Achievements Outweigh Education And Experience

Written by Tim Knox


Q: When it comes to succeeding in business, which do you think is more important: education or experience? -- Regina M.

A: Regina, have you seenrepparttar television show, Fear Factor? If you haven't seen it you've probably heard about it. Fear Factor isrepparttar 149038 show where they put contestants through all sorts of pseudo-death defying feats like bungee jumping off a bridge over a pool of crocodiles and driving a car through a wall of fire (you know,repparttar 149039 stuff we did for fun in high school).

The contestant who overcomes their personal fear factor winsrepparttar 149040 cash and prizes (usually atrepparttar 149041 cost of their dignity, but I digress).

The highlight of Fear Factor isrepparttar 149042 eating competition. That's when contestants are invited to partake of all sorts of culinary fare. Yummy stuff like monkey brains, all manner of live bugs and spiders, moose intestines, old fruitcake (the horror!), and my personal favorite, live giant worms. At this pointrepparttar 149043 competition becomes not so much who can overcome their fear actor, but who hasrepparttar 149044 lowest gag reflex.

Your question makes me feel a little like those contestants, Regina, because no matter how I answer I am opening a can of giant worms that I will undoubtedly be forced to eat later.

My highly educated peers will argue that education is much more important than experience, while my highly experienced peers will argue that experience is more important. Either way, it's worms ala carte for me.

Oh well, I've eaten more than my share of crow overrepparttar 149045 years.

How much worse can worms be?

It's important to understand thatrepparttar 149046 success of an entrepreneur is not measured by how much education he or she has or how many years of experience are under his or her belt. An entrepreneur's success is measured by achievements, not words on a resume.

By definition, an entrepreneur is a risk-taking businessperson: someone who sets up and finances new commercial enterprises to make a profit. Entrepreneurs start businesses. The smart ones then hire MBAs to run them.

Let's start with education. Is a Bachelor's degree or better required to succeed in business? Of course not. An MBA from Harvard might give you a leg up in a job interview, but it certainly doesn't guarantee that you will succeed in business. Nor does it automatically mean that you will be a better business person than someone who didn't finish high school. Knowledge is a good thing - if you know what to do with it.

Perhaps it isrepparttar 149047 academic environment itself that turns mere mortal nerds into budding entrepreneurs. The late '90s proved that college students with no experience beyond organizing a frat keg party could start businesses that would exceed all expectations.

Going public by way of Regulation D (504) offering

Written by Joseph Quinones


Going public by way of Regulation D (504) offering.

Underrepparttar Securities Act of 1933, any offer to sell securities must either be registered withrepparttar 149011 SEC or meet an exemption. Regulation D (or Reg D) provides three exemptions fromrepparttar 149012 registration requirements, allowing some smaller companies to offer and sell their securities without having to registerrepparttar 149013 securities withrepparttar 149014 SEC. Rule 504 or Regulation D provides an exemption fromrepparttar 149015 registration ofrepparttar 149016 federal securities laws for some companies when they offer and sell up to $1,000,000.00 of their securities in any 12 month period. . A company can use this exemption so long as it is not a Blank Check company and does not have to file reports underrepparttar 149017 Securities Exchange Act of 1934. Also,repparttar 149018 exemption generally does not allow companies to solicit or advertise their securities torepparttar 149019 public, and purchasers receive restricted securities, meaning that they may not sellrepparttar 149020 securities without registration or an applicable exemption. Rule 504 does allow companies to make a public offering of freely tradable securities but only if one ofrepparttar 149021 following circumstances is met:

(1) The company registersrepparttar 149022 offering exclusively in one or more states that require a publicly filed registration statement and delivery of a substantive disclosure document to investors; (2) A company registers and sellsrepparttar 149023 offering in a state that requires registration and disclosure delivery and also sells in a state without those requirements, so long asrepparttar 149024 company deliversrepparttar 149025 disclosure documents required byrepparttar 149026 state whererepparttar 149027 company registeredrepparttar 149028 offering to all purchasers (including those inrepparttar 149029 state that has no such requirements); or (3) The company sells exclusively according to state law exemptions that permit general solicitation and advertising, so long asrepparttar 149030 company sells only to "accredited investors. . An accredited investor is defined by federal securities law as: . a bank, insurance company, registered investment company, business development company, or small business investment company; . an employee benefit plan, withinrepparttar 149031 meaning ofrepparttar 149032 Employee Retirement Income Security Act, if a bank, insurance company, or registered investment adviser makesrepparttar 149033 investment decisions, or ifrepparttar 149034 plan has total assets in excess of $5 million; . a charitable organization, corporation, or partnership with assets exceeding $5 million; . a director, executive officer, or general partner ofrepparttar 149035 company sellingrepparttar 149036 securities; . a business in which allrepparttar 149037 equity owners are accredited investors; . a natural person who has individual net worth, or joint net worth withrepparttar 149038 personís spouse, that exceeds $1 million atrepparttar 149039 time ofrepparttar 149040 purchase; . a natural person with income exceeding $200,000 in each ofrepparttar 149041 two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation ofrepparttar 149042 same income level inrepparttar 149043 current year; .Any trust with total assets in excess of $5,000,000, not formed forrepparttar 149044 specific purpose of acquiringrepparttar 149045 securities offered, whose purchase ofrepparttar 149046 securities is directed by a person who has such knowledge and experience in financial and business matters that he is capable of evaluatingrepparttar 149047 merits and risks ofrepparttar 149048 prospective investment.

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