonel Sanders was turned down 1009 time before he found someone to accept his then not-so-famous fried chicken recipe which is now famous around the world through the Kentucky Fried Chicken brand.
By many accounts, it took at least 2,000 separate experiments and maybe as many as 5,000 to 10,000 experiments, sub- experiments and tests before Thomas Edison perfected the incandescent light bulb… and then it really wasn’t “perfected” it took more than another century for the introduction and wide-spread acceptance of the CPL light bulb.
So, just because you don’t get the results you desire doesn’t mean you should give up – just try something different!
Best Regards, CL Webb
Thank you Harikishore – I’m glad that the resources I provided were of great help to you.
I am always here to help those who are seeking to enrich themselves and others.
It depends if the YTM is the result that the company sold at the discount or the buyer bought it on the open market for the discount.
If the company sold it at the discount, the ATCD = 8.4%.
If the company sold a par, and the market is discounting to the 14% YTM, the ATCD = 7.2%
“It’s your attitude, not your aptitude, that ultimately determines your altitude.” - Zig Ziglar
I must agree with your assertion Meri… and the reason why I feel teachers train their attention towards the schools/organizations is because that’s where they receive their performance evaluations, paychecks, etc. (and not the students). (Well, actually the taxpayers in most cases and the parents in the other cases pay them – and not the organization – but that’s another argument.) So, teachers actually feel they have to satisfy those who hire, fire, evaluate, reprimand, and hand them a check.
Online, since the students (or parents) actually pay the teachers, and the students (or parents) actually select their own teachers, teachers are thrust into the competitive nature of being a service provider.
This being the case, I find that online teachers will realize that the focus must be trained towards the students and their needs in order to thrive (as any other business must do to thrive).
Anyway, that’s my story… and I’m sticking to it.
Great lesson RK!
As DK’s post indicated, it’s like a lesson of lessons. Every frame a reminder of what we know we should do (or not do).
I often find that the case—that there is a gap between what we know, and what we do. A daily reminder like this lesson will keep everyone on the right path.
Thanks Meri!!! Those are two great tools.
Hello Harikishore!
I think only you can make the call as to whether you are suitable or not.
That being said, I’ve seen people in their 50’s and 60’s in Executive MBA programs; so age is really not a factor. There are some good resources out there to help decide.
Try EMBA World: http://www.embaworld.com/about.html
Be sure to download their self-assessment test: http://www.embaworld.com/pdf/self_assessment.pdf
Also, be sure to see: http://www.embaworld.com/prospective_students.html http://www.embaworld.com/students/emba.html
By the way, I also HIGHLY recommend the Ten-Day MBA Course too. It’s an extremely condensed course of study that highlights the critical elements of the top MBA programs. Be sure to check that out: http://www.strategies4u.com/10daymba
Country of orgin is disputed… but Belgium as the “loudest” claim.
This is a great outline to follow… simple and easy to follow and provides a natural progression for the “pitchee”.
For you, the “pitchor”, it provides a simple guideline to make sure your presentation stays on-target.
Just as important (and sometimes more so) as the order, flow & content of your presentation, is the nature of your introduction to the VC.
Here is another great post by Kawasaki that addresses some additional ways to get the attention of VC’s and what not to do when pitching them.
Post Comments
rkmittal said – Fri, 16 Jan 2009 05:28:09 -0000
Nice addition!