Ramen Profitable23:48:55
Jul0
Paul Graham wrote a nice article about becoming “Ramen Profitable” in a startup. You can read the whole article here. Basically, the concept is that a startup is bringing in enough revenue to cover costs and there is enough profit left over to cover the living expenses of the founders.
Right now, there is only one founder of my company. If all goes according to plan, I hope to hit the Ramen Profitable milestone within the next eight weeks (four weeks if I am aggressive). The last push before launch will be the hardest because I need to contract out some work which means I will be depending on somebody else’s work before I can launch.
That being said, I’m off to work.
Popularity: 20% [?]
Business Achievements – XBox Style16:32:24
Jun0
I have always enjoyed the Achievements system in XBox games. They add a competitive twist to the games and encourage you to do things in the game that you may not have otherwise thought to do. Some players are so obsessed with earning every single achievement point in their games that there are entire websites, such as http://www.xbox360achievements.org/, devoted to helping people get every last point.
So, I have created my own list of Achievements (and corresponding points) to turn running a business into more of a game. It is the “Achievements” page for this blog. They are listed in no particular order, and I have assigned points according to my perceived complexity of completing each Achievement.
To date, I have earned the following Achievements:
Quit Your Day Job (5 pts)
Create a legal business entity with the state (5 pts)
Get an EIN from the IRS (5 pts)
Open a bank account (5 pts)
Get a business credit card (5 pts)
Expense a business lunch (5 pts)
So far I have 30 points out of 3145 possible points. Check out the rest on the Achievements page.
Popularity: 30% [?]