Khronos

Money is a big worry when we starting a business, no matter it's a small business or it's a big one. And I wonder who wants to lend thousands of dollars to a business that doesn’t even have revenue yet? By thinking about that since I don’t have a business started up yet, I likely have to borrow money based on my personal finances. while LÜG-ER 's products haven't been fully developed yet and they will be launched year by year, so the first year will be low revenue. With these considerations in mind, I would go for self-funding, family and friend, and later on will be equity and debt. For first year, because most of the year, LÜG-ER is gonna spend time to finish the permanent RFID tag and building airport RFID baggage tracking system. The revenue can be really low, so I have talked to my parents and friends about this business and got their approve they will help me out with around $250,000, me personal having $30,000 and the rest will go with loans by using b...

The movie started with the graduation scene, and their mission statement. "You have the right to attend a town meeting in your underwear, to me it's very funny, interesting, and caught up my attention though it. Start with the company naming part, Kaleil kept going back and forth with name, he needs to give out the first big decision, then Tom broke the tension and told Kaleil to take the time, walk out, think and come back with the final thing, it's very helpful when you need to stay in calming mind and make decision rather try to push yourself that you need to make a good one right away. The questions they were asked about their business are also what we went through in class. In next time, the thing surprised me the most is the guy making most money is the guy who left first, and the money he asked for is less than what he deserves which is 20%-25% of the company value, which depends on how much he put in the company since beginning.  When the broke in happened, th...