Tag Archive for 'Entrepreneur'

Turning Ideas into Profits: A New Tool for Entrepreneurs

Published
by
Anthony Portuesi
on October 21, 2009
in Entrepreneurship and Technology
. 0 Comments

moneyideaslightbulb Turning Ideas into Profits: A New Tool for EntrepreneursAt one point or another we’ve all had that million dollar idea for a radical new product that fits some unmet need. Yet no matter how good the concept, more often than not, busy schedules, lack of funds, or just plain apathy for the process, result in us taking no action to making it reality.

This week I was intrigued to learn of a new website designed to assist and empower those with entrepreneurial spirit.  The aptly named LaunchYourLine.com, launched today, aimed at walking entrepreneurs through every step of the process from incorporation, to writing business and marketing plans, to finding manufacturers, and finally distributing the final product.  In essence it is a platform that connects the inspiration with resources, all at no cost to the entrepreneur.

The company’s press release provides a little more clarity as to its rationale;

LaunchYourLine.com CEO Ruben Navarette first developed the idea for the website when his sister approached him about wanting to start her own line of cosmetics. “I had started a few businesses before and knew what it took to launch a line of products,” Navarette said. “But as I began figuring out what it would take to help my sister make her dream possible, I realized the process could be very complicated and overwhelming to someone who had never done this.”

Throughout his year-long research, Navarette took meticulous notes on every step of the process and began thinking about a way he could simplify the process not only for his sister but also for other entrepreneurs who might be interested in launching their own line. “I thought if someone could create something on the web, it would be able to help many more people do this on a massive scale,” Navarette said.

The result? LaunchYourLine.com, a free website that walks entrepreneurs through every step of the process from incorporating to marketing to writing business plans to finding a manufacturer and a distributor.

launchyourline Turning Ideas into Profits: A New Tool for Entrepreneurs

To learn more, check out their “How it Works” page. It will be interesting to see how well the site catches on, but from my vantage point, anything that enables innovation and supports turning ideas into action, is a step in the right direction.

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Best Practices for Aspiring Entrepreneurs

Published
by
Anthony Portuesi
on March 19, 2009
in Entrepreneurship and Motivation
. 3 Comments

det2 Best Practices for Aspiring Entrepreneurs

This month marks the launch of new website aimed at motivating aspiring entrepreneurs. Daily Entrepreneur Tip (DET) is a site that provides short tips (150 words or less) pertaining to various aspects of entrepreneurship. Certainly an interesting concept for those looking for those looking to gain additional insight, yet don’t have hours to spend searching in research. Each post contains only one lesson and is written by an experienced entrepreneur willing to share tips, suggestions and/or lessons learned from a variety of ventures. One new post is presented each day, Monday through Saturday, without exception.

Brian Linton, creator of the site, contacted me last week about becoming a regular contributor, to which I gladly accepted. DET is right up my ally being that, any giving time; I have my hand in or am consulting on various entrepreneurial projects. My first contribution entitled “Customer Service is King” debuted today and joins an array of best practices that continue to grow each day.

Should you need a little boost, DET also offers a free text service sending short, inspirational and motivational quotes directly to your phone at random times throughout the week. Take a look, learn something new or share your personal experience by submitting a tip. Though it’s still in early stages, I foresee this becoming a vast library of entrepreneurial best practices. I have a feeling you won’t be disappointed.

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Is There Such a Thing as a “Typical” Entrepreneur?

Published
by
Anthony Portuesi
on October 31, 2008
in Entrepreneurship and Thought Provoking
. 1 Comment

entrepreneurship1 Is There Such a Thing as a “Typical” Entrepreneur?Self-confident, driven, visionary, a risk-taker, all traits that quickly come to mind. Even so, the SBA Office of Advocacy has looked to give the question a more definitive answer by taking it one step further. This month the SBA released the results of an ongoing study, which attempts to determine if and what college experiences lead one to wear the hat of an entrepreneur.

The study looks at a group of college graduates from the class of 1993 and periodically tracks their job progress for 10 years. By delving into “college experiences” they were able to identify specific characteristics of individuals who are self-employed versus those who opt to work for a for-profit business, a not-for-profit entity, or the government. It’s an interesting study that establishes some thought provoking conclusions.

According to the study, if you did one or more of the following in college, you are more likely to be an entrepreneur than work for somebody else:

  • Majored in something outside of the hard sciences (engineering, math, chemistry, biology, etc.);
  • Tended to be a “jack-of-all-trades”—taking many different courses, but not mastering any;
  • Have not go on to graduate school;
  • Had a lower GPA than your peers who ended up working in the nonprofit and government sectors.

The study concludes that entrepreneurs seem to be more “average” than exceptional in respect to the general population. Keeping in mind that this was only a sample from one year, my experience shows the assumption to be fairly accurate. I’d be more interested to hear if the self-employed out there agree…

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