Comments on: The Entrepreneurs Action Toolkit: Turning Lemons into Lemonade http://www.zoomstart.com/the-entrepreneurs-toolkit-turning-lemons-into-lemonade/ Start Something Thu, 04 Dec 2008 04:09:34 +0000 http://wordpress.org/?v=2.6.1 By: Shane http://www.zoomstart.com/the-entrepreneurs-toolkit-turning-lemons-into-lemonade/#comment-1902 Shane Tue, 04 Sep 2007 22:57:18 +0000 http://www.zoomstart.com/the-entrepreneurs-toolkit-turning-lemons-into-lemonade/#comment-1902 Hey Nicholas, That's true. A lot of entrepreneurs tend to just jump right in. If you can spot a winner a mile away and execute the the idea, it's pretty easy to create a successful venture. The next best thing is research, research, research! And if you're going to put a significant amount of capital into the venture, research is an absolute must. Hey Nicholas,

That’s true. A lot of entrepreneurs tend to just jump right in. If you can spot a winner a mile away and execute the the idea, it’s pretty easy to create a successful venture.

The next best thing is research, research, research! And if you’re going to put a significant amount of capital into the venture, research is an absolute must.

]]> By: Nicholas Aaron Khoo http://www.zoomstart.com/the-entrepreneurs-toolkit-turning-lemons-into-lemonade/#comment-1884 Nicholas Aaron Khoo Mon, 03 Sep 2007 11:13:47 +0000 http://www.zoomstart.com/the-entrepreneurs-toolkit-turning-lemons-into-lemonade/#comment-1884 Great post! I also believe that you must always do your research, in whatever form, to understand how well your business will fare. You may have a killer product, but only a small market willing to buy it at a low price. Great post! I also believe that you must always do your research, in whatever form, to understand how well your business will fare. You may have a killer product, but only a small market willing to buy it at a low price.

]]> By: Freelance Folder » 2007-08-19 - Sunday Links Folder http://www.zoomstart.com/the-entrepreneurs-toolkit-turning-lemons-into-lemonade/#comment-1701 Freelance Folder » 2007-08-19 - Sunday Links Folder Mon, 20 Aug 2007 07:02:05 +0000 http://www.zoomstart.com/the-entrepreneurs-toolkit-turning-lemons-into-lemonade/#comment-1701 [...] The Entrepreneurs Action Toolkit: Turning Lemons into Lemonade [...] [...] The Entrepreneurs Action Toolkit: Turning Lemons into Lemonade [...]

]]> By: Shane http://www.zoomstart.com/the-entrepreneurs-toolkit-turning-lemons-into-lemonade/#comment-1581 Shane Mon, 13 Aug 2007 22:19:22 +0000 http://www.zoomstart.com/the-entrepreneurs-toolkit-turning-lemons-into-lemonade/#comment-1581 Hey Andy, Thanks. Selling early (selling first, before buying) is one of my business mantras. It's a really difficult one for most people to grasp because it's seems illogical to sell something you haven't purchased or built yet. The most successful people in business sell before they buy every day. I think G-mail's by-invitation-only signup was absolute genius. A lot of social networking sites are doing the same thing these days to build the pre-launch buzz. Hey Andy,

Thanks. Selling early (selling first, before buying) is one of my business mantras. It’s a really difficult one for most people to grasp because it’s seems illogical to sell something you haven’t purchased or built yet. The most successful people in business sell before they buy every day.

I think G-mail’s by-invitation-only signup was absolute genius. A lot of social networking sites are doing the same thing these days to build the pre-launch buzz.

]]> By: Andy http://www.zoomstart.com/the-entrepreneurs-toolkit-turning-lemons-into-lemonade/#comment-1575 Andy Mon, 13 Aug 2007 10:17:05 +0000 http://www.zoomstart.com/the-entrepreneurs-toolkit-turning-lemons-into-lemonade/#comment-1575 Yet another perfect post! I particularly agree with sell early. The best startups start promoting and signing up beta testers long before they're ready Yet another perfect post! I particularly agree with sell early. The best startups start promoting and signing up beta testers long before they’re ready

]]> By: Shane http://www.zoomstart.com/the-entrepreneurs-toolkit-turning-lemons-into-lemonade/#comment-1568 Shane Sun, 12 Aug 2007 22:14:11 +0000 http://www.zoomstart.com/the-entrepreneurs-toolkit-turning-lemons-into-lemonade/#comment-1568 Hey Martin, Ah, the dreaded 'P' word. I'll try to write something about this soon. Procrastination has to be stopped (as ironic as that is)! haha Hey Martin,

Ah, the dreaded ‘P’ word. I’ll try to write something about this soon. Procrastination has to be stopped (as ironic as that is)! haha

]]> By: Shane http://www.zoomstart.com/the-entrepreneurs-toolkit-turning-lemons-into-lemonade/#comment-1567 Shane Sun, 12 Aug 2007 22:09:33 +0000 http://www.zoomstart.com/the-entrepreneurs-toolkit-turning-lemons-into-lemonade/#comment-1567 Robin, Thanks for sharing your story. It's really easy to get distracted by the money you make with a successful startup. I've seen a few entrepreneurs start brilliant ventures, and as soon as they make a few bucks their focus is on the money in their pockets instead of the business. Happens a lot to young entrepreneurs on their first venture. Robin,

Thanks for sharing your story. It’s really easy to get distracted by the money you make with a successful startup. I’ve seen a few entrepreneurs start brilliant ventures, and as soon as they make a few bucks their focus is on the money in their pockets instead of the business.

Happens a lot to young entrepreneurs on their first venture.

]]> By: LOVE this article! http://www.zoomstart.com/the-entrepreneurs-toolkit-turning-lemons-into-lemonade/#comment-1563 LOVE this article! Sun, 12 Aug 2007 17:49:42 +0000 http://www.zoomstart.com/the-entrepreneurs-toolkit-turning-lemons-into-lemonade/#comment-1563 The ability to turn lemons into lemonade is one of life's greatest gifts. I LOVE the way you tied this into business and very simply, at that. At the same time, your point about not not flogging a dead horse was very well stated, as well. No use sucking on lemons just for the fun of it! The ability to turn lemons into lemonade is one of life’s greatest gifts. I LOVE the way you tied this into business and very simply, at that. At the same time, your point about not not flogging a dead horse was very well stated, as well. No use sucking on lemons just for the fun of it!

]]> By: Online Community Building http://www.zoomstart.com/the-entrepreneurs-toolkit-turning-lemons-into-lemonade/#comment-1562 Online Community Building Sun, 12 Aug 2007 16:31:16 +0000 http://www.zoomstart.com/the-entrepreneurs-toolkit-turning-lemons-into-lemonade/#comment-1562 Avoid procrastination and keep it simple - perfect advice. Now, can you give me a fool proof way of avoiding that 'P' word?!? - Martin Reed Avoid procrastination and keep it simple - perfect advice. Now, can you give me a fool proof way of avoiding that ‘P’ word?!?

- Martin Reed

]]> By: Robin from FW http://www.zoomstart.com/the-entrepreneurs-toolkit-turning-lemons-into-lemonade/#comment-1556 Robin from FW Sun, 12 Aug 2007 10:24:52 +0000 http://www.zoomstart.com/the-entrepreneurs-toolkit-turning-lemons-into-lemonade/#comment-1556 Good post Shane, I also believe one can have entrepreneurial instinct but lack a plan, focus and vision. I am talking about myself here. Way back in early 80's when potato chips were just about beginning to become popular, me and a friend started a chips factory (small scale) branded it as GoldWafeez. It was an instant hit in the local market, trust me, we couldn't cope with the demand. We were having a ball, saw ourselves as future potato kings. But we both lacked focus and a plan and a Mentor. We had different plans on what to do with our lives and looked at GoldWafeez just a stop gap arrangement. Today when I look back I truly believe we could have been potato kings, last when I spoke to him he mentioned that we should have stuck onto our project. Anyway no regrets on that, I am pretty happy with my life as it is and so is he. P/S This wasn't the only project I started and didn't stick to it. Gives me an idea, I should make a post on this. Take care mate and cheers. Good post Shane, I also believe one can have entrepreneurial instinct but lack a plan, focus and vision. I am talking about myself here.

Way back in early 80’s when potato chips were just about beginning to become popular, me and a friend started a chips factory (small scale) branded it as GoldWafeez. It was an instant hit in the local market, trust me, we couldn’t cope with the demand. We were having a ball, saw ourselves as future potato kings.

But we both lacked focus and a plan and a Mentor. We had different plans on what to do with our lives and looked at GoldWafeez just a stop gap arrangement. Today when I look back I truly believe we could have been potato kings, last when I spoke to him he mentioned that we should have stuck onto our project. Anyway no regrets on that, I am pretty happy with my life as it is and so is he.

P/S This wasn’t the only project I started and didn’t stick to it. Gives me an idea, I should make a post on this.

Take care mate and cheers.

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