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Friday, September 5, 2008

New Concept! New Business Model!

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Recently I have been working on a new business model. Applying new business principles to a business that is considered commodity. Was given a lot of ideas from my friend from projectsenso who acts like a mentor to me, and the social enterprise element for this business was thus born.

My partner has been quite nervous about not earning money yet, and it seems that this is what every entrepreneur will face in the initial beginning. I have been through that several times before and I know how it feels like when you have no money and you longed to return to a salaried employee and get a fixed pay.

How do you measure a success of a startup business? By reflecting on your financial status or the reactions that you get from potential customers? Do you count it by the number of dollars in your pocket now?

Having little cash in your pocket is bad enough if you are a startup entrepreneur, but you must know that you NOW have the vehicle (which is your business) that can allow you to earn more money. So, what are you waiting for? Start driving that vehicle of yours instead of worrying.