Day 40

Is it really day 40?

Wow. I think in some cultures thats a milestone. haha. I dont know which one.

Eric and his wife Oggie

Dad and I met at Chipotle for lunch. We were meeting with a former colleague of mine named Eric. Eric is business savvy, young, enthusiastic entrepreneur. After several years in the navy, he is finishing up his business degree at WSU and is interested in joining Time Trails. We met for about 3 hours and discussed the future plans and current logistics of the project. It is good to have Eric working with us, especially as we encounter several intense business issues that he can help with immediately. Remember Dad and I are self taught in business - Eric has a degree in it. So that is good.

Eric actually has several good ideas himself for new inventions. Maybe in the future those can come to reality.

I went back home and worked on some business documents. Worked on a new Piano song friday night. I'm tentatively calling the song "The Alchemist".

(Karl adds...)

Afternoon - we engineered a three-way call to Tom Moore, the SCORE advisor I met last week in Denver. He had read our business plan, and had some excellent comments and recommendations. He also has the perception that we must find investors, that there is virtually no prospect of a lending scenario. Tom seemed to like the idea itself - he recommended using much stronger "big deal" wording in the executive summary, partly, it seemed, because whereas we had wanted a buttoned-down banker summary, he wanted an explosive first-impression investor summary. So he made lots of suggestions that basically echoed our best arguments for the business and put them front and center.

Tom also corrected and realigned our financials away from a loan and into a stock-holding investment scenario. This area is still a little hazy - especially how we plan to sell stock to investors, but apparently we are about to learn. All in all, our Denver contact with Tom was an important and productive one, reinforcing our impression that there is an amazing depth and quality of free busines counseling out there, waiting for good people to stumble in the door and avail themselves of it!