About 82% of all startups fail within their first 5 years and I have a theory about why this happens: Most business owners think they know their business models when they’re starting new companies, but they don’t. They think they know what benefits people are more interested in (for example, they end up crafting their marketing messages around their great prices and… Read More »
Last year I was skiing in Aspen with some friends who live there and have been on skis since they were 2 years old. One of them said “let’s go do some double-backflips”. I thought he was kidding… He was not. So we all went and I saw them performing these amazing double-backflips. They were all waiting for me. It was my… Read More »
This is the way most people start a business: Choose a product to sell or service to offer (based on the industry or hobby they know best) Choose a name for the company Create a Corporation or a LLC Write a business plan Get funding Get a website, office, business cards, etc. Launch the company Hope for the best And, this is… Read More »
In his brilliant book The Four Hour Work Week, Tim Ferris talks at length about how to build a fully automated business in a few weeks. Since he wrote the book a few years ago, the tools have become even more efficient and powerful. Let’s discuss how you can build a complete business in a weekend. Step 1: Market Research – 30… Read More »
I wrote an article on Time Management. Check it out here: http://startup.partnerup.com/2009/04/14/time-management-tips-get-things-done-and-boost-your-productivity/
Bill Doerr, from the National Networker, interviewed Zeke last week. The interview has been published on Monday and it contains several great tips for entrepreneurs. Check it out here: http://thenationalnetworker.blogspot.com/2009/01/sales-marketing-timely-truths-for-tough.html
You might be wondering why I wrote the word “GROWING” in all caps. Because that is exactly what you need to be doing right now. Many business owners freak out and they hide in their caves waiting for the bad times to pass by. That doesn’t make any sense. If you are just waiting until you see the light at the end… Read More »
Internet is, in my opinion, the best tool ever invented. I just love it. It has made starting companies a lot easier. However, most Internet companies fail to make any money. Why is that? Is starting an online business different from starting any other business? Yes and no. Yes, the technologies change. And no, most basic principles still apply. You still need… Read More »
Ever wondered what the business failure rate is? Between 75% and 90% of all new businesses fail within the first 10 years. If we also take most dotcom startups into consideration, 9 out of 10 new businesses won’t make it to their third year. The actual figures vary according to the source, but it looks like the overwhelming majority of startups end… Read More »
Two days ago a very nice lady wrote me an email. She was desperate because her online store had been open for 6 months and she had only made one single sale. I asked her how much money she had invested in the company so far. She confessed that the amount was well over $25,000. I see this happening all the time.… Read More »
