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STARTUP.com is a masterpiece documentary because of how it accomplishes the virtual aspect of how difficult it is to not only maintain a business but also a long lasting friendship. First let me start off by saying that the easiest thing about starting a business is the “IDEA”. Everyone can come up with ideas on a basic concept that people seem to need, how they will go about fulfilling this need and etc. However again that is the easy part, the difficult part would have to be maintaining this business, keeping it alive/fresh and constantly coming up with new aspects to make their product better than the competition. This is exactly where Kaleil and Tom went wrong.
STARTUP.com is the story of two best friends since a very young age coming up with an idea of basically paying traffic tickets and registering vehicles online! Kaleil Isaza Tuzman, a savvy business man who left his job at Goldman Sachs felt this idea would be the one that would fulfill his need of money for the rest of his life, and decided to do whatever he could to try and make this idea into a realization. He would later become in charge of all business aspects of the company and C.E.O. Tom Herman, the other half of this project was just in need of money and fast, for he had a daughter that he was unable to take care of. Tom would later become in charge of the technical aspect of the company and C.E.O. This product idea would soon attract a couple of other people to the point where they would even invest their own money just to see this happen. The product would later be named Govworks.com. ...
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... idea and were clueless as to how to run that idea to its full potential.
Watching this video has taught me a lot of aspects to the business side of life. It is never easy to run a business, especially one with such high potential. I also know that the most important part of a business, and I can’t stress this enough, is the due diligence. Before entering into a market, you need to understand all aspects and understand how you will be presenting your product. Presentation and unified message is everything to an investor and I feel that by watching STARTUP.com, I learned a bunch of details which I did not know before. Govworks is an excellent learning experience to acknowledge how tough the real world is.
This video was about making a clearer and more interesting introduction. It was effective as the woman talked about the different levels of an introduction and how it should be presented. The diagrams and examples were very useful.
The most important aspect of the Ted speech presented by Swartz is that it provides business owners and future entrepreneurs with a different perspective as to how to grow their company’s
Penttila, C. (2007, March) [Brain Storm] Big Ideas. Entrepreneur, p.62 Retrieved 6th March, 2014 from http://www.entrepreneur.com/magazine/entrepreneur/2007/march/174688.html
formed project teams to look into issues and make suggestions on how to make it better. The
also just getting on its feet. It was founded by Steve Jobs and Steve Wozniak
Millionaire entrepreneur Kevin Rose may not be as well-known as founder of Facebook, Mark Zuckerberg or Twitter’s founder Jack Dorsey, but he has been influential in the tech sphere for many years. Through his diverse career, Rose has exhibited many entrepreneurial traits ranging from calculated risk taking to the ability to see an opportunity in the market.
New online retail brand e.g. Amazon, Lastminute.com - Essentially these companies could not have been conceived without the creation of the Internet. New companies sprang up as the Internet began to be adopted. Entrepreneurs were investing heavily in all sorts of start-ups. Some were successes, most were not. [pic]
BillCutterz.com came into existences at the encouragement of a friend Mindy Niles, who recognized Barry Gross negotiating skills when he was able to reduce her cable bill by 50 percent. She suggested that he should turn his skill into a business. It was from this idea that BillCutterz.com was founded in May 2009 by Barry Gross.
When eBay purchased PayPal for 1.54 Billion dollars, Chad and Steve received large bonuses for carrying their weight in the development of the company. With the money they received, the two young entrepreneurs set off to create their own business. They decided with Steve Chen’s engineering skills, and Chad Hurley’s creative mind, they could form a company together that would sky rocket. They took the money and some hope and started what is now YouTube.com. They both had financial doubts, but they knew it would be a success and never gave up.
An entrepreneur is someone that starts up their own business. Mark Zuckerburg became an entrepeneur because of his social networking site called Fackbook. It all started in his college dorm in 2004 at Harvard University. He made a website called Facesmash for Harvard students only. This site let you vote on which two students from Harvard were “Hot or Not”. Then he started making “TheFacebook”, which was the name of facebook when it started.Soon he soon changed it to just “Facebook”. A man named Peter Theil was the first to invest in the company for 10.2% of the company. Zuckerburg branched out to more private schools, then next thing you know the site was all over the U.S. They made their money by letting ads be on the site. The companies pay facebook to put ads on the site, then Facebook makes money. The company went public in 2012 to the stocks. This was big. They would make even more money. It was risky, but Zuckerburg did it.
some of the ideas didnt work so we forgot them and came up with new
In fact, he came up with another project after PayPal, which was Yelp, the gripe and review site which is worth about $5.4 billion, and then there was Slide, a social gaming site that Google bought in 2010 for an estimated $200 million (Rivlin,
Starting and maintaining a successful business is the dream of all entrepreneurs. Today’s advancements in technology have created new opportunities for business owners to get closer to this dream. The Web has been the most effective tool in creating new opportunities for business owners. An entrepreneur should be more successful by starting, marketing, and operating a Web-based business.
find it difficult to set up a business and make it a success. This is
We learned a lot of things in this course, but I think the most important lesson I learned is that it’s not easy to be an entrepreneur. I was surprised to hear in the first class that 80% of startups fail, but after reading The Art of Start and E-myth Revisited I understood why this happens more often than one might expects. Some people start their own businesses for the wrong reason and some start with wrong mindset. I’ve always thought that if someone has a brilliant business idea and hardworking they will succeed and grow their business. However, now I know that there are many things to consider before starting any business. In fact, there are many strategies that an entrepreneur could follow to achieve success, such as know your customers, work “on” the business, and how