Found this (h/t BusinessPundit.com) blog entry that tells of the trials and tribulation of a startup — mycarpoolstation.com — that is struggling. Lets learn something from their difficulties. From the entry,
We did not find the perfect product/market fit.
My original vision, circa 2005, was “to supply web-based, community-run carpool stations to schools, workplaces, and regions [...]
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Tags:entrepreneur·failed startup·new venture strategy·startup stories·student entrepreneurs
OWN — The Oprah Winfrey Network! The most powerful women in America (yes, no, maybe?) has inked a deal with Discovery Communications to jointly own the OWN. And you can bet that OWN is meant to tell the world that yes, Oprah OWNs this one. (According to the USA Today article, Oxygen doesn’t represent her [...]
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Tags:Discovery Communications·entrepreneur·Oprah·Oprah failures·positive attitude·The Oprah Winfrey Network
Found a really amazing story about an entrepreneur of sorts in New Jersey via TiredbutHappy blog. The original story in the Philadelphia Inquirer is here. It really shows the power of conserving cash as a core principle. From the original story.
Paul Navone worked in mills in and around Vineland for 62 years, never earning more [...]
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Tags:$11/hour millionaire·entrepreneur·frugal living·investment
Found this older column at the WSJ. It is the time waster column by Aaron Rutkoff. It tells the story of an internet site (I Can Has Cheezburger) that grew to huge popularity and eventually profits for the entrepreneur who started the site as a joke. How the site grew is interesting and the analysis [...]
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Tags:entrepreneur·Eric Nakagawa·funny cat pictures·high growth websites·I can has cheezburger?·LOLcats·pets·user created content
I just cruised over to the USA Today Sports section and noticed two headlines. One above the other.
The first states, “Capitals Ovechkin Signs 13 year, $124 million extension” the others states, “MLB, NFL each give $3 million for steroid research.” Need I say more?
Its sometimes hard to know what the market wants. Sure fans don’t [...]
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Tags:business strategy·custom demand·entrepreneur·Ford·GM·green washing·hybid·steroids
I drop by Mark Cuban’s blog a few times a month to see what he is talking about. Sometimes it is really technical stuff about HD TV and other things he is involved with. His post of January 3, 2008 is called, “The Sport of Business” and it is a great piece on why business [...]
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Tags:Blogmaverick·business·competition·entrepreneur·entrepreneurship·Mark Cuban·student entrepreneur
Saturday morning — baby and wife are napping, I am doing some work for the new venture. Looking around at low cost marketing techniques. My business is a consumer internet site — meaning gathering traffic is a huge task up from the get go and as a startup I will not have a big [...]
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Tags:Al Lautenslager·entrepreneur·guerilla marketing·marketing·new venture marketing·startup·student entrepreneur
Not sure how many of you are planning on raising money from investors, but Tim Berry offers 10 basic rules for valuation. It may seem simple, but definitely worth a look. Here is #7:
Analysts often apply formulas. The most common formula is called “times profits” because it multiplies profits times some number. Another common formula [...]
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Tags:business planning·business valuation·entrepreneur·entrepreneurship·startup·student entrepreneur·Tim Berry
Work, school, and the family (wife/baby/dog) all backed up with thanksgiving and I have not been blogging much. MY BAD. I am back. So Sorry for any of you missing my stuff.
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Tags:entrepreneur·entrepreneurship·graduate school·MBA·student entrepreneurs
A piece in today’s WSJ presents a great new opportunity for campus entrepreneurs. Writer Ann Zimmerman describes a new college sporting activity: The National Collegiate Bass Fishing Championship. This years event featured 83 two-person teams drawn from college fishing clubs across the country. Don’t think there is much $$ in fishing? Turns out that there [...]
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Tags:Ann Zimmerman·entrepreneur·fishing·National Collegiate Bass Fishing Championship·student entrepreneur