Some people don’t like to talk about business failure, as if talking about it will somehow make it more likely to happen to them
But if you don’t understand what causes a business to fail, then you aren’t going to be very well prepared to avoid a failure, or know what signs to look for in your own startup planning.
First, let’s clear up some understanding of what failure is. In most studies, the researchers can’t tell the difference between a business that closed, a business that changed ownership, and a business that actually lost money and was forced to close its doors.
In the real world, only a money losing business is really a failure. Selling a business to a new owner is certainly a viable way to move on to other things, and can often produce a profit. Closing down or folding up operations without owing anyone money is also a choice that a business owner can make that doesn’t mean the business failed- it could simply mean they opened a...
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How to Make Money on eBay Without Auctioning AnythingFrom: capforge.com
Post Date: 2007-08-14 12:12:05
I spotted this article about selling add ons to your auctions in the form of ebooks and it sounded like a good idea, but one that has a whole lot more potential with just a slight twist.
The basic premise was this: suppose you are selling bird feeders. Once someone has purchased one, you send them the confirmation email, and in the email you offer them a book on “How to Attract Songbirds to Your Backyard” with a link to the web page that talks about the book and which has a lin...
more Make $200/Hour Working for Google, No Skill RequiredFrom: capforge.com
Post Date: 2007-08-08 12:19:31
Here is an opportunity for anyone with a car, a digital camera, and the next couple months relatively free.
The basic premise is, you go around to local businesses, tell them about google, and write down some basic store info, such as hours of operation, payment types accepted, etc. Then you take a couple digital photos of the outside, and submit the entire package to google.
Google pays you $2 for a listing, and $8 more when they contact the business and the business confirms the info....
more The Benefits of Failing Fast When Starting a BusinessFrom: capforge.com
Post Date: 2007-08-02 16:47:32
Failing in business is not the end of the world. Often times, it is really just an opportunity to move on to an even better way of doing something.
This article highlights three examples of businesses that started out trying to do one thing, and failed. In each case, the business then reinvented itself as something quite different, but based around what they had learned from the first experience. These new incarnations were much more successful.
The key to failing successfully, if it ca...
more Starting a Vending Business With a Very Profitable TwistFrom: capforge.com
Post Date: 2007-08-23 13:12:09
I came across this business for sale a while back, and the concept was interesting enough that I thought it was worth some further consideration. The business is a vending company, but the twist is they sell heath food instead of the usual soda, chips and candy bars.
I like the concept of vending in general, because any business that allows you to generate income while you aren’t aroundis a step ahead of the average business. But the vending business is tough, and finding a good locati...
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