Well, the thing I mention which I'll expand on later in this course is that one of the mistakes that we've also made for decades is confusing the titles, sales marketing and bus dev with the job specifications.

Thus The Pirate Bay isn't idealistic.

When you look at him, health isn't the first thing you think of.

Myself.

And a customer development team says,

Skillful management made a success of the business.

It includes the places where the customers come sit.

A health food company.

I am doing business on a large scale.

He is doing business on a large scale.

His work is repetitive.

We decided to infiltrate some companies and do a very similar thing.

I'm talking about all companies.

Open 24 hours.

He has the ability to manage a business.

Into this broad category fall companies that run money lending and insurance businesses.

I prefer to work on my own.

That's what depreciation does.

Twentyfourhour Alex Cam.

But now, over this period of time, over 2008, 2008 happens.

Construction.

This place is closed, ladies.

I'm running a business here, right?

(Laughter)

Is it open?

Our business hours...

I'm a salesman.

I am a member of the sales department.

So now we add an interesting line.

It's open 24 hours a day. You can go in day or night.

He is managing the business for his father.

They don't take into account the public benefits of a free internet.

It might be Ben's management expertise.

I have to tell you if this is your vision on day 1, you're already out of business.

And we add back the interest, at least in this example, we get to an operating profit number.

John Kramer owned a company called The Urban Renewal Group.

He has enough ability to manage a business.

My father has a business.

He is the manager of the marketing department.

Is it open round the clock?

So that's a nice thing to keep in the back of your mind, this return on asset concept, and it's very closely tied to operating profits and the actual assets of a firm.

And that's because they have the same exact asset.

You little...

As of now... myself.

It turns out that the title VP of Sales has a very different job spec in a large company that it does on a startup of VP and marketing does very different things in a large company than they do on a startup and for years, we could never explain why is it that incredibly competent executives who have been executing business models in large corporations collapse in startups when they're company is smaller than their administrative staff in their large corporation.