Frameworks help you understand how your money flows. Profit can be broken into revenue minus costs – what you make minus what you spend. You can break revenue into price x quantity. To cut costs, you can either reduce the number of things you purchase or find ways to pay less for them, such as buying in bulk.
Need funding? Check this awesome article out:
“4 Great Tips For Finding Funding For Your Startup” by Forbes: http://www.forbes.com/sites/drewhendricks/2013/10/31/4-great-tips-for-finding-funding-for-your-startup/
The B$I cordially invites you to the Loft at 939 Boylston St. on Thursday, May 2 for a Great-Gatsby Themed Party!
Dress code: 1920′s Glam (formal)
All proceeds go to Amirah! Amirah (\a-meer-ah\) is a non-profit organization located in the Boston area dedicated to providing effective, whole person aftercare for survivors of commercial exploitation.
A young businessman had just started his own firm. He rented a beautiful office and had it furnished with antiques. Sitting there, he saw a man come into the outer office. Wishing to appear the hot shot, the businessman picked up the phone and started to pretend he had a big deal working.
He threw huge figures around and made giant commitments. Finally he hung up and asked the visitor, “Can I help you?”
The man said, “Yeah, I’ve come to activate your phone lines.”
Extracted from http://www.badgerassociates.co.uk/recruitment-jokes.htm on 21 May
The 6 Compulsory Licenses:
Cable Television Rebroadcast – The cable television compulsory license requires the local broadcasting stations to allow the cable companies to retransmit their signals in exchange for payment of set fees. Without the license, the broadcast would be an unauthorized distribution of copyrighted programming.
Public Broadcasting System- The PBS lobbyists did a terrific job requiring copyright owners to license works to them at cheap rates.
Jukebox – Before 1976, the copyright act did not make jukeboxes pay for their rights to use music; they were considered toys in 1909 copyright act. Currently, they pay a set licensing fee.
Digital Performance of Records – It requires the owners of recordings to allow performances of masters on digital radio, which includes webcasting (which are radio shows on the Internet).
Phonorecords and Digital downloads of Nondramatic Musical compositions- Once a song has been recorded and released to the public, the copyright owner must license it: (a) to anyone else that wants to use it in a phonorecord (a material object that embodies sound; i.e. an mp3 file stored on a computer or CD); and (b) for a specific payment established by the law. All the following conditions must exist before you get a compulsory license:
1. The song is a non-dramatic musical work; and
2. It has been previously recorded; and
3. The previous recording has been distributed publicly in phonorecords; and
4. The new recording doesn’t change the basic melody or fundamental character of the song; and
5. The new recording is only used in phonorecords.
 Passman, Donald. All You Need to Know About the Music Business. 7th edition. p. 208-209.