Introduction

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...


Comments

Anonymous said…
Cool! It looks like the organized brainstorming
piece offers some nice tools to help you build your business/web/structure.
September 27, 2004 9:41 AM
DrPat said…
I intend to link to your site from mine (I blog books). This is the most singular concept for a web site that I've seen!

I first ran across your writings at BlogCritics.org, and am intrigued by the way you've tweaked Blogger to give your blog a customized "voice". I look forward to learning a lot from your site.
December 30, 2004 3:09 AM
Post a Comment

Popular posts from this blog

Financial Plan - Assumptions - 2

There is a slight change since yesterday. I will not fill the Assumption table in yesterday's post. Instead, I will discuss what each variable means. This way table is more meaningful, rather than mere numbers. Variables_Used_for_Assumption Units_Used Explanation_of_Variables Average Monthly Sales US $000s Here you can enter net sales value. Desired average finished inventory % of Sales Does not apply to Service / Distribution business. For Manufacturing business, this variable is % of sales. Cost of materials/goods As % Sales This value is set to zero for Service business and for Distribution it refers to the purchases/inventory for resale. Target materials/goods inventory US $000s This value is set to zero for Service business and for Distribution it refers to the purchases/inventory for resale. Average monthly direct costs US $000s It is set to zero for for Distribution business Average monthly overhead expenses US $000s Interest and Depreciation is not included Opening total co
Read more

The Circle of Information

First there was light, then there was a Light Bulb controlled by a switch, then came Internet and the light bulb was still controlled by a switch, finally Pervasive internet will come and control the Light Bulb. This is the vision of Pervasive Internet. This next version of Internet is destined to control : * Industrial - Capital Equipment, Automation & Control Equipment * Power - Meters, Distributed Generators, Electricity Grid and Pipelines * Healthcare - Medical Devices * Home / Consumer - Game Systems, Consumer Electronics, Appliances * Buildings / Facilities - Access Controls, Office Equipment, HVAC / Environmental Systems * Retail - Lighting & Refrigeration Systems, Scanners & Registers * Transportation - Vehicles, Airplanes, & Intermodal Transport This congregation of Internet with the smart devices will create a serious shift in the advancement of the digital revolution - forming a comprehensive "digital neural net". Imagine a large office building in
Read more

Brainstorming - RFID Discussion

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.
Read more