Archive for November, 2009
Some more great entrepreneurial advice from David Garland, of The Rise To The Top show here in St. Louis. These are questions you need to be asking yourself as you contemplate or begin your own business, some good stuff here.
1. Can I remove myself from this business or will I always be a part of it?
2. Can I work “non normal hours” including nights and weekends if necessary?
3. Do I have 6 months extra cash reserves?
4. Do I have a list of trusted professionals (lawyer, accountant, etc.) or do I need a referral?
5. Can I take criticism?
6. Who are my mentors and go-to people when I need help?
7. How will my business make money and what are the alternative revenue streams? (*Seems obvious of course but many have made this mistake, have you?)
8. Do I work better alone or in groups?
9. What things do I LOVE to do on a daily basis?
10. What things do I HATE to do on a daily basis?
11. Who is doing the books and keeping finance in order?
12. How far in advance am I planning? 6 hours? 6 days? 6 years?
13. How much time will my business require of ME?
14. Do I plan on on selling your business?
15. What is your web strategy?
16. Am I also marketing my business, product or service or soliciting help?
17. Do I have a plan for hiring your first employee?
18. How am I going to generate buzz for your business?
19. Where is the start up capital coming from?
20. Will I be investing my own money?
21. Am I prepared to deal with the emotional toll of the ups and downs of businesses?
22. Where am I getting answers to my entrepreneurial questions?
23. Who are my favorite entrepreneurs and why were they successful?
24. Why is my business unique?
25. WHY am I starting my own business?
By now you’ve certainly read or heard about the incredible statistics that surround social networks. Social networks and blogs are the 4th most popular online activities, and 67% of global users visit member communities daily, and 10% of all time spent on the internet is on social media sites. Another interesting fact is that 80% of companies use, (or are planning to use), LinkedIn as their primary tool to find employees this year and into 2010.
Impressive stats for sure. But what about social networking’s older brother, the venerable email? What are some fun statistics that you can throw around at your next cocktail party? Well, how about:
If email was a country, its 1.4 billion users would make it the largest in the world. Bigger than China, bigger than the populations of the USA and European Union combined.
247 billion emails are sent each day. That’s one email every 0.00000035 seconds.
In the time it takes you to read this sentence, some 20 million emails entered cyberspace.
Every second, the world’s email users produce messages equivalent in size to over 16,000 copies of the Complete Works of Shakespeare (assuming a 30KB average email size).
13.4 billion: the number of direct marketing dollars forecast to go on email in the US in 2009.
$583 billion: the return from that investment if you use standard figures on email marketing ROI. That’s four times the market value of Microsoft.
181: the number of marketing emails it would take to produce enough revenue to buy one share in Microsoft.
83,689,738,832,367: the number of marketing emails it would take to produce enough revenue to pay the US National Debt.