Small Business Model Series

Businessecon.org

INTRODUCTORY SLIDESHOW

Click on the link above, and get a quick 4 slide show of how this site works.

A series of entries exemplifying the steps an entrepreneur takes from starting a business to selling the operation.  It is a step by step process addressing the multitude of business concepts every small business owner must face.  This is a 6 year example from Day 1 to the day the owner receives a check for selling his business.  Read this series as if it you were experiencing all of the trials, tribulations and joy of owning and operating a business.

Throughout the entries are links back to articles written about basic business principles any new business owner or entrepreneur should know and understand.  This series of entries teaches the new business owner about business via a created example of going into business and dealing with the day-to-day realities of ownership. 

SERIES:

  • Small Business Model Series Entry #1 – Getting an Idea

    So that’s it, I’m going to go into business for myself.  I want to own and operate a business of some sort and make some extra money.  Who knows, I could be the next Warren Buffett.  At age 27, I’m still young enough to have the energy to do the physical part and mature enough ...
  • Small Business Model Series Entry #2 – Narrowing the Idea

    Narrowing the IdeaThis entry is part of a series of entries exemplifying the steps an entrepreneur takes from starting a business to selling the operation. It is a step by step process addressing the multitude of business concepts every small business owner must face. This is a 6 year example from Day 1 to the ...
  • Small Business Model Series Entry #3 – Automated Teller Machines

    My first concern was making enough money given the labor input against the time invested.  In my first entry, I stipulated that in the long run I wanted to make at least $70 an hour for the services I rendered.
  • Small Business Model Series Entry #4 – Basic Research

    I spent a lot of time on the internet researching the industry as a whole.  There are about 220,000 machines in the US that are owned by non-banking companies and individuals.  So my first thought is that this is about 1 machine per 1,000 individuals (there’s about 220 million adults in the US/220 thousand machines ...
  • Small Business Model Series Entry # 5 – Whew!

    The article explains that I really need to break my thoughts down into the ‘who’, ‘what’, ‘where’, ‘when’ and ‘how’ of doing this.  Based on my thinking so far, I’ve completed the ‘who’ and ‘what’ parts.  So I’m actually on the right track here working on the ‘Where’ aspect.  I decided to follow the article’s ...
  • Small Business Model Series Entry #6 – Number Crunching Time

    While I wait on family and friends to send me information on the location of ATM’s, I decided it is time to do some preliminary number crunching.  My initial introduction to this illustrated a very good return.  I’m really interested in determining if I can make some real money or will this be nothing more ...
  • Small Business Model Series Entry #7 – Location, Location, Location

    Location Location LocationThe e-mails keep coming.  A few days ago I asked my friends and family to be on the lookout for ATM’s.  I describe the difference between a bank owned ATM and an independent ATM.  I was strictly interested in the independents.  I wanted to know exactly where the ATM is located, the name of the ...

 

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