Dot Com and Dot Bomb

Well... Without attending the class lecture, I know some of the information, very briefly, about dot com and dot bomb. The reason why I couldn't attend the class was due to my back injury that I am suffering for quite a while. I, sometimes, go to class late if my back muscle gets highly stressed during the sleeping period. If that happens I have to use cold pack to release the pain..

Michele Armstrong

Very interesting information was given from Michele. Since she has great experience there were many good tips and information about how to be successful in the interview. Amongst all the advises given out, I recall that interviewer must know the company that they are going to work for and know strength and weakness of yourself helps out. Well... it's common sense to know the company that your applying, but guessing that is not the case for someone... I remember Prof. Andrew talking about selling yourself to the company. Knowing what you are good at and bad at must figured out.

Michele also talked about the circulation of employees. The turn over, replacing workers, is a healthy element to have within a company since not everyone performs as employer expected. In order to save money and operate the company efficiently, people who is lacking off must be removed from the position. Usually the turn over rate is around 10 to 15%.

Number of questions that I've asked..

hm.... very a few. one or two I recall.

Derek!! The creator of Exit 133!

Derek introduced the class a very interesting ways to invest or establish a company. Small businesses! Derek states that he likes the small companies that does ONE thing very well. As a start up company focusing on one thing will be the best option that can be taken if you want to be successful. Since I am writing a business plan for my company, hearing this information about why investors look good on the companies that does one thing very well is very encouraging.

On the other side of the presentation Derek made, he explained how he created Exit 133 and Suite 133. The Exit133 was first created as experiment and later on it got searched by Google, thanks to them. By having the gateway for people to enter this blog website the traffic increased and many people had interest about the blogs that were posted. By having professional writers working with Derek Exit133 had valuable posts that helped out many entrepreneurs in the local areas. Exit133 is very well known, it also had interview with New York Time!! WOW.

Bruce Kendall

Bruce delivered very interesting points about how the money flows within the local society. One of the great point he made was that growth of the market comes from the local existing company. This reminds me the issue of WalMark taking over local businesses with their low prices. I had great conversation with one of my friend who is majoring in international business, and he states that one of the factor for worldwide market crisis is having Walmart. Bruce introduced a system called incubator during his presentation. I personally thought this is very interesting and effective system that new born company can have. Incubator helps out starting company to have some place and resources to get things going. When a company is small and their revenue is low it is very difficult decision to rent a office, but having an option of using incubator will help those needed companies. Of course, the company will get kicked out after awhile.

Bruce made two main distinction between job categories: primary job and secondary job. Primary job is one of the most important job that a local society need. Primary job creates and sells to out side of the local market, which will result in bring 'fresh' money from other local areas to fuel up local growth. Where as secondary job circulates existing money inside the local market. Important idea to keep in mind is that a local market needs both primary and secondary jobs in place, but without primary job the local market will soon go down. There is good saying from old days, "still water will get rotten." Make the money flow in and out of the local market is very important.