Thursday, October 9, 2008

Proverbs & You

"A proverb is no proverb to you till your life has illustrated it."

~John Keats(1795-1821)


"Nothing ventured, nothing gained."

Enter Silicon Alley Insiders' piece - Sorry, Startups: Party's Over (10/9/08) which demonstrates the need to lower your burn-rate the "equivalent to 'raising an internal round' through cost reductions to buy you more time until you need to raise money again; hopefully when fund raising is more feasible."

When will that happen?
(Continued after the Jump)

Who the hell knows. It ain't gonna be soon, that's for sure.

All this belt-tightening is hitting many of us. For example, I've had on the burner a project to install a 20Kw generator to operate my business in the event of a power loss. Clients in California don't understand when there's no power in our offices in DC because of foul weather. While we are proceeding with the planning and estimation phase, until we see what the future holds, we won't be signing on the dotted line. When we have that available revenue, the plan will be in place to execute.

"Everyone must row with the oars he has."

You can expect colleagues looking to get the next line of equipment coming out to delay until there's more stability, and clients are calling more frequently.

Clients too will be delaying non-critical projects, which means fewer assignments for everyone.

"A penny saved is a penny earned."

But be patient, as:

"All good things come to those who wait."

And lastly:

"The early bird may get the worm, but the second mouse gets the cheese."

As your life begins to illustrate these proverbs, Enjoy your weekend.

Please post your comments by clicking the link below. If you've got questions, please pose them in our Photo Business Forum Flickr Group Discussion Threads.


Post a Comment