Archive for March 31st, 2005
A prime piece of nonsensical Ebay advice is to “go to garage sales and flea markets”, said Sydney Johnston: You’ve probably seen that one a lot, right? But they’re not the same kind of source. A flea market is populated by folks who are at least semi-professional, if not full time, in their respective product [...]
Dana Blankenhorn on the need for entrepreneurs to come in and figure how to make money off all the new technology being created for free: In the open source world we’re creating new technologies, techniques and choices faster than we can monetize them. The challenge is to find ways to bring in enough advertising, sponsorship, [...]
The Entrepreneur As An American Hero
Walter Williams: “Whenever the profit incentive is missing, the probability that people’s wants can be safely ignored is the greatest. If a poll were taken asking people which services they are most satisfied with and which they are most dissatisfied with, for-profit organizations (supermarkets, computer companies and video stores) would dominate the first list while [...]
The Entrepreneurial Mind: I remind entrepreneurs to keep a few things in mind regarding exits: The first offer is rarely the one that works. Don’t get too excited and don’t spend the money until it is actually in the bank. Half of all business sales that actually make it to closing actually complete the sale, [...]
Starting on a Shoestring : Building a Business Without a Bankroll
Amazon: “This bestselling guide has shown thousands how to start a business with little or no money down If you’ve dreamed of starting your own business, but felt discouraged by a lack of start-up money, Starting on a Shoestring is exactly the book you need. Now in a new edition that reflects the business climate [...]
Studying Startups by Starting One
Business Week: “A course at Boise State University ditches theory and business-plan contests to give budding entrepreneurs some real-world experience.”
A Success Unexpected In Common Hours
Henry David Thoreau: “I have learned, that if one advances confidently in the direction of his dreams, and endeavors to live the life he has imagined, he will meet with a success unexpected in common hours.” from Rob Hyndman.
How to Win a Place on Grocery Store Shelves Without A Marketing Budget
Wall Street Journal: “We decided on petite shells to differentiate ourselves from the elbow-shaped macaroni, and all-natural cheddar,” she says. The couple took to the streets, knocked on supermarket doors, and engaged in what she calls guerrilla marketing. “We had no marketing budget but we did have product,” Ms. Withey says, “so we were going [...]
Bootstrapping: The Secret to Entrepreneurial Success
Greg Gianforte: How do you launch a successful high-tech business? If you ask the typical MBA, they’ll give the same answer. Write a comprehensive in-depth business plan, take it to investors to secure a healthy initial round of funding, recruit the heaviest heavyweights you can, and start the PR machine cranking. But, of course, they’d [...]
Franchisors Outperform Nonfranchise Firms
Newswise: Franchisors create more value and perform better financially than their nonfranchise competitors, according to a new study released by The William Rosenberg International Center of Franchising at the University of New Hampshire Whittemore School of Business and Economics. The study, “Does Franchising Create Value? An Analysis Of The Financial Performance Of U.S. Public Restaurant [...]
→ doggydreamsgroomobile.com PR Newswire: This new Franchise has tapped into the huge pet industry market by developing the Doggy Dreams Groomobile, a high tech grooming shop on wheels which is driven to the customer’s home. It boasts its own water tank, hot and cold running water, doggy hair dryers for hand fluff drying and the [...]
