In all labor there is profit. Which makes me feel awfully good because that means that all those countless business meetings (saw a book- "Death by Business Meetings") were not a loss.
I've struggled for a few months now as to what to do with one of my companies.
The most major problem I was having with it had to do with the fact that it was a luxury product and service... uh huh. Now THAT was a smart move for 2009, wasn't it!?
Ah well. None of us have crystal balls.
I appreciate the feedback I've gotten through blogging- most specifically,
I've struggled for a few months now as to what to do with one of my companies.
The most major problem I was having with it had to do with the fact that it was a luxury product and service... uh huh. Now THAT was a smart move for 2009, wasn't it!?
Ah well. None of us have crystal balls.
I appreciate the feedback I've gotten through blogging- most specifically,
Kim Ayres, who, being an expert in the field I had inadvertently launched the said business- took the time to review and comment on my dilemma.
He said, "Your website is crap on a number of levels." Hahahahaha. It IS! I adore it when people simply level with you and cut through the nicey-nice.
What did I learn? I learned that I'm proud of myself for forging ahead with an idea and concept, knowing nothing about it, and still pulling together the various components to pull it off- for a little while.
I learned there's a whole lot of people out there with a whole lot of talent who know what's going on- and I'm glad I can defer to them.
I learned that a fundamental rule of business failure is always going to be under capitalization AND to keep throwing money into a losing proposition does not turn a sow's ear into a silk purse.
I learned that I lost interest, and sometimes have the business attention span of a ferret.
I learned I do not like dealing with the general public, but only business to other busineses.
I learned that I still have to take a risk when I think I have a viable idea anyhow, and that money is only an idea- but I have an idea that I lost a lot of money!
Still, in the end- moving on an idea is usually always going to be worth it 'cause I'm Entrepreneur Chick and I can't help myself.
He said, "Your website is crap on a number of levels." Hahahahaha. It IS! I adore it when people simply level with you and cut through the nicey-nice.
What did I learn? I learned that I'm proud of myself for forging ahead with an idea and concept, knowing nothing about it, and still pulling together the various components to pull it off- for a little while.
I learned there's a whole lot of people out there with a whole lot of talent who know what's going on- and I'm glad I can defer to them.
I learned that a fundamental rule of business failure is always going to be under capitalization AND to keep throwing money into a losing proposition does not turn a sow's ear into a silk purse.
I learned that I lost interest, and sometimes have the business attention span of a ferret.
I learned I do not like dealing with the general public, but only business to other busineses.
I learned that I still have to take a risk when I think I have a viable idea anyhow, and that money is only an idea- but I have an idea that I lost a lot of money!
Still, in the end- moving on an idea is usually always going to be worth it 'cause I'm Entrepreneur Chick and I can't help myself.
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