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Episode-116- Eight Forms of Capital Part 5 of 8 – Financial Capital

This is One but Certainly Not the Only Way to View Financial Capital

This is One but Certainly Not the Only Way to View Financial Capital

Today we continue an 8 part series on applying permaculture principals to your business based on the article 8 Forms of Capital by Appleseed Permaculture.

In part three we discuss the concept of Financial Capital, from the article posted at Appleseed Permaculture

We are most familiar with financial capital: Money, currencies, securities and other instruments of the global financial system. The current global society focuses enormous amounts of attention on financial capital.

It is our primary tool for exchanging goods and services with other humans. It can be a powerful tool for oppression, or, (potentially) liberation.

In our businesses we can look at financial capital in a variety of ways,

1.  Our cash on hand and cash flow
2.  Forecasted future revenue
3.  Convertible holdings by the business that are liquid
4.  The concept of “potential and kinetic” income

While financial capital is the easiest one to understand and the most simplistic, we can still learn much by looking at the business aspects via a “permaculture” lens.  Join me today as we take these concepts and examine them at a deeper level.

Discuss Episode 116 at TheRoadTo100K.com

Episode-115- Eight Forms of Capital Part 4 of 8 – Material Capital

Material Capital isn't Always Easy To Quantify in the Web Enabled World

Material Capital isn't Always Easy To Quantify in the Web Enabled World

Today we continue an 8 part series on applying permaculture principals to your business based on the article 8 Forms of Capital by Appleseed Permaculture.

In part three we discuss the concept of Material Capital, from the article

Non-living physical objects form material capital. Raw and processed resources like stone, metal, timber, and fossil fuels are ‘complexed’ with each other to create more sophisticated materials or structures. Modern buildings, bridges, and other pieces of infrastructure along with tools, computers, and other technologies are complexed forms of material capital.

In our businesses we can look at material capital in a variety of ways,

1.  The material assets of the business
2.  The “non phyical products” of the business
3.  Software, procedures, protocols and systems
4.  What material capital teaches us about what I call a “capital litmus test”

Join me today as we take these concepts and examine them at a deeper level.

Discuss Episode 115 at TheRoadTo100K Forums

 

Episode-114- Eight Forms of Capital Part 3 of 8 – Social Capital

Your Influence is One Way to See Social Capital

Your Influence is One Way to See Social Capital

Today we continue an 8 part series on applying permaculture principals to your business based on the article 8 Forms of Capital by Appleseed Permaculture.

In part three we discuss the concept of Spiritual Capital, from the article at Appleseed Permaculture,

Influence and connections are social capital. A person or entity who has ‘good social capital’ can ask favors, influence decisions, and communicate efficiently. Social capital is of primary importance in politics, business, and community organizing.

Jason Eaton of Social Thread LLC explained to me that Capital can be in the form of equity or debt. In social capital, a person can ‘owe’ favors or decision-making influence to another person or entity.

In our businesses we can look at social capital in a variety of ways,

1.  The concept of “goodwill” as a balance sheet asset
2.  The influence of the “companies social media presence”
3.  The influence of “key employee or ownerships social media presence”
4.  The value of strategic partnerships and professional relationships

Join me today as we take these concepts and examine them at a deeper level.

Discuss This Episode at TheRoadTo100K.com

 

Episode-113- Eight Forms of Capital Part 2 of 8 – Spiritual Capital

A Business Can Cultivate Spiritual Capital

A Business Can Cultivate Spiritual Capital

Today we continue an 8 part series on applying permaculture principals to your business based on the article 8 Forms of Capital by Appleseed Permaculture.

In part two we discuss the concept of spiritual capital, from the article,

As one practices their religion, spirituality, or other means of connection to self and universe, one may accumulate spiritual capital. It contains aspects of intellectual and experiential capital, but is deeper, more personal and less quantifiable. Many of the world’s religions include a concept of ‘the great chain of being’, a holarchic understanding of existence where spiritual attainment (in this context, the accumulation of spiritual capital) leads to different levels of being (3).

Buddhism even contains an explicit spiritual currency: Karma! This form of spiritual capital is tallied and accounted for not only in one’s current life, but (taking re-incarnation into consideration) also in all of the past and future lives of one’s soul. In spiritual capital again enters the concept that capital can be in the form of equity (gathering positive spiritual experience/understanding/attainment) OR in the form of debt..

In our businesses we can look at spiritual capital in a variety of ways,

1.  What type of karma is the business creating in the marketplace
2.  Can the business live after the death of the owner
3.  Is the business being evangelized
4.  Does the business have a “soul” is it “alive”

Join me today as we take these concepts and examine them at a deeper level.

Discuss this Episode at TheRoadTo100K Forums

 

Episode-112- Eight Forms of Capital Part 1 of 8 – Intellectual Capital

What is Personal Search

Exactly What is Intellectual Capital?

Today we begin an 8 part series on applying permaculture principals to your business based on the article 8 Forms of Capital by Appleseed Permaculture.

In part one we discuss the concept of Intellectual Capital, from the article,

Intellectual capital is best described as a ‘knowledge’ asset. The majority of the current global education system is focused on imparting intellectual capital — whether or not it is the most useful form of capital for creating resilient and thriving communities. Having intellectual capital is touted as the surest way to ‘be successful’.  Science and research can focus on obtaining intellectual capital or ‘truth’, though it is often motivated by the desire for financial or social capital. For example, “going to university” is primarily an exchange of financial capital for intellectual capital. It is supposed to prepare people for the rest of their lives in the world.

In our businesses we can look at intellectual capital in a variety of ways,

1.  The knowledge we personally posses
2.  The IPR (intellectual property rights) of the business
3.  The knowledge of your employees or partners/contractors
4.  The knowledge possessed by our customers they share with us

Join me today as we take these concepts and examine them at a deeper level.

 Discuss this Episode at TheRoadTo100K Forums

FMwJ to Return Tomorrow

I know it may look like I am breaking my own daily content rule lately with FMwJ and JackSpirko.com, the reality though is I have been turning out content still daily for The Survival Podcast and during a recent 12 days of travel doing FMwJ simply wasn’t possible.  We will be back tomorrow and I just learned a ton of things that may not seem to apply to web marketing but they most certainly do.

Tomorrow though we begin an 8 part series on using permaculture principals in building and marketing a business.  This will be based on an article called, 8 Forms of Capital in Permaculture, you can read it here.

I promise to make up for my recent absence with some earth shattering ideas about business, marketing and the new world of interconnected media.  Please as “homework” read the article and start asking yourself how the types of capital relate to the new world of business.

Jack on Making Money with Podcasting at Podcast Squared

Recently I was featured on a panel over at Podcast Squared, the topic was a really exciting panel all about the one thing most podcasters find elusive: monetization.   I was featured along side Chris Mancini from Comedy Film Nerds  and together we quickly dispelled the myth that no one makes real money from podcasting.

We covered topics like…

  • The idiocy of the “pay wall” for older episodes
  • Why community is more important than the method monetization
  • Why the “supporting member” model is so powerful
  • How advertising revenue can play a role but won’t likely make you totally free
  • Using drop shipping and affiliate sales
  • The power of “owning the product” vs. selling someone else’s

There likely won’t be a ton of episodes in the next two weeks as I will be in Montana for a week of training with Sepp Holzer and Paul Wheaton but this is an hour long panel that I think will really help you monetize not just a podcast but frankly any blog or forum.

You can Listen to the Panel Discussion Here

Two Announcments – Conference Call and New Chat System

Join Us on The Road

Join Us on The Road

A quick reminder that our first ever Premium Members Call for TheRoadTo100K.com forum is tonight at 7 central.  It will be 1-1.5 hours of q and a with me on anything you guys want to discuss.  While this service will be for supporting members only down the road we are opening it to everyone early on.  Full details for the call can be found on the forum here.

Secondly, an awesome community member named Mark Rose did what “they said can’t be done” and got Ajax Chat to work with the Road to 100K Forum even though we are running the 2.x beta forum software.  Hence the old third party chat is GONE, well not yet but I will get it gone soon!  You can use the new chat though right away, as long as you are logged in all you have to do is click on “Chat” at the top of the forum and you will log strait in with no additional steps required.

Remember these services are on the RoadTo100K Forum not JackSpirko.com, you can visit the forum here.

Episode-111- Making the Transition from Employed to Independence

Freedom is Worth the Cost

Freedom is Worth the Cost

Today I am not so much talking about how to get to an income level that will free you from your day job and take to a place where you are a business owner capable of supporting yourself.  What I want to discuss today is what do to when you get there or are getting close to insure a smooth transition from slave labor to freedom.  It isn’t all rosy and it can have some pitfalls and unseen consequences.

There is nothing better than waking up and saying, hell I am going to start a bit late today and no having to answer to anyone for it.  Or say deciding you want Friday off, condensing your week and then just doing it.  Working 4 hours a day doing what you love and making more money than any job ever paid you working 60 hours a week is pretty sweet too, but there are some things to look out for.

Here are 8 transitional questions you need to ask yourself….

1.  How are you going to handle health insurance?
2.  What effect will full self employment have on your social security taxes?
3.  What about “disability insurance”?
4.  Do you do business as a sole proprietor or set up a corporation or an LLC?
5.  Have you war chested enough income to handle the transition?
6.  Have you created a “buffer” for the problems that will occur?
7.  Are you mentally ready for the freedom?
8.  Do you have a plan to increase your growth and quality?

Discuss episode 111 at TheRoadTo100K.com Forums

 

First RoadTo100K Conference Call Tomorrow Night

Tomorrow night we will have our first conference call.  This feature will eventually be a premium member activity, but for now it is open to all members.  There are a few things you need to know about this conference call as well as future calls:

  • Conference calls will be recorded so that we may provide them for users to download.
  • Although we would love to have every forum member on the call, our service is limited to a maximum of 94 attendees.  If you are not able to join the call, it means we have met our threshold for participants. Though I don’t expect this to be an issue for quite a while
  • The dial-in number is NOT toll-free.  This means that you will accrue long distance charges for the time you spend on the call.

You will need the following information to access the call:

  • When:  Wednesday, April 25th @ 7:00 PM (CDT)  -  TIME ZONE CONVERSION
  • Conference Call Dial-In Number:  (218) 632-0550
  • Participant Access Code: 1051467#
  • Call Length: Approximately 1 hour
  • Subject:  This will be Q & A With Jack