Complicated

2nd day of layout the details of the financial system.   Very complicated.  I initially though I could structure contractual relationships between the entities first – but in fact – by working through the accounting system and consolidations across the...

Finance and Accounting

Today was spent on mostly figuring out how to setup the accounting structure for the various companies under RedStores.com umbrella.  In particular, the key aspect driving daily bookkeeping function is to know to which company certain transactions should be...

Power Day

Great busy day today. 10am meeting over coffee with Gerry to go over the next 4 months. Goal is to launch all the muse sites, revamp silver, and get blingonly online. We identified that our photo editing was our bottleneck, so gave a go-ahead to hire 2 more graphic...

Banking and Hong Kong

Today was focused on getting banking facilities established for RedStores BVI and RedStores HK. My objective was also to learn on how build credit facilities and to learn what HSBC needs. Bottom line, HK is tax free haven – so it’s a good place to...