revisit tragedy: early+often.

The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

http://www.crisisofcredit.com/

THEN+NOW

"we be steady schemin'." --anonymous broker/lender/wall st trader/investment banker.

now + then = [eventual] opportunity.

in a not sodistant past, the us housing market lookt like this. relatively healthy, one might say:
fast forward a couple of years + missed payments to this picture:moral of the story: do not buy a $500US iPad only to sell it on ebay in 6 months for a fraction of the expnse.

"gotta get at the gettin while the gettins still good." --anon.

entrepreneur: state of mind

"if ur the sh**, then im trynna get sewer rich."

According to the Small Business Administration, only 44% of new businesses last more than 4 years. In addition to that 60% of businesses are either losing money or are breaking even.

So even if you aren’t going to create the next multi-million dollar company, it doesn’t mean you can’t learn from the mistakes successful entrepreneurs have made.

hit the pic to jump to the article at quicksprout.com chronicling ten successful entrepreneurs currently running companies worth $50+ million. they talk about some of their struggles on the way to building overwhelmingly successful businesses and companies.

i thnk capital allocation is the biggest mistake most entrepreneurs/start-ups make. spending too much or spending too little. spending all the money in all the wrong places. throwing away money and not putting some away under the mattress for a rainy day or a hurricane.

"the united states economy is like the titanic, and i am here with the lifeboat trying to get people to leave the ship... i see a real financial crisis coming for the united states," said international fund manager and us senate candidate peter schiff.

"big house. long hallways. got ten bathrooms. i could sh** all day." --lil wayne 'we be steady mobbin.'

the real-est biz advice.

i am constantly staying up-to-date on business news and philosophies via inc magazine and fastcompany magazine print issues and websites + weblogs. the latest gem comes from a post two weeks ago on inc's business owners council blog:

I'm looking forward to reading a new book, "Profits Aren't Everything, They're the Only Thing" by George Cloutier.

According to the blurb, "this blunt work will not be for the timid business owner afraid to re-evaluate...". He offers some harsh lessons for those in business, such as "love your business more than your family" and "teamwork is vastly overrated."

Indeed, business success tends to flow towards those who are willing to do the most to get it: the hardest working, the most focused, the most cut-throat, even.

To get wealthy, you need one or more of the following things to happen:

• Be born wealthy or marry into wealth


• Get very lucky--this is the strategy for those savvy lottery players out there


• Be extremely talented at something valuable--the route for most who aspire to Hollywood or sports fame (best when combined with "luck" above)


• Work very hard and put wealth creation first ahead of almost everything else.

Which of these approaches are you counting on?

ive been trying to extol these values throughout my journey as a young entrepreneur and on this weblog. i dont not generally subscribe to modern american politics. i would classify myself as an anarchist-libertarian, if i had to classify myself. i have emotions. i feel for the poor and downtrodden, but i am also a realist. i do not expect anyone to help me out. the rich do not care for the poor, and why should they? one of my goals of amassing great wealth is to be able to make the world a better place. the accumulation of wealth is not inherently bad. the reason why things are in the state of affairs that they are, is because not enough people who care about the poor, the sick, the environment, etc. have put themselves in positions of money+power enabling positive change to occur.

no offense to ghandi, mother teresa or mlk jr, [i hold their methods and ideals in high regard] but id rather look to be a bit like a rockefeller, carnegie, vanderbilt or rothschild.. no?

"voted obama but mccain was my tax bracket tho.. i sarah palin h**s." --the clipse: 's.l.u.' from the free 2008 mixtape play cloths presents: road to til the casket drops.

entrepreneur: rob dyrdek

rob dyrdek straight does work, son. real talk, true story. professional skateboarder, actor, entrepreneur, producer, philanthropist, reality television star. bobby diesel. do work[!] son.

inside the...

i keep it all to myself. my vision is retarded. i keep myself doped on my own dopeness. plan for it now for when i have it later. im sure that im certifiably delusional. but at least i know the future is sick. 24 hours from greatness, im that close. or at least, thats how i feel.

my city love me but i got atlanta haters too that just sit around and talk about what they'd done if they was you.. yeah.

"i'ma make alotta money, then im, then im gonna quit this, quit this cr-crazy scene.." --b.o.b.