Downtown L.A's Business Blog

business building-5 steps -downtownlabiz.com

success

1. define success: it could just be, at this point, survival, or more-each business is unique. success could be getting out, clearing the decks and coaching soccer. it could be going back to school. it probably is growth, a focus on cash flow, and revenues.  also…many independent business owners define success as not working for anyone else.

2. set strategy:   strategy=focus, its about differentiating your business on multiple levels-this recession will clear the decks of mid-level players unwilling to engage in high-level branding and marketing, combined with excellent product or service. things will get uglier and winning will mean, conversely, being values driven. how are you different? think: your company, the target market, and the focus that narrows both.

use swot: strengths, weaknesses, opportunities, and threats-as  bulletin points-keep it simple, be honest, be straightforward. clarity in each segment will lead to focus, which will be your strategy.

3. Be concrete, be measurable: who does what? what is the budget? what is the burn rate? how much does it cost? test everything and everyone. deadline everything. focus on prime-mover actions. re-focus (getting a little too focused?-no such thing).  look at leads, look at who in your organization is focused on sales-on cash-flow-whatever their title, whatever their department. revise the business plan-all the time. use the business plan. plan and then be flexible enough to scrap all your precepts-but be in planning mode. planning=strategy=focus=success.

4. make sales-i know-sounds utterly, inane, insipid-but, make some bloody sales. use all the tools available: email mkt, the phone, walk your neighborhood, walk period. survive=talk, talk to people, hand out your business card-over and over and over again. smile. even when it’s tough. build your online identity: today, right now, give up on your mistrust of viral marketing: it works, use it. grow.get over it.

 connect with those groups and people you would not, in any other time, normally hang with: drop judgementalism as much as you can. you need help, you need to make connections. you need to make connections now. keep them. how? by giving them at least as much as what you need from them-your time, ideas. give lots of good ideas. use your ideas as currency. ideas=$. so value your ideas, believe in them and ‘gift’ them to your ever growing list of connections.

5. be planning and revising all the time. make lists, keep notes-and, well focus.

a game changing c.f.o-the importance of having a great mentor in your organization

c.f.o as game-changer
c.f.o as game-changer

as c.e.o i deliberate, i engage in strategic thinking, and I develop the best strategy that should be implemented on behalf of my team, my clients, my family, and my community. most often, strategically, we are right on the money, backed by powerful tactical flanking executed by the team.

 i don’t always know how to handle everyone-i don’t always get interpersonal relationships right: i am burdened by the entirety of the enterprise-which is no excuse-i refuse excuses from others and will not accept one from myself.

but, i can become so engaged in the day’s affairs and so wrapped up in my own ego, that i can’t see the forest from the trees-and the trees are my team. trees need water and the chance to grow.

i became insensibly unable to deal with a member of the team because i could not, through my limited prism of life and business experience comprehend the true nature of that person’s character or abilities-and i gave up. my c.f.o did not. she saw what i did not: a biz developer, a hustler, a beehive worker-a passionate, unique individual whose life experiences, bound together into a quilt of embedded memory make her a valuable player to my clients, my team, and to me.

 my c.f.0, eve, worked with her and what i can see-early days-is an early spring of personal growth and business mojo. always listen in business, always look for the tipping point, which is to be found at the edges, not at the centre, at those moments when you should listen, and are not. effective=active=acting intelligently. that’s what i am beginning to see  in this person that the c.f .o is mentoring, and i am proud and grateful.

we may have a business development powerhouse on our hands in this young acolyte.

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beyond commoditization of customers: from customers to members, from members to members of your tribe.

Posted in Uncategorized by downtownlabiz on May 16, 2009

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green-organic boot-strap v.c funding in south park l.a: hope RIZE

Posted in Uncategorized by downtownlabiz on May 15, 2009

south park los angeles: the world’s next great business incubator- a first step

Friday, May 15, 2009

 

the hopeRIZE fund:finding and boot strap funding GREEN-ORGANIC entreprenenuers

today, brett and I will be filing the securities and exchange paperwork for the hopeRIZE fund: moving toward solution-first round financing for young, dynamic, highly innovative future GREEN ORGANIC entrepreneurs: core component attribute: the startup(s) must be HQ downtown southpark l.a. within the four block LUNA-EVO-EVO SOUTH-FLOWER STREE LOFT schema.

we look forward to working with South Park stake holders to advance this goal.
-martin cavanaugh porter III and brett h tomich.
questions? you can email: info@southparkbusinessincubator.biz 
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50-for-500 club

Posted in Uncategorized by downtownlabiz on May 14, 2009

we cannot remain locked in a disparate darkness of financial road blocks to innovation. 

the best time to innovate, invest, and grow is through a recession by supporting groundbreaking start up-entrepreneurs who often lack the ‘get in the door’ credentials to accelerate their product to market and reach the payback period to investors. 

the los angeles business war room round table must assist start-ups and on-going businesses receive a degree of credit from suppliers, obtain second rounds of financing, and have access to state-of-the art technology to leverage their innovation and bring their product or service to market. 

let us look at the present value, beta, efficiency frontier modelling through the lens: degree to which we can support an innovator succeed.

credit scores: one part of a whole- many individuals credit scores have taken a hit these last years and/or young men and women don’t have enough credit history to have an adequate score.

Let us move beyond the obvious in our collective thinking ”We can’t solve problems by using the same kind of thinking we used when we created them.” – Einstein.

 lets also talk about: innovation scores (can product or service be brought to market or improved and be re-branded in short order with a reasonable expectation of success) and credibility scores (what is the individual’s relationship with his freinds and family like-this is a prime new way of balancing a potentially low credit score). full due-diligence adding criteria that allows for a more balanced view of the potential investment. 

 

brett and I propose the  50 for 500 club to begin to provide direct, technical,branding, ongoing strategic advice and limited financial ‘boot strap’ assistance to one potential innovative, entrepreneurial  graduate from the USC Marshall School of Business through the South Park Business Incubator (a private business incubator, a business  unit of the South Park Development Group). much more to come about the 50 for 500 club in the days ahead.

 south park biz incubator (also called la biz incubator) would provide legal, technical, office, branding and marketing assistance (unlimited email marketing campaign blasts, free, best of breed website-on line ecommerce presence, viral-SEO marketing, business planning, and assistance in 2nd and third round financing) for the life of the start-up company, taking a 10% interest.

members of the 50 for 500 club in return for each member putting up a $500.00 stake in the venture, collectively own 10% interest.

it’s a new model: double down on the angel  investor model and drive innovation and the hopes of start-up businessmen and women.

the 50 for 500 club will be on the agenda  at the first war room round table.

questions? ideas? email: btomich@southparkbusinessincubator.biz or mcporter@southparkbusinessincubator.biz

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entreprenuer magazine blog posting on forbes legacy ventures llc-l.a biz incubator inc

Posted in Uncategorized by downtownlabiz on May 14, 2009
flvllc.com

flvllc.com

entrepreneur magazine’s blog has said of forbes legacy ventures llc’s model is that it is a hybrid v.c, branding, ecommerce organization both % -equity based and or fee based that is the first organization that seems to be flexible enough to provide concrete, universal solutions to small-medium businesses. they have integrated business consulting with v.c allowing small business access to technologically complex solutions and focused growth strategies at a very reasonable rate….”

forbes legacy ventures llc is so pleased to announce that they are being closely watched by business week , whole foods blog, and the real estate industry report: they are humbled-they feel it is thier duty to  live up to the accolades…..forbes legacy ventures llc- the south park development group-l.a biz incubator will endeavor every day, in every way to provide maximum value to its clients

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e-raod cycle, update 2

Posted in E-Road: zero carbon emission mode of transport by downtownlabiz on May 13, 2009

E-ROAD Update 2

the forbes legacy ventures team will be test driving the E-Road this sunday at, 2pm.

almost zero carbon emissions

seems perfect for downtown….we will keep you posted…

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korean airlines: downtown’s biggest booster-exemplifies korean business practice: the mentality of a warrior

Posted in Uncategorized by downtownlabiz on May 12, 2009

Korean Air

Korean airlines: a developer? yup. the only player spending a billion plus to build downtown los angeles’ newest, biggest, tallest, most state of the art skyscraper.

go figure: investing through the recession.

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a better farmer’s market for downtown los angeles update 2(first posted in southparkla.com)

Posted in Uncategorized by downtownlabiz on May 12, 2009

happily, a key and important stake-holder in our south park community has conditionally embraced the idea of a weekly farmer’s market for the community.

further, he has brought to the table some very forward-thinking, well thought out ideas, reorienting our own conceptions-essentially, significantly improving on them.

based on our chat, (this gentleman was very patient with us and gave wide berth to the overly energized c.e.o), we will continue to move forward with our plans to develop a weekly, organic, widely-ranged farmers market.

the stake-holder opened up for us the extent of the potential market-from FIDM north, to the California Hospital Med Center to the south, LA Live (Ritz-Marriott) to the west, and a vitalized, vibrant ‘edgy’ mix of lofts to the east.

the community thanks him-I certainly do.

we will keep you posted on this potential game changer: more community activity, more connectivity: bringing ‘neighborhood’ to steel towers and lifting quality of life.

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