The InsideHoops League of Entrepreneurs (LoE)

[Im Still Ballin]

league
liːɡ/
noun
1.
a collection of people, countries, or groups that combine for mutual protection or cooperation.
"the League of Nations"
synonyms: alliance, confederation, confederacy, federation, union, association, coalition, combine, consortium, affiliation, guild, corporation, conglomerate, cooperative, partnership, fellowship, syndicate, compact, band, group, circle, ring; More


entrepreneur
ˌɒntrəprəˈnəː/Submit
noun
a person who sets up a business or businesses, taking on financial risks in the hope of profit.
"many entrepreneurs see potential in this market"
synonyms: businessman, businesswoman, business person, business executive, enterpriser, speculator, tycoon, magnate; More

Just a little way I thought I could give back to the community. Here I will be sharing all my insider details and potential resources for the greater good of the message board. This will be frequently updated with articles, opinion pieces, data/graphs, etc.

Some of the other notable bigtime players in the LoE include Akrazotile (Running a political movement/business), Nathanjizzle (Niche Automotive manufacturing), kiiiing (bicycle pedal manufacturing), and Bless Mathews (Marijuana operation)

Keep the ear close, the LoE is a goldmine for all you up and comers in the game.

[Bosnian Sajo]

Just a little way I thought I could give back to the community. Here I will be sharing all my insider details and potential resources for the greater good of the message board. This will be frequently updated with articles, opinion pieces, data/graphs, etc.

Some of the other notable bigtime players in the LoE include Akrazotile (Running a political movement/business), Nathanjizzle (Niche Automotive manufacturing), kiiiing (bicycle pedal manufacturing), and Bless Mathews (Marijuana operation)

Keep the ear close, the LoE is a goldmine for all you up and comers in the game.


:oldlol:


Enlighten me, please.

[Akrazotile]

:oldlol:


Enlighten me, please.


Rent free :roll:

[Bosnian Sajo]

Rent free :roll:


So you don't actually have a political business/movement? Aha. Gotcha.

[Akrazotile]

So you don't actually have a political business/movement? Aha. Gotcha.


ISB was kind in calling it a 'movement,' thus far it is a humble business startup, which is politically oriented, and will hopefully grow into a meaningful business which sets a precedent for respecting the political will of consumers.

[Im Still Ballin]

Keep your childish bickering out of this domain sajo. Strictly bottom line real talk.

Akraz, what was the rate you got that guy to do your web design/layout (If I remember correctly)

BTW - I believe Nick Young will be a part of the LoE... If I remember correctly he runs some different schemes

[Bosnian Sajo]

Bickering? I'm interested in his business, jackass.


ISB was kind in calling it a 'movement,' thus far it is a humble business startup, which is politically oriented, and will hopefully grow into a meaningful business which sets a precedent for respecting the political will of consumers.


What kind of service does your business provide?

[Im Still Ballin]

ISB was kind in calling it a 'movement,' thus far it is a humble business startup, which is politically oriented, and will hopefully grow into a meaningful business which sets a precedent for respecting the political will of consumers.
Chest-beating sort of stuff. Love the hustle bro.

[Bosnian Sajo]

Chest-beating sort of stuff. Love the hustle bro.

How does it taste?

[UK2K]

ISB was kind in calling it a 'movement,' thus far it is a humble business startup, which is politically oriented, and will hopefully grow into a meaningful business which sets a precedent for respecting the political will of consumers.

When you do get on your feet, and decide you want to start selling merchandise...

I know a guy who knows a guy.

[Im Still Ballin]

How old are you sajo? You're young. Brash. Angry. I sense a lot of skepticism, and irrationality... BUT I can clearly tell you're interested in making lots of money. I'll let you in on a little secret. Lose the know it all, attitude. You don't know shit. That's the first lesson you need to understand...

Socrates said it best

"The only true wisdom is in knowing you know nothing"

You need to leave the ego at the door. Stay open-minded. Rationalize and process information, instead of reacting to it.

And secondly. Stop thinking about the money. The luxury. The items. That's all bullshit. You need to think about SERVING. Providing something. Solving a problem. Think about others, and then... The digits will follow.

[Im Still Ballin]

On that last point sajo, I'd like you to watch this clip from Harry Potter and The Philosophers stone...

https://www.youtube.com/watch?v=j1c3EmrySSI

"Only a person who wanted to find the stone, but not use it, would be able to get it'

Cognitive dissonance aside, you need the mindset to be focusing on playing the instrument, and not the music it creates

[Akrazotile]

What kind of service does your business provide?


From another thread:



Actually yes. I've decided to start it out as a shave club, which will hopefully encourage people to come together around a specific set of ideas but also provide something of value each month that they actually need and use. There are some of these out there already but none of them have any principles or real purpose. So I figured, why not start one that does?

Just put down the deposit for the first round of handles and razors last night

The new website is currently being set up by a freelance designer I was able to get a pretty good price from. I'd like to also use it as a platform to spotlight other businesses with generally conservative/democracy/liberty-oriented views and policies. Allow consumers to better scrutinize who is actually getting the dollars they spend in the marketplace, and have better control of what sort of causes and agendas those dollars ultimately go into after they leave their hands.

Of course, I'll hopefully be able to provide a range of useful, quality products through my own store, but obviously there will be goods and services I'm simply not equipped to provide. Why not give other companies that are trying to do right by America a lil shine?

Website will hopefully be up and running by the time of the convention! (july 18-20)

[Bosnian Sajo]

Good advice, but you're way off in your diagnosis. More of a review however, considering I learned that first lesson when I was 12 and the 2nd one when I took over the family business for the summer while my parents went to vacation in Bosnia. Real shit though, I've been working (specifically serving, as help at the family business) since I was 9 years old. When it comes to hard work/providing a service, I don't think you have a clue what you're talking about. It takes a lot to go from refugees living in the hood to American citizens in a relatively high tax bracket (compared to the median, at least).


Thanks for the concern, pal. If you need any investing advice, be sure to pm me. I'll transfer you to ISH's best.

[Akrazotile]

When you do get on your feet, and decide you want to start selling merchandise...

I know a guy who knows a guy.


Thanks, mang :cheers:

It's gettin close. The site is being built, first batch of razors is being produced. Will hopefully be open for biz by the time of the GOP convention in Cleveland in a few weeks, which Im probably going to drive up to and blog about, as well as try market the business on the ground up there.

I think it's got the potential to make a difference. We will see! :rockon:

[Bosnian Sajo]

From another thread:


Ah yes, the classic, yet profitable shave club industry. How do you intend to make a profit? Your expenses include funding a website, razors, handles, and shipping...how much will this cost the consumer per month?

[Im Still Ballin]

You don't need to use a ragz to richez, hood to baller life story sajo. All of that is irrelevant, it's emotion too tied into your internal credibility and self worth.

It doesn't matter where you start or where you finish. The magic is in this present moment, the process. Coming from somewhere different doesn't make the end result any different.

There is only action and reaction. Worth, and "deserving" have nothing to do with it. There's this strange idea, usually among the poorer more humble working class, that... if you work hard, you deserve it.

This is not how it works.

Just a little lesson there. Life stories about overcoming are about making yourself feel better internally.

[Im Still Ballin]

Thanks, mang :cheers:

It's gettin close. The site is being built, first batch of razors is being produced. Will hopefully be open for biz by the time of the GOP convention in Cleveland in a few weeks, which Im probably going to drive up to and blog about, as well as try market the business on the ground up there.

I think it's got the potential to make a difference. We will see! :rockon:
Good hustle bro. You going to cold call? I suggest you find some lower level Republican/GOP media outlets, and try and make some connections there... I'm sure you could find some low level youtubers that would be able to endorse your operation.

Same tactics all the guys on youtube use... Usually how a channel gets off its feet these days. All the smaller channels collaborate with each other and this progresses all the way to the top rank youtube channels in the genre/niche

[Bosnian Sajo]

Again, thanks for the advice, but I got my financial future looking pretty good.


1. Gonna finish college with no debt (thank you FAFSA, and my dad)

2. Finishing a degree in which there are jobs literally everywhere (Information Systems, look it up braj)

3. Connections and networking.

4. High credit score (again, thanks pops)


But what do I know, you're the smart one here hyping up a fcking shave club as a profitable business :lol

[UK2K]

Thanks, mang :cheers:

It's gettin close. The site is being built, first batch of razors is being produced. Will hopefully be open for biz by the time of the GOP convention in Cleveland in a few weeks, which Im probably going to drive up to and blog about, as well as try market the business on the ground up there.

I think it's got the potential to make a difference. We will see! :rockon:

Honestly if you took 1000 hats and 250 shirts in a bag up there and sold the hats for $8 and the shirts for $10, you could make a killing.

Given my proximity to bulk volume apparel and embroidery access, I thought about doing similar shit at festivals if only to pay for my weekend. Would be interesting, and kinda fun.

[Akrazotile]

Ah yes, the classic, yet profitable shave club industry. How do you intend to make a profit? Your expenses include funding a website, razors, handles, and shipping...how much will this cost the consumer per month?


That's what I'm working through right now. Where to set the price point so that I can be competitive with what's out there but also make enough margin to put money back into the business. Im still doing my research on commercial shipping options.

[Im Still Ballin]

So what are you doing in the Entrepreneur thread? I got nothing against the college system, but it looks like to me you're just feeling a bit insecure about money so you had to come in here and try make yourself feel better.

This is childish behavior that does not belong in the League of Entrepreneurs. This is over.

[Bosnian Sajo]

That's what I'm working through right now. Where to set the price point so that I can be competitive with what's out there but also make enough margin to put money back into the business. Im still doing my research on commercial shipping options.


Good luck, but it sounds like a horrible idea. I could lie and give you false hope, but I thought you'd rather hear the truth from me rather than finding out the hard way.


What's the big political part of this business, anyway? What exactly does buying a razor from you do to help whatever political movement you are supporting?

[Bosnian Sajo]

So what are you doing in the Entrepreneur thread? I got nothing against the college system, but it looks like to me you're just feeling a bit insecure about money so you had to come in here and try make yourself feel better.

This is childish behavior that does not belong in the League of Entrepreneurs. This is over.


I'm here to critique and possibly (but not likely) learn.

[Im Still Ballin]

That's what I'm working through right now. Where to set the price point so that I can be competitive with what's out there but also make enough margin to put money back into the business. Im still doing my research on commercial shipping options.
It's solid hustle bro. Most half decent start ups don't start making a profit surplus until many months. What's most important is getting the pieces in place, and creating a client base/following.

[Akrazotile]

Honestly if you took 1000 hats and 250 shirts in a bag up there and sold the hats for $8 and the shirts for $10, you could make a killing.

Given my proximity to bulk volume apparel and embroidery access, I thought about doing similar shit at festivals if only to pay for my weekend. Would be interesting, and kinda fun.



Yeah, I was really hoping the razors would be ready by that time but unfortunately they won't. Shipping costs really are the killer with stuff like this. If you can sell things on the ground you can price them cheaper AND make a better margin.

I've thought about giving it a try with shirts and hats, altho I'm worried about how saturated the selling market will be for those items at this event. We'll see though. I'll prob try to hand out some kind of flyer/postcard with my website and the basic idea of the thing, hopefully I can get some people to log on and subscribe to the club.

[Akrazotile]

Good luck, but it sounds like a horrible idea. I could lie and give you false hope, but I thought you'd rather hear the truth from me rather than finding out the hard way.



Don't even worry bout it bro. :cheers: Literally nobody on this site takes you seriously about anything, much less any of your posts of a business/financial nature. So we good :pimp:

[Akrazotile]

Good hustle bro. You going to cold call? I suggest you find some lower level Republican/GOP media outlets, and try and make some connections there... I'm sure you could find some low level youtubers that would be able to endorse your operation.

Same tactics all the guys on youtube use... Usually how a channel gets off its feet these days. All the smaller channels collaborate with each other and this progresses all the way to the top rank youtube channels in the genre/niche


Yup, it'll prob take a lot of door-to-door leg work at first, so that's what I'm planning to do. And yeah, if the thing can get some traction I'm hoping to get outlets like Breitbart and others to run a story on it and hopefully gain some exposure.

If conservatives actually unite online to consciously exercise our power of the purse, I really think substantial change can be created. It's just a matter of getting everyone coordinated, and actually having an alternative mechanism in place for making these products available.

[Bosnian Sajo]

Don't even worry bout it bro. :cheers: Literally nobody on this site takes you seriously about anything, much less any of your posts of a business/financial nature. So we good :pimp:


False :lol



But can you take some time to answer my question, as a potential consumer of your product? What's the big political part of this business, and what exactly does buying a razor from you do to benefit whatever political movement you are supporting?


There has to be something that draws us in...other than the need to shave (there are far cheaper alternatives) and your own personal political stance.

[Im Still Ballin]

Yup, it'll prob take a lot of door-to-door leg work at first, so that's what I'm planning to do. And yeah, if the thing can get some traction I'm hoping to get outlets like Breitbart and others to run a story on it and hopefully gain some exposure.

If conservatives actually unite online to consciously exercise our power of the purse, I really think substantial change can be created. It's just a matter of getting everyone coordinated, and actually having an alternative mechanism in place for making these products available.
Definitely look into the whole Alt-Right movement... They joke a lot and post memes, but they're a young, passionate and outspoken demographic that is exponentially growing. You need only observe how Anti-SJW/Anti-Feminism has grown over the last few years.

[nathanjizzle]

although akrazotile isnt making much money from his endeavors, and i greatly disagree with his political idealogy and would call him stupid for it, ill still give him credit for being an entrepreneur. through his travel blogs and his political campaign, it is entrepreneurship that he is expressing. The thing about being an entrepreneur is that you have to try/fail at many different things until you finally find success at one. not many people are willing to fail to succeed.

[Bosnian Sajo]

although akrazotile isnt making much money from his endeavors, and i greatly disagree with his political idealogy and would call him stupid for it, ill still give him credit for being an entrepreneur. through his travel blogs and his political campaign, it is entrepreneurship that he is expressing. The thing about being an entrepreneur is that you have to try/fail at many different things until you finally find success at one. not many people are willing to fail to succeed.


At the same time, not many people succeed after failing so many times.

[nathanjizzle]

At the same time, not many people succeed after failing so many times.

true

[Im Still Ballin]

http://www.theatlantic.com/business/archive/2016/07/the-myth-of-the-millennial-entrepreneur/490058/

The Myth of the Millennial Entrepreneur

The generation cheered for its start-up mentality is actually starting companies at the lowest rate in 25 years. Why?

"Millennials are on track to be the least entrepreneurial generation in recent history,

[Im Still Ballin]

http://www.forbes.com/sites/martinzwilling/2016/07/06/think-like-an-entrepreneur-for-business-longevity/#23bd61016fde

Think Like An Entrepreneur For Business Longevity

Every new venture that survives the first five years starts to drift away from their entrepreneurial thinking, and assumes they have achieved the path to longevity. In fact, even within Fortune 100 companies, almost 90 percent have encountered growth stalls or flirted with failure, or worse, in the last 50 years. No company can afford to lose the agility, flexibility, and innovation of a startup.

Examples of great companies that have achieved longevity, by initiating major changes, include American Express (originally express mail), IBM (tabulating and computer hardware), and J.P. Morgan (chemical manufacturing). Others, including Eastman Kodak (film and cameras), Pullman Company (railroads), and RCA Victor (radio) never kept up with change and are gone forever.


The many ways that great firms can slip away from entrepreneurial thinking were highlighted in a new book, “Achieving Longevity,” by Jim Dewald, based on his own experiences as a corporate executive, entrepreneur, and Dean of the Haskayne School of Business. Here are a few of the key challenges he outlines that I have seen as well:

1. Competitors are easier to quantify than new opportunities. Competitor statistics are the domain of analysts, financiers, and shareholders, so naturally it is attractive for companies to focus on them primarily. Undefined opportunities which may be built from innovation are the stuff of dreams and passion, relegated only to entrepreneurial thinking.

2. Companies follow each other rather than the market. Change is hard. Businesses firmly ensconced down an existing path find it hard to leave their comfort zone or jeopardize current revenue streams, and tend to prioritize the value of incremental change, even in the face of new markets, technology, or economic conditions.

3. The future is extrapolated from internal data analysis. Metrics and observations while running the existing business become the primary basis for future projections. This data reinforces what they already know and believe, so a divergent path rarely looks attractive. The result is a self-fulfilling prophecy that often leads to disaster.

4. Efficiency focus strips away resources from innovation. Through cost-cutting and highly-specialized hiring, firms unintentionally weed out the capacity to innovate and adapt to change. The drive for resource-based advantage can be profitable for big companies, but it is always temporary, never permanent.

5. Penalties for management learning experiences. In an entrepreneurial venture, errors are expected, and even celebrated when positioned as learning opportunities. In stable corporate ventures, mistakes are seen as a signs of incompetence, and penalized by loss of bonuses or position. As a result, undefined new opportunities are deemed too risky.

6. Focus on data-driven leadership versus passion. Strong creative views or even arrogance in new realms by entrepreneurs is expected and often revered, as was the case with Steve Jobs at Apple. In corporate boardrooms, a show of hubris or emotion is deeply troubling, and can end careers. Logic and data-driven leadership is the norm.

7. Intolerance for pivots and failed experiments. Every startup I know has pivoted at least once, and expects failed experiments to lead them to the true market. In corporate environments the cost in time and dollars of a pivot or failed experiment can be huge, like turning a large battleship. Stakeholders and board members alike react very negatively.

What is most ironic is that the inverse of many of these challenges is critical to success in the first five years of a new venture – focus on competitors, generating internal data and analysis, emphasizing data-driven leadership, and creating standardized repeatable processes. Many see these activities as the elimination of entrepreneurial thinking, for stability and endurance.

My message is that the pendulum has to swing in concert with the market and the economy, as well as the maturity of the company. Today’s market is extremely volatile, where unprecedented change is the norm, and entrepreneurial thinking is the only way to assure longevity. Maybe it’s time to take a hard look at the balance in your own mindset and your business.