Category Archives: MBA-A-Day

MBA-A-Day: Final Thoughts

I hope you’ve enjoyed reading MBA-A-Day, and more importantly, I hope you’ve learned something. I would leave you with 3 final thoughts: If you want good results, you absolutely have to do the work. That means making the spreadsheet, writing … Continue reading

Posted in Business, MBA-A-Day | Tagged | 1 Comment

MBA-A-Day: Entrepreneurial Finance, Part 4

Remember that cash is king. Know the difference between cash and revenue. Revenue means that you expect to get paid a certain amount of money at some point for services rendered and goods provided. Revenue is not useful for paying … Continue reading

Posted in Business, MBA-A-Day | Tagged | Leave a comment

MBA-A-Day: Entrepreneurial Finance, Part 3

You have to have an exit. One of the best exit strategies is to get bought by a larger company–or even a competitor. You can even start your business by getting funding from your eventual purchaser. You propose to a … Continue reading

Posted in Business, MBA-A-Day | Tagged | Leave a comment

MBA-A-Day: Entrepreneurial Finance, Part 2

Matching your type of funding to your objective–to your exit–is the key to success. There are three main types of funding: grants, debt, and equity. A grant is money that is just given to you–usually by some sort of governmental … Continue reading

Posted in Business, MBA-A-Day | Tagged | Leave a comment

MBA-A-Day: Entrepreneurial Finance, Part 1

This was my final class, and it was amazingly practical and educational. There were so many lessons I decided to divide it into several entries. Enjoy! People are messy. Nowhere in business is this more true than in entrepreneurship. Most … Continue reading

Posted in Business, MBA-A-Day | Tagged | Leave a comment

MBA-A-Day: Business Law

Finally, something that has no ambiguity: the law is the law. Right? Right? The fact is, if you end up in court, you’ve already lost. It’s going to be expensive and time-consuming to win your case, even if you’re 100% … Continue reading

Posted in Business, MBA-A-Day | Tagged | Leave a comment

MBA-A-Day: Negotations

A popular story about negotiation goes as follows: two sisters both wanted the same crate of oranges. But as they talked about it, they realized that one of them just wanted the peels for use in a recipe, while the … Continue reading

Posted in Business, MBA-A-Day | Tagged | Leave a comment

MBA-A-Day: Starting New Ventures

When you make dinner, you need a menu. When you start a business, you need a plan. A Business Plan. A Business Plan is a formal document that you use to describe your business: what you intend to do, how … Continue reading

Posted in Business, MBA-A-Day | Tagged | Leave a comment

MBA-A-Day: Entrepreneurship

Entrepreneurship is business. It’s the whole enchilada. It’s finance and HR and marketing and R&D and sales and making coffee and answering phones and probably some amateur carpentry. It’s about making something out of nothing. It is, by far, the … Continue reading

Posted in Business, MBA-A-Day | Tagged | Leave a comment

MBA-A-Day: Managing Career Growth

If “A = L + E” is the heart of accounting and “credibility” is the heart of leadership, then the heart of career growth is “networking.” Networking means you try to get to know people who know people. It’s not … Continue reading

Posted in Business, MBA-A-Day | Tagged | Leave a comment