For business maintenance reasons it is good to maintain majority ownership. You can also assign those 49% as a different class of shares. Non-voting for example. It’s just easier for mundane things like setting up a bank account.

Just my $0.02 CAD…

I am absolutely curious but why 49%.

We decided that someone had to have the final say. It makes decisions a little easier. However, I’ve never used my 2% advantage in real life :)

I have a more formalized list that I am working on currently. I hope to have it done this week. Especially the business aspects. It was easier to do the personal side for me.

Wow…three Jakes on one blog. Crazy!

I think it’s also important to note that you goals should be attainable. I like to make sure I focus on goals that are realistic. Also, people shouldn’t feel like they need to set goals only this time of year, goals are a good thing anytime of the year.

I do almost the same thing you do. Here are a few of mine (I’m actually getting them down today, so this post was timely.)

* Have people over to the house at least 3 times a month.
* Write one (or more) page of fiction every week.
* Exercise at least 3 times a week.
* Re-do the master bathroom.
* Take at least 1 picture a day.

keep up the great work and best wishes in 2007 and beyond!

Thanks Rob!

They suggested the following sentence/formula: Company Name plans to increase revenue from $____ to $____ by month, Year with profitability of ___%.

Great idea – I think I’ll use that :)

3. Employ wife

That’s one goal I’ve managed to achieve and it’s been amazing (however Gill is not just an employee, she’s a 49% shareholder).

Personal
1. Go to the gym 3 times a week and enjoy it
2. Halve my debts
3. Buy a new car
4. No alcohol on a week nights/some at weekends

House
1. Fix the tap in the kitchen
2. Decorate lounge
3. Fix the plug in the bathroom
4. Put more art up

That should do it..

They suggested the following sentence/formula.

Company Name plans to increase revenue from $____ to $____ by month, Year with profitability of ___%.

From this simple sentence you should be able to get all of the financial information that you need. It tells us what the current revenue is and what you would like it to be at a specific time in the future. By showing the current revenue is shows us how you are placed to achieve your revenue goal. The profitability is the most important section of the statement. This helps understand the longer term prospects of the business. If profitability is only 5-10% then you might find your business struggles during some of the more lean times.

Anyway, I hope this information might be helpful to someone in setting their business financial goals for this year.

I look forward to seeing you accomplish all this and more. Sharing your goals and dreams is a great way to get everyone involved towards accomplishing them.

In addition to the weekly goals I set with those I work with, here are the high-level things on my “living” and evolving list:
* forgo tradition to pursue challenges that spark passion
* share information about how to apply Internet technologies on a shoestring to solve real business and social problems
* work on building revolutionary products and services that have positive social impact
* adopt and implement bleeding edge technologies
* actively pursue all forms of culture shock
* embrace the thrills of success and failure in building entrepreneurial enterprise
* work with others to help them achieve “success”
* strive to do the right thing
* surround myself by people who consistently amaze me

keep up the great work and best wishes in 2007 and beyond!

Hopefully this time next year i will be able to look back at this comment and feel satisfied with myself!

Great tip about making them measurable. It helps bring down the “head in the clouds” goals i usually have and rarely achieve.

1) Blog at least 3 times a week.

Nice one Jacob. I’m going to aim for every day. Yikes!