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iamshykelcy Time to go get this shmoney #imabusiness #branded #sweetsummer37 3w

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brownskingames Sitting in Starbucks and overhearing a group of guys starting a business. Dudes, were totally clueless. From determining the equity splits, to commissions and salaries. Which is mostly what they spent their time talking about. I wanted to lean over and say hey why not use the "Slicing Pie" method to determine dynamic equity as opposed to pre-determining fixed equity?

But then I realized their problem begins with simple business vocabulary understanding. It's like this, if you want to participate in the life and culture of another country, you need to know its language and customs. Business is no different. I'm not saying you need an MBA but has a language of its own language and you need to learn it if you plan on going into business. And while you're at it pick up on some of the business customs and get a basic understanding of important business functions such as accounting, finance, marketing, strategy and so on.
#Business101 #ImNotABusinessman #ImABusiness #Man #BrownSkinGames #ImComing #IWantIt #HaveForgottenMore #ThanMostWillEverLearn #ThisIsNotAGame #ButGameTheoryApplies #Chess #MixedStrategy #Cooperative #NashEquilibrium #RockPaperScissors #JustSeemsEasy
4w
  •   yeticulture Well said @brownskingames! Without at least basic knowledge in business, you may not know how to run it! It can be frustrating when a teammate knows everything but the others question them because they don't really know anything about business. 4w
  •   brownskingames Yeah, just learning the vocabulary will help. 4w

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brownskingames 2 of 3
You don't have to be an expert in accounting for instance, but at least understand the role cash flow statements and balance sheets play. And I'm not saying become a strategy guru unless you want to but damn at least understand the importance of developing and implementing a strategy for your business.
And know how this stuff fits together. Like maybe why a marketing decision could have a serious impact on your strategy or why your human resources practices may affect your business competitive position in its industry. For instance if you discriminate, you will end up paying higher salaries simply because you will have a smaller pool of people to hire from, duh... Plus you just might get sued which is more costs.

#Business101 #ImNotABusinessman #ImABusiness #Man #BrownSkinGames #ImComing #IWantIt #HaveForgottenMore #ThanMostWillEverLearn #ThisIsNotAGame #ButGameTheoryApplies #Chess #MixedStrategy #Cooperative #NashEquilibrium #RockPaperScissors #JustSeemsEasy
4w

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brownskingames 3 of 3
About that math you thought you would never use... A basic understanding of statistics and quantitative techniques will go a long way in quality control, accurate forecasting and resource allocation when it comes to production management, marketing, finance, R&D and general business planning. And let's not forget the simple math needed to crunch numbers for revenue, costs and operating budgets to name a few.
In short, get help if you need. You can't be an expert in everything. You just have to figure out what you don't know which is easy, if you are honest with yourself.
#Business101 #ImNotABusinessman #ImABusiness #Man #BrownSkinGames #ImComing #IWantIt #HaveForgottenMore #ThanMostWillEverLearn #ThisIsNotAGame #ButGameTheoryApplies #Chess #MixedStrategy #Cooperative #NashEquilibrium #RockPaperScissors #JustSeemsEasy
4w

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champdibiase It's not RocketScience Man #NuffSaid #BossUp #KING #FollowMe to the light Young G.. #SelfMade #ImABusiness #HardWorkPays 4w

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primogenus New Lower Grill, thoughts? 1mon

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