90 karma · joined August 28, 2014
― Benjamin Franklin
Easier to understand and solves some issues with =VLOOKUP().
1) install basic advertising via AdSense. 4.5mm visitors will monetize
2) affiliate link to a useful, paid product that your users could also use. If they click through the link and buy, you are paid a commission.
3) limit the # of API requests. Charge $X/mo for more than Y requests. Offer an unlimited plan for a higher price.
Of course, violating those SLA's could cause bankruptcy through client dissatisfaction but that seems less certain than bleeding out money.
On the plus side, you will generally be exposed to more and different types of work in consulting, so you may learn and grow faster. You can also expand your network through clients you meet who can help you down the road.
1) Lack of customization options - in Oracle's case, their Cloud offering is hardly customizable (no database access) compared to the on prem version. Thus, key functionality is lost which makes running a business difficult.
2) Cost - you basically need to re-implement your business, which is a $1MM+ affair and tons of time and risk and consultants and work for your team. Plus the Cloud solution isn't that much cheaper in the end.
3) Bugs - the Cloud software is new and still has many problems. Let someone else fight those.
Not to undermine the turnaround but they had terrible pizza for 40 years. I guess I'm just surprised they survived this long when the above could have been done in a long weekend. Perhaps the hard part was just deciding to do it and rolling it out, as the product was so well known.
And yes, you should definitely take a cut of their time. If you are managing the delivery to client (quality) you can continue billing the client at your rate, while paying junior at a lesser rate. You have found all the work, managed the billing, done the hard stuff and handed it to junior on a plate. Depending on their level, I would say you taking 20-50% per hour is reasonable. Otherwise, why bother?
Oracle offers two main products - their legacy, on premise E-Business Suite application, and their new Oracle Cloud offering. The functionality, maturity, customizability, and usability of these products is very different. With EBS, it is super customizable and there is a whole host of open API's you can use to create transactions. You can access the database directly and change data there if you want. Very simple to create custom programs on top of the ERP system and report against it to do what you want. I see companies truly make this their own and succeed with it.
Not so much yet with Oracle Cloud. The inventory / warehouse management systems are nascent and the API's are very limited. They may have some of what you want but there will be something for which an API does not exist and it will be a show stopper. You cannot access the database and building on top is difficult.
Of course, each of these is a $500k+ investment to setup and manage per year. Oracle will try their darndest to push to you to Cloud, but if you truly want customizability you want EBS. If you have further questions or need help feel free to email in profile.
New customers are being forced into Cloud by the Oracle sales team. The sales reps literally receive no compensation for on-prem (EBS) deals, and they must go through a lengthy approval process just to offer a prospect the on-prem solution. Thus everyone is being guided to Cloud, whether or not it is the right solution for the customer.
Only thing I might add is the operating agreement, which is critical for multi-member LLC's as it defines everything. Maybe fits into step 7 above, and worth having a lawyer assist with some clauses.
By this definition, business owners in Indiana who don't support gay marriage could legally not serve those customers. Is that the world we want?
Declanomous is offering a hypothesis that improves on the original comment of giving away seats. While the impact of buying a drink vs. receiving a drink may differ, and the study only studied "buys", peer pressure works in other ways, too. One could argue that people drinking in the vicinity "pressures" or influences others to drink, so the solution Declanomous provided could 1) increase beverage revenue at low cost and 2) increase customer good will (the free drink recipient) at low cost.
In fact, Southwest may know this as they send out free drink coupons to frequent flyers.
Once heard an anecdote about a marching band chartering an aircraft. Flight attendants were floored at the speed everyone was settled.
Additionally, with an HDHP you may be eligible for a Health Savings Account (HSA), which are tax advantaged savings for medical coverage, reducing your cost of care.
If you're interested in HSA's I have blogged on their benefits[1] and wrote a web app to track your HSA spending[2].
They report inflation and other economic figures using the methods that the government previously used before "moving the goalposts" in order to report more "convenient" numbers.