Comments on: Can a great idea and some hard work take an entrepreneur from $0 to $100k in one year? http://www.small-business-guru.com/can-a-great-idea-and-some-hard-work-take-an-entrepreneur-from-0-to-100k-in-one-year/ Small Business Help, Coaching, Inspiration, and Practical Advice for Entrepreneurs Sun, 20 Jul 2008 17:42:01 +0000 http://wordpress.org/?v=2.2.3 By: Lee Marshall http://www.small-business-guru.com/can-a-great-idea-and-some-hard-work-take-an-entrepreneur-from-0-to-100k-in-one-year/#comment-893 Lee Marshall Mon, 10 Mar 2008 12:05:22 +0000 http://www.small-business-guru.com/can-a-great-idea-and-some-hard-work-take-an-entrepreneur-from-0-to-100k-in-one-year/#comment-893 Ok. So I have a site called MyTubeStop dot com. It offers people living in London the opportunity to buy, sell, rent or exchange goods/properties by using Tube lines and Tube stops to locate stuff near them. i.e, joe sells a tv and live on the Northern line, Billy lives on the Northern line and searches for TV's, bingo! With zero investment available and a desire to have this up and running in a month properly, do you think your offer will cover this? Regards Lee Ok. So I have a site called MyTubeStop dot com. It offers people living in London the opportunity to buy, sell, rent or exchange goods/properties by using Tube lines and Tube stops to locate stuff near them. i.e, joe sells a tv and live on the Northern line, Billy lives on the Northern line and searches for TV’s, bingo!

With zero investment available and a desire to have this up and running in a month properly, do you think your offer will cover this?

Regards
Lee

]]> By: BigAl http://www.small-business-guru.com/can-a-great-idea-and-some-hard-work-take-an-entrepreneur-from-0-to-100k-in-one-year/#comment-884 BigAl Sun, 09 Mar 2008 20:26:49 +0000 http://www.small-business-guru.com/can-a-great-idea-and-some-hard-work-take-an-entrepreneur-from-0-to-100k-in-one-year/#comment-884 Dear Kelly, this looks great!! Is there now way you might bend on the USA only rule? We can always use skype... If not, might I be able to hire you for a fee? I am super keen to be involved in a project like this but am really battling to find trustworthy people to help me on my way. Thanks, Al Dear Kelly, this looks great!! Is there now way you might bend on the USA only rule? We can always use skype… If not, might I be able to hire you for a fee? I am super keen to be involved in a project like this but am really battling to find trustworthy people to help me on my way.

Thanks,
Al

]]> By: Kelly Andrew Brown http://www.small-business-guru.com/can-a-great-idea-and-some-hard-work-take-an-entrepreneur-from-0-to-100k-in-one-year/#comment-808 Kelly Andrew Brown Thu, 06 Mar 2008 10:21:14 +0000 http://www.small-business-guru.com/can-a-great-idea-and-some-hard-work-take-an-entrepreneur-from-0-to-100k-in-one-year/#comment-808 Hi Catherine, I expect a number of the applicants will be trying to transition from a full time position to owning their own business. That's part of the challenge & fun. Optimally, if someone can be available to do this full time, that will be best. But, I'm not going to encourage anyone to quit their day job just yet. The goal is to build up to $60k-100k in recurring revenue in the first year. It's the launch point for a business to have a foothold in the marketplace and start providing a decent living for the owner. The goal isn't to it $100k in revenue in the first year. The goal is to get to a point where the business is bringing in $12k a month in revenue by the 12th month, if that makes sense. Hi Catherine,
I expect a number of the applicants will be trying to transition from a full time position to owning their own business. That’s part of the challenge & fun.

Optimally, if someone can be available to do this full time, that will be best. But, I’m not going to encourage anyone to quit their day job just yet.

The goal is to build up to $60k-100k in recurring revenue in the first year. It’s the launch point for a business to have a foothold in the marketplace and start providing a decent living for the owner.

The goal isn’t to it $100k in revenue in the first year. The goal is to get to a point where the business is bringing in $12k a month in revenue by the 12th month, if that makes sense.

]]> By: Cath Lawson http://www.small-business-guru.com/can-a-great-idea-and-some-hard-work-take-an-entrepreneur-from-0-to-100k-in-one-year/#comment-807 Cath Lawson Thu, 06 Mar 2008 08:46:13 +0000 http://www.small-business-guru.com/can-a-great-idea-and-some-hard-work-take-an-entrepreneur-from-0-to-100k-in-one-year/#comment-807 Hi Kelly - this sounds like an interesting experiment. This would be $100k turnover right - not profit? It will be interesting to watch. My only concern is, if they're starting with next to nothing, will it attract applicants who are just going to be doing it part-time? That will make it far harder to achieve those results. <em>Cath Lawson's last blog post..<a href='http://feeds.feedburner.com/~r/SuccessPasscode/~3/245977865/' rel="nofollow">Business Success Is Only A Deathbed Away</a></em> Hi Kelly - this sounds like an interesting experiment. This would be $100k turnover right - not profit?

It will be interesting to watch. My only concern is, if they’re starting with next to nothing, will it attract applicants who are just going to be doing it part-time? That will make it far harder to achieve those results.

Cath Lawson’s last blog post..Business Success Is Only A Deathbed Away

]]> By: Kelly Andrew Brown http://www.small-business-guru.com/can-a-great-idea-and-some-hard-work-take-an-entrepreneur-from-0-to-100k-in-one-year/#comment-789 Kelly Andrew Brown Tue, 04 Mar 2008 20:19:36 +0000 http://www.small-business-guru.com/can-a-great-idea-and-some-hard-work-take-an-entrepreneur-from-0-to-100k-in-one-year/#comment-789 Filipina, Sure - I think that's well within the spirit of the challenge. Filipina,
Sure - I think that’s well within the spirit of the challenge.

]]> By: Filipina Pate http://www.small-business-guru.com/can-a-great-idea-and-some-hard-work-take-an-entrepreneur-from-0-to-100k-in-one-year/#comment-788 Filipina Pate Tue, 04 Mar 2008 19:37:04 +0000 http://www.small-business-guru.com/can-a-great-idea-and-some-hard-work-take-an-entrepreneur-from-0-to-100k-in-one-year/#comment-788 Hi Kelly - Would you be willing to consider an applicant who has just started a business and is trying to take steps towards the next level? Hi Kelly -

Would you be willing to consider an applicant who has just started a business and is trying to take steps towards the next level?

]]> By: Kelly Andrew Brown http://www.small-business-guru.com/can-a-great-idea-and-some-hard-work-take-an-entrepreneur-from-0-to-100k-in-one-year/#comment-780 Kelly Andrew Brown Tue, 04 Mar 2008 02:33:21 +0000 http://www.small-business-guru.com/can-a-great-idea-and-some-hard-work-take-an-entrepreneur-from-0-to-100k-in-one-year/#comment-780 @ Sam @ Ann I've just updated the post to include information on the non-disclosure agreement. Please let me know if you have additional questions. @ Sam
@ Ann

I’ve just updated the post to include information on the non-disclosure agreement. Please let me know if you have additional questions.

]]> By: Ann Rusnak - The Time Diva http://www.small-business-guru.com/can-a-great-idea-and-some-hard-work-take-an-entrepreneur-from-0-to-100k-in-one-year/#comment-775 Ann Rusnak - The Time Diva Mon, 03 Mar 2008 14:13:54 +0000 http://www.small-business-guru.com/can-a-great-idea-and-some-hard-work-take-an-entrepreneur-from-0-to-100k-in-one-year/#comment-775 Hi Kelly, What a great idea... I'm interested. Where is the NDA located? or do I email and ask for it? Ann Rusnak "The Time Diva" <em>Ann Rusnak - The Time Diva's last blog post..<a href='http://just15minutes.com/blog/time-management-4-biggest-time-management-obstacles/' rel="nofollow">Time Management: 4 Biggest Time Management Obstacles</a></em> Hi Kelly,

What a great idea… I’m interested. Where is the NDA located? or do I email and ask for it?

Ann Rusnak
“The Time Diva”

Ann Rusnak - The Time Diva’s last blog post..Time Management: 4 Biggest Time Management Obstacles

]]> By: Kelly Andrew Brown http://www.small-business-guru.com/can-a-great-idea-and-some-hard-work-take-an-entrepreneur-from-0-to-100k-in-one-year/#comment-767 Kelly Andrew Brown Mon, 03 Mar 2008 01:40:41 +0000 http://www.small-business-guru.com/can-a-great-idea-and-some-hard-work-take-an-entrepreneur-from-0-to-100k-in-one-year/#comment-767 @ Sam - GREAT question. I'll provide a signed NDA that you can download, fill out and fax / scan back to me before submitting your idea. I will have this up Monday. @ Sam - GREAT question. I’ll provide a signed NDA that you can download, fill out and fax / scan back to me before submitting your idea. I will have this up Monday.

]]> By: Sam http://www.small-business-guru.com/can-a-great-idea-and-some-hard-work-take-an-entrepreneur-from-0-to-100k-in-one-year/#comment-766 Sam Mon, 03 Mar 2008 00:45:00 +0000 http://www.small-business-guru.com/can-a-great-idea-and-some-hard-work-take-an-entrepreneur-from-0-to-100k-in-one-year/#comment-766 How do we protect the ideas that we send into the contest? How do we protect the ideas that we send into the contest?

]]>