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Financial Foundation for Business Success, feat. Phillip Washington Jr.
Matt Houston and Phillip Washington Jr. discusses the importance of having a strong financial foundation before starting a business, and the intersection of family and finance. They also discussed the importance of building a business out of passion and not solely for making money, and the value of college education in entrepreneurship. Additionally, they talked about Phillip's journey to becoming a successful business owner and podcaster, and their different approaches to networking and maximizing success.
Matt and Phillip also discussed the financial portion of the business plan and what information should be included to create context. They suggested assessing the entire environment and projecting based on the existing players to determine the profit expectancy of a business. They also touched on the importance of analytics in sports and how it can be applied to business. Furthermore, they discussed the negative perception of capitalism and how it is often misunderstood by people who are not familiar with the language of finance.
Throughout the meeting, Matt and Phillip shared their personal experiences and evolution of their entrepreneurial thought process, emphasizing the need for a more holistic approach to entrepreneurship.
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By Matt HoustonMatt Houston and Phillip Washington Jr. discusses the importance of having a strong financial foundation before starting a business, and the intersection of family and finance. They also discussed the importance of building a business out of passion and not solely for making money, and the value of college education in entrepreneurship. Additionally, they talked about Phillip's journey to becoming a successful business owner and podcaster, and their different approaches to networking and maximizing success.
Matt and Phillip also discussed the financial portion of the business plan and what information should be included to create context. They suggested assessing the entire environment and projecting based on the existing players to determine the profit expectancy of a business. They also touched on the importance of analytics in sports and how it can be applied to business. Furthermore, they discussed the negative perception of capitalism and how it is often misunderstood by people who are not familiar with the language of finance.
Throughout the meeting, Matt and Phillip shared their personal experiences and evolution of their entrepreneurial thought process, emphasizing the need for a more holistic approach to entrepreneurship.