DIFD 321 – Week 1 John Rouda – Winthrop University The Business of Web Design • Key Objectives: – Leave here knowing more than you came in – Understand basic business concepts – Get a better understanding of the web and mobile world we live in – Motivate you for success in school and life – Make you a better person Getting to know you • About Me – Work History, Education, etc. • About You – Name, Year, Major (option), job/hobbies, favorite book, etc. Being Successful • • • • • • • Stay Busy Create Habits Take Risks Don’t Delay Set Goals / Triggers Take Notes Track your time • Be Safe (wait, what about risks?) • Never say “I don’t have the time” • Get to know your professors • Get in shape • Volunteer • Stay out of debt Syllabus • http://faculty.Winthrop.edu/roudaj/difd321/ Learning Stuff • How we’re going to do this… – 2 Exams, 1 project, sporadic homework and an occasional pop quiz or pop presentation. • Getting started… Intro to Business • Entrepreneurship • Risk vs. Reward • Stakeholders vs. shareholders Intro to Business • Product vs. Services • ROI and why is it so important? • IT in Businesses and how it affects ROI…and how ROI affects IT. The Internet • Productivity • Efficiency? • Effectiveness • How do you use the Internet to make purchasing decisions? Economics • Macro vs. Micro • Supply and Demand Free Market Capitalism • Perfect Competition • Monopoly • Oligopoly • Free Market vs. Socialism… Our Economy and how it affects you and me. • • • • Unemployment rate Inflation Stagflation Deflation Our Economy and how it affects you and me. • • • • • • • GDP and GNP Price Indexes Household income Home Sales Consumption US Trade Employment rates Global Business • Why think globally? • Importing and Exporting • Absolute Advantage Trade • • • • • Surplus and deficits Tariff Import quota Embargo WTO, EU, NAFTA, OPEC… what do they have to do with me? • Bartering… more than just craigslist Starting your own business • Ownership types: • Sole proprietorships • Partenerships • LLP • MLP • LLC • S-Corp • C-Corp How to get started • Buy an exsisting business • Start your own • • • • • Business license Legal Docs Marketing strategy Business plan Exit Strategy How to get started • Buy an exsisting business • Start your own • • • • • Business license Legal Docs Marketing strategy Business plan Exit Strategy Tangent – Website Architecture - SOA SOA • Is it for everyone? • Small Businesses vs. MediumLarge Businesses Ted Talks • Ideas Worth Spreading…. • Some are funny, some are inspiring, all are worth watching. • Sample – http://www.ted.com/talks/shawn_achor_the_h appy_secret_to_better_work.html HOMEWORK!!! • Watch a Ted Talk… Any Ted Talk. • Write a 1 (only 1) page summary of the Ted Talk. Include a link to the video. • Email me (roudaj@Winthrop.edu) an attachment of the summary as a Word Doc by 11:59PM on 9/2/2014.