Our Speaker: John Dimmer

Luckily, we got John Dimmer as the last speaker of our Entrepreneurship course before the spring break. In fact, this was nice opportunity to listen John and asked him important question about how to find an investor for a business or how to choose a company structure such as C- Corporation, S – Corporation, LLC and Sole Proprietary. But, before we dive into the story let us mention the John Dimmer’s background briefly. John went University of Oregon and graduated with BS in finance. Then he found a job at Puget Sound Bank where he learned a consumer lending and debit collection.

Then in the early of 1994, John and our Professor Andrew fry had founded Free Range Media a software company that had created the first commercial website for car dealership and so many other great websites including the NFL website which was under Free Range Media contact for a while. Currently John owns different business includes the Firs Management LLC an investment company that has it headquarter in Tacoma Washington, a Honda Car Dealer located in Wilsonville Oregon and an Air Stream dealership that has different locations throughout the Pacific Northwest region and North California.

In his class presentation, John addressed few important topics such as how to attracted investment in your business and how choose the right structure of your business. And what are the legal aspect surrounding for each option of company structures while it is C-Corporation, S-Corporation, LLC or Sole Proprietary. He also illustrated two common business models. A traditional business model that are financial stable, and their revenue are always greater than their expenses in order they can make a profit. On the other hand, there is another model that focuses to control a large share of a market and later use the controlled market sold other companies.