Archive for April 27th, 2004
How to Research Your Business Idea
Entrepreneur: “Somewhere between scribbling your idea on a cocktail napkin and actually starting a business, there’s a process you need to carry out that essentially determines either your success or failure in business. Oftentimes, would-be entrepreneurs get so excited about their ‘epiphanies’ — the moments when they imagine the possibilities of a given idea–that they [...]
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YoungBiz: “Our quest to find America’s top business owners ages 19 and under led us to interview hundreds of teens, asking a variety of questions about the value of their companies, how they contribute to their communities, and what makes them successful. This year’s YoungBiz 100 earned a combined total of over $7 million in [...]
Virginia Postrel writes in the NY Times that the big deal about Internet commerce is not the lower prices. It’s the selection. The Internet offers variety that is simply impossible in traditional stores: When I wanted a contemporary light fixture in copper, I used Google to find a specialty retailer that had one I liked. [...]
Innovation is Distruptive to Big Companies
Economist: “Mr Christensen described how ‘disruptive innovation’–simpler, cheaper and more convenient products that seriously upset the status quo–can herald the rapid downfall of well-established and successful businesses. This, he argues, is because most organisations are designed to grow through ‘sustaining innovations’–the sort, like Gillette’s vibrating razor, that do no more than improve on existing products [...]
Legitimate Businesses You Can Start for $20
About.com presents ten small-scale business ideas that you can jump start for online $20: Webpreneur Consultant Housesitter / Petsitter Professional Organizer Avon Independent Sales Representative Personal Services – Shopping & Errands Desktop Publishing Tutoring eBay Seller Secretarial Service – Typing / Transcription / Proofreading
Shoestring Marketing for the One Man Band
Wizard Academy: “A mechanic friend, Tony, carries in his glove box several dozen computer-printed 5X7 flyers that say, ‘I specialize in fixing BMW’s like this one. Is it running like it should?’ When work is slow he drives through parking lots and looks for BMWs. When he finds one, he scribbles a little note to [...]
USA Today: “The $50 bill will sport a more colorful, patriotic look, with infusions of red and blue, a waving flag and a metallic silver-blue star — all part of government efforts to combat sophisticated counterfeiters. The redesigned $50 note, unveiled Monday by Treasury Secretary John Snow, will be issued in late September or early [...]
