Many business owners lack a formal education in the general field of business, where much to be learned is actually found outside of the classroom in applying such education. Hence, business is a field requiring that a proper "team" be forged where "good help is hard to find". Professional advice backed with continued due diligence is an unbeatable investment, where success in a "capitalist" world requires an education in the essence of "capitalizing on capital". The oscillation of competition has historically shown forging of work-product to continue increasing the evolving "standard of living", where consumers are provided with numerous options setting the "equilibrium price" by and through "supply and demand" models. On the adverse, competition has shown Darwinian "natural selection" modes of survival showing the struggles of "self governing" environments, requiring "socialist" ideologies as a safety-net. Shift In Consciousness:
a. Mentality (Employer v. Employee) -Rich Dad, Poor Dad (Consciousness) -Chequebook (Balancing, Discipline) b. Read Numbers (Accounting) -Balance Sheet (Liquidity: Assets v. Liabilities) -Cost Efficiency (Maintenance) -Ownership (Investment or Depreciation) c. Analyze Business (Researching) -Financial Ratios (Health) -Management (Insider Trading) -Decision Tree (Probability) -Business Plan (Blueprint Goals) -Growth (Future Contracts) -Marketing (Target Demographic Influencer) -Public Relations (Demand) -Hiring (Influencers) -Branding (Goodwill) -Negotiation (Network and Sales) -Products (Novelty, Production, Chain, Storage, Retail, Sales, Product Cycle, Liability) -Services (Quality, Education, Competition, Uniqueness-Differentiation) -Market Studies (Research Demand, Value-Pricing, Competition Comparisons) d. Economics (Behavioral Studies) -Pricing (Supply and Demand) -Market (Competition) -Consumer (Consumption Behavior) -Trends (Current Behavior and Attitudes) -Business Cycle (Bull v. Bear) -Bank Reserves and Interest Rates (Business Loans) e. Investor (Social Behavior) -Timing (Long Term v. Short Term) -Contrarian (The Intelligent Investor) -Volatility (Market Behavior) -Risk Management (Assess Options) -Diversification (Against Risk) -Other People's Money (Banks, Ventures, etc.) f. Legal (Environment) -Friendly (Business v. Consumer) -Separate Legal Entity (Separate Liability) -Asset Protection (Liability Haven) -Protection (Bankruptcy) -Ethics (Business, Investor, and Banking Schemes) -Regulations (Costs v. Efficacy; Who Actually Benefits?) -Marital Property Laws (Separate v. Community) g. Law (Litigation) -Fraud/Negligence (Representations) -Unfair Business Practices (Improper Advantage) -Contract (Employment, Entertainment, Business) -Unlawful Detainer (Tenancy) -Intellectual Property (USPTO) h. Politics (Power) -Laws (Business v. Consumer) -Taxes (Mentality: Employer v. Employee) -Health (Employer v. Employee v. Government_Taxes) -Environment (Industrious v. Progressive) -Globalization (Products and Work Force) -Immigration (Competition v. Need) -Censorship (Manipulate or Distort Setting) -Media (Emotional Entertainer, Conditioner, Influencer, Idol) -Confidentiality (Protection v. Abuse) -Legal Access (Rights And Biases) i. Navigation (Governing Control) -Policing Authority (Constitution Enforcement and Limitations) -Security (Privacy: Protection of Persons, Things, and Data) -Pirating (Financial Detriment v. Marketing Benefit)
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