$$$ misc entrepreneur crew $$$ (future ceo's gtfi)

[Ted Nugent]

I don't have any professional experience but I do like doing it as a hobby and have for many years. In retrospect I should've gone to school for it. However I now have a good business background and can use that to my advantage.

Customers shouldn't be too hard. People NEED my service and if they don't think so I have a sales/business background to sell them on my services!

is this a physical service like janitorial/landscaping/etc or a web based like seo/improving companies web presence/etc?

[bertstateofmind]

Some info for you guys to take on board:

Feedback > Privacy

If anyone gave a chit they'd find a way around your patent- you lawyer wants his money.

Think about doing the opposite- telling the right people your idea and getting constructive feedback is key to eliminate any future regrets. 99% of people you'll speak to IRL will CBA to copy your 'idea' and may just provide funding for equity instead. Make sure you speak to the right people.

Do your costing properly; if you have staff- take on board their holidays off... potential sick-leaves, seasonality of sales etc. Go into VERY SPECIFIC detail. Minimize risk.

Don't be afraid to walk away from your dream early instead of hoping it'll work and losing all those $$$ you've been saving up. More ideas will come.

Is it a business or just a hobby?

Your idea doesn't have to be Unique, but Compelling- eg. is it faster, cheaper or better quality than competitors?

Take into account when costing the value of your TIME, if you're earning $50k per year in your current job and you give that up for your business which will make you $25k profit (with more effort most likely), don't bother.

Test Test Test, and test some more.

[FrankLotion]

In *******s. Will contribute

[Dave P]

I'm not a big believer in "the big idea" approach to business....I feel like this is the biggest pitfall for most young want-to-be entrepreneurs. We are obsessed with hitting home runs and developing new/exciting/revolutionary ideas.

Guess what? Hitting a bunt and taking 1st base will lead to scoring points and winning games.


Business is not as complicated as people like to make it sound. Find a product you can buy for cheap in bulk and find consumers that will buy said product for less.

[Glitch]

Starting my own business. Just finished my website (for now) and my business cards just came in the mail. All I need to do now is register as an L.L.C. and I'm off to the races. Very excited to launch. I'm too afraid to 1) Share my website with the Misc. due to personal info and 2) Share my idea

I have had zero negative feedback over the past few months and have written out a 30+ page business plan, talked to many professionals for advice, created a support line for myself full of professionals if I get into a bind, created a professional and creative website, done a lot of local research to confirm the need for my business.

It is a service business.

Yes age 22. I just got sick of the 9-5 grind, which I'm still doing btw. So I'm hoping this will be my ticket out of it and I can enjoy life more!

i've been in web development since 12 years old where we had to write our HTML code in notepad and upload it via wsftp

i'm curious as to your site. and would appreciate a PM of the link for me to take a look at what you got going on. i'll rep you.

and i hope you trust me. because i understand your concern of your personal info being out. and i would not like that either. however i won't release it. promise.

[Endgame]

Came up with an idea to make websites for businesses.

It is quick to do, and if you build 140 websites over time, it works out to be about $10,000.

If you can build that many over 1-2 months, you can make decent money on the side. More details in sig.

[eeokin]

In. I am personally trying to think of something that could be large on the internet, the thing is what... I have the coders and what not to accomplish what i want to do, but the question is what to create.. Needs to be something fresh, something that everyone would want to go to every day and to have that there ******** addictive effect.

[Trigger543]

want to start a facility that provides a gym, tanning booths, and laundry all in one. what you guys think?

In.

Great idea on paper but it wont work even if you have the right location. The startup cost alone would prohibit you from opening such a place unless you got some serious loans or investors.

[killerk13]

Babson brah checking in. going for 7figures in funding starting tomorrow. **** is stressful and a lotttttt more work than you'd expect- anticipate heavy legal/accounting $$$$$$. srs.

[Trigger543]

I'm not a big believer in "the big idea" approach to business....I feel like this is the biggest pitfall for most young want-to-be entrepreneurs. We are obsessed with hitting home runs and developing new/exciting/revolutionary ideas.

Guess what? Hitting a bunt and taking 1st base will lead to scoring points and winning games.


Business is not as complicated as people like to make it sound. Find a product you can buy for cheap in bulk and find consumers that will buy said product for less.

Yeah i agree. Its like anything else, even lifting. People think all they need is the perfect workout or the perfect routine but the truth is it takes time and consistency. Just like any business you have to start up, build a reputation and customer base, stay consistent and build that bitch up one penny at a time.

[AlphaAlbert]

in. I will not work for anyone. People will work for me.

[killerk13]

in. I will not work for anyone. People will work for me.

Wait till the PE/VC brahs gets involved.

[Internexus]

Any fellow doctors of chiropractic in the crowd that have opened their own business out of school?

[Robzy7]

[Impurityz]

Would love to open up a healthy food restaurant/cafe

[ruskism]

Have the opportunity to do research under one of two of my economics professors - one is heavily involved in trading, including managing his own hedge fund, day trading, forex, etc. The other has pretty much written the book on Money and Banking (literally used his books for his classes) and has taught at Oxford, etc. Either way, I hope that the experience will shed some light on what I exactly have going for me after next year.. dat job market is scurrrry.

[roko79]

Would love to open up a healthy food restaurant/cafe

There's definitely a market for healthy takeout food. Look how well muscle maker has done. As people become more health conscious, the days of going to burger king and taco bell will be spiraling downward

[FreshStart12]

is this a physical service like janitorial/landscaping/etc or a web based like seo/improving companies web presence/etc?

It's a web based service for small businesses.

i've been in web development since 12 years old where we had to write our HTML code in notepad and upload it via wsftp

i'm curious as to your site. and would appreciate a PM of the link for me to take a look at what you got going on. i'll rep you.

and i hope you trust me. because i understand your concern of your personal info being out. and i would not like that either. however i won't release it. promise.

I'm too scared I have a picture on there and everything.

[roko79]

I've had a few ideas for some businesses about measuring the effectivesness of marketing through social media and technology where I think there is a lot of information unaccounted for, also relating that to politics to better target supporters in political campaigns


Information is the blood line in marketing, lots of money to be made by those who possess it

[Tzaddiq]

In for economic dominion.

[Tzaddiq]

I've had a few ideas for some businesses about measuring the effectivesness of marketing through social media and technology where I think there is a lot of information unaccounted for, also relating that to politics to better target supporters in political campaigns


Information is the blood line in marketing, lots of money to be made by those who possess it

Actually a startup, Radian6 (from my city toot toot), did exactly this. It was acquired by Salesforce last year for about $0.5B.

[MiscN00b]

Have the opportunity to do research under one of two of my economics professors - one is heavily involved in trading, including managing his own hedge fund, day trading, forex, etc. The other has pretty much written the book on Money and Banking (literally used his books for his classes) and has taught at Oxford, etc. Either way, I hope that the experience will shed some light on what I exactly have going for me after next year.. dat job market is scurrrry.

What's the nature of your research project?

[roko79]

Actually a startup, Radian6 (from my city toot toot), did exactly this. It was acquired by Salesforce last year for about $0.5B.

A guy I know started a company that was acquired by sales force earlier this week. Google "salesforce buddy media". He owns 2% of the sale as a startup that was acquired by buddy media last year

[di3s3l28]

I have my corporate entrepreneurship certificate.

In on entrepreneur thread

[Tzaddiq]

A guy I know started a company that was acquired by sales force earlier this week. Google spinback. Millionaire at 24

'Mirin hard. That's the modern American Dream right there.

[ThaWhistle]

Have the opportunity to do research under one of two of my economics professors - one is heavily involved in trading, including managing his own hedge fund, day trading, forex, etc. The other has pretty much written the book on Money and Banking (literally used his books for his classes) and has taught at Oxford, etc. Either way, I hope that the experience will shed some light on what I exactly have going for me after next year.. dat job market is scurrrry.

Cecchetti?

[Rican240sx]

Been waiting for one of these to start back up.

Anyone own/considered owning a franchise of some sort?

Pros/Cons?

[midniteOG]

in on his.. have some good ideas:
business, movie, invention

hoping to cash in on them after college

[Sgt T-Man]

I'm not a big believer in "the big idea" approach to business....I feel like this is the biggest pitfall for most young want-to-be entrepreneurs. We are obsessed with hitting home runs and developing new/exciting/revolutionary ideas.

Guess what? Hitting a bunt and taking 1st base will lead to scoring points and winning games.


Business is not as complicated as people like to make it sound. Find a product you can buy for cheap in bulk and find consumers that will buy said product for less.

best advice in this thread that was not even talked about by anyone.
I agree 100% younger people want to hit not just a home run but a grand slam of an idea and just look at ******** or twitter and aim for that which is beyond unlikely but still possible.

Nothing wrong with getting into a established market and just doing something slightly different might be all you need.

I am in the process of buying into the company i work at so i have a pretty good idea how business works. Wholesale/Distribution/Manufacturer.

[roko79]

best advice in this thread that was not even talked about by anyone.
I agree 100% younger people want to hit not just a home run but a grand slam of an idea and just look at ******** or twitter and aim for that which is beyond unlikely but still possible.

Nothing wrong with getting into a established market and just doing something slightly different might be all you need.

I am in the process of buying into the company i work at so i have a pretty good idea how business works. Wholesale/Distribution/Manufacturer.

I think it has to do with the hype around ******** and the fact it could have been anyone with such a simple idea that has changed the world. The chances of creating another is so small and unlikely that it would be better to focus on looking to improve or create a niche in products and services we already use. Surely every product can be improved and there are new ways of implementing those products in places that have been overlooked. I think the most important part of entrepreneurship is discovering how you are different than your competition and those products and services which already exist, and what is it you can offer that I must have your product.