Entrepreneurship 02 (Jul 10 - Aug 15)

Entrepreneurship 02 (Jul 10 - Aug 15)

Postby winston » Wed Jul 07, 2010 6:50 pm

"Moderate profits fill the purse."

Italian Proverb
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Entrepreneurship 1 (May 08 - Jul 10)

Postby winston » Sat Jul 10, 2010 12:17 pm

Entrepreneurial Mindset by Raj Gavurla

Your mindset is what you think and the way you think. As a mindset, mood, motivation expert and author, no one is smarter than you and you are no smarter than anyone else. What makes us well versed in an area are our knowledge, expertise, relationships, and experiences.

The practical application of knowledge, expertise, relationships, and experiences is called having an entrepreneurial mindset. An entrepreneur and business owner differentiates themself with this trait. In order to grow we have to go from a fixed mindset and into an entrepreneurial (grow) mindset.

Why? Because eventually the growth you may be experiencing in a fixed mindset becomes exhausted and unless you can find additional applications for your services and products there will be declining business and margins.

Dr. Carol Dweck, a Stanford university researcher, professor, and psychologist wrote the book, Mindset. She describes the characteristics of a fixed mindset and a growth mindset. How do we go from a fixed mindset cross the bridge into a grow mindset? A mindset tool you can use to go from a fixed mindset to a grow mindset is called an adaptability link. There are four types of adaptability links:

1. Learning is the catalyst for positive change.
Learning comes in many forms. It can come from school, books, professional speaker programs, cds, and dvds, training, watching an interview, and through conversation.

2. The people you meet and the relationships you form.
Identify people you can serve, those you can network with, or use their services and products to make your services and products more competitive.

3. Through other peoples experiences
We gain insights and tips to adapt and model their experiences to our situation. Everything not attributed to nature a person or group of people created.

4. Your experiences
Be productive and creative to produce practical applications.

For each adaptability link above, list examples relevant to what you are working on. If you are not able to, you need to motivate yourself to find examples. What are you doing to apply them to your efforts to produce a practical service or product?

One people will buy because they like, need, or want it. Invest in the four types of adaptability links for a return on investment. The practical application of knowledge, expertise, relationships, and experiences determines the level of your entrepreneurial success.

http://www.selfgrowth.com/articles/entr ... al-mindset
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Re: Entrepreneurship 1 (May 08 - Jul 10)

Postby winston » Wed Jul 21, 2010 6:45 am

Best Places To Go For Capital To Start Your Small Business by Mark Riddix

Do you have a great idea for a startup but don’t have the money to get it started? Well, don’t let that stop you! Now is a great time to start your own business.

Commercial banks may have cut down on lending to small businesses that need capital, but there are a number of places that you can turn to for much needed funding for your business idea.

First, you need to get over the fear of starting your own business. Once you’ve decided to take the plunge, here are 6 places that you can turn to in order to fund your small business:

http://www.moneycrashers.com/best-place ... -business/
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Re: Entrepreneurship 1 (May 08 - Jul 10)

Postby kennynah » Wed Jul 21, 2010 1:42 pm

failed entrepreneurial attempt is synonymous with a raymond lim....

so, when a new business venture doesn't take off... i call it a "raymond lim" failure... to mean, piss poor planning, 1/2 baked job...
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Image..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................Image
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Entrepreneurship 02 (Aug 10 - Dec 12)

Postby iam802 » Sat Aug 14, 2010 9:14 pm

How a 16-yo Kid Made His First Million Dollars

http://gizmodo.com/5612145/

His name: Christian Owens. His age: 16. He made his first million dollars in two years, "inspired by Apple's CEO Steve Jobs". This is how he did it.

The British teen—who lives in Corby, Northamptonshire—got his first computer age seven. Three years later he got a Mac and taught himself web design. Four years later—at age 14, in 2008—he started his first company. It was a simple site that some of you may know: Mac Bundle Box. The site was pretty, rooted into Apple's own design guidelines and style.

The page sold a package of very neat Mac OS X applications for a discounted price and for a limited time. He would negotiate with the developers to get a discount deal on their apps. The resulting bundle had a combined retail value of around $400, but he would sell it for a tenth of that price.

Not only that: If enough people bought the package, a new application would get unlocked for all buyers, which guaranteed very good word-of-mouth promotion. And to top it all, Owens dedicated a percentage of all sales to charity.

The idea did well. Very well, in fact: In its first two years, Mac Bundle Box made $1,000,000 (700,000 British Pounds).

Not happy with that success, Owens jumped into a new venture called Branchr, a pay-per-click advertising company that distributes 300 million ads per month on over 17,500 websites, iPhone, and Android applications. The company, which claims to deliver "contextual, behavioral, publisher-defined, and geographically" targeted ads in those platforms, has already made $800,000 in its first year and employs eight adults including his 43-year-old mother, Alison.

He doesn't know where he would be in 10 years, but the next thing he wants to do is to make one hundred million British pounds with Branchr. He seems to be on his way to success. He claims his business is growing strong—Branchr has already bought another company—and he reinvests all the money back into the company.

His secret to success?
Hidden Content:
There's no secret, he says:

There is no magical formula to business, it takes hard work, determination and the drive to do something great.


1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
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Re: Entrepreneurship 2 (Aug 10 - Dec 10)

Postby winston » Sat Aug 21, 2010 9:23 pm

"The way to get started is to quit talking and begin doing."

Walt Disney
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Entrepreneurship 2 (Aug 10 - Dec 10)

Postby iam802 » Sun Aug 29, 2010 3:51 pm

165 University Ave: Silicon Valley's 'lucky building'

Note:
165 University Avenue is a tiny office space in Silicon Valley that has produced a stream of blockbuster companies including Google and PayPal

--
http://www.bbc.co.uk/news/business-10944196

165UniversityAve.png

I keep coming back to Silicon Valley in California because it is such an instructive place to think about how businesses are created - and maybe thrive.

For decades now, a stream of start-up companies have grown big and influential in the Valley, built around the silicon chip and the new economy created by computing.

Clustered around all the skills a start-up business needs - the backers, advisors, lawyers, and venture capitalists - the little towns that make up most of the Valley are a magnet for the brightest minds from all over the world, drawn by instinct to a place where things happen.

Fascinating, therefore, to stumble on a building which is a microcosm of Silicon Valley as a whole.

Rugs

It's run by Saeed Amidi, whose family fled from the Iranian revolution in the 1970s. He went to business college in the Valley and was shocked when his father suggested that he should start working for a living.

The family had opened a Persian rug shop in the main street in the rich little city of Palo Alto, just down the road from Stanford University and the vast concentration of wealth controlled by the venture capitalists in Sand Hill Road.

The shop, Medallion Rugs, is still there. It's a good place to run into start-up business people who have just made a fortune by floating their new companies.

They need floor coverings for their new house - one of the things that newly wealthy people buy.

Saeed Amidi got on with starting his own businesses: real estate, investment, and a water bottling company.

Eventually he bought the non-descript premises further up the street that he was running his operations from - 165 University Avenue.


Success stories
When I first saw it - something like 10 years ago - it still had a sticker on the front from a recent tenant: Google.

Before Google, it was the offices of the global computer peripheral specialists Logitech, originally from Switzerland, and famous still for their webcams, keyboards and mice.

Successful start-ups don't stay very long at 165 University Avenue. The premises, laid out round an upper floor courtyard, are fine when you have only 20 employees but get crowded if you grow to 60, which is what new businesses tend to do, fast.

After Google moved out, the internet payments company Paypal and the mobile phones developer Danger came along. Both made their founders and backers hundreds of millions of dollars a few years after they moved on from 165 University Avenue, by selling themselves to bigger companies.

And the savvy landlord Saeed Amidi insisted on taking a small stake in Paypal along with the rent.

With a record of canny investment behind him, he's now leasing office space to even more start-ups in larger premises nearby, hoping that the luck of 165 University Avenue can rub off on a new generation of entrepreneurs.

When it comes to staring a business, you can't neglect the influence of luck.
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
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Re: Entrepreneurship 2 (Aug 10 - Dec 10)

Postby winston » Tue Sep 07, 2010 6:07 pm

"Quality is never an accident; it is always the result of intelligent effort."

John Ruskin
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Entrepreneurship 02 (Aug 10 - Dec 10)

Postby winston » Mon Sep 20, 2010 6:48 pm

"This may seem simple, but you need to give customers what they want, not what you think they want. And, if you do this, people will keep coming back."

John Ilhan
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Entrepreneurship 02 (Aug 10 - Dec 10)

Postby winston » Sat Sep 25, 2010 6:48 pm

How to Become a Smarter and More Powerful Marketer


Among Cialdini's insights were these:

1) We instinctively try to reciprocate when someone does something for us.

2) Once we've made a commitment to do something, we strive to be consistent with that decision.

3) We tend to look to others to determine what our decision should be in any given situation.

4) We prefer to say yes to the requests of people we know and like.



Source: ETR
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