Learning, Sharing, and Teaching > Entrepreneurship
Introduce Yourself!
swick:
Welcome, Mustachian Entrepreneurs!
This thread is your opportunity to introduce yourself and share your business with the community. Keep in mind the forum rules on spam: if you'd like to link to your own stuff, a single link in your signature is acceptable.
Please tell us:
Who you are
What you do (commonly known as your elevator pitch)
Your biggest entrepreneurial/business challenge
Your best piece of advice for others
Your favorite Entrepreneurial/business resource
Looking forward to getting to know you all!
maizefolk:
Who you are
Tenure track but pre-tenured academic. Involved in launching two start ups neither of which has failed (nor been acquired or gone public) so far.
What you do (commonly known as your elevator pitch)
Your biggest entrepreneurial/business challenge
Honestly probably balancing time commitments between my "day job" and the two start-ups (although that became a lot easier once each of them started taking on more dedicated staff).
Your best piece of advice for others
Ummm.... writing business plans is surprisingly fun?
Your favorite Entrepreneurial/business resource
All of the essays on this page: http://paulgraham.com/articles.html
MaryByrne:
Who you are
I am a 19 year old female freshman college student in Portland, Oregon.
What you do (commonly known as your elevator pitch)
I WILL create and maintain content websites/blogs with affiliate linked products and my own digital information products (ebooks, printables). Also developing educational games for my Mom.
Your biggest entrepreneurial/business challenge
Startup capital (150-200 dollars) and just buying the things like domain and hosting already, always a "not now" moment when in college paying stuff
Your best piece of advice for others
Would you encourage someone else to do your business idea? Aka, is it possible for others to do? If so why not possible for you? Make it happen
Your favorite Entrepreneurial/business resource
Blog tyrant's blog. Great tips on blogging and strategy for content. Made me realize I need an ebook or other product to actually make decent money w/o obsessing over traffic amount to make money with adsense.
Not sure if I count as an entrepreneur because it will be blogging with products to sell... but I'm definitely a motivated side hustler.
Goals for Revenue/Income
$4000 profit/month by March 2021 (4 years)
Pretty much a small solo informal business setup with just my Mom and I running it. (that's enough to support both of us living together). Planning on the "business" things I do online being the main income source. (have backup plan too)
Now: nothing set up and nothing is making money. Buying website hosting and domains in the next 2 weeks.
Smokystache:
Who you are
I am a 40 something, tenured, social sciences professor living in Smoky Mtns of US.
What you do [elevator pitch]
I:
- use my previous research and area of academic expertise to try to help business build relationships - have created some print materials that companies use to help their clients and to generate more sales for their business
- have begun consulting with some of these businesses about how to improve their customer service (on one specific topic)
- present at professional conferences, go to trade shows, and write articles for trade journals
I'm in the early stages of working with 1 or 2 companies as a long-term consultant, product-development, trainer. My goal is to eventually do this full-time and stop being a professor.
And I make most of my current side income at home by stuffing envelopes (seriously)
Your biggest entrepreneurial/business challenge(s)
- Translating academic research, knowledge and skills into products and services that businesses will actually pay for
- Creating enough consistent income that it makes sense to give up a job-for-life with decent benefits
- Breaking in to a very traditional business field that doesn't like change
Your best piece of advice for others
- Start lean. Get out there and start selling and talking to people.
- Be ready to adjust your plan/services/product to what people will actually pay for (I know have income from things I'd never thought I'd do (even though I'm happy doing it and it fits my skillset))
- Things will likely happen twice as slowly as you expect
- Don't underestimate the power of relationships and familiarity
- Don't underestimate the power of hanging in there, being visible, writing for trade journals, etc.
Your favorite Entrepreneur resource
MMM forum and now this subforum
- books like 4 Hour Workweek, $200 Startup, The Lean Startup
Goals for Revenue/Income
- From my side gigs I currently net the equivalent of 50% of my regular salary. I hope to grow that to 130% of my regular salary and then switch to my sales/consulting/speaking full-time. I hope to quit my day job within 2 years.
Extra: This is a thread where I asked advice about consulting with big companies, fees, agreements, etc. and provides some disguised background about my field.
http://forum.mrmoneymustache.com/ask-a-mustachian/new-to-consulting-help-me-avoid-beginner's-mistakes/
RetirementManifesto:
Who you are: A 53 year old Commodity Trader, who's going to FIRE in June 18.
What you do Get paid well for a job I'm tired of, my real passion is blogging about retirement planning!
Your biggest entrepreneurial/business challenge Continuing the awesome growth on my blog, perhaps monetizing it post-retirement.
Your best piece of advice for others Start Young! Spend Less Than You Make!!
Your favorite Entrepreneurial/business resource: Radical Personal Finance Podcast
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