WiSpots

 I feel it is important that when you are starting up your own company you should never put your family, friends and even your house at risk with money.  You should try and have a group of advisors that can review your idea before you put all of your money into it because if you put all of your money into it and then ask and it turns out its not that great of an idea then you basically lost all of that money you put into it.  If it is a great idea then you can talk to that group of advisors and see if they would like to invest into it because if its a great idea chances are they will.

If you have put allot of money into a company and have had many groups of investor tell you that it isnt a good idea you should stop working on it and quit on the idea instead of digging your self into a bigger hole than your already in.

Mr. Todds Pies

At first Todd wanted to give away 10% of his business but the sharks wanted much more than 10% because they didnt want to take a chance of having Todd do the same thing he did in the past.   They came to an agreement of 50% of the company.

I feel that Todd agreed to 50% because he wants to see the company grow and in order to do that he has to give up some of the company, in this case 50% of the company along with the great knowlege from the sharks, so since he wants to see this company grow he made the deal of 50% of the company.

At first Todd was over evaluating his company by only asking for 10%.

Google

Google is a great company that does many different things that most companies don’t do. One rule is don’t change your company logo, but Google goes against that and changes their logo every time there is an event happening in the world.

Another great thing about Google is that they give their employees great benefits and allow their employees to have time to relax and have a good time while working, they also allow their employees to make a difference to the company no matter who they are, so if an employee has a great idea for a product at Google they allow them to work on that which is great as most companies only let employees do one specific thing which tends to get boring after a while.

I learnt from Google that allowing your employees to have a good time at work by giving them good benifts such as sports, free food, playing games etc. will allow them to have fun at work and look forward to coming to work and not only receive those great benifits, but also make a change in a large company that not thousands but millions of people around the world will notice right away.

Greed vs Get it done

In order to start a successfull business and bring in a good income you you have to be willing to give up a reasonable portion of your business to investers to help get your business going, you cannot be greedy and expect investors to give you money if your not willing to give up a reasonable portion of your company/business.

Mark Zuckerberg

Facebook is a social networking website that almost everyone knows about but much people are not aware of how it started and what went into the making of facebook.  Facebook was started by Mark Zuckerberg along with fellow classmates in their dorm room.  Facebook was first started as a way for classmates to easily get in touch with each other as some people do not have cell phones.

Mark Zuckerberg has inspired me because he started his business at such a young age which is really cool because most people wait untill they are older so they have more experience but him and his friends just went for it and started it in a small dorm room and now its one of the largest companies in the world which i think is awesome.

Steve Jobs

Steve Jobs the co-founder of Apple computers built the first user friendly Mac computer in 1980.  In 1985 Jobs lost a power struggle between the board of directors and was fired from Apple inc. he then founded the company NeXT which focused more on the business markets of computers. 

In 1986 he started the company Pixar Animation Studios and remained the CEO until its acqusition by Walt Disney in 2006.

In 1996 Jobs returned to Apple as Apple annoucned it would buy NeXT for $429 million

Richard Branson

Richard Branson is the owner of the brand Virgin which runs over 300 companies and over 55,000 employees.  At the early age of 15 Richard Branson dropped out of school and had a learning disorder called dyslexia, even with this disorder he battled to succeed as a successful business man.  Branson first business venture started at the age of 16 when he published a magazine called Student.

In 1999 Richard Branson was knighted for his service to entrepreneurship.