One of the best/worst experiences I have had was when I was trying to start a business of my own with an old friend of mine.
It was my original idea, and I did most of the writing and research for the business plan and the connection to the investor we got was through my friend. We ended up getting $20,000 with the idea if we could make something happen with this relatively small amount of money this investor may be interested in funding the rest of the portion needed to start our entire business.
My advice is to put the money into a bank account that requires TWO SIGNATURES (of both names on the account) in order to move any money. One day I got a call regarding my account and how it is "out of funds." I went to the bank and the lady told me my "friend" had transferred the money into his own account.
Sure enough, he split.
Don't let this happen to you- be smart and protect yourself. Don't rely on a friendship or trust- rely on good business sense.
Monday, April 28, 2008
Monday, April 14, 2008
Veishea
Can someone answer why it is they have Veishea so early in the year? Why not wait until the week before dead week? It was REALLY cold and I think most people stayed inside this time- thats what I did.
Also, I don't understand why they over-inflate prices so much when there are fast-food restaurants nearby charging normal prices for food. I asked the price on a piece of pizza (happy joes) and he said $2.75 and the pieces weren't very big- or very good. That is almost the same price as THREE double cheeseburgers from McDonalds, or three burritos from Taco Bell. The audience there isn't really captive so I think its ridiculous and greedy to charge so much. Why not capitalize on their greed- can you imagine how much money one stand could make by having half the price of the others? The gas stations on lincoln way are all so close to each other, but the casey's will drop their price just a few cents below the others. The result is an overcrowded lot of people waiting to fill their tanks at the cheaper price even though it only will save them less than a dollar overall. ($.03 x 15 gallons= 45 cents)
If one of the foodstands sold their corndogs for 1.00 less it would save students a little money and they would be lining up to save that dollar which would greatly increase sales for the particular stand. Thats a savings of more than twice the amount people save when the gas price is 3 cents less per gallon.
Also, I don't understand why they over-inflate prices so much when there are fast-food restaurants nearby charging normal prices for food. I asked the price on a piece of pizza (happy joes) and he said $2.75 and the pieces weren't very big- or very good. That is almost the same price as THREE double cheeseburgers from McDonalds, or three burritos from Taco Bell. The audience there isn't really captive so I think its ridiculous and greedy to charge so much. Why not capitalize on their greed- can you imagine how much money one stand could make by having half the price of the others? The gas stations on lincoln way are all so close to each other, but the casey's will drop their price just a few cents below the others. The result is an overcrowded lot of people waiting to fill their tanks at the cheaper price even though it only will save them less than a dollar overall. ($.03 x 15 gallons= 45 cents)
If one of the foodstands sold their corndogs for 1.00 less it would save students a little money and they would be lining up to save that dollar which would greatly increase sales for the particular stand. Thats a savings of more than twice the amount people save when the gas price is 3 cents less per gallon.
Subscribe to:
Comments (Atom)