There are countless garage-to-Fortune 500 success stories. Jeff Bezos first ran Amazon.com out of his garage in Bellevue, Wash. As Stanford University graduate students, Larry Page and Sergey Brin launched Google from Susan Wojcicki’s garage. And invoicing company FreshBooks was headquartered in Mike McDerment’s parents’ basement for 3.5 years.
Launching a business from your garage, basement
Senin, 26 November 2012
How to Make a Competitive Pricing Strategy
Question
What's the best way to price competitively?
Answer
In business, it's not the glint in your eye that's the tip-off to your competitive ways--it's the price you charge.
Professor Richard Gilbert, chair of the Competition Policy Center at the University of California at Berkeley, tells us that the economics of competition comes down to the gap between price and costs. "The closer
Business ideas in the year 2013
What do you do in 2013, what your business idea and what your plan ? The following are important tips to further grow your small business in the year 2013 :
Innovate leadership
Effective leadership and management inside any business organization, whether small or big, should always be improved to accomplish its organizational goals. Thus, business owners should continue motivating their
Innovate leadership
Effective leadership and management inside any business organization, whether small or big, should always be improved to accomplish its organizational goals. Thus, business owners should continue motivating their
Sabtu, 24 November 2012
Savings.Com Story
BizHacks - How To Use Bitrix24.Com As A Free CRM, Intranet And Task Manager.
http://savings.com
When Loren Bendele started online coupon company Savings.com in 2007, he wondered why traditional paper coupon companies didn't have more of an internet presence. It was a simple idea that filled a niche in an established market.
While his marketing plan initially was designed to attract customers, it also was meant to gain the attention of prospective acquirers--and it did. In June 2012 Bendele sold Savings.com to Cox Target Media, parent company of Valpak, for a reported $100 million.
"We always thought the traditional coupon players would be looking for ways to migrate their business," Bendele explains. So he intentionally built his company to sell.
Ken Wisnefski, meanwhile, has flipped two companies and now runs Mount Laurel, N.J.-based WebiMax, which provides internet marketing services such as search engine optimization. His first tip on building a business to sell? "You should treat [each company] as though you are going to keep it for 100 years," he says.
In other words, starting a company with the intention to flip is not so different from starting any company, but it does come with its own set of guidelines.
"With very few exceptions, startups get bought, they don't go public," says Nat Burgess, president of Bothell, Wash.-based Corum Group, which provides mergers and acquisitions advice for the software industry. "The ones that go public go through so many funding rounds and recapitalizations that they are thoroughly vetted by the time they file for IPO. For the other 99 percent of startup companies, proper planning and strategy are critical to a successful sale. Without a good business, quality team and solid execution, there is no exit."
Nate Redmond, managing partner at Rustic Canyon Ventures in Santa Monica, Calif., was one of the venture funders of Savings.com. He stresses that the business itself is more important than any exit strategy. "Rarely do we make an investment with the stated intent to sell," he says. Instead, the investment decision is based on market conditions, competitive position and company execution. "The best companies are bought, not sold," he adds. "We believe it is important to keep the focus on the long-term horizon until buyers come calling."
However, nearly every entrepreneur and investor who has been through a sale says there are crucial ingredients to any exit plan. Above all, the company needs an easily adaptable product or concept, clean books, good old-fashioned buzz, delegated authority and attention to the customer mix. Finally, the details of daily management have to support a company's long-term growth. "Startups get acquired because the acquirer believes they can scale up the company," Burgess says. "If the company is held together with duct tape and baling wire, it won't scale. Even though they start small, entrepreneurs have to think big from day one."
[Via - Entrepreneur]
PickyDomains - startup that caught everyone by surprise
The (Evergrowing) List Of Cool Bootstrapping Sites
From 0 To $30,000 A Month With Dropshipping
My Name Is Beer, Mr.Beer
Off the Books: The Underground Economy of the Urban Poor
DoNanza - Freelance Startup That Broke All Rules
How TribeHR Turned Simply Idea Into Millions
Mobile Startups - DudaMobile.Com
Hot Tips - The Best Free Business Tool You (Probably) Don't Know About.
http://savings.com
When Loren Bendele started online coupon company Savings.com in 2007, he wondered why traditional paper coupon companies didn't have more of an internet presence. It was a simple idea that filled a niche in an established market.
While his marketing plan initially was designed to attract customers, it also was meant to gain the attention of prospective acquirers--and it did. In June 2012 Bendele sold Savings.com to Cox Target Media, parent company of Valpak, for a reported $100 million.
"We always thought the traditional coupon players would be looking for ways to migrate their business," Bendele explains. So he intentionally built his company to sell.
Ken Wisnefski, meanwhile, has flipped two companies and now runs Mount Laurel, N.J.-based WebiMax, which provides internet marketing services such as search engine optimization. His first tip on building a business to sell? "You should treat [each company] as though you are going to keep it for 100 years," he says.
In other words, starting a company with the intention to flip is not so different from starting any company, but it does come with its own set of guidelines.
"With very few exceptions, startups get bought, they don't go public," says Nat Burgess, president of Bothell, Wash.-based Corum Group, which provides mergers and acquisitions advice for the software industry. "The ones that go public go through so many funding rounds and recapitalizations that they are thoroughly vetted by the time they file for IPO. For the other 99 percent of startup companies, proper planning and strategy are critical to a successful sale. Without a good business, quality team and solid execution, there is no exit."
Nate Redmond, managing partner at Rustic Canyon Ventures in Santa Monica, Calif., was one of the venture funders of Savings.com. He stresses that the business itself is more important than any exit strategy. "Rarely do we make an investment with the stated intent to sell," he says. Instead, the investment decision is based on market conditions, competitive position and company execution. "The best companies are bought, not sold," he adds. "We believe it is important to keep the focus on the long-term horizon until buyers come calling."
However, nearly every entrepreneur and investor who has been through a sale says there are crucial ingredients to any exit plan. Above all, the company needs an easily adaptable product or concept, clean books, good old-fashioned buzz, delegated authority and attention to the customer mix. Finally, the details of daily management have to support a company's long-term growth. "Startups get acquired because the acquirer believes they can scale up the company," Burgess says. "If the company is held together with duct tape and baling wire, it won't scale. Even though they start small, entrepreneurs have to think big from day one."
[Via - Entrepreneur]
PickyDomains - startup that caught everyone by surprise
The (Evergrowing) List Of Cool Bootstrapping Sites
From 0 To $30,000 A Month With Dropshipping
My Name Is Beer, Mr.Beer
Off the Books: The Underground Economy of the Urban Poor
DoNanza - Freelance Startup That Broke All Rules
How TribeHR Turned Simply Idea Into Millions
Mobile Startups - DudaMobile.Com
Hot Tips - The Best Free Business Tool You (Probably) Don't Know About.
Selasa, 20 November 2012
DoNanza.Com Review
Daily Advice Link - How I Increased Sales 350% With Press-Releases
http://donanza.com
Freelancing can be a lucrative career, if you know what you’re getting into. Advantages to freelancing include the freedom to choose your work schedule and the projects you agree to, how much time you invest in each of the jobs you take on, the freedom to work anywhere you deem conducive – at home, at a coffee shop, even out of town. You may also start working straight out of bed, if you so please, with your pajamas on.
That said, however, don’t let the good stuff lull you into believing freelancing is all milk and honey or where the grass is always green. Freelancing comes with disadvantages, too – the most common of which is failing to land regular, if not long-term, gigs to keep your money vessel replenished.
There are sites like oDesk and Elance that connect clients and freelancers. And then, there’s DoNanza.com, a freelancing search engine that allows anybody to find available freelance jobs that match his expertise or field of interest. Being a search engine, DoNanza pores through as many cracks in the Internet to get the most comprehensive set of results. It doesn’t, in any way, compete with Elance, oDesk or other freelancing platforms. Instead, DoNanza “completes” them as it ultimately directs traffic back to these platforms.
Aside from its basic listing services, DoNanza also offers 1Click Advertising, a feature that allows freelancers private job requests – meaning, no competition, minimal effort, more job prospects and more chances of landing a job – for a fee.
As well, DoNanza integrates several freelancing apps like Conduit Mobile, which makes your DoNanza site mobile-friendly; Fanzila, a Facebook fan page app that helps you create a powerful social media presence; KashFlow, an app that automates credit control, billing and payment reminders; Paymo, which provides project management, invoicing and time-tracking tools; Base CRM, which easily manages your contacts, sales and customers; and a whole lot more.
If you’re a publisher, DoNanza’s Publisher Program allows you to integrate either the DoNanza widget or project board into your site. Publishers are compensated when a reader posts a job via the widget or a freelancer starts a job that he/she found on the publisher site.
If properly utilized, DoNanza can be your springboard to a successful freelancing career.
[Via - PickyDomains.com]
How TribeHR Turned Simply Idea Into Millions
Mobile Startups - DudaMobile.Com
PickyDomains - startup that caught everyone by surprise
The (Evergrowing) List Of Cool Bootstrapping Sites
From 0 To $30,000 A Month With Dropshipping
My Name Is Beer, Mr.Beer
Off the Books: The Underground Economy of the Urban Poor
Hot Tips - The Best Free Business Tool You (Probably) Don't Know About.
http://donanza.com
Freelancing can be a lucrative career, if you know what you’re getting into. Advantages to freelancing include the freedom to choose your work schedule and the projects you agree to, how much time you invest in each of the jobs you take on, the freedom to work anywhere you deem conducive – at home, at a coffee shop, even out of town. You may also start working straight out of bed, if you so please, with your pajamas on.
That said, however, don’t let the good stuff lull you into believing freelancing is all milk and honey or where the grass is always green. Freelancing comes with disadvantages, too – the most common of which is failing to land regular, if not long-term, gigs to keep your money vessel replenished.
There are sites like oDesk and Elance that connect clients and freelancers. And then, there’s DoNanza.com, a freelancing search engine that allows anybody to find available freelance jobs that match his expertise or field of interest. Being a search engine, DoNanza pores through as many cracks in the Internet to get the most comprehensive set of results. It doesn’t, in any way, compete with Elance, oDesk or other freelancing platforms. Instead, DoNanza “completes” them as it ultimately directs traffic back to these platforms.
Aside from its basic listing services, DoNanza also offers 1Click Advertising, a feature that allows freelancers private job requests – meaning, no competition, minimal effort, more job prospects and more chances of landing a job – for a fee.
As well, DoNanza integrates several freelancing apps like Conduit Mobile, which makes your DoNanza site mobile-friendly; Fanzila, a Facebook fan page app that helps you create a powerful social media presence; KashFlow, an app that automates credit control, billing and payment reminders; Paymo, which provides project management, invoicing and time-tracking tools; Base CRM, which easily manages your contacts, sales and customers; and a whole lot more.
If you’re a publisher, DoNanza’s Publisher Program allows you to integrate either the DoNanza widget or project board into your site. Publishers are compensated when a reader posts a job via the widget or a freelancer starts a job that he/she found on the publisher site.
If properly utilized, DoNanza can be your springboard to a successful freelancing career.
[Via - PickyDomains.com]
How TribeHR Turned Simply Idea Into Millions
Mobile Startups - DudaMobile.Com
PickyDomains - startup that caught everyone by surprise
The (Evergrowing) List Of Cool Bootstrapping Sites
From 0 To $30,000 A Month With Dropshipping
My Name Is Beer, Mr.Beer
Off the Books: The Underground Economy of the Urban Poor
Hot Tips - The Best Free Business Tool You (Probably) Don't Know About.
SaneBox Review
Daily Advice Link - How I Increased Sales 350% With Press-Releases
http://sanebox.com
Does e-mail overload make you want to pull your hair out? You’re not alone. According to a study that analyzed a database of over 5 million e-mails, the average e-mail user receives about 147 messages per day, including junk mail, and spends more than 2.5 hours on e-mail alone. On average, about 71 of those get deleted and about 12 require a great deal of work, which usually takes up about 90 minutes per day.
Knowing there are only 8 hours in an average work day, spending 2.5 hours on e-mail is downright unacceptable. That is, if your line of work doesn’t revolve around e-mails, i.e., you’re not an e-mail support staff for some customer service company.
Okay, so 147 may be a lot for some. But you get the picture, right? Depending on your mileage, sorting through e-mail can be a time-consuming exercise, especially nowadays when extra time is fast becoming a scarce commodity for most of us.
SaneBox is a cloud-based e-mail service that promises to save you loads of time by sorting your inbox for you. SaneBox’s algorithm decides which e-mail is important and moves the less important messages out of your sight into a separate folder, summarizing them for your quick perusal. SaneBox can work with just about any e-mail client available – Gmail, Yahoo, Exchange, Apple Mail, Outlook, AOL, iPhone, Android, etc.
SaneBox also lets you create folders for e-mails you would like to defer until you’re ready for them – SaneTomorrow for e-mails you’d like to see in your inbox the following day, SaneNextWeek for next Monday, or some other custom defer folder. If a company still sends you mails despite unsubscribing to their newsletters more than a hundred times already, simply drag the e-mail into your SaneBlackHole folder, and you’ll never hear from that sender again.
As well, SaneBox comes with an ingenious auto-nagging feature that notifies you if an e-mail you sent has not been replied to. All you need to do is send a CC or BCC to 5days@sanebox.com, for instance, and the message pops right back into your inbox if it doesn’t get a reply in 5 days.
Depending on your needs, subscription to SaneBox starts at $2.04 per month. You can also try it out for free for two weeks. If after two weeks you decide the service is not for you, SaneBox puts everything back to the way it was before you subscribed.
[Via - PickyDomains.com]
PickyDomains - startup that caught everyone by surprise
The (Evergrowing) List Of Cool Bootstrapping Sites
From 0 To $30,000 A Month With Dropshipping
My Name Is Beer, Mr.Beer
Off the Books: The Underground Economy of the Urban Poor
DoNanza - Freelance Startup That Broke All Rules
How TribeHR Turned Simply Idea Into Millions
Mobile Startups - DudaMobile.Com
Hot Tips - The Best Free Business Tool You (Probably) Don't Know About.
http://sanebox.com
Does e-mail overload make you want to pull your hair out? You’re not alone. According to a study that analyzed a database of over 5 million e-mails, the average e-mail user receives about 147 messages per day, including junk mail, and spends more than 2.5 hours on e-mail alone. On average, about 71 of those get deleted and about 12 require a great deal of work, which usually takes up about 90 minutes per day.
Knowing there are only 8 hours in an average work day, spending 2.5 hours on e-mail is downright unacceptable. That is, if your line of work doesn’t revolve around e-mails, i.e., you’re not an e-mail support staff for some customer service company.
Okay, so 147 may be a lot for some. But you get the picture, right? Depending on your mileage, sorting through e-mail can be a time-consuming exercise, especially nowadays when extra time is fast becoming a scarce commodity for most of us.
SaneBox is a cloud-based e-mail service that promises to save you loads of time by sorting your inbox for you. SaneBox’s algorithm decides which e-mail is important and moves the less important messages out of your sight into a separate folder, summarizing them for your quick perusal. SaneBox can work with just about any e-mail client available – Gmail, Yahoo, Exchange, Apple Mail, Outlook, AOL, iPhone, Android, etc.
SaneBox also lets you create folders for e-mails you would like to defer until you’re ready for them – SaneTomorrow for e-mails you’d like to see in your inbox the following day, SaneNextWeek for next Monday, or some other custom defer folder. If a company still sends you mails despite unsubscribing to their newsletters more than a hundred times already, simply drag the e-mail into your SaneBlackHole folder, and you’ll never hear from that sender again.
As well, SaneBox comes with an ingenious auto-nagging feature that notifies you if an e-mail you sent has not been replied to. All you need to do is send a CC or BCC to 5days@sanebox.com, for instance, and the message pops right back into your inbox if it doesn’t get a reply in 5 days.
Depending on your needs, subscription to SaneBox starts at $2.04 per month. You can also try it out for free for two weeks. If after two weeks you decide the service is not for you, SaneBox puts everything back to the way it was before you subscribed.
[Via - PickyDomains.com]
PickyDomains - startup that caught everyone by surprise
The (Evergrowing) List Of Cool Bootstrapping Sites
From 0 To $30,000 A Month With Dropshipping
My Name Is Beer, Mr.Beer
Off the Books: The Underground Economy of the Urban Poor
DoNanza - Freelance Startup That Broke All Rules
How TribeHR Turned Simply Idea Into Millions
Mobile Startups - DudaMobile.Com
Hot Tips - The Best Free Business Tool You (Probably) Don't Know About.
Bitrix24 Makes Free Social Intranet Available to iPhone Users
Bitrix24 has announced the release of an iOS app for its fast growing social intranet.
"A lot of business owners are still unfamiliar with what social intranet is and what it can do for their businesses," – said Dmitry Valyanov, Bitrix24 CEO. – "So we have to explain that Bitrix24 is like Yammer (corporate social network) plus SalesForce (CRM) plus BaseCamp (project management) plus DropBox (file sharing) plus Google Calendars (online scheduling) plus 25 other collaboration and productivity tools. Because iPhones are ubiquitous nowadays, we hope the release of our app will make social collaboration more accessible to small business owners and that it will quickly prove its worth inside each company."
The app is free, just like Bitrix24's basic plan, and works on devices that run iOS 5.1 or above. After downloading the app from Apple App Store and logging into their Bitrix24 account, users are able to monitor tasks, view contact details of co-workers, access the Activity Stream, comment and 'like' projects or tasks, and receive push-notifications about nearly anything that takes place inside intranet network.
"We've been monitoring the activity of over 15,000 small businesses that have signed up with us so far and over 60% of accounts have some sort of activity over the weekend. This number as well as after-hours activity is much higher for accounts that have utilized the iPhone app, proving that with the right tools you can work anywhere and anytime," – noted Mr. Valyanov.
Unlike other social enterprise offerings, ranging from Microsoft's recently acquired Yammer to SaleForce's Chatter, Bitrix24 targets small and even micro businesses by making its social intranet platform absolutely free for up to 12 users. The company recently announced its $2.4 million Bitrix24 Social Intranet initiative, providing one thousand startups with $2400 in grants to adopt social collaboration inside their organization.
Unlike other social enterprise offerings, ranging from Microsoft's recently acquired Yammer to SaleForce's Chatter, Bitrix24 targets small and even micro businesses by making its social intranet platform absolutely free for up to 12 users. The company recently announced its $2.4 million Bitrix24 Social Intranet initiative, providing one thousand startups with $2400 in grants to adopt social collaboration inside their organization.
"If you work for a startup that hires early adopters and you want to optimize communications and the flow of information, I encourage you to claim your startup license by simply filling out this short form. The licenses are given on a first come first served basis and accommodate not only internal team communications, but also interactions with investors, clients, and other stakeholders."
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