And a customer development team says,

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

So I'm using the same truck as last year. So now Our ending cash

Myself.

Europe did lots of development projects.

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.

That can be generic manufacturers.

Rnd, industry cofinancing, Prizes.

I'm talking about all companies.

Open 24 hours.

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

A health food company.

Construction.

This place is closed, ladies.

(Laughter)

I'm a salesman.

I am a member of the sales department.

So now we add an interesting line.

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

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

And then it adds back the taxes and interest.

In the '70s well, beginning in the '60s

Is it open round the clock?

I prefer to work on my own.

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.

Thus The Pirate Bay isn't idealistic.

That's what depreciation does.

You little...

Twentyfourhour Alex Cam.

As of now... myself.

Now if you think about it, in the old days we think about how to organize a company around functional organizations.

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

This was interest. This was non op income.

And then I was left with 1 million.

Are you open?

Is it open?

Our business hours...

And I want to know how the money from me will help you get there.

Let's get down to business!

and trying to understand what's the minimum version of a version 1.0

Development

But in general if you take EBlT and you take out the non operating income, you get back to operating profits.

He carried on business for many years.

He did the work on his own.