Posted in 9th Grade, Business 1

B1L75 – Trust and Business Relationships

In business, there are four types of people: the seller, the non-purchaser, the one-time buyer, and the repeat customer. Each category explains itself, and each class has a different value to a seller. The seller category is valuable as a measure of the product, advertising, and profit. A non-purchaser is a heathen to be converted and a prospective customer. The one-time customer is a repeat customer to be captured, and a repeat customer is the most valuable asset of a business. The repeat customers are the foundation of a company, the basis of the entire operation. However, obtaining the support of a repeat customer takes trust.
A seller trusts each category in increments; The other seller is despised and mistrusted as wishing to con the opposing salesman, and the heathen non-purchaser is relied upon not to become a customer of another business. The one-time customer is trusted only on a one-time basis, on the fact that the buyer has the money and must be trusted for the businessman to make the sale.
Trust is two-way – the seller trusts the buyer, so the buyer believes the seller. If the seller is a scammer, the scammer will pressure the buyer because he doesn’t trust the buyer to buy. Then the buyer will sense this nervousness and back out. A genuine seller, though, will leave the customer to his own devices to make the decision, then the buyer will feel appreciated and make the sale. Also, the seller must trust the buyer – the client has the money, which is what the seller wants. If the businessman doesn’t believe the customer, he could drive a hard bargain, pressure the patron, not sell at all, or a combination of the three. Then the consumer backs out, and the merchant is cost money for his mistrust.
That’s why trust is necessary for business relationships, but for the top level, the repeat customer, it goes a lot deeper than just one transaction. With a repeat customer, the dealer not only trusts the customer to buy his product but to buy it repeatedly, over and over. For a trader, having this trust vindicated is essential for the business – I have talked about the 20/80 Principle in a previous discussion, but here is another one: 20% of the customers generate 80% of the income. in simpler terms, the repeat patrons produce almost the entire profit of an establishment.
In conclusion, in business relationships, there are different levels of trust required to make a sale, but in all of them, there must be some amount of confidence. If there isn’t, there won’t be a sale, and the seller loses money. And that’s how trust and business relationships (customer to seller) are linked.

Posted in 9th Grade, English 1

E1L90 – Advantages of Autobiographies

Not many people really think about writing an autobiography of their own. Nobody expects it to sell even a single copy. But even if it doesn’t, there are still advantages. Of course, if it does sell, the number of advantages is increased fourfold, but it still had advantages if it doesn’t sell. Two of the most obvious advantages are royalties and fame if the book sells well – the money could be possibly be used for a retirement fund. Another is an easy way to look back on life in old age when the memory fails. The only other advantage I can think of is that you can give it to your kids and grandkids so they know who you are.
So some people are in it for the money. Writing an autobiography isn’t hard, it just takes epic skills to get the book out there on the market for a good price. Only truly gifted writers start with an autobiography. However, if you really manage to start with an autobiography, you’ll probably get famous, making your book more popular, making you richer. So the two most obvious advantages of writing a best-selling autobiography are the riches and fame.
There are some less obvious advantages, though, even if the book doesn’t sell. Firstly, writing a book is a great way to practice writing, which is a universal life skill. The more books you write, the better you will be at writing simply because you went to the trouble of writing a book and editing it and all that madness. It doesn’t have to be published, because the writing comes before publishing, so nobody embarrasses themselves trying to publish a book. Heck, if anyone really wants it out there, all they have to do is start a blog and post the book! It’s really that easy.
Another advantage is that it’s easier to write about yourself than to, say, write a best-selling fiction book or a biography of Benjamin Franklin. Think of it as a boot camp for amateur writers – Teaches the basic knowledge and training, and the rest can be picked up out in the field from the more experienced trainees.
Of course, when the retirement fund becomes useful, and memory begins to fail, an autobiography can refresh the experience in the mind of the writer, and serves as a long, interesting journal to look back on.
The final advantage, after the writer is gone, could be that the book passes down through the generations to the kids and grandkids, and they read about the life of their forefather. It’s not much, but it’s something.
So there are five advantages that I can think of at the time. There may be more, but the ones I know are the money and fame, writing practice, boot camp, a memoranda of the past, and a relic in the future.

Posted in 9th Grade, English 1

E1L85 – My Biography, Pt. 1

This week, I read the autobiography of Mark Twain. It is disjointed and out of order, and it’s a little bit confusing. So when I write my autobiography sometime in the future, I will need to find some way to organize it other than straight-up blurt out things that come to mind, as Twain did. There are many things I can do to make sure my biography isn’t a mess like Twain’s, such as a journal, or maybe a blog. All that matters is that they keep my info safe until I need it to write my autobiography.

 One of the first things I could do is to write a journal of important events. Today’s journal entry could be, “Writing at 5:00 PM, about to leave for scouts. I took my midterm today at public school! I got about an 87, I think. Today is (date), and it is a (day of the week).” Of course, I’d add more detail if this was what I’d be doing, and getting enough of those could constitute an entire book instantly! The only problem would be that if I did that, I would have to do it nearly every day.   

 Another thing I could do is do a video recording every day. It would be a little less time-taking than a journal, but I’d have to transcribe it for the biography, which would take years. Videos are even worse – they take forever to record. Then I’d have to print it out from an audio recording anyways, so those are out of the picture. (Bad joke.)

 I think that the best option is – unless another option is found – take notes of each day in a program like Evernote. Each day, I’d take a barebones account of what happened that day. It could be in a bullets list, maybe a chart, possibly an audio recording if I don’t have much time. I may do a doodle on a sketchpad, but that probably won’t happen often. Then, when I want to write my autobiography, I sign into Evernote, check my notebook, and plug everything straight into, say, Word or Grammarly. Next, I would fill in the details and make some edits. That’s all I’d need to come out with an entire book based on daily notes.

 So those are a couple things that I can do to make my future autobiography so much less disjointed than Mark Twain’s. A journal, audio recordings, and videos are all options, but the best one is daily Evernote notes. As long as I put dates on them, they will stay in order, and I only have to fill in the little details to make an entire book.

Posted in 9th Grade, English 1

E1 L80 – Plunkitt and His Money

In Autobiography of George Washington Plunkitt, written by William Riordon, Plunkitt (in one of his talks) speaks openly about how he made millions of dollars. He lectures on the differences between honest graft and dishonest graft and states that he made all his money by honest graft, then he goes into how he made it and why his methods worked. These methods still work today, and many ask, “Why was Plunkitt so free about how he made his money?”
            I think that the reason for this lies in that about two months before this was written and published Plunkitt lost to a college-going guy, which was who this book targeted. I think Plunkitt knew after he lost that election that his career was probably over, so he gave up his secrets on how he made all his money. His train of reasoning was perhaps, “Uh oh, I lost an election, so my career is going downhill. I might as well release my secrets on money-making, because I already have enough, and I can always make more.”
            Well, he certainly did make money after that point – from the book royalties. Riordon happened to be an educated Republican, one of the targets of the book. Riordon subtly exposed little details about Tammany and Plunkitt that discredited the organization and Plunkitt. That made the book an autobiography, the likes of which the world had never seen before. That made it unique, and thus profitable. Plunkitt made thousands off the book, though he lost his reputation as a cost.
            From that point on, Plunkitt turned into more of a joke to educated politicians and the Republican Party than a substantial threat, and he was. The book slaughtered his reputation to such an extent that after losing once, he never won again. He got pretty much booted from politics for allowing that book to go through, and it contributed to the collapse of Tammany 50 years later.
            So in multiple talks in the book Autobiography of George Washington Plunkitt, Plunkitt talks about how he made his money. Many will ask why he did it, and that is my answer to the problem: he knew he was screwed, so he just let his tactic to make money out into the wild and gave up the political ghost.