Today we discussed ways to get a entrepreneurs business up and running. We looked up businesses or organizations that will lend out loans or grants to entrepreneurs that are in need of capital. They ranged from contests that rewarded innovative companies to business venture individuals who will buy into businesses that can turn out profits. We also learned about bonds and equity as well as about LLC's, partnerships, sole proprietorship, and corporations. The story about partnerships and the guys who stole the "company boat" was astonishing and really shows that you can't trust anybody.
We also got into our E.E. groups and discussed our operation plans as well as our marketing plans. We decided we will send out an email to all J-term students and employees as well as put up some fliers. We have our prices set and are confident we will turn a nice profit.
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