- Send your business plan to the right people Venture capitalists tend to specialize in certain kinds of businesses. Some will specialize by industry, only investing in new energy companies, for instance, while others look for a certain size of company to invest in. It is worth doing the research to determine who the venture capital backers are for your industry, before you start sending out your business plan. Venture capitalists who are not specific to your industry can provide recommendations to make your plan more appealing to other venture capitalists. However, it would naturally be a mistake to send your plan to potential investors who will not even consider it.
- Make sure your business has the potential to be profitable enough Most venture capitalists look for a return of about 5-10 times their initial investment. For example, an investment in a company of $2 million should yield a return of $14-20 million after about five years. To satisfy these requirements, it is generally necessary to have a business which has the potential for a high rate of return on the amount invested. If the rate of return can reasonably be expected to be lower, such as for a clothing retailer, then it is probably better to look for an alternate source of funding, such as an investment or commercial bank.
- Remember to include an exit strategy for your investor Venture capitalists generally do not want to be involved with a new venture for an indefinite period of time. Most will plan to leave the new venture after about five years, so you should offer a clear explanation of how this may be achieved. There can be a variety of reasons for this; some venture capital managers require that the holdings periodically be sold off to acquire other offerings. Nonetheless, by demonstrating that you understand the limited time frame for many venture capitalists, you automatically make your plan more appealing than those which do not.
Sunday, July 23, 2023
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Air Travel Debacles Put Pete Buttigieg in the Hot Seat - The New York Times
Sunday, July 16, 2023
Trimming The Tag End Of A Fishing Knot - How Short To Cut It
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In fishing, as in life, there are consequences to your actions. If you are constantly finding that your fishing knots are coming undone, then you may be causing that to happen by cutting the tag end of your fishing knot too short. How short should it be? That's exactly what you're going to discover in this article.
Let's back up a little bit and first give some definitions.
When tying a fishing knot, the "Main Line" is the end of the line that connects to your fishing reel. So this is the bulk of your fishing line. You obviously don't cut this end of the line, or you will have cut the knot you just tied clean off your line.
The "Tag End" is the short end of the fishing line that is left over after you tie a knot.
Now you could just leave the tag end as long as it is after you tie your knot and forget about trimming it altogether to avoid mistakes. But unfortunately a tag end that is too long can cause a whole new set of problems. The extra line gives your knot additional weight, as well as cause unnecessary drag in the water that can alert fish to your presence.
So as you can see, leaving the tag end untrimmed is not recommended.
My suggestion then for the tag end goes back to the basic principles of tying a fishing knot:
Tie your knot with the correct number of wraps required for the type and weight of fishing line that you are using.
Ensure that you lubricate the knot well prior to tightening it down. Using soap, rather than saliva is recommended, as it will not eat away at your line. You should keep a small squeeze bottle of dish soap in your tackle box for this purpose.
Tighten your knot properly. Using a small pair of pliers can help you tighten the knot evenly and securely. I keep a pair on a retractable cord on my fishing vest for this very purpose.
If you tighten your knot securely it will not slip and you can leave a short tag. A tag end of 1/16" to 1/8" on a securely tied knot is sufficient.
So as you can see, you may in fact have an issue with your knot tying technique, rather than the length of your tag end, that is causing your knots to come undone. Tighten it down properly and your fishing knots will never slip again.
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Reeds Fine Jewelry, Watches and Gifts
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Saturday, July 15, 2023
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Friday, July 14, 2023
Writing Stand Up Comedy - Point of View
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When writing stand up comedy, consider the point of view you use in your stand up act. Comedy writers who use different characters are completely into the character point of view and comedians who use observations use the narrator point of view. However, most comics tend to use a variety of all three points of view.
The following exercise can improve your success at writing stand up comedy because you will learn to utilize the three points of view through four different stages. In stage one, you will be you as yourself in an argument. In stage two, you will become the other person using the you as other character point of view in the argument. In stage three, you will argue back and forth between the other character and you. In stage four, you will use all three points of view for writing stand up comedy. In particular, you will use yourself as the narrator to set the scene and make remarks throughout while the you and other characters point of views are arguing back and forth.
As a setup for this exercise, here are some guidelines to follow:
• You must create an argument between you and another adult.
• The other adult needs to be someone you can personify because you will only be this other adult in stage two.
• You must argue standing face to face.
• Multiple problems need to be included so that the argument will last for three to four minutes.
To help ensure the success of this exercise and writing stand up comedy, base this argument on a real argument that you have had. You do not need to reenact the exact argument, rather use it as a beginning point to get you started. Have fun and let the argument become whatever you want it to. You can even use this as an opportunity to say all those things that you wish you had said before.
Just as a caution, try not to use a recent argument or one that is close to your heart. This exercise is meant as a tool for learning and writing stand up comedy, not to analyze your life.
Using these guidelines, choose your argument. Now that you have chosen your argument and understand the different roles, you can get started with the exercise. One more thing; you may want to have a pencil and paper handy for notes. Successfully writing stand up comedy depends on many factors and choosing an effective point of view is a crucial consideration.
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Source by John Halas
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Financial technology founder Zach Conway '10 applies big-picture ... - Gettysburg College
Photos courtesy of Zach Conway ’10 Posted: 01/24/23 Glatfelter Hall #gburgpod Send your photos to pod@gettysburg.edu 717.337.6300 Campus Map & Directions Glatfelter Hall #gburgpod Send your photos to pod@gettysburg.edu © 2021 Gettysburg College. All rights reserved. source https://4awesome.streamstorecloud.com/financial-technology-founder-zach-conway-10-applies-big-picture-gettysburg-college/?feed_id=37814&_unique_id=64ada4fbae42f
Smart Entrepreneurs Wear Six Hats
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Entrepreneurs are necessarily optimistic. You need to be, it allows you to see the possibilities around you and act on them.
However, the downside is that your emotional attachment can blind you to problems that are otherwise obvious to someone who is not as personally invested in the project.
This is why smart entrepreneurs learn to wear six hats: six "Thinking Hats". Originally defined by psychologist Edward DeBono, the Six Thinking Hats are a structured creativity tool to help you look at a situation from different perspectives, to solve a problem or to foresee and minimize risks before they turn into problems.
When you "wear" a specific color hat, it gives you permission to look at your problem is a specific way:
- White Hat: Analytical - What does the data say? Look at the available data, both quantitative and qualitative. What are past trends? What can you extrapolate? Where is the evidence to support your assumptions? Where do you need more data?
- Red Hat: Emotional - How do you feel about this? Access your intuition, gut reaction, emotion. Talk about your feelings about the situation, where you feel good and not as good. How would others feel about this?
- Black Hat: Pessimist - What could go wrong? Think cautiously, defensively, why it might not work. Poke holes in the idea, look for the weak spots, all with the intention to identify what needs to be addressed in order to overcome any problems.
- Yellow Hat: Optimist - What if all goes right? Think optimistically, positively. Imagine all the opportunities, the benefits, the advantages. Reach for the stars!
- Green Hat: Creative - How can we make this better? Use your creative juices to think "out of the box". Explore weird tangents, unexpected synergies, make it into a "purple cow" (something remarkable that stands out from the crowd).
- Blue Hat: Process - What do we need to do now? Direct the process of creativity so avoid getting stuck. When in "Blue Hat" mode, step back from the problem and consider if you are giving all of the other hats equal time.
Entrepreneurs seem to do quite well with the Yellow, Red and Green Hat approaches to thinking about an idea. There is more resistance to the White Hat (analytical) and definitely a big block around Black Hat thinking. Could this be because the Analytical and Pessimist are associated with external control?
There is nothing to fear from the Black Hat - it can be your best friend. Wearing the Black Hat gets you out of cheerleader mode and forces you to examine your assumptions up close. From personal experience, I know that when a project backfires, the failure can be traced back to an assumption that was not properly tested. Black Hat thinking gives your project real traction by foreseeing the difficulties and encouraging defensive planning. This makes the plan more resilient and improves the probability of success.
As you explore wearing the various Hats, put on the Blue Hat (Process) from time to time to see if you are considering all the perspectives of your project. Note that the purpose of this thinking exercise is not to assign fault or blame. The mindset of every Hat is to make sure the project succeeds.
It is great fun to dream big and to reach for the stars. But if you want to make any progress, you need to keep your feet on the ground. Practice wearing the Six Thinking Hats as you plan and execute your business project. This mindset will give you the traction to power your project towards real and enduring results.
[ad_2] Source by Davender Gupta
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https://4awesome.streamstorecloud.com/smart-entrepreneurs-wear-six-hats/?feed_id=37804&_unique_id=64ad90d21a953Monday, July 10, 2023
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Featured Event: Johnson County Home & Garden Show at the OP Convention Center Jan 6-8 - Shawnee Mission Post
Shawnee Mission Post is a member of the Local Independent Online News (LION) Publishers.
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Saturday, July 8, 2023
Podcasting Software - 10 Essential Tips
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Podcasting has come a long way from its birth in 2003. In a little less than a year after that, Podcasting had become very popular around the world, with more and more information available to everyone. Now, you can hardly find a single person who hasn't at least heard of the word podcast.
More than just looking for podcasts and listening to them, the interesting thing to do for many is to create their own podcasts. There is definitely no lack for information on how to make your own podcast. Podcasting is really quite simple - all you need is you and your material and the right podcasting software. There is a plethora of podcasting software to be found on the internet. Here are some important tips to remember when choosing the one for you.
First you have to get an audio recorder. There are a lot of audio recorders out there. What you need to look for is software that records quality audio. Of course, you have to make sure it runs with your operating system.
Then find a good audio editor. Recordings always need to be edited in order to present the best quality podcast. Some software combine recording and editing features. These kinds of software will make it easier for you.
In choosing your recording and editing software, take note of its output format. Generally, the MP3 format gives you the best compatibility for audio while MPEG is best for video. If the software you choose does not create these types of files, you can make use of conversion software. It is important for your conversion software to be able to compress your file to a manageable size. Smaller file sizes are easier to upload and download.
Before you publish your podcast, make use of playback software. You will be able to listen to your podcast just as subscribers will. This will ensure the quality of your final product.
In choosing podcasting software, you should also check if it creates RSS feeds. Podcasts are found and downloaded by users through RSS feeds. Without this capability, you would have to find your own RSS feed creator.
Perhaps one of the best ways to promote your podcast would be through iTunes. Thus it would be a great plus if your podcasting software created valid iTunes feeds. This way, your podcast would have maximum exposure. More listeners will be able to access your podcast. More potential listeners will find out about your podcast.
In order to upload your podcast, you need a file transfer program. There are certain podcasting software that automatically include this feature. It is beneficial for you to use software offering such functionality.
Without promotion, you might as well publish your podcast. Software that allows listing in podcast directories gives you an edge. Most podcast listeners look for new podcasts in the numerous directories online. Do not allow your podcast to remain unnoticed by missing out on the directories.
The idea of podcasts is to create a series. Updates to your series are part of podcasting. Choose software that will alert multiple directories for updates. This way, you won't have to manually alert each directory you are listed in.
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Source by Philip Nicosia
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Healthy breakfast recipes for Winter morning - The Statesman
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