The last day at the coffee shop LaTasha told Brenda, “We are closing my booth today, I will not need the space anymore this year.” Brenda, “Why not you still have a half month.” LaTasha, “Girl, Larry said, I can take the next two weeks off for Christmas.” Brenda, “Really? You have a …
It’s Sunday morning Dec 14th and LaTasha is getting ready to load the truck to take inventory and booth materials over to the coffee shop and Larry is just watching her work. He thinks she is so professional and beautiful to boot. She sees him watching her. LaTasha, “What are you doing with …
December 15th and Larry is a happy camper. He has completed the Triangle Offense. LaTasha was a Master at selling jewelry. Her spot was a coffee shop with high traffic volume. The shop has poetry contest on Saturday afternoons, and the conga drums on Sundays. LaTasha knew the owner Brenda really well. Her …
Latasha, “Larry did you go to business school?” Larry, “No, why do you ask?” LaTasha, “Because you can picture a business in detail without a road map. This is an excellent plan. As I was listening, I was thinking of all kinds of ideas we can do to accomplish our goals. I really …
Goal for next year is to Gross $250,000 with net profit of $125,000.Must gross $5,000 a week and $2,500 net profit in order to reach these goals. This might not seem like an extensive goal. Our job is to consistently hit our weekly goals, which can be elusive some weeks. We have a huge …
LaTasha reads Larry’s financial statement, she is silent for about 5 minutes, then she speaks. ‘This is an impressive financial statement. You are a millionaire on paper, but your cash flow is very weak. You have no debt except for your property mortgages. The South Bronx property was a good addition. You spend …
Income Statement Larry PhillipsRevenue (Salary) 38,000Expenses Rent 14,400 Utilities 7,500 Insurance 3,500 Food 3,000 Transportation …
It has been 13 years since Larry took that part-time job as a Parking Valet at $150 per weekend. He has come a long way, he has worked hard, more importantly he has been smart with his moves. It has been only him up to this point. The sacrifices were not easy but …
It’s two weeks later and LaTasha is spending her first night in her new home. She is very nervous about the whole thing, but she is also excited about the prospect of working and finally succeeding on a large scale in her business. It is all happening so fast for her. Larry has …
After the weekend, LaTasha went to pay her rent, her Landlord would not accept her payments. He wanted her to move. She didn’t know what to do. She called Larry at 11:30 Monday night. She told him the whole story of being behind on rent payments. Larry asked, “What do you want to …