Wednesday, February 3, 2010

Jon Goodman

I can't believe she's 70+ years old... she's got the energy of a 20yr old!!! I thought she was the best speaker so far. I never really thought that an entreprenuer wasn't in it for the money until she talked about the CEO of Costco and Steve Jobbs. I guess it didn't click until she talked about it. I've heard it before but I took it with a grain of salt. I don't know what she meant with the business plan idea of not using templates. I think the other speaker conviced me that a structured business plan was a must... so I'll go with him.
I thought she had very useful advise starting with the feasability analysis. I thought there were two keys in this one was fear of failure and analysis paralysis that struck me the most. I also didn't know that there were veteran enteprenuers that would be willing to offer advise and time for a hope of compensation once the business was profitable. I like the idea of getting seasoned professionals involved in the business itself. another idea that she had was to take 20% of your gross wages to save enough money to start a business plus the idea of learning a job that you might want to start a business in. I also like the way she broke down the nine year cutting edge business plan where it's three years of growth three years of plateau and three years of decline and making sure you get out before the decline.

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