Do you need to get your MBA?

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Posted on : 11-05-2010 | By : Ben Levy | In : Careers, Entrepreneurship

Of course my mother and father were in favor of me pursuing an MBA. It can provide insurance. It gives you another qualification that might help you stand out from the crowd. You will learn many, many things about business. I never heard the question answered in quite the way it was answered today at The Business Insider by Steve Blank. His approach was about determining where you think you want to work in your life: in a start-up environment or in established businesses?

My MBA helped me get the first job in the industry where I have since spent my career – all within boot strapped start-ups or those that were funded by angel investors. Nonetheless, I appreciate his approach. A quote from the article below.

Why Yes I Am an Entrepreneur
I could see I was having an effect when he blurted out, “You know my happiest times in these startups were when we were a small team figuring out the business model. The chaos and camaraderie gave me an adrenalin rush and incredible satisfaction. While I’m really good at managing the process, this phase of the company feels like a job. I’ve been bouncing some ideas about a company with some fellow employees who feel the same way. Maybe I do want to do startups as a career.”

The Two Lemonade Stands

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Posted on : 11-01-2010 | By : Ben Levy | In : Careers, Entrepreneurship

Seth Godin is a well-respected author, marketing guru, and successful blogger. Each day I take the time to read his marketing blog and when I find something interesting I like to pass it on. Today’s post, “The Lessons from the Two Lemonade Stands,” is a great read. It brings up important questions: How much passion do you have for what you do? Is it conveyed to your customers? And, the most important question: What kind of entrepreneur do you want to be?

eCornell Entrepreneur Video Contest

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Posted on : 11-11-2009 | By : cara | In : Entrepreneurship

eCornell wants to celebrate and encourage entrepreneurs in their quest to build great products. Cornell’s newest certificate program, A Systems Approach to Product and Service Design arms entrepreneurs with a eight step process to design and develop products the right way.

One of the most crucial steps involved in developing new products and services is to develop and articulate a clear understanding of customer needs. Believe it or not, many products are developed without a deep sense of how customers will use them, which often leads to products with low adoptions rates.

The Contest: Submit a quick video (5 minute maximum suggested) that either explains or demonstrates the great lengths you went through to understand what your customers want. The more creative the better!

What You Will Win: 1 winner will win a scholarship for the eCornell Systems Approach to Product and Service Design Certificate program, free of charge (a $3,500 dollar value). Two additional entrants will win 2 free courses each ($1,250 dollar value each).

How Do I Enter the Contest? Start by uploading your video at www.youtube.com with the subject heading that includes “eCornell Entrepreneur Online Video Contest Entry”. You can see a sample video at www.youtube.com/ecornell14850. Once your video is successfully uploaded, retrieve your unique URL and complete the registration form on the right of this page to enter.

Time Frame: The competition starts the week of September 28, 2009 and ends on November 30, 2009. Winners will be announced on December 14, 2009.

How do I win: Winners will be selected based on the following criteria:

  1. Quality of response: How effective were you in answering the key question of what great lengths you went through to understand your customer’s needs
  2. Creativity: How creative was your response? (e.g. this relates to how you developed your video/ the approach that you used to develop your entry)
  3. Methodology: What approach did you use to develop a deep sense of your target customer’s needs?

Who Qualifies: Anyone who is currently developing a new product or service or who has done so in the past.

 

* Please see Official Rules for additional information.  By entering the video contest you are consenting to receive future communication from eCornell.

Paranormal Activity

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Posted on : 06-11-2009 | By : cara | In : Entrepreneurship

Rainbow_umbrella_275

I laud it all the time. That is right, damn it. I said “laud it.” Money is not necessary for entrepreneurial success, in fact it is the lack of money that brings about innovation and ingenuity. There are a million stories that support it. From the rise of Hewlett Packard in the early 1900’s to the “do good, do right” phenomena of Life is Good and Clif Bar. All these companies started with less than $500, applied entrepreneurial innovation and exploded in growth achieving tens of millions in less than half a decade.

This month we are experiencing another occurrence of this entrepreneurial phenomena. This one is a movie that has raked in tens of millions of dollars in only a few weeks since it launched. The Halloween thriller, called “Paranormal Activity”, was created by a scrapper entrepreneur (aka a toilet paper entrepreneur). How much he has achieved with so little in money, but so much in ingenuity will just leave you in awe.

Using a campaign of limited theater showings all while cranking away at social media, the film has become a breakout hit to the tune of… well read on for that. The thing is he achieved it all without the standard and expensive marketing campaign or even a traditional movie trailer.

So get ready to really blow your mind. I mean, like you better be sitting when you read this, type blow your mind. The file was made for a reported $11,000. Yes $11K. The car in your driveway is worth more than that! Yet the film has already made over $62,000,000. Yes that is $62M. If the movie doesn’t make you crap your pants those numbers should.

If you have been waiting for enough savings to get started… If you think you need to pile up cash cushion to test the market… If you think you need money to make money… I am here to tell you, you are wrong.

There is nothing paranormal about Paranormal Activity’s success. They just had the guts to do it TPE style. Now it’s your turn.

By Mike Michalowicz, The Toilet Paper Entrepreneur.

MC-Singer-Songwriter Has a Growing Rep, and Her Label has Big Licensing Plans

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Posted on : 05-11-2009 | By : cara | In : Entrepreneurship, In The News

AmandaBalank

By Dan DeLuca
The Philadelphia Inquirer
(MCT)

PHILADELPHIA — It wasn’t until Amanda Blank started making music that she realized what kind of music she was going to be making.

“It was kind of silly at first,” says the fast-talking and even faster-rapping Philadelphia MC, songwriter and singer, as she sits for an interview in a local cafe. It’s a few days before the release, in August, of her stylistically wide-ranging debut album, “I Love You” (3 stars, Downtown Records).

“I still don’t consider myself a rapper in the traditional sense,” says the 26-year-old Blank, wearing short-shorts, a crucifix around her neck, and sneaks bearing Tupac Shakur’s visage, the morning after a hometown show at the Electric Factory, opening for the Yeah Yeah Yeahs. “And I would imagine that a lot of other rappers don’t consider me one either.”

That may be so, considering that she has taken a nontraditional route to making a name for herself. Blank, whose given name is Amanda Mallory McGrath, took her nom de rap from Jerri Blank, the 46-year-old bisexual, alcoholic, former-prostitute high-school student played by Amy Sedaris in the 1999 Comedy Central series “Strangers With Candy.”

Blank started making music in earnest around 2004 and has since busily distinguished herself as a hyper-sexual, word-slinging associate of such esteemed Philadelphia-connected dance-club music-makers as Spank Rock and Diplo.

You might have seen her covering PJ Harvey’s “Drive.” Or caught her onstage with one of her buddies, such as Sri Lankan agit-pop firebrand M.I.A., or Santigold, the alt-pop star and Bud Light Lime spokeswoman, who guests on “I Love You’s” title track. Like Santigold, Diplo, and Spank Rock (whose 2006 debut “YoYoYoYoYo” was highlighted by a salacious, warp-speed rap by Blank on “Bump”), Blank is signed to the hip New York label Downtown Records.

And the label has plans to gain Blank the same kind of high-level exposure on TV shows and commercials this fall that Santigold has achieved since her debut album’s release last year.

Blank also has been featured sitting on a toilet; unleashing profane couplets in the R-rated music video for “Loose” by Bangers & Cash, a side project of Spank Rock’s; and adding pizzazz to Britney Spears and Ghostface Killah remixes. Along the way, she admits that she earned a reputation as “a raunchy Gwen Stefani.”

But “I Love You” effectively tweaks the expectation that Blank is merely a foul-mouthed spitfire. Songs like the Depeche Mode-influenced “Shame on Me” and the soul-baring “Leave You Behind” suggest there’s a vulnerability lurking beneath the scandalous exterior. In fact, Blank says, her mother told her, “Honey, I think your album is beautiful, and I can listen to every song!” (Other moms might disagree.)

“I grew up listening to rap music,” says Blank, who was raised in a multiracial neighborhood by now-divorced “hippie parents.” She got thrown out of high school (“I was a bad girl, running wild,” she says) before earning a diploma at home. “I love rap. It would be amazing if I could do what Jay-Z does, but I don’t think I can. But what is interesting is that, when I started to write songs, my brain just went into rapping.”

Blank also sings in the perverse, and often perverted, Thom Lessner-fronted electro-pop group Sweatheart.

She says that band, which includes singer Rose Luardo, “is a really important part of my life. … People think it’s just a little side project, but it’s just as much a part of my life” as the solo career.

With a penchant for outre stage antics — Blank once dressed as an order of McDonald’s fries for a gig made up almost entirely of Prince covers — Sweatheart is also an outlet for Blank’s instinct for theatrical self-transformation. (Speaking of Prince, “I Love You” includes a quaking cover of “Make-Up,” a song written by the purple pipsqueak for his ’80s proteges Vanity 6.)

Blank doesn’t write for Sweatheart, whose forthcoming EP “Tell Your Sister” is, she says, “a bit more polished, a bit more rock ‘n’ roll” than its 2006 debut, “So Cherri.” “Thom is the brains of the operation,” she says. That creatively frees up Blank, who has a dust-covered South Philadelphia apartment in which to live when she’s not touring, as she has been in recent weeks with indie-rock duo Matt and Kim.

All that touring turned Blank into an artist of growing confidence, shedding the self-doubt of a period when her rapping persona seemed to her “not as cool as Peaches and not as tough as Lil Kim.”

“Once I started writing songs,” Blank says, “I was like, ‘This is what I should be doing. This is what I love.’ ”

Josh Deutsch, the owner of Downtown, says, “There aren’t that many people who can do as many things as she can do.” The label has also signed Blank to its publishing wing and specializes in breaking artists through licensing songs to commercials and TV shows. He said Blank’s ability to reach fans of hip-hop and rock and electronic music has allowed Downtown “to take a multidimensional approach to marketing, like we did with Santi.”

Downtown’s roster, which includes Gnarls Barkley and much-buzzed-about Chicago rapper Kid Sister, became chock-full of Philadelphia artists by accident, says Deutsch.

“I started to work with Spank Rock and Santi at the same time, and that led to signing Amanda and a broad-based partnership with Diplo and the Mad Decent label,” Deutsch says. “I didn’t wake up one morning and say I need to sign everything that moves in Philly. It’s such a talented group of people who all came up together and are so collaborative. From my perspective, there’s something in the water in Philly that’s pretty great. They each have a distinct style, and what I look for in any artist: a significant voice and great songwriting.”

After Moby’s 1999 blockbuster “Play,” Deutsch says, Santigold’s debut “is one of the most-licensed albums of all time.” He won’t confirm a Billboard report that every track on “I Love You” has already been licensed, but says, “We’re taking the same approach, and we’re having an absolutely overwhelming response from the licensing community.”

For Blank’s part, she says that every time she goes to Downtown, she asks if they’ve placed her songs on “Gossip Girl” yet. “I’m obsessed with teen dramas,” she says. “My whole life is like a teen drama. That’s what I should call my next album.” She jokes that she’d gladly don a Budweiser bathing suit if it meant scoring a deal with Anheuser-Busch.

“I’m a rapper,” she says, slipping into an exaggerated hip-hop persona. “I’m trying to make that money!” But seriously, she says, “I feel very confident in who I am as an artist and a performer …

“I’ve got bills to pay, and I need to make money. I don’t know if people are going to buy my record. So if (Downtown) is going to find something that fits and is cool, go for it. I mean, I wouldn’t license my (stuff) to the NRA or nothing. But I don’t think they would want me anyway.”
———
(c) 2009, The Philadelphia Inquirer.
Visit Philadelphia Online, the Inquirer’s World Wide Web site, at
http://www.philly.com/
Distributed by McClatchy-Tribune Information Services.
—————

 Photo from http://www.downtownmusic.com/artist/amanda-blank

The Entrepreneur’s Costume (Hint: Dress Like Your Brand)

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Posted on : 30-10-2009 | By : cara | In : Entrepreneurship

Masked_woman_300

Some entrepreneurs spend more time picking out a Halloween costume than they spend developing their own personal image. Even women, who traditionally allocate more time and energy to their appearance, often follow trends or societal norms when choosing a personal style, which is nuts, because then they just end up looking like all of the other women at the table. Brand before fashion, people!

Whether you like it or not, you are your brand. Even if your business is not centered on your expertise, you still have to represent your company in meetings and at public events. Even if you’re an über geek with serious agoraphobic issues you still have to Skype from time to time, and when you do, you better “look the brand.”

My company is not a three-piece-suit company, so I don’t wear one. Ever. I know what my brand message is, and I dress to fit that image-all of the time. Message. Consistency. Message. Consistency. The most successful entrepreneurs in the world know to follow these simple rules when walk into their pimped out closets every morning.

Take Martha Stewart. Her everyday look is the same as her on-screen, in-print costume: country estate meets self-made media mogul. Orange jumpsuit aside, she dresses to suit her carefully planned image for every occasion.

Or look at Hugh Hefner. From the beginning he dressed according to the Playboy image, complete with James Bond suits and velvet smoking jackets. You’re never going to see this guy in sweat pants or Bermuda shorts. His look is so consistent, so famous, people actually show up for Halloween as Hugh Hefner. Now that’s a costume.

Dressing like your brand goes beyond consistency. Martha and Hugh dress not only according to their company’s image; they dress to embody the aspirations of their target market. Martha wears her tailored suits and cashmere sweaters to appeal to every wannabe domestic goddess. And Hugh dresses like he either got some, is about to get some, or both, which plays into men’s fantasies-not that I would know that or anything.

When dressing like your brand, remember to think about the whole picture: hair, shoes, jewelry and other accessories. Richard Branson, one of the most successful entrepreneurs, dresses to the spirit of his brand: adventure. He’s a bit of a rebel, and he has the hair to prove it. When people see a picture of him they get him, and more importantly, they get his brand. That’s why you’re never going to see him with a crew cut.

So, are you dressing according to your company’s image, or are you showing up to Chamber of Commerce meetings looking like a schlub-or worse, like everyone else?

This upcoming Halloween, and every day thereafter, go as your brand.

 By Mike Michalowicz, The Toilet Paper Entrepreneur

Urban Storyteller: Gil Green Directs Some of Hip-Hop’s Hottest Videos

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Posted on : 29-10-2009 | By : cara | In : Careers, Entrepreneurship

By Audra D.S. Burch
McClatchy Newspapers
(MCT)

MIAMI — Music video director Gil Green is in a dank, bombed-out warehouse, surrounded by what might seem like the predictable panorama of stock hip-hop imagery: especially fine women, a six-figure ride and a couple of iced-out rappers.

Yet Green — who has become one of the decade’s definitive directors of hip-hop and dancehall — delivers cinematic videos that manage to be real and socially responsible. More raw storytelling than hyperbole, Green’s visual interpretation of rapper Black Dada’s remix single “Imma Zoe” is a finely woven urban narrative of a Haitian boy’s journey to the United States. Like his other three-minute productions, Green hopes his refreshing narrative vision will give more texture to the way popular music is experienced.

“There’s a way to think and step out of the box and interpret the music in a positive way,” Green, 34, offers the next morning at a Fat Joe video shoot hours before he heads to Shanghai to work with rockers Linkin Park.

“I work hard to transcend the stereotypes.”

And not just in music videos. As dozens of crew members work to tame the typical madness of a video shoot, the easy-going Green sits on a nearby picnic bench discussing his first film effort — a coming-of-age story about four teenagers who grow up in Miami.

“I am a narrative-driven director,” Green says. “I feel like if I can capture people’s attention for three minutes, that’s great. If I can do it for 90 minutes, that’s even better,” he says, struggling to be heard over the buzz of cicadas delivering their own kind of soundtrack. “I really want to do a film that after people see it, and the credits are rolling, they are reflecting on their own life or the larger society.”

Over the last dozen years as hip-hop expanded its reign over popular culture, Green had built a respectable career working in the music industry bookends of New York and Los Angeles before his recent return to South Florida because of a family illness. He has worked in almost every genre from hip-hop and reggae to pop and rock; his videos rotate heavily on those arbiters of popular music, MTV and BET. Among the artists on his roster: Akon, DJ Khaled, John Legend, Sean Kingston, Natasha Bedingfield, Lil Wayne.

Green considers his videos — many produced on location in South Florida — to be artistic compositions of resonant images, metaphors and stylized moments. “Three-minute movies shot over two days,” he says.

He has directed more than 100 videos and has declined proposals for dozens more because of the slangin’-and-bangin’ lyrics that celebrate the music’s ugliest angles. He has won a handful of MTV and BET honors and is behind some of the popular And 1 commercials.

“Gil can create the craziest images that seem to come out of nowhere. He explains it, but you cannot see it until you see it through his eyes,” says Black Dada, a Haitian-born rapper now living in Fort Lauderdale.

In 2003, Green won Best Music Video from the Source Awards for Lil Jon’s “I Don’t Give A,” a chaotic club banger that showcases the power of Southern-flavored crunk. The next year, he was nominated for the MTV Music Video Award for Elephant Man’s” Pon Di River” and was named Top Music Video Director in the Source’s Power 30 Edition. He won the 2008 MTV Video Music Award for Best Hip Hop video for Lil Wayne’s “Lollipop.”

Just as Green began working toward writing and directing feature-length films, he returned to South Florida with his wife, a special-education teacher, so he could spend more time with his parents. The couple has a 5-month-old daughter.

“It’s good to put my footprint in all three cities,” Green says. “Now it feels good to be back home in Miami, which has become a great melting pot for music. I feel like I am coming full circle.”

The son of a freelance tour guide and a regional food-product manager, Green grew up as Miami was forging its hip-hop identity, its tapestry of bass, New York rap, dancehall and reggae. He was born before Luther Campbell and 2 Live Crew put Miami on the map and was just starting out when the second generation of Miami rappers — Trick Daddy, Trina, Pit Bull, Rick Ross, Flo Rida — went national.

Green was baptized in the music first as a breakdancer at Henry S. West Laboratory School in Coral Gables and a freestyle rapper at South Miami Middle School. By the time he was a student at Coral Gables, he was a house-party DJ, peddling mix tapes and spending free time hanging at reggae sound clashes in the warehouses of Perrine. Even then, he saw the world in visual terms and turned in video presentations as his book reports.

“I think he related to me because I was one of those wild and crazy teachers who taught outside of the box,” says Diane Machado, who taught Green philosophy in Gables High’s International Baccalaureate Program. “I would burst into the classroom and say ‘Showtime!’ and he would be the one to say, ‘Let’s roll!’ ”

Machado has exposed hundreds of students to the art of thinking big and absorbing more, but Green, she says, stood apart for qualities beyond his 6-foot-4 frame, his charm, his curious blend of good guy and b-boy ways.

“Gil was never hesitant about anything.” Machado says. “From the beginning, he was ready to take off. He just needed a launching pad. He had a decided rhythm about his writing, and he was creative. You knew he was meant to do something.”

That he was a white guy fully immersed in what small thinkers would call a black world was beside the point.

“Gil is absolutely comfortable in his own skin and knows his own mind. He is one of those people who can cross so-called boundaries and do it authentically,” Machado says. “He doesn’t wear strait jackets.”

For his thesis project at New York University’s Tisch School of the Arts, Green borrowed $5,000 and sold his car to produce a music video for his Miami rap duo Backlive, which included Andre Grant, his friend since second grade.

That 1998 video for the single, “1000 MCs,” a surprising hit, went into regular rotation on Yo! MTV Raps and BET’s Rap City and launched Green’s career.

While in college, Green worked as a production assistant, putting in endless hours to absorb the fundamentals of video — angles, pace, mood, lighting, story telling. He graduated in 1998.

When he got his first directing gig a year later, Trick Daddy’s “America,” he easily could have succumbed to hip-hop’s often one-dimensional, hypersexual, get-money repertoire. But here’s the thing: Green is the antithesis of the stereotype. He doesn’t drink, get high and rarely, if ever, curses.

So he shot for more, keeping it real but not “too” real.

Green flirts with the danger but doesn’t always indulge it. His videos are frenzied, sleek, gritty, sensual and authentically urban. There’s no shortage of eye candy, but there also are meaningful social themes: The Trick Daddy video, using the American flag as a backdrop, challenges the notion of equality for all groups. The video for Frankie J’s “Daddy’s Little Girl” showcases the intensity of the father-daughter bond.

“Of course we have pretty women and fly cars in the videos, but the idea here is not to exploit them,” Green says. “The video should be a reflection of the music in some way, but it’s a matter of striking a balance. The steady stream of exploitation has tainted hip-hop and the American culture.”

Meaning those on the frontlines have to commit to something better.

“Music is often a reflection of the culture or a particular segment of society,” says Shelton Berg, dean of University of Miami’s Frost School of Music. “Hip-hop has been around 30 years and permeated a much bigger segment of society. Now, videos have the opportunity to be recast, to tell a bigger story.”

Which is precisely the thinking that drives Green’s move to movies.

He started working on the project several years ago, casually jotting down the most poignant memories of his childhood. The themes were familiar: family, dreams, struggles, love, love lost.

“It’s about stuff I have seen growing up in Miami,” he says coyly. “It takes place through the perspectives of various kids from the many ethnic groups that make up Miami.”

The movie is just as much about Green’s next chapter as it is about his home town.

“I had spent all this time thinking about what my legacy would be,” he says. “I kept going back to how could I make the world more positive.”
———
(c) 2009, The Miami Herald.
Visit The Miami Herald Web edition on the World Wide Web at
http://www.herald.com/
Distributed by McClatchy-Tribune Information Services.

—————

CRANK UP YOUR SOCIAL MARKETING SAVVY

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Posted on : 15-07-2009 | By : cara | In : Entrepreneurship

JOIN INTUIT FOR AN ONLINE “CRAM SESSION” ON SOCIAL MARKETING, JUST FOR YOUNG ENTREPRENEURS

WHAT: Young Entrepreneurs will have a chance to beef up their social marketing knowledge by attending this online event, hosted by Intuit. Hear from three panelists on how they are utilizing social marketing for their businesses, and get tips and best practices from other young entrepreneurs on how they are making the most of social platforms such as Facebook and Twitter to get customers.

WHEN: July 15, 2009

12:00 p.m. – 1:00 p.m. PT

WHERE: Join the interactive session online by clicking this link.

**The event is limited to 300, so make sure you arrive on time!**

WHO: Young Entrepreneur panelists are:

§        Alice Shin, creative director of Kogi BBQ, a Korean BBQ taco truck restaurant in Los Angeles (also a Small Business United Grant Competition Finalist).

§        Caanan Meagher, owner of KwickCart, the instant and friendly taxi service on three wheels based in Silicon Valley.

§        Ryan Paugh, head of marketing at Wisconsin Relic, the maker of trendy premium apparel, and co-founder of BrazenCareerist,  an  community site for Gen Y thought leaders.

RESOURCE LINKS: Questions will be taken live during the event.

§        Follow on Twitter by searching #yecram

§        See the free Word-of-Mouth Marketing Toolkit

§        Check out the Small Business United Blog

Click to join.

Pass “Go”? Fat Chance

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Posted on : 27-02-2009 | By : cara | In : Entrepreneurship, Generation Y, In The News, Students, Credit Cards and Debt


By John Ewoldt
Star Tribune (Minneapolis)
(MCT)

The game of Monopoly has been reinvented. Again. The new edition, called “Here & Now: The World Edition,” is cashless. Each player uses a debit card to pay deposits and withdrawals. Pass “Go” even once and you collect $2 million. The iron, dog and cannon have been replaced by a pretzel, koala and soccer ball, among other icons. One landing on Montreal (the new Boardwalk) or Belgrade (the new North Carolina Avenue) with a hotel and you’re probably out of the game.

Unfortunately, Parker Brothers’ new version still seems out of touch with today’s economic realities. A gander at the Community Chest and Chance cards includes collecting $250,000 profit from a Parisian fashion boutique and a travel company netting $2 million in sales for the lucky draws. Get real. Today’s economy calls for thrift-store chic and “staycations.” Let’s go back to the spirit of Charles Darrow, who created the original Monopoly back in 1934 when he was unemployed during the depths of the Great Depression, but with a smack of snark for a modern edge. Which cards might Lady Luck show us today when we land on Chance?

Your identity is stolen. Pay $750 in out-of-pocket expenses to restore your tarnished good name.
You “forgot” to pay the water bill. Pay shutoff and reconnection fee of $108.

Your car is towed during a snow emergency after you pass out drinking cranberry Manhattans. Pay $172.

You sell your Precious Moments and baseball card collections on eBay to raise cash. Collect $1,000.

Congratulations: Your kid can’t cut it at the private college. State school it is. Save $10,000.

Take a ride on light rail. Unfortunately, you can’t figure out how to pay the fare so you’re busted for nonpayment. Pay $180.

There’s an election error in your favor. Advance to the U.S. Senate to collect a $169,300 annual salary and lucrative health benefits.

You win $1,000 on the slots, but can’t quit while you’re ahead. Pay $500 from your cash advance account.

You adopt simple living techniques and abandon Needless Markup and Whole Paycheck for thrift stores and low-cost grocers. Collect $2,000.

Bad news, good news. Your adult son moves back in. You collect $2,000 of the $6,000 he owes you before he’s tapped out.

Pick 5 pays off. You match four of five numbers. Collect $500.

Your home value plummets 30 percent. Your property taxes decline 2 percent. Save $50.

Electricity usage has increased thanks to sales of plug-in cars. Your Xcel Energy stock pays a dividend of $250.

Your pessimism pays off. You profit $2,000 on a short sale of your favorite retail stock.

The city decides that your street needs repaving. Cough up your share of the potholes, $1,500.

You’re fired as chairman of the board. Collect $2 million from each player for your golden parachute.

Monopoly game over. The game of Life begins.
___
© 2009, Star Tribune (Minneapolis)
Visit the Star Tribune Web edition on the World Wide Web at http://www.startribune.com
Distributed by McClatchy-Tribune Information Services (www.mctcampus.com).

_____

The Mark Cuban Stimulus Plan – Open Source Funding

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Posted on : 12-02-2009 | By : cara | In : Entrepreneurship, In The News

Mark Cuban, owner of the Dallas Mavericks and Chairman of HDNet, is a billionaire. He’s an entrepreneur and he’s successful. So when he comes up with a new idea of how we can save the economy and get out of the mess that we’re in, it might be worthwhile to listen.

Mark Cuban has decided to get in the game by supporting new business ideas that will create jobs. He offers to fund any good business ideas with his own cash. His stimulus plan is based on Venture Capital. He calls this, “an open source funding environment.”

Cuban has posted some “Rules of Engagement” on his blog. One of his first rules is that your business cannot generate revenue from advertising. He believes that getting paid for something you sell is the only way for a business to stay profitable, stating that that is “the only way to stay profitable for a short period of time.” He also demands that the business break even in 60 days and make a profit in 90 days.

If you are a young person with a great idea this could be a good opportunity for you.

http://blogmaverick.com/2009/02/09/the-mark-cuban-stimulus-plan-open-source-funding/

What do you think? Can this idea work?

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