So you want to get in the Internet game and test your entrepreneurial prowess on the World Wide Web? It’s true that Internet businesses can be great wealth-building revenue streams, but there are also a lot of misconceptions that can lead you down a trail of frustration or even failure.
Here are some Facts and Myths about Internet-based businesses. Test your knowledge here before you get to the grand opening of your virtual business doors. (more…)
Creating wealth often means simply coming up with a great little idea. It’s usually one of those ideas that has others saying, “I could have thought of that.”
Case in point? CafePress.com.
CafePress.com got its start in California in 1999 as an idea that people might want to create their own artwork and see it printed on T-shirts and other products. Artists could open up their own “shops,” CafePress would set a baseline price for each product, and the “shopkeepers” could set their own retail price above the base price, pocketing the difference. (more…)
When looking for a business to start or a service to offer, take a lesson from history: Mine for a little gold, if you want, but make your main business the tools behind the trend.
During the many gold rushes throughout the United States in the late 1800’s and early 1900’s, only a handful of the thousands of gold prospectors hit the mother lode. But nearly all of the providers of mining tools made their fortunes. That’s a difficult concept to grasp at first. For one thing, it is much less glamorous. It can also be a slower and much more predictable road to wealth, but it is often more lucrative. (more…)
Greg Cangialosi, president and CEO of email service provider Blue Sky Factory, started his company with a few thousand dollars in 2001, just in time to get caught in the fallout of the terrorist attacks of 9/11. Yet Cangialosi has seen Blue Sky grow each year since its founding, through two of the toughest economic time periods the United States has seen in 30 years. How did he do it? Here are some of Cangiolosi’s top tips for launching a new business straight to the top: (more…)
As a citizen of the United States, you have every right to start your own business. And, if you are like many Americans, you have always wanted to open your own business. Creating your own venture lets you be your own boss. You can also decide for yourself how to do business. You can employ the workers that you want to hire and set up the rules you want to have followed, establish your own policies and business community. (more…)
If you’re an entrepreneur, you’ve probably thought about starting a business. Perhaps you have come up with a great idea for your own company and are now feeling a thrill of excitement, as well as a small case of nerves. There is definitely a lot that goes on in the planning of a new business.
Unfortunately, one bad move can ruin your chances for success. However, if you follow the right steps, you can get your business up and running in no time. (more…)