Broke Tycoon
Buy, Learn , steal, and borrow: Effective business and marketing techniques for Entrepreneurs with lesser means or on a budget
Archive for the ‘Risk Taking’ Category
4 Tips for Reducing Chargeback Risk at Your Small Business
In: Business Tips| Risk Taking
16 Jul 2010Many entrepreneurs have nightmares about chargebacks: when a customer disputes a charge on their credit card, usually due to fraud concerns. The good news is that although chargebacks can be annoying, they are usually a very small percentage total transaction volume—0.015%-0.025% of total credit and debit transaction volume is charged back. Here are some useful tips [...]
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- Tags: Business, charge backs, chargebacks, credit card, customer, TransFS
Dealing With Business Critics
In: Broke Tycoon| Business Tips| Entrepreneurship| Personal Development| Risk Taking
10 Feb 2010So you’ve been telling everyone about this genius idea you’ve got, obviously your mum, dad, and other family members tell you what you want to hear. But what about the others? The ones who genuinely think your idea is not that great after all and your missing a big piece of the puzzle, or the [...]
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- Tags: Critics, Envy, idea, Risk
5 Reasons you SHOULDN’T keep your job when starting up
In: Business Tips| Job| Risk Taking| Start Up
17 Dec 2009Hypocrisy feels weird, like Pam Anderson’s asymmetrical silicon filled twins. The reason I bring up hypocrisy is that my astute readers would have noticed the immense emphasis I’ve put on retaining that treacherous 9 to 5 while making the transition to be your own boss. But remember that famous Einstein saying that says: insanity is [...]
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- Tags: Business, Jobs, Risk, Start Up
Reality Check: 4 things you need to settle before you startup
In: Business Tips| Risk Taking| Start Up
12 Dec 2009Before jumping into the immensely unstable waters of starting a business, you should have a checklist; sort of like life preservers to keep you afloat in case your business happens to run head first into an iceberg. Here’s what mine looks like:
1) A basic business plan:
You can never go wrong when you go simple. Although [...]
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- Tags: Business, Risk, Start Up
Taking The First Step
In: Business Tips| Risk Taking| Start Up
7 Nov 2009Alright, you’ve finally convinced yourself you can be the next Mark Zuckerberg, and you’re tired of lining the pockets of another man. Your idea has been meticulously generated and has the potential of draining down the competitors, like a sink in an industrial kitchen( you know,the drains with the blades in them). I’m glad you’ve [...]
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- Tags: Business, First Step, Risk, Start Up
5 questions to ask yourself before you start a new business
In: Broke Tycoon| Risk Taking| Start Up
19 Oct 2009So you’ve finally mustered up the courage to start your own business, it’s an adrenaline rush I hope everyone gets a chance to experience, it’s also very tough. You should ask yourself these questions before you fully commit.
1) Do I have an Idea that will appeal to a market that I can define and then [...]
Business Tips From An Unusually Smart Dog
In: Risk Taking| Start Up
12 Oct 2009I would love to say my dog is unusually smart, but unfortunately he’s not the dog I speak of; alright he might be able to perform a few tricks like sit, down, lick the wax out of my ear, and wipe me down with your spit. But this other dog is one of a kind, [...]
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- Tags: lassie, negotiation, opportunity, Risk
Special Report: US best young entrepreneurs of 2008
In: Personal Development| Risk Taking| Start Up| Young Entreprenuers
2 Oct 2009I know I’m a little late with this, but I want to review this topic again to inspire broketycoon members and all my single serving visitors.
ABP Software
Brian Pedone, 25
www.abpsoftware.com
Stroudsburg, Pa.
Brian’s a” double threat”, his got brains and his got strength. He is the founder of ABP Software; a software developing firm and Pedone’s Heavy hitter [...]
A cowards guide to taking intelligent risks!
In: Risk Taking
21 Jul 2009All risks are not created equal, some risks are just plain dumb; only a fool would bet against Tiger Woods. An intelligent risk is one where its potential downside is limited, but the potential upside is virtually unlimited (Steve Pavlina) . See the mistake we make is giving the word risk a negative connotation. The [...]
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- Tags: Intelligent, Risk
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- Jimi Olaghere: Yea, all you need with your idea is a bit of hard work [...]
- Finley Mitchell: the best way to become a millionaire is to become an entrepreneur;"~ [...]
- Jimi Olaghere: Thanks Ernesto, it easy to forget the basics are what really works. [...]
- Ernesto: I like this. It's like a "let's get back to the basics" type of post. Yes, if someone labels you [...]
- Jimi Olaghere: Honestly just get the iPad, although it has it's shortcomings you would be pleased with it. [...]
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