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OPMT 4438. Week 1 – March 18 th , 2013. http://www.wavefrontac.com /. http://vef.org /. http://gangplankhq.com/vision /. Course Approach. “There are no spoons, only danger!”. Pirate by Sincere Stock , CC by 2.0. Starting a new venture?. - PowerPoint PPT Presentation
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OPMT 4438Week 1 – March 18th, 2013
Course Approach
“There are no spoons, only danger!”
Pirate by Sincere Stock, CC by 2.0
Starting a new venture?• Who already has a business they are working on?• Who would like to start a business some day?• Good to have a “Plan B”
• It might end up being better than your Plan A• E.g. Procurify example
Building a killer team• Hacker• Hustler• Hipster
http://www.techvibes.com/blog/growlab-announces-its-five-winter-2012-cohort-companies-2012-11-20
!!!!
http://www.nytimes.com/2008/01/13/business/13digi.html?pagewanted=all&_r=0
… another student grad that pursued his “Plan B”
Tax Implications of Sole ProprietorshipAre you really a business? You must have a “reasonable expectation of profit,” can’t be using business to create a lossYou must have good record keeping and a start date
• Revenue• $500
• Salary:• $40K• - 5K business loss• ====• $35K taxable income• $1500 tax refund
• Expenses• - cell phone• - Internet access• - part of your rent or mortgage interest
• - part of your car• - office supplies• - $10 /yr domain• - $70• - $5500
Make it count!• Why waste your time doing a fictional project when there
are opportunities in “real life”!• Developing a business model is a great way to see how
the business courses you are taking at BCIT tie together
Stephen Blank
http://uk.reuters.com/video/2012/05/02/steve-blank-on-entrepreneurship-part?videoId=234868221
Good to watch from 4 to 6 min. mark
Business analysts act as intermediaries betweenbusiness units and developers
Finance
Accounting
Human Resources
Marketing
DeveloperBusiness Analyst(MIS Major)
http://www.businessmodelgeneration.com/canvas