“They thought ramen was $20 a bowl, but the bill was $200 per bowl because they converted the wrong way on day 10.”
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Said on Australian Finance Podcast
Omar Zinhome · Financial Audit · You Might Also Like: The $100 MBA Show
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Hosted the Crazy Ones Christmas Party, a one-day entrepreneur event with go-karting, mini-golf, bowling and lunch, selling tickets before paying venue and food costs
$15,000 revenue last year; $30,000 revenue this year; max two days of work to run the event
“They thought ramen was $20 a bowl, but the bill was $200 per bowl because they converted the wrong way on day 10.”
“I like to do is find out how much this event is going to cost and then double that amount of money as your profit… cost $500 per person → $1,500 ticket”
“Recognition that costs something doesn’t have to mean a big raise on day one. It can be a pay step when she earns a new certification.”
“‘Prioritize food first, lights and water second, transportation third… before you pay your master card.’”
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