Thursday, October 8, 2009

How to start up a business

Maybe Entourage is starting to become more mature in Season 6 (or maybe it's my "old" age).  I'm starting to realize that in between Ari's rants and emotional outbursts, there is actually some very useful life lessons incorporated into the entertainment. 

This clip demonstrates does a great job in summarizing how to starting a business.  I have heard bits and pieces here and there, but nothing that put it all together in 2 minutes.  The writers of Entourage did a great job at that.  "No one is going to invest in a business because you think you can".

Business plan:
  1. What do you need (office space, insurance, how many employees)?
  2. What do you project to earn?
  3. What do you need to break even?
  4. What point can your investors see some profit?
I loved the scene, it is absolutely powerful, it stuck on my mind, and I wanted to share.

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