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BusinessWorks Inc - A Dotcom in making

This blog is intended to stir your entrepreneurial spirit and get going with your own business. It tries to capture day-to-day issues related with a upcoming startup business. If you follow this blog long enough, it may take you from Concept to Wall Street. I invite you to submit your ideas and comments.

"BusinessWorks Blog is a must read for any would-be entrepreneur unaware of the painstaking process of building a business" - FORBES Best of Web

The Power of BusinessWorks is in the way it uses the blog format as an integral part of a process, to solve a business problem. - Small Business Trends PowerBlog Review

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Brainstorming - Nanotechnology Discussion

Thursday, September 30, 2004

Presidential debate took much of my productive time, but I did not get any clear message, how and when war will end. Nevertheless, our goal is different. Lets talk about Nanotechnology.

Nanotechnology has everything to do with the research of materials that are 1000 nanometers or less. Nanotechnology has existed in nature for a long period of time. For example when nature re-arranges atoms in carbon, we get diamonds or re-arranging sand atoms gives us silicon chips.

Challenge is to take this Nanotechnology to manufacturing processes, pharmaceuticals and radically change the properties of our day-to-day things, medicines to work for us more efficiently end effectively than ever.

As exciting this technology is, equally unpredictable is the time frame to achieve the desired results. Some scientists and researchers predict year 2020, when nanotechnology will begin to mature.

Nanoindustries is an excellent resource, if you wish to further explore Nanotechnology. Next on our list is Biotechnology. Then I plan to discuss pros and cons of each technology from our perspective and select most viable one, out of three technologies.

9/30/2004 10:06:00 PM :: 0 comments ::

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Brainstorming - RFID Discussion

Wednesday, September 29, 2004
Radio Frequency ID tags or RFID Tags came into limelight when Walmart insisted their suppliers to have them by January 1st 2005. RFIDs have existed for few years and are used as security devices on Music CDs, Games CDs and DVDs and various other areas.

There are however many unexplored areas where RFID solutions can be used. We are going to explore some of these areas for potential product and/or services that Businessworks Inc can provide.

If we go with RFID based solutions, manufacturing RFIDs will not our goal as it can be prohibitively expensive. Our goal would consist of using RFIDs readily available and building custom solutions and sell it to Government and private organizations.

This idea ranks very high in our potential list of technologies. Tomorrow I will discuss Nanotechnology.
9/29/2004 10:17:00 PM :: 8 comments ::

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Brainstorming...Part - II

Tuesday, September 28, 2004
What a day at work! In the words of my director "Another day in paradise!". That reminds me about the "paradise" that we are trying to build by taking our first step, brainstorming. Yesterday we listed few ingredients of a dotcom company. Next we need few technologies, that may be potentially considered for our business.

I have shortlisted these three as they have excellent potential in near future. In future blog postings, I will discuss pros and cons of each of the three technologies and then select one for our company.

9/28/2004 09:08:00 PM :: 0 comments ::

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Brainstorming...Part - I

Sunday, September 26, 2004
Brainstorming is always happening! While driving, at work, in conversations. However, if resulting ideas are not stored in a organized fashion, they are easily forgotten. I have been using a trial version of Personal Brain for organizing and storing my thoughts. So far it has helped me keep all my ideas secure on my laptop instead of my volatile memory. It not only stores the ideas but links them in a way that is unique.

Back to our brainstorming about the business, company will conduct. As we have decided, Businessworks Inc. will be a dotcom company, business will be conducted online, probably selling services or products or both. Since many companies do similar business, Businessworks Inc has to do something unique, which sets them apart from other companies.

So what are the ingredients of a Dotcom company? Let me list a few and invite you to add few others.
  • A unique technology or a solution designed around that technology
  • people, committed to make company a success.
  • venture capital
9/26/2004 09:47:00 PM :: 0 comments ::

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Saturday, September 25, 2004
This is an experiment about building a dotcom business (on paper) and then making it grow. It will be similar to "paper" stock trading in nature. I will go through the complete process of building a business, right from business structure selection to filing tax returns at the end of the year, in my novice way, stumbling and re-building all the way with the help of my fellow readers.

Here is an initial agenda that I would follow in coming days:

  1. Organized brainstorming on various business ideas
  2. Researching three of those business ideas
  3. Selecting and evaluating one of the three business ideas.

Be ready for the wild ride...

9/25/2004 04:16:00 PM :: 2 comments ::

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