[geeklog-devel] Geeklog Service offering
Tony Bibbs
tony at tonybibbs.com
Fri Jan 10 13:42:51 EST 2003
Right, so in the interest of what you said, what is the smallest piece of
work we can do quickly that will start us down this road?
--Tony
On Fri, 10 Jan 2003, Tom Willett wrote:
> I sometimes wonder why it seems that only Blaine and I respond to things
> like this. At first I thought oh well we are just a couple of vain old men
> who like to impose our beliefs on others. ;) But then I realized, hell, I
> have always been this way! So here goes again and after this I will shut up.
>
> > Tony Bibbs wrote
> > Here are some initial thoughts I had on how to start his up. First, there
> > is no really need to go all gung-ho until we prove there is a market for
> > this sort of stuff. So our first goal should be to establish the fact
> > tehre is need for services around GL.
> >
>
> Agreed -- For my last startup I contacted a local State College Business
> School and let one of the business classes take my initial thoughts and us
> it as a class project developing a business plan and doing a marketing
> survey. I only came away from that experience with one good idea, but that
> one idea saved me about $20,000 and untold headaches. I imagine that any
> business school would jump on the chance to do the same for a high-tech
> service oriented business like this.
>
> >
> > To do that I propose we do something simple like set-up one bank account
> > in which all $$ will initially go into. Then we need to figure out how
> > much revenue a month we think we need before we are convinced there is a
> > need for this and that we need to go to the next level. Let's call that
> > magic number $X/month.
> >
> > Until we reach our goal of $X/month, all money stays in the account. When
> > we hit that goal we can then take what is in the account to pay for things
> > we may need (drafts of contracts, lawyer time to set up a corporation,
> > etc). I say we prime the pump and just dump it all back into what we are
> > trying to do. From that point on we can start dividing up revenue in a way
> > that rewards people based on time spent and goals accomplished (i.e. more
> > like a 'real' business).
> >
>
> Once again Agreed. It is painful to not reap the fruit of you labor at
> first but essential. You either have to do something like this to fund a
> startup or borrow money or put in some of your own (yuk). And you need to
> be realistic, do not expect it to happen in two or three months.
>
> And another painful thought, especially in this dot-com boom and bust world,
> you better plan on not getting any money out of the company for at least a
> year, probably more. So don't quit your day job. The only way people got
> rich in the past dot-com bubble was by taking other peoples money.
>
> --
> Tom Willett
> tomw at pigstye.net
> _______________________________________________
> geeklog-devel mailing list
> geeklog-devel at lists.geeklog.net
> http://lists.geeklog.net/listinfo/geeklog-devel
>
--
------------------------------------------------------------------------|
Tony Bibbs | "I guess you have to remember that those who don't |
tony at tonybibbs.com | hunt or fish often see those of us who do as |
| harmlessly strange and sort of amusing. When you |
| think about it, that might be a fair assessment." |
| --Unknown |
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