Archive for October 28th, 2004
Transitioning from the Startup Phase
Jay Dwivedi: “I divide an entrepreneur’s life into three distinct phases: initiating (dreaming up grand ideas, making paradigm shifts, putting a team together, funding, etc.), establishment and growth (attracting customers, serving them well to gain additional business, and diversifying into related business), and finally, sustenance (maintaining the growth and values of a company in a [...]
The History of Venture Capital
“I call my invention ‘The Wheel,’ but so far I’ve been unable to attract any venture capital.” via Jeff Cornwall.
Jeremy Wright’s very interesting new project Resume Wiki has launched. Jeremy describes the new site as “part resume/job hunting resource and part ‘get community input into your resume’. My hope is that this resource will bring the power of communities to resumes.”
Small Biz Advisor: “Doing radio interviews can be an effective way to publicize yourself and in the process, sell a few books. But even if no immediate sales result from an interview, the publicity, over time, will have a positive effect on sales. Some folks have no problems with interviews (in my case, my amateur [...]
Stats on Customer Dissatisfaction
Steve Johnson: The average customer with an unresolved complaint will tell nine to ten people; 13% tell more than 20 people. Up to 70% of complainers will return to your business if their complaint is resolved. Up to 95% return if the problem is resolved quickly. For every one complaint received, the average company has [...]
Greedy Girl: I’m going to spend an hour or so today working on “gift guides” for my various marketing projects. Do you market to consumers? I suggest you do the same. Getting a gift guide up promptly after Thanksgiving is a great way to boost Christmas sales (which are always a huge part of my [...]
Turning an Invention Idea Into Money
About: If you have a patent or have applied for a patent (patent pending) you can attempt to license your invention. Technically, it is called licensing your patent rights, rather than licensing your invention. Another broad term used is technology transfers. Non patented inventions can be licensed as well and the research/marketing methods would be [...]
Gold BizOp … If You Can Figured Out How
Bob Shaver: “There is about 9 million tons of gold dissolved in the ocean, which is 180 times the amount that has been mined in human history. The gold in the oceans is very dilute, and a process for recovering it has not been found yet.”
Fortune Small Business: “Gil Walker may not act like a stereotypical prison warden, but he does act like a stereotypical entrepreneur. He knows his customers by name, even serving them meals on occasion. He runs his company, GRW, out of his split-level home. And Walker’s tiny, family-run firm may be the new face of private [...]
