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Michael Hamlett Jr. is an author and serial entrepreneur that has a passion for stimulating creative ideas and begins the episode of Enterprise Radio talking about his unique selling point.
Listen to host Eric Dye & guest Michael Hamlett Jr. discuss the following:
- Every business has a unique selling point, what is your business’ selling point?
- What is the toughest challenge for your business/industry?
- What do you think is most important for small businesses?
- Do you think there is a difference between value and price?
- What can we expect from you in the near future?
Tip: Your cost of production for a good or service should be 10% of the price you charge for that good or service. It allows a greater margin for error when starting a business.
Duration: 8:12
After studying electrical engineering at NYU for a year, I dropped out. I decided to start my own business and pursue my dream of owning a fashion brand. What school didn’t offer me was a chance to get my hands dirty in my field. I just didn’t see the point of taking classes that had nothing to do with my major, or having to wait a year or two before I could have relevant internships. I believe entrepreneurs make the world go ’round, because they create businesses, which create jobs, which provide money for families, and one of the children in that family may become an entrepreneur and start the cycle again.
The book that I wrote, C.E.O.- College: Extremely Overrated, expresses my thoughts on whether college is necessary for entrepreneurs, with examples from my life and
other successful college dropouts. I believe our educational system does need to be reformed. I think we need to bring back apprenticeship programs in more high schools, kids should be able to choose other paths to educating themselves rather than suggest everyone should go to college, there should be more financial preparation classes in high school so that when these kids have jobs the are able to handle their money better and stay out of debt.
Related Web Site: dftaclothing.com
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