Tag Archives: business

What surprises me about sport business

Sport Business

Sport Business

I has long been a fan of Manchester United and it is fascinating for me to learn about their business and in general, sport business. So, I followed a course in Coursera, https://www.coursera.org/course/globalsportsbusiness to find out more about this industry.

I always have these big questions:

  • How much do these sport companies earn?

  • How do they justify their big spending on player transfer?

  • What are different source of revenues, like advertising, media streaming, player transfer, youth training and transferring, gate tickets?

  • How can the weak team survive, comparing to big teams like Manchester or Real Madrid?

  • How people make sure that these teams don’t cheat on their games?

  • How about drug testing? (this question is already answered on this blog post)

Their Revenue and Income

Big Sport Teams like Manchester United only earns very little comparing with some giant Internet companies like Facebook or Microsoft. Their players can earn a lot comparing to other companies’ employees, though.

Manchester United market capitalisation is: 3.10 Billion $. Well, that is relatively low, comparing to 1B$ of Instagram or 47$B of Facebook. We will investigate each of their sources of revenues to understand where is the big budget and what the league does to make sure it stays competitive and interesting.

Gate Income
is sometimes shared between home and away team, normally ranging from 0%-33% to the away team. Here is the following list of 10 top gate receipts. This gate income contributes a significant part of the income for the clubs:

1 Real Madrid – 438.6m

2 Barcelona – 398.1m

3 Man Utd – 349.8m

4 Bayern Munich – 323.0m

5 Arsenal – 274.1m

6 Chelsea – 255.9m

7 AC Milan – 235.8m

8 Liverpool – 225.3m

9 Inter – 224.8m

10 Juventus 205.0m

Media Income:

The Media is working really well with sport business as the percentage of audience watching a delayed sport is very low, only 4.4%. The following table shows the proportion of audience that watches a delayed show.

Category

% of audience watching delayed

Sport Events

4.4%

Award Ceremonies

14.7%

Comedies

39.5%

There are different business models in this area: TV Networks, Cable TV Model, Regional Sport Network. They can benefit from both the Subscriber Fee and the Advertising Revenue.

The Media Income of some big sporting event:

– Superbowl: 106 million audience (at year 2010)

– UEFA Champions League: 109 million audience (at year 2010)

Other income:

There are other incomes from training the young players and selling them to other teams. The naming fee for the stadiums and the team. There is also salary cap for the players inside the league as well.

 

Top 5 Energy Saving Apps for Small Businesses

Software applications and resources that can allow business owners to reduce their overhead and operational costs may be a resource that few startups can afford to do without. Resources that can allow you to more easily and effectively track your electric consumption, curb demand for costly utilities or help you find the best , electric companies in Hamilton Texas, and surrounding regions have many benefits for smaller businesses and startups that are seeking to reduce the cost of their energy usage. Finding and making use of the best apps can ensure that your business is able to make use of more competitive utility rates and reduce costly waste and excessive energy consumption.

Choosing the Right Energy Provider

Paying too much for any resource could be a serious misstep, one that a business operating with fixed or limited financial resources may not be able to make. Sorting through your options and comparing electric providers and utility services in an effort to find the most cost-effective options and the greatest values can be a daunting task when you lack for the right resources to aid you in your search. Applications able to provide real time pricing information and easier navigation of the providers you have to choose from can ensure you are able to find the most beneficial options for your electrical service.

Tracking Consumption for Greater Energy Efficiency

Having to keep tabs on the operational habits and costs of powering your business is a labor intensive task, one that may rob yourself and staff of energy that would be better spent on more important matters. Software that can speed up or automate the process will ensure that you are able to stay informed about the level and cost of power consumption your operation is resulting in. Superior information may be required in order to more effectively and successfully curb your consumption.

Reducing Electric Waste
Fixtures and appliances that are not as efficient as they could be, devices that are being powered when not required and other habits and situations that could be costing you more than you might realize are all situations that can be more effectively remedied when you have access to the right information. Tracking your electrical consumption with a software application can allow you to target and identify any aspect of your operations or working process that could be made more efficient. Using less energy will reduce your utility bills and overhead expenses and may allow your business to become more profitable as a result.

Finding the Best Resources

With a number of applications to choose from, finding and selecting the best of them could seem like quite the challenge. Conducting a little research and finding the applications and software resources that will be of most benefit for your business will ensure that you do not lack for a superior resource. The tools you need to ensure your business is able to be made more efficient and less costly could make a big impact on the results and success of your efforts.

Excel Rules

Excel

Excel

It is quite surprising for me to see how Excel rules the world of business. I know that many people in different companies, big or small use Excel for their daily jobs. But, until recently, I have understood how much impact Excel does have in the business world, and why it is the case.

These 2 excellent posts describe most of the use case of the Excel, why people still use it in the professional world, even in JP Morgan. I think Excel will rule even in the next few years, due to its ubiquitous usage, and many people support it (or its format): Microsoft (of course!), Google (with Google Docs).

Sorry Geeks, Microsoft Excel is everywhere

The importance of Excel

Why not join with a startup idea?

Idea vs Execution

Idea vs Execution

Just found a brillian post, says all I need to say for most of my friends or people. And a good advice to people, please think through and not so disappointed if some developer does not want to go with your idea. The #1 item is the most important thing, imo:

  • Ideas are easy, execution is hard.
  • People approaching developers often dramatically underestimate the amount of development work, or the complexity of it.
  • Proposing a revenue share means the developer has to take as much risk as the idea guy (for very low pay, given the point above), and trust that the business will receive the right amount of marketing/sales follow-through.
  • There’s an opportunity cost to working on someone else’s idea instead of for paying clients.
  • The idea being proposed is often very unrealistic (and the developer, having worked on a number of such ideas, can tell).
  • Developers have their own ideas to work in anyway.

Freelancer Lessons and Strategies

freelancer jobs

freelancer jobs

As my plan in Adelaide, I want to get some job to earn money as well as keep me up to date with industry technologies. However, this turns out to be much harder than I believe when Adelaide is such a small city that does not have many IT companies here.
Then, I started my second option in my plan to looking for freelancer jobs and going to websites that offer freelancer jobs to see what I can get from there, and things are growing up fast enough and I learnt some key lessons over the my new job.

 

Price

Price was my first concern over deals and bid to get accepted a project. However, I can see that most of times, price is not the top priority for employers. What they care is they can have a high quality product in a short amount of time with a reasonable price. My strategy is to pick a fixed hourly rate for myself when competing and then just calculating over the number of hours I need to work and give them a general price.
I try to convince people about quality, in many terms: communication and product. I think it is true for any work with clients to try to exceed their expectations, try to understand their problems well and do exactly what solves their problems. The price can be higher but we can save time, money and make people feel safe, they would hire us. So, don’t aim for only price. Put one that is reasonable and prove clients that it is worth every penny

Outsourcing

This is always a way to cut down the business cost. People hire me because they want to look for more reasonable price with the same quality. And I can make another step to outsource them back to Vietnam developers. It cut down the price for me and the client and I can save my time to more important jobs, such as studying in my university 🙂 (Supposed to be the most important one)

There are certainly more aspects about management when you have to do outsource and communication with customers when both of these are remote only. I don’t forget about technology lessons that I learnt and expect to learn and work over these freelancer works. These will be shared on the next entry.

References:

Image source: http://freelancejobfeed.blogspot.com/

Why should we join and support community?

There are always people keep asking me the same question: “Why do I actively join free community like Stackoverflow/BarcampSaigon/MobileDevCamp/My Blog/Top Coder? What is the value and the benefit?”. It is nice that people ask this question and actually think about it. And I hope that I can answer them fully with this post somehow.

vodkhang on stackoverflow

1/ Fun.

It is fun. Really? Yeah, it is actually fun. Wait a little bit, why is it fun for working? I love playing game, I love to see my level going up and my mark changes everyday, I love beating the top challenging problem. It is just so fun there. If you still suspect this for somehow, I would rather ask you why you play football and play guitar in the church outside of working time. If you think this is not a good example because people don’t have headache over those things, then we take a look at some others. Do you play chess? Why do people play chess and what is the value and benefit when playing chess? If you can figure out the answer at this point of time, then we are done. It is fun, that should be it.

At this point of time, if you still don’t feel anything fun to do so, I don’t know if you should continue reading about other benefits: brand advertising, learning and contributing. If you don’t get fun out of the work, especially the overtime work, it is hard to persuade the goal just by other visible benefits. Moreover, these benefits are only long-term seeing and require lots efforts and time.

2/ Brand Advertising/Social Networking & Trust.

WordPress Sharing

WordPress Sharing

Brand Advertising and Social Networking is important. When you actively join communities, you get to know more people and more people get to know about you. Nobody knows if these people turn out to be your next employer or your next friend that can help you out in the difficult situations.

I partly believe in the theory that sometimes, we should hire people that we are familiar and can trust rather than hiring some talented stranger. So, when people can see how you engage to help the community, people started to trust you. The more people know about you, the more people may trust you. And when people can trust you, they can give you the chance to work together or hire you as an employee or even work for you.

Moreover, these things are not built overnight, there is no overnight success. It may take you couple of months, or even years to write a blog and only your friends read it. It is the same with answering on stackoverflow, topcoder. It takes years for you to reach to an acceptable point that people start to recognize your name/your company’s name.

3/ Learning & Contributing.

Open Source

GNU Open Source

Now, we go to the last reason. It is the last not because it is the least important reason, it may be the most important reason for many people. However, many people want to see the something visible, something that either gives them lots of money or reputation to move forward to their career first. So, I just leave them read things they want to read first.

It is so obvious. When you answer something in stackoverflow, it is either help you to solid your knowledge or help you to think deeply to debug. I really like debugging on stackoverflow, it is challenging. You have to find the bug as soon as possible, and sometimes, you don’t have debugger, you don’t even have IDE to help you. You just read over the code, verify each line of the code and try your best to guess the part that can create the bug. That’s challenging and fun, actually.

References:

http://iphonedevelopment.blogspot.com/2010/12/non-deterministic-problems-aka-finding.html

Image Sources:

http://stackoverflow.com/users/flair/227698.png

http://en.flossmanuals.net/floss/publish/WordPress/rsrc/WordPress/Introduction/icon_big.png

http://t0.gstatic.com/images?q=tbn:ANd9GcQj7UR1webcv1NlEzFaRpAUeudZjWyOYYAA27iiaxot4X9vdDa2

My Career – A year look back and fro

vodkhang's career step

vodkhang's career step

It has been almost one year from my first day into my career (4/11) and since that day I have learnt a lot of things and sharing lots of things in my blog, stackoverflow, facebook and twitter. I will try to summarize and make a general view for my career in the last year. I will also give out my vision for my career for the next year

Web Development
My first work is Scala researching – a still hot technology and growing quickly until now.

Although currently, I do not work much in Web Development, but I will try, for sure, come back to this field again. Why? My vision about this field is still hot, highest and most challenging technology for scalable system is still here with the born of lots of things like Cloud Computing, Google App Engine, Scala, Ruby and Clojure. Maybe my next programming language for the web is Ruby. I already have the intention to jump into here. Hope that my colleagues in KMS can help me to catch up this technology fast.

The good thing about Web Development now is that we have Google App Engine and some App Store for the web is growing. With the born of Cloud OS which will happen soon, I hope that I will have the time and chance to come back, either individually or as a developer in the company.

Artificial Intelligence
This area is cool by its name and it is part of a reason I went to Melbourne last year. I had chance to work full time on it and even it was not a success, I learnt a lot from it. What I think is that I will try to focus on Computer Vision and Machine Learning (and may be Agent system) with the intention to apply them into iPhone someday. Why is iPhone? Because I still need to do something with commercial purpose and dealing with iPhone will at least give me some financial benefit in short term. And with iPhone and client technology, I don’t have to deal with massive amount of database problem which I have no chance to practice.

Related to Artificial Intelligence, I intended to take Phd from years ago. However, my decision now is something industry oriented rather than academic environment. I appreciate the academic environment, which is good to work and learn what you like but for now, I think I do not prefer it.

Mobile Development

I came to this area by luck, I didn’t really intend to jump into. iPhone programming is cool by its design, working in limited environment and dealing with memory management. There is another challenge for building iPhone app for me is how to make it the best for user, in other terms, usability.

I learnt lots of things about usability over last few months after reading some books: “Don’t make me think” and “User Interaction Design”. This viewpoint is a little bit from a designer’s perspective rather than a developer’s one. This is cool and make me understand more about users. To be honest, before I do iphone development, I am scared of designing (both in terms of graphics and interaction) and I don’t get love in it. But now, I think I can do at least interaction design well. The usability lession is a first and perfect one for overcoming scareness in my career.

Other stuff
Working in iPhone let me have time to learn something else that I am scared about. Git in terminal for example. I am scared of terminal and scripting and all those administration stuff before.

I am also trying to do a lot of testing in iPhone, from UI Automation Testing to Unit Testing which make me fall in love. I love the Google Testing Blog’s Term: “If it ain’t broke, you’re not trying hard enough”. Now, I feel so bad for anytime I cannot make a software crashed :). It is also good that I am still looking forward to improving my productivity day by day, automation process, hot keys and dual monitor was what I achieved. The next stuff will be emacs, for example.

My current love in technology can be said: “user, automate and scale”.

PS: To be honest, I hope that this is the first time I can focus 150% into working and researching. For the whole last year, I had to spend so much time in university assignments, exams and then GRE. Those things do not just take off my time but also kill my energy and passion so fast, while those things are either not challenging, boring or just I do not love it.