My Note –
I’ve been working on putting together the business plan for one of the business concepts that has been sitting around here for awhile. I didn’t complete the financial projections and breakdown of costs to revenues part, so I’m working on that today. It isn’t very much fun and exciting. However, having completed the rest of it – is pretty nifty compared to doing nothing at all.
The other thing that I’m doing today, which is also not very much fun – is to pull the documents from files that have to do with this plan – into the folder for it. I did some of that from the computer files last night until I got lost online looking at other nifty stuff about opensource software for doing math graphing. It was great to find comparative charts of that and play in it awhile – much better than running through file after file in my house finding elements to add into the plan.
Aside from that, when I was fumbling through physical files sitting around here, I had to sort of read and identify each item to see where it belonged and found all kinds of stuff that I could’ve just not looked at right now for other designs and things. Mostly, what I’ve discovered doing that is –
a.) it is tedious
b.) parts of some things are on papers for other things
c.) until the specific target of a business plan or design has its own folder – or its own customer – it wouldn’t have had a sensible way to divide it into an organized system of folders
d.) it isn’t very encouraging or inspiring to see all of it at the same time
It also hasn’t been very much fun. In fact, walking out to take out the trash was more fun and building the actual business plan was also more fun than finding the elements that belong to it from my files. I didn’t even try to get all of them from the computers – although I’m thinking that (as I was posting some of them into one single document), it would be better to put them into a single file folder on the computer rather than onto a single document. There was one document with over 700 pages before I had gone very far at all and that can’t be right. It makes it very hard to do anything with it although going through a document of that size on the computer is really easy and I can fly through them in those sizes in very short periods of time to find things. I don’t know – maybe that needs more thought. It could be handy to have eight documents sized over 700 pages than to have 50 documents in a file, each of which would have to be opened sometimes simultaneously to find anything.
It all comes from trying to make left-brain tools work for a right-brain person.
And, after making these handy dandy business plans – then what? Unless the business plan itself becomes the product, it looks very unlikely that anything could possibly go forward from it. I’m obviously not organized nor focused in a linear thinking manner to effectively complete a business activity. Well, maybe I could but I don’t want to. If I interact with investors, bankers or other funding options – I want an answer now of yeah, we’ll do that – so I can go on to something else. The idea of waiting months or years for an answer as someone else takes the plan to market out from under me or getting rejection, dejection and demeaned in the process of being told “no, we can’t invest in anything that includes anybody like you” – doesn’t seem very appealing. I do want the businesses to go forward, to employ people, to generate profits, to supply opportunities and support for a variety of other businesses and people that would interact with it and because of it – but this looks like the reality from what I’ve studied so far –
1. investors, bankers and business programs don’t invest in ideas or concepts, although they don’t mind stealing them or freely talking about them out in public where someone else steals them,
2. investors, bankers and business programs to support starting a business want to see a return of 3 – 5 times their investment to come back to them within a very short period of time, anywhere from 3 – 5 years, even though they are aware that expecting a return of 300% – 500% on an investment of any kind is ____________ (I’ll say “mucked up” this time,)
3. investors, bankers and venture capitalists generally want very close to a guaranteed return without any risk whatsoever,
4. one of the basic reasons they have lost money in the past, been taken to the cleaners, frauded and defrauded, lied to , stolen from and tricked – is the same reason as those listed above – those people who were up to no good simply suited up in a $5,000 suit and gave them the credentials they respected and then took their money,
5. without everything being perfect, the likelihood of any investor of any kind being involved is nil or none, depending upon whether anyone has referred a business concept to them or not. That is to say, it is a wonder that we ever have anything new at all considering that there would be no track record for it, no chance of it being started and well-under way before any money helped to underwrite it getting off the ground and no security for it being underwritten long enough to get stabilized in the marketplace and grow.
That is exactly why I don’t need to be in the business arena at all. There is no way I could navigate all that and understand what to do at each point of it. In fact, it looks like there are a lot of businesses – really good businesses that couldn’t do it, either. And, some of those were already well established, well grown and had positive revenue streams, customers, facilities, product development and every damn thing else going for them. What am I even trying to do – given that is the case?
And, yet – I look at the high unemployment numbers, the needs for a variety of different products and businesses, the high foreclosure rates where people are not only losing their homes – but their communities as well, and the vast number of businesses we don’t have in our country anymore – and I think that something needs to be done to rebuild it, to make more opportunities available, to offer more employment and greater economic possibilities, to make things right and to make opportunities for my communities and my family and for my children’s lifetimes to be available long past today. There won’t be any jobs for any of my children and grandchildren, if nothing gets started to fix these things and nothing will be available to make our economy strong and growing, if no businesses get off the ground except the three that some group of investors think will yield them a 500% return in three years.
It sure is a lot of crap to do any of it, though. And I’m pretty sure that, although I’m very good at studying it and sharing the information that I find – it isn’t likely to be something I’m good at otherwise. Business startups depend on a lot of things that I don’t have and won’t have anytime soon. And, that includes having the patience required to do it.
Here are some of the things I’m working on –
(to go with the business plans)
gretl is an open-source statistical package, mainly for econometrics
This is a list of software to create any kind of information graphics:
Income statement (also referred as profit and loss statement (P&L), earnings statement, operating statement or statement of operations) is a company’s financial statement that indicates how the revenue (money received from the sale of products and services before expenses are taken out, also known as the “top line”) is transformed into the net income (the result after all revenues and expenses have been accounted for, also known as the “bottom line”). It displays the revenues recognized for a specific period, and the cost and expenses charged against these revenues, including write-offs (e.g., depreciation and amortization of various assets) and taxes. The purpose of the income statement is to show managers and investors whether the company made or lost money during the period being reported.
The important thing to remember about an income statement is that it represents a period of time. This contrasts with the balance sheet, which represents a single moment in time.
Charitable organizations that are required to publish financial statements do not produce an income statement. Instead, they produce a similar statement that reflects funding sources compared against program expenses, administrative costs, and other operating commitments. This statement is commonly referred to as the statement of activities. Revenues and expenses are further categorized in the statement of activities by the donor restrictions on the funds received and expended.
The income statement can be prepared in one of two methods. The Single Step income statement takes a simpler approach, totaling revenues and subtracting expenses to find the bottom line. The more complex Multi-Step income statement (as the name implies) takes several steps to find the bottom line, starting with the gross profit. It then calculates operating expenses and, when deducted from the gross profit, yields income from operations. Adding to income from operations is the difference of other revenues and other expenses. When combined with income from operations, this yields income before taxes. The final step is to deduct taxes, which finally produces the net income for the period measured.
a google search which used the terms –
and yielded this –
Our Patent Brokerage
services are designed to enable our clients to rapidly deploy existing technologies to the market and to acquire new technologies from …
includes the selling and voluntary licensing of patents and other forms of intellectual property.
(among other things)
And I found this post that seems fairly indicative of the problem –
Does anyone know of any good patent brokers, particularly any who are willing to work for a seller (patent owner) on a pure contingency (success) fee basis? I am looking for such a service to assist clients who have obtained patents, or who have patent applications pending, but who have either been unable to commercialize the invention or who have run out of funds to pursue their patent or application. Such people often have created valuable technology, if only they could find a buyer or licensee. Of course the difficulty is that if they have run out of funds, they cannot afford to pay a broker to conduct a search for a licensee or buyer. Any help that anyone could provide would be greatly appreciated.