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Venture Capital Risks: As a Business Owner, Don’t Give Them Your First Born
Everyone loves to hear of a business gamble that pans out big time. As a business manager for entertainers, I have worked for some big names. Over 25 years ago, I learned from my mentor that he started as a TV lawyer in the early 1950s. The field was wide open and attorneys not only tested the legal waters, but also their billing practices. My employer started with an unemployed writer who needed some contract negotiations. He didn’t know what to charge the writer, so at this early stage, he took 10% of the writer’s new production company. My mentor charged for his services soon after that, but in the 1980s he cashed in his 10% holding when the writer/producer “went public.” The unemployed writer had evolved into one of the biggest names in television. 
Watch Out for the Run-Away Credit on First and Hill!!
Have you maxed out your credit cards? Are you paying the minimum for each credit card each month? Are you financially in “over your head” without a strategy to relieve the pressure? Join Rick and Brandon as they draw analogies between run-away credit and a run-away car. Learn some tips on reducing that nagging credit card debt and improving your personal cash management.
American Business Culture: Do You Have Italian “Horse Brains?” My Italian grandfather was born in Calabria, Italy in 1899. He only had a 6th grade education, and struggled to support a family of 11, much of it during the Depression. However, when he died 1988, he and my grandmother owned a successful restaurant, and 7 homes in the Los Angeles area. Even though he was proud that I attended UCLA, he use to say, “You study books, but I am smart because I have ‘horse brains.'” Then he would snort like a horse. |
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