It was a tough year, for us, he says, mostly because were making that big shift of turning away big-box http://www.bloomberg.com/news/2013-12-01/zimbabwe-mine-companies-said-to-be-asked-to-more-than-double-pay.html retailers. Entrepreneur recently spoke with Lucash, age 30, about his professional and personal lessons and goals for the coming months, how he plans to achieve them. What lessons did he learn from the past year? OrigAudio lost a lot of money after a large shipment of its popular Rock-It portable vibration speakers meant to be sold for the Christmas 2012 season didnt arrive until early February due to a port strike in Los Angeles. We got stuck with 35,000 Rock-Its that we werent able to sell, Lucash says, so they ended up giving them away free to customers. That experience, along with the other headaches of selling through retail channelssuch as long payment terms, returned inventory, chargebacks and advertising feesconvinced him and Syzmcak they should focus on B2B sales. A big-box retailer like Bed Bath and Beyond is going 90 to net 100 days to pay you, he says.
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Breaking Bad, 12 Angry Men and House of Cards: the entrepreneur’s watch list
12 Angry Men Doing what it takes to get people to see things your way If you have seen this Sidney Lumet classic then you will no doubt understand its place on this list. For the entrepreneur in a tight spot battling to bring the world along on their great vision, 12 Angry Men follows the story of one juror who must change the minds of 11 who are convinced the case is as obvious as it seems. Some of the best inspiration comes from working in a locked room. The entrepreneurs line: [Juror number nine changing is vote] This man has been standing alone against us.
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