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  1. MattThomas

    Morality of profiting through non-profits

    That is an excellent point. Truely "doing good" should not have ulterior motives. That doesn't mean something isn't moral or ethical if you earn a profit from it, but the point is to be honest about what you are doing. If your goal is to make a profit and give back to your community, great. Just...
  2. MattThomas

    Brainstorm to fix a failing business - economy

    I actually agree with you completely. I was just treading carefully because of the potential political nature of this topic. The shareholders desire for outstanding returns immediately is most definitely a problem, one that contributes to the short term outlook that business and managers have...
  3. MattThomas

    Rip this site apart

    WEB/DIGITAL 
    Agreed on the resolution tweaking and centering. Other than that, the site looks very professional and I like the layout and color scheme. One thing I noticed, it seemed to load a little slow. Not sure if it was my connection bugging out for a second, but it seemed to take a few moments for...
  4. MattThomas

    Which way to do pricing....

    There is no right answer to this question. Unfortunately for us, there is no scientific formula for what pricing strategy is best, or what prices are best for client acquisition and retention. A concern of mine is the competitive environment you are getting into. Is your competition likely...
  5. MattThomas

    Brainstorm to fix a failing business - economy

    Top executives need to be held with greater accountability over the decisions they make. Currently they can walk away from a company they ran to the ground with a multi-million dollar bonus. There isn't enough of an incentive provided to CEOs to maximize shareholder wealth. Instead, the only...
  6. MattThomas

    Just Checked the Interest Rate on My BOLOC's

    Gotta love a low Fed Funds rate that makes this all possible :) That is a great bodloc rate, nothing better than cheap financing. This is why now is a great time to obtain business financing if you have a good enough credit history for it.
  7. MattThomas

    Looking for Advice/Input on Business Idea

    HOT! IDEA 
    I think the concept is pretty solid. You have done your homework, you have a good understanding of the revenues, expenses and profit potential and you have taken note of what other companies do when renting expensive cars. I think you should heed the advice of the other members who have posted...
  8. MattThomas

    Determining how to split profits.

    As far as how much funds to disburse and how much to retain, it really all depends on your business plan, your growth strategy and your desired standard of living. It is really just something you and the other owner would have to weigh. If you are looking to grow more and your standard of living...
  9. MattThomas

    Product Selection -- What to do?

    WEB/DIGITAL 
    Agreed, some type of information product would be best, and can be sold for more than $20 if the information is useful enough! That said, selling to small demographics is probably a better idea than selling to broad demographics. The marketing is easier since you can have a much narrower focus...
  10. MattThomas

    Motivational Quotes

    HOT! MINDSET 
    Here is a link to a number of blurbs, not quite motivational quotes, but short statements about famous historical figures who succeeded because they did not give up: "They Did Not Give Up"
  11. MattThomas

    A social lending site

    I think it is a very interesting concept. I'm not too knowledgeable on social lending, but I'd imagine that it is in its infancy. I think as it gets more and more refined and more popular it could become increasingly useful for startup financing, especially in this economy. True, but that is...
  12. MattThomas

    Credit Line for consumers..

    You might want to check out the SBA and see if they have any loans or programs. From what I understand they have more lenient credit requirements for businesses than banks do. I can't say if things have tightened up recently, but it is still worth looking into.
  13. MattThomas

    Why is the economy down? Or is it?

    OFF-TOPIC 
    A few months ago ft.com stated that the recession we are facing is changing from one that was a credit crisis/financial meltdown recession, to an old fashioned, high employment and low customer spending recession. While there are a lot of bad assets out there, the market is and has been...
  14. MattThomas

    Time to market vs. sweat equity

    How are you paying for your advertising or software? I'm not sure I can give specific advice, but just some thoughts to think about. The sooner you get the site up, the sooner you can start advertising. However, the longer you take to code the site yourself, the more money you will have for...
  15. MattThomas

    Im in a unique position right now! How do I....?

    I have to agree with the others. Do a little soul searching and first figure out what you love to do. Consider what hobbies do you really enjoy where the time just seems to fly by? Are there any business opportunities or needs that can be met that fall in line with these hobbies? What I'm...
  16. MattThomas

    How would you make this business a success?

    I would kick off a grand opening day with free meals (some restrictions of course). Pick what you believe to be your flagship dish and give it out for free. Easiest way to attract future customers since they will know how good your food is. After that, look for all local businesses that would...
  17. MattThomas

    Advice for buying a business with a friend.

    I'm concerned about the business you are looking to get in...the first iteration of the product you are selling hasn't been sold in awhile, why? The product can be great but is there any demand for it? As far as financing, I'm not sure what banks are lending for startups at the moment...some...
  18. MattThomas

    Save money when in debt????

    Thanks for the link! Speed + for posting. I couldn't agree more with the article. Debt can seem uncomfortable for some, but as long as it is used responsibly, it can actually be very useful. If that is the case, we should learn to be a little more comfortable with debt. Case in point as to why...
  19. MattThomas

    Crisis sounds so cool!

    FUNNY 
    LOL! My favorite was the Dow and unemployment. Funny (well not really) how all the stocks in the beginning were getting lower and lower tones... Of course in real life it sucks, but the video was pretty funny. Thanks for the post.
  20. MattThomas

    Financing Question

    REAL ESTATE 
    I'm slightly confused...are you paying the 180k in cash? Because if you are taking on a mortgage for that amount, and then it appreciates to 250k, you wouldn't have the equity to take out a second mortgage (or home eq) for that amount. Even if the property appreciated to 360k, no bank would...

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