The thing about having very smart teachers is they use
Vocabulary in a precise way.
As Ross Perot would say, "I am all ears..." to hearing new terms, so fire away.
The
Business of Art class had for today the agenda of
Accounting principles, which were nicely simplified into a couple of math formulas.
I need to learn this Accounting STRUCTURE to keep track of the
money aspects of THE BUSINESS that is bobsart ART.
I have to make
Balance Sheets and
Income Statements.I didn't THINK I had any Income.
The
Couch Cash was spent months ago.
My business needs to have strong
Goodwill established so it can be
Porting this into successful
Transitions of Work.
It needs to avoid
Execution Problems by anticipating
Downtime Factors and learn How to
Track to
Monitor and
Generate the right
Reports.
The Business has to start
Projecting Revenue and
Expenses and find the
Break Even Point.
On the way to the Bank I check my pocket dictionary for
Return On Investment (ROI).
I wonder if
Roy's restaurant was created so Roy could cook or so Roy could have a Roi.
I ponder more.
How is the
storage capacity holding up against the
Inventory Cycle?
If I get too many
referrals will that cause problems with my
Fulfillment service?
I realize the need to
Punch Out One Message, hard and often. The Use of
Point of Purchase displays is consistent with using e-mail Blasts and E-vites.
Are there enough
deductions to
protect the income and still have favorable comparisons to
similar-industry's
Run Ratios.
What is my
Flex Number and does it really mean that my
Net Worth is Negative?
I have to go now and find the
Gating Item, because my
Opportunity Cost is going too fast.
If I can just
Identify and get to my
Demographics with
Podcasts or
Facebook, I'll be fine.
And cooly DIGITAL, too.