July 20th, 2009
The best advice I ever got on selling was this:
Have an awesome enough product that it will sell itself.
I read an article once that the least trusted person in American was the used car salesman. Its so easy to see why, you have an old product that you are selling for at a cheap price. Its age translates to unreliability while the cheap price equates to a low profit margin.
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July 10th, 2009
An interesting article in Wired magazine points out that longer life can be achieved by lower caloric intake as we age. I first heard of this theory when I read Bill Clinton’s biography wherein he mentioned that one of his college professors had been working on a study like this.
Half the monkeys were fed a low-calorie diet, and the other half a standard diet. All were closely monitored, with researchers regularly measuring their body composition, blood chemistry and endocrine function, as well as heart and brain function. When monkeys died, they were necropsied and the causes of death established.
All the surviving monkeys are now at least 27 years old, the rhesus equivalent of old age. Those fed a calorically restricted diet have dramatically lower levels of cancer, diabetes, heart disease, brain atrophy and lean-muscle loss. Just five of the 38 restricted monkeys have died from age-related causes, compared to 14 of 38 in the control group.
July 7th, 2009
Here’s an interesting story I got from an acquaintance who ran a successful business that positioned him as a market leader in his niche. One day somebody contacted him and asked if he was willing to sell his business or open it up for partnership. He mentioned his selling price and that somebody agreed to it.
Because of which they went through the motions of selling the business. There was the due diligence review and the tour of the business process flow. After acquiring all this data the guy then said he needed time to digest it, so they parted ways.
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May 5th, 2009
I had an acquaintance who almost became my business partner. Fate would have it that our business venture would not push through because of a prior deal that showcased his true nature to me.
It all started when he sold an item to me. I knew that money was a bit tight for him at that time so even though I thought it was a bad deal, I decided to part with my own finances in the guise of helping him out.
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January 21st, 2009
How to start a small business online cheaply and quickly? Well thanks to the Internet and the proliferation of social networking sites there is no need to pay for a web developer to build your site or acquire any other expensive small business software that usually goes with it. Of course this is recommended for business small enough that their volume of transaction is not that huge. With that in mind, you can jump in directly with setting up an online store by yourself.
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