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Jacob Wright Discusses Challenges To Making Accurate Financial Projections In Business Plans

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Total Case Duration :

  • Date Added : 2/4/2009
  • Clip Duration : 0 min. 49 sec.

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Jacob Wright

  • Founder, Action Companies Group
  • male
  • Caucasian
  • 1978 (Age: 42 years old)
  • Jacob Wright - Interview - Hospitality Entrepreneurship
  • Video 1 of 24 in this Case
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Biography

Jacob Wright is a successful entrepreneur in many realms of the hospitality industry. A serial entrepreneur who started his first business at age 18, Wright has founded and led successful businesses in the action sports, website development, real estate development, restaurant and hotel industries. He is co-founder and president of Action Companies Group, which develops, manages and owns restaurant and hotel properties. From his base in Syracuse, N.Y., Wright leads a team of 200 associates who are now focused on building leadership in the limited-service hotel segment.

Probably, the hardest part of the business plan is always the projections. You see data from large companies like Marriot that have done studies on their studies. You've got about a 50-50 chance even though they have got some of the smartest people in the world. If you can find a way where you ca...(Full transcript available to logged in subscribers.).

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Jacob Wright videos

Video 1 of 24 Jacob Wright Discusses Challenges in Learning How To Bootstrap
  • Jacob Wright - Interview - Hospitality Entrepreneurship
  • 2/4/09
  • Jacob Wright
  • 0 min. 41 sec.
Video 2 of 24 Jacob Wright Discusses Importance Of Maintaining Your Integrity
  • Jacob Wright - Interview - Hospitality Entrepreneurship
  • 2/4/2009
  • Jacob Wright
  • 0 min. 35 sec.
Video 3 of 24 Jacob Wright Discusses Importance of Being Optimistic When An Entrepreneur
  • Jacob Wright - Interview - Hospitality Entrepreneurship
  • 2/4/2009
  • Jacob Wright
  • 0 min. 54 sec.
Video 4 of 24 Jacob Wright States Many Entrepreneurs Are Insecure And Feel Need To Prove Themselves
  • Jacob Wright - Interview - Hospitality Entrepreneurship
  • 2/4/2009
  • Jacob Wright
  • 1 min. 4 sec.
Video 5 of 24 Jacob Wright Discusses Personal Methodology For Documenting Ideas About Business
  • Jacob Wright - Interview - Hospitality Entrepreneurship
  • 2/4/2009
  • Jacob Wright
  • 0 min. 52 sec.
Video 6 of 24 Jacob Wright Recommends Formalizing Plans And Using A Professional Accountant
  • Jacob Wright - Interview - Hospitality Entrepreneurship
  • 2/4/2009
  • Jacob Wright
  • 0 min. 51 sec.
Video 7 of 24 Jacob Wright Discusses Common Misconceptions About Partnerships
  • Jacob Wright - Interview - Hospitality Entrepreneurship
  • 2/4/2009
  • Jacob Wright
  • 1 min. 20 sec.
Video 8 of 24 Jacob Wright Shares Thoughts on Division Of Equity Among Partners
  • Jacob Wright - Interview - Hospitality Entrepreneurship
  • 2/4/2009
  • Jacob Wright
  • 0 min. 52 sec.
Video 9 of 24 Jacob Wright Discusses Dilution Of Shares
  • Jacob Wright - Interview - Hospitality Entrepreneurship
  • 2/4/2009
  • Jacob Wright
  • 0 min. 57 sec.
Video 10 of 24 Jacob Wright Shares Anecdote On Hard Negotiations
  • Jacob Wright - Interview - Hospitality Entrepreneurship
  • 2/4/2009
  • Jacob Wright
  • 1 min. 4 sec.
Video 11 of 24 Jacob Wright Explains Challenges In Early Stage Businesses
  • Jacob Wright - Interview - Hospitality Entrepreneurship
  • 2/4/2009
  • Jacob Wright
  • 1 min. 4 sec.
Video 12 of 24 Jacob Wright Discusses Importance Of Mentor Relationship
  • Jacob Wright - Interview - Hospitality Entrepreneurship
  • 2/4/2009
  • Jacob Wright
  • 0 min. 43 sec.
Video 13 of 24 Jacob Wright Discusses Managerial Strategies At The Top
  • Jacob Wright - Interview - Hospitality Entrepreneurship
  • 2/4/2009
  • Jacob Wright
  • 0 min. 55 sec.
Video 14 of 24 Jacob Wright Discusses Importance Of Having A High Performing Team
  • Jacob Wright - Interview - Hospitality Entrepreneurship
  • 2/4/2009
  • Jacob Wright
  • 1 min. 7 sec.
Video 15 of 24 Jacob Wright Discusses Team Loyalty and Dynamics
  • Jacob Wright - Interview - Hospitality Entrepreneurship
  • 2/4/2009
  • Jacob Wright
  • 1 min. 24 sec.
Video 16 of 24 Jacob Wright Explains Choosing To Share The Company's Financials With the Team
  • Jacob Wright - Interview - Hospitality Entrepreneurship
  • 2/4/09
  • Jacob Wright
  • 0 min. 52 sec.
Video 17 of 24 Jacob Wright Shares Anecdote On Cash Flow And Early Struggles
  • Jacob Wright - Interview - Hospitality Entrepreneurship
  • 2/4/2009
  • Jacob Wright
  • 1 min. 6 sec.
Video 18 of 24 Jacob Wright Discusses Balance Between Business And Family
  • Jacob Wright - Interview - Hospitality Entrepreneurship
  • 2/4/2009
  • Jacob Wright
  • 1 min. 36 sec.
Video 19 of 24 Jacob Wright Discusses Advantages To Making Direct Pitches
  • Jacob Wright - Interview - Hospitality Entrepreneurship
  • 2/4/2009
  • Jacob Wright
  • 1 min. 27 sec.
Video 20 of 24 Jacob Wright Discusses Challenges To Making Accurate Financial Projections In Business Plans
  • Jacob Wright - Interview - Hospitality Entrepreneurship
  • 2/4/2009
  • Jacob Wright
  • 0 min. 49 sec.
Video 21 of 24 Jacob Wright States Importance of Paying Attention To Every Detailed Line Item In The Financial Projections Of The Business Plan
  • Jacob Wright - Interview - Hospitality Entrepreneurship
  • 2/4/2009
  • Jacob Wright
  • 0 min. 28 sec.
Video 22 of 24 Jacob Wright Discusses Strategies To Vet Business Plans
  • Jacob Wright - Interview - Hospitality Entrepreneurship
  • 2/4/2009
  • Jacob Wright
  • 1 min. 7 sec.
Video 23 of 24 Jacob Wright Addresses Dealing With Negativity
  • Jacob Wright - Interview - Hospitality Entrepreneurship
  • 2/4/2009
  • Jacob Wright
  • 0 min. 42 sec.
Video 24 of 24 Jacob Wright Discusses Role Of Upbringing In One's Ego
  • Jacob Wright - Interview - Hospitality Entrepreneurship
  • 2/4/2009
  • Jacob Wright
  • 1 min. 25 sec.

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