Tuesday, July 3, 2012

Speed startups


There surely is merit in creating a business plan and finding investors for your start-up business, but the internet changes things and can allow some entrepreneurs to skip these processes. Maclean's posted an interesting article today related to this subject titled "How to make $100,000 a day". 

First off, amazing copywriting on that title, I guarantee you that title generated the most click-thrus of all the articles posted today. It certainly worked on me.

Getting back to the point of this post, the article goes on to talk about the book, The $100 Startup, which provides information and examples to entrepreneurs about how to start a business in a much less traditional manner. Citing examples of so-called "Solopreneurs" who invested less than $1,000 of their own money and created businesses that generated upwards of $60,000 a year in revenue.

It does show how much easier it is to get your idea/business out to people these days with the internet. Costs such as websites and marketing have become cheaper and easier with sites like Wordpress and Facebook, giving anyone with an idea or a passion the ability to start a business without necessarily sinking themselves into a heap of debt.

It leads me to wonder what the next 10 or 20 years in the future hold for employment. Will companies continue to employ individuals in the traditional manner or will everyone be a free agent that provides contracting work to multiple companies to maximize their time and profits. It may sound crazy, but freelancing/solopreneuring could be the way of the future. As Chris Guillebeau, the Author of the book, says in the article "The old choice was to work at a job or take a big risk going out on your own. The new reality is that working at a job may be the far riskier choice."


I've already taken a venture into the solopreneuring field, my new website www.retireez.ca targeting the growing population of boomers and 50 plusers going online cost me less than $100 to set up and I am hoping the content I create and word-of-mouth helps the website take off. 

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