Booyakasha --- Iz be nun utter dan da krown prinse
In real neus, i had a great weekend, went to the beach, hung out with old and new friends. Did not devote much time to my business ideas, although a little bit on sunday. I was successfully able to communicate the concept of how to set up a business to one of my friends, who was skeptical in regards to this being a dream or feasible in any sense. The answer is NO its not a dream and YES it is feasible. So here are some of the things i need to study, learn and master.
1)BUSINESS PLAN, you gotta have a biznass plan, otherwise you lose track...clearly this is the most important part and requires a shitload of work and time. there are many garbage business plans on the market and garbage books on the subject, doing this right requires some diligence and learning many new skills.
2)learning the VC cycle, basically how you go from idea to gaining capital from VCs, this is important, specially when wanting to make big money with big ideas..Ideally my dream is to someday end up a VC, might as well start learning how they work and how i can get them to give me some dough
3) BUSINESS ECONOMICS, this entails all the Corporate Finance, and corporate budgeting involved with a company. Micro and macro are also a plus. Gotta learn all the basics for this, no matter what, econ is for idiots, primarily cause its not difficult and was written by idiots, but it's the language of business to some extent. Mastery of business econoomics is essentential and not really that difficult... you gotta be able to think on your feet when talking to VCs, you gotta know a way to create a new solution...mastery is key.
4)DEALMAKING- becoming a rainmaker is a dream, yet it all stems from the art of deal making and negotiation... we had a 3 hr seminar at work on this on friday, it is quite intriguing. This i feel may be one of the MOST difficult things to master, and take years and years of experience.
I think expanding my busines skillZ is necessary in order to be functional, i am 23 years old, if i can maintain a high level of discipline, i WILL be a master.... BUDDHA PALM BITCHES...
