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Thinc fall
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Published on Nov 19, 2015
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PRESENTATION OUTLINE
1.
FALL
Photo by
Martin Pettitt
2.
The plan...
Photo by
bocatacalamares
3.
ALL SIGNS POINT TO...
Utilize Fbooks
Pay up front
Work smarter not harder
Vote like a board on key decisions
Need to define business processes
Photo by
_bianconero
4.
Define best practices for success.
Photo by
Stanford Law School
5.
THINC BEST PRACTICES
Weekly status meetings
Knowing job is fluid due to supply and demand swings
Always Focus on moving forward
Need structure, albeit loose
Tight revenue and expense reporting
Photo by
marsmet523
6.
U ARE A MANUFACTURER
IF YOU TAKE RAW MATERIAL AND CREATE PRODUCT
Photo by
Dunechaser
7.
CURRENT APPROACH
Front of the house vs back of the house
Photo by
Our Manitoulin!
8.
Pros and Cons
Good during pilot period, clear accounting
Bad for expenses and solving independent decision making
Still need one view of the business
Bad for the brand and marketing
Good for making a quick buck, bad due to confusion
Photo by
Abdulrahman BinSlmah
9.
LETS SOLVE PROBLEMS IN CHUNKS OF TIME
next 1-2 weeks
this month
by quarter
Going Rec
Photo by
Pathos Photos
10.
This week
KNOWING DEMAND IS HIGH
Photo by
VinothChandar
11.
10/27 - 11/2
Help is here; Girls and Juan
Expense this week - rent, plat, labor
sweeten up the oil or revising strain strategy
new reality
launch new website
Photo by
seannaber
12.
NOVEMBER
Marketing strategy
Pens and p-rolls
New help, padre
Forecast expenses
Off-site packaging facility
Photo by
kevin dooley
13.
Q4...ARTICLES OF BUSINESS
Do we need a retained lawyer?
Need to draw up business docs
Would be nice to solve inventory issue
Photo by
Foo Joon Sunn
14.
Q4...MOVING FORWARD WITH DEBT
Agree on how we handle debt
Tons of existing models
Is it a loan with interest, depreciating assets
Is it a % of revenue before partner split
Does it stay on the books forever, new vs old
Photo by
LendingMemo
15.
FISHING
Photo by
archer10 (Dennis)
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