Log of what of Matthew Millington has learned at Techie Youth

Sat. Aug. 6, 2022

Digital Assets

What Is a Webinar taught me:

• A webinar is a video workshop, lecture, or presentation hosted online to share knowledge on a topic. They can be live or recorded

• Promoting your webinar in advance is an excellent way to get more viewers

• Keep the audience engaged in your webinar by responding to chat messages and making slides visually appealing

• Make sure you rehearse before your webinar

4 Essential Tips For Teaching an Effective Online Course taught me:

• Make the student believe that they have the ability to solve the problem

• Make them feel comfortable with the topics by relating them to an experience in their past

• Have silent periods so students can think and ask questions

What Are Stock Photos taught me:

• Stock photos have rules and regulations to be used

• They are images made by photographers that are made available for use by others

• They have many uses such as decorating a website

• It is easier and cheaper than hiring a photographer every time you need a photo

Best Apps To Sell Photos Online In 2020 taught me:

• photos can be sold in stock or in competition

• There are different apps for different photos

Sat. Jul. 30, 2022

Exucutive Summary Submitted

My Executive Summary has been submitted now that I finished my research. I am considering putting it into action during the summer if I am not working or have enough free time.

Fri. Jul. 29, 2022

Executive Summary

I finished Entrepreneurship and I am working on my Executive Summary To Submit it.

Wed. Jul. 27, 2022

Working Towards Starting Your Company

Startup Funding Explained taught me:

• Seed investment is someone buying a percentage of shares that sets the value of the company

• Venture capitalists work for venture capital firms and raise venture capital funds, by taking other people's money and investing it into young risky companies.

• Angel investors invest their own money into a company.

• Pre-money valuation is how you currently value it

• Post-money valuation is pre-money valuation plus the first series of investments that you collect. The higher the post-money valuation the better.

Minimum Viable Product and Pivoting taught me:

• Take the vision of my product and break it up into smaller steps

• MVP should have enough value for customers to use it, gives a preview of the future products, and gives us feedback about the product.

• Always listen to the customers' opinions

• Pivoting is making a big change to your product to adapt to feedback. Be flexible so that you can do what’s best for your company

Tue. Jul. 26, 2022

Executive Summary and Corporations

Executive Summary Example For An Effective Business Plan taught me:

• an executive summary lets the reader know what my business plan is about

• since it is a summary it can only be 1-2 pages long

• briefly explain the mission statement, target market, problem, solution, competition, and strategies for making it a reality

• make sure it doesn't repeat something stated in your business plan

• write a summary after your business plan

• keep a professional optimistic tone

Legal Basics And Business Entity Formation taught me:

• in a general partnership the partners share personal liability and have equal say in making decisions

• in a limited partnership one partner has unlimited liability and has most of the control of the company, while the other partners have limited liability and limited input

• the limited liability partnership all partners get limited liability

• corporations are separate from their owners

• C-corps are protected from lawsuits. They are expensive to form and pay tax on profits and stockholders have to pay taxes as well. Requires annual reports.

• B-corps let the CEO make decisions for social good even if it doesn’t yield the most profit. Has the same taxes and reports as C-corp with more reports to show the social good.

• Limited Liability Company can have one or more partners with limited liability.

Mon. Jul. 25, 2022

Value Proposition, Exit Strategies, and Key Partners

How To Choose An Exit Strategy taught me:

• Entrepreneurs think of exit strategies to make money off of their business. Another company or management team could be interested in the business and buy it.

• An IPO is selling a portion of the company in public markets ad still operating as you did before it was sold.

• A strategic acquisition can be done with cash or stock and involves another company purchasing your business

• Management buyout is selling your company to the next generation of managers and it is the easiest transition within exit strategies

Value Proposition Examples taught me:

• They are specific, have a target audience, address a problem, and show why the company should be picked over another.

• learn how to differentiate your company from competitors

• if they are too long the reader will lose interest

How To Seek Help And Find Key Partners taught me:

• Working with key partners increases profit by lowering the cost per item by buying in bulk

• Key partners are formed to help their company and increase the revenue of both companies

• Partners contribute to raw resources and production of your company. They help with distribution also.

Fri. Jul. 22, 2022

Ways to Plan For A Business Financially and From A Customer's Standpoint

Profit Model taught me:

• how to plan out how much money will be needed to buy resources and still have a profit.

• the production and operating component which is used to maximize production

• the sales and marketing component to advertise the products

• the delivery of goods and service components which makes sure the product was received in a timely manner

• there are four types of profit models depending on the activity of the company

Value proposition and customer segments taught me:

• figure out why people should choose you over everyone else

• Create a new market that people lets people complete a task in a new way

• Find out ways customers can feel good and confident by having them fill out surveys to look for what they are interested in.

Thu. Jul. 21, 2022

How To Speak

How To Speak taught me:

• To tell people my vision and something that I have done within the first 5 minutes

• End a speech by saluting the audience or telling a joke. Never say thank you for being here. Say I appreciate the audience and I and excited to come back here and to give another speech

• Once you get a position try to figure out a way to get recognition

• Don’t have too many slides and a lot of words

Wed. Jul. 20, 2022

Entrepreneurship

What Is Entrepreneurship taught me:

• Small medium Entrepreneurship focuses on local markets. You gain money and it reaches a limit.

• Innovation Driven Entrepreneurship focuses on a global network. You lose money to gain a lot more

How To Select A Beachhead Market taught me:

• Have good paying customers that are quick to access

• Have a compelling product that is offered as a whole product

• Make sure you are better than your competitors

• Make sure it aligns with your personal goals

Tue. Jul. 19, 2022

App Development

Here’s How To Get A Big App Development Client taught me:

• Join Facebook groups that focus on the same field you want to get into

• Partner with agencies

• Attend events and get referrals

How Much Does It Pay To Be A Mobile App Developer taught me:

• I need to know Java, Swift, and Objective-C for programming

• The base salary is $78,914

Mon. Jul. 18, 2022

Finding A Mentor

How To Find A Mentor: 3 Steps To Forming The Relationship taught me:

• The right mentoring relationship can be a powerful tool for professional growth

• Mentors can help you get jobs, a promotion, and improve your work-life balance

• A mentor is someone that you look up to and someone that can contribute to your goals

• When asking a person to be your mentor let them know more about you and the reason you want them as a mentor and how much time is involved.

• Be consistent with the mentor and take notes when you plan to meet with them.

How To Find A Mentor - The Right way taught me:

• Do my research about a person so that I don’t ask them questions that I can find online.

• Don’t wait until you have a mentor to progress in life.

• Don’t directly say can you be my mentor

Fri. Jul. 15, 2022

Time Management and Health

How To Maximize The Value Of Your Time taught me:

• How to calculate how much my time is worth by including the expenses of my everyday life

• Watching TV, washing dishes, and doing laundry take up more time than needed and should be shortened to save time and money.

• Working from home saves time since you don’t have to commute and dress up.

Time Management - 10 productivity Tips That Work taught me:

• To focus on the volume of work and not be a perfectionist. This will help you from losing your train of thought.

• Multitasking is bad. It is better to focus on one thing at a time.

• Take small breaks and reward yourself

• Make plans to do something later so that you can get your work done and stay focused.

Parkinson’s Law - Manage Your Time More Effectively taught me:

• Longer deadlines mean that it takes longer to do the assignment.

• The longer you wait to do work the more pressure it builds. This can cause the work to be inadequate when completed

Does Multitasking Kill My Productivity taught me:

• Multitasking slows you down.

• Multitasking lowers your IQ by as much as 15 points

• Multitasking increases your stress hormone

• Eliminate distractions

• Use time blocks to get work done

• Practice Mindfulness

This Is What REALLY Happens When You Start Exercising taught:

• The body gets a regular supply of Endorphins and Dopamine from working out

• More blood flows to the brain from exercising

• You get better sleep from exercising

How To Present Yourself As A LEADER taught me:

• To better yourself so that others can see you as a strong leader

• Have a strong self-control

• Have good habits

• Speak with a commanding voice

Thu. Jul. 14, 2022

Music Producing Careers

Creating Music on The Go TED Talk taught me:

• That DJing is more than just transitioning songs

• DJs can put layers of sounds on top of each other and make sounds that millions of people will enjoy at a party.

How This Tip Top Producer Turns His Laptop Into A Studio taught me:

• Just laptop software and extensions are needed to make a beat and put together a song.

• Producing on the go is easy and doesn’t require going to a studio.

• It is important to feel out an artist to understand what type of beat is comfortable for them.

Timbaland Teaches Producing and Beatmaking taught me:

• It is better to make the sound with your voice and figure out what to add on top of it later.

• It is important to freestyle and loosens up to make a beat that you like.

Wed. Jul. 13, 2022

Credit Cards and Cryptocurrency

PayPal, Stripe, and Square vs, Merchant Account taught me:

• Paypal, Stripe, and Square are all paid aggregators which makes it simple and easy to set up. The only risk is that it can freeze without warning and can stay like that for 6 months.

• Merchant accounts are directly connected to the bank and can only be used for the product that you specify that you are selling which can freeze the account.

The Best Crypto Wallet For Business taught me:

• Hot wallets are connected to the internet and are accessible through username and password. The most commonly used hot wallets are desktop, mobile, and web wallets.

• Cold wallets are not connected to the internet which makes them harder to hack. They are held on paper wallets, USB drives, or hardware wallets.

Accepting Cryptocurrency In Your Online Business taught me:

• Cryptocurrency is a digital form of currency that uses encryption techniques to regulate the generation of units of currency and verify the transfer of funds.

• Cryptocurrency operates independently of a central bank.

• Payments can be sent and received anywhere in the world.

Tue. Jul. 12, 2022

How To Make Money and Manage My Budget

10 Remote Jobs for beginners taught me to:

Is Remote Work Right For You taught me:

Salary Calculator taught me:

Cost Of Living Estimator taught me: