Closing a deal at 6 numbers only, congratulations to the team

Every generation needs a revolution - an entrepreneurial revolution

This follows Peter Thiel truism  -  from zero to one.  Having something from nothing. Pure entrepreneurship.   

But this one required money.  The guy a contractor to whom the deal was passed on two is being egged to move up from being a techie man to be a businessman.  

The team encountered many problems:    1. failed financiang in the beginning  2.  failed financing the second time,   3.  selfish team members. and who are irresponsible -  they failed to deliver their promise of financing twice, and yet made sure that they got their written commitments for packaging fee.  

But finally the deal was done and lately what we heard is that the new CEO is getting  an inquirty for 5 to 20 million investment.   Because of the signed deal.  It is now bankable

I hope he gets this.    

But they have just begun:

1.  Gather docs

2.  Secu re approval from LGU, from NIA, DAR

3.  Condcut pre marketing activities.  

4.  Generate funds

5.  Get plans SDP leaflets, marketing collaterals ready.

6.  Secure ROW docs

7.  Commence some site development

GOOD LUCK MORE POWER TEAM

Go go go

Free posts helped others start a business, and even their teaching career

Every generation needs a revolution - an entrepreneurial revolution

This post shared freely ppts on entrepreneurship via slideshare.  He also had posts about his particular business. While in travel abroad, he encountered some tourists.  One of them was a professor at a State University.  After getting to know, he said that he used some of my ppt in his class.  That was great to be a reference.   When I reviewed some of the most important ppt on entrepreneurship, many of them had thousands of view world wide.

And then I learned that a boss in a memorial park project in Southern Luzon in a recruitment interview,  relied on my post about making a business plan for this business. Isnt that great.  

For both cases, this post did not get paid.   However, Dan Millert, said that you shouldl give some of your best work, ideas for free   You should help others get free.  However, for coaching, workshop, ftf seminars, you should get paid as much $10,000 per day.  (Some I know charge $2,000 per day)

For Go Negosyo, for caravans, and even one on one mentoring, they were pro bono.  

I had planted the seeds of prosperity

Entrepreneurship from Sir Richard Branson

Every generation needs a revolution - an entrepreneurial revolution

He is an Englishman and knighted for his business contribution and entrepreneurship,  He is behind the Vigin brand and competitor of Elon Musk in space travel with his Vigin Galactica.

He was interviewed by Simon Squip on entrepreneurship on how he built million dollar companies.   He simplified this and did not put hte arduous how.

He has five steps.

1.  Find the problem and the solution

2.  Have a team

3.  Build the product and solution

4.  Get the cash upfront

5.  Take risk,.

There is no mention of VC, borrowing the first second round etc, bank loan   

The # 4 I hink is the linch pin.  Like getting dp or full payment for the product.  Ad scontractors for the software house, and projects often do  Which the scammers do.   Like cash out  I cash out muna, padating na yong pera and then disappears.   If the scammers can do, and you are legit you can do this.

We had done on numerous projects.  No money but plenty of ideas.  We built many projects two dozen plus using #4.   We could also do this on a project that stalled.

If you are interested in more coaching materials from this post.  Gmail:    profjorge.entrep@gmail com, Dm jorgeus george.   + 63 908 928 7888