I wouldn't wish 'Starting a business' on my worst enemy! It is extremely difficult. But if you can pull it off...the worst day working for yourself is better than the best day working for someone else!
It's just most small businesses fail.
The IRS estimates if you want to make $100K a year (the businesses that have 'made it') have invested on average, $300K.
The problem is that it's not a given. Just because you invest $300K doesn't mean you will make $100K. Again most fail.
Steve Jobs said, 'it is so difficult. At 20 I made my first million, at 21, 10 million and 22, 100 million.'
Me? I'm still working on my second million, The first million was too hard!
Best
Having owned and operated my own very small business for over 40 years, and learned a lot of "wrong ways" to do it I think I can safely say that the main reason that most businesses fail is not a lack of capital but rather, a lack of research. However, even research doesn't guarantee success.
Sorry, Jack, but that's a bit off. 1) Oprah Winfrey IS a celebrity. I don't want to discredit her entrepreneurial achievements, but her fame is what runs her business. 2) Steve Jobs, despite what both Apple and Windows fanboys may claim, does NOT inject his persona into his products. He's all but missing from the Pixar credits (they do not say, A Steve Jobs Production!) And he has never appeared in a single Apple ad. His name is nowhere to be found on any Apple products. Compare and contrast with Michael Dell, Hewlett-Packard, Ford, or Bose.
Absolutely right .... must be time for an Apple magazine with Steve's picture on EVERY FREAKIN' COVER ......NOT!
That is why it is here. TeckStud has earned his reputation based on his comments on products he never owns, and has no first hand experience with. His comments are equally unreliable as the articles posted here.
If you think the name is derogatory towards me then you must be homophobic. That name is neither appropiate nor inappropriate no matter how amusing you may find it- one way or the other.
Personally I'm neither insulted ot flattered as I could care less. But people like yourself need to grow up.
BTW-I have backed up all my comments- you just can't face facts.
Not sure if you're asking if my statement applies only in IN or if you're asking where in IN I'm from.
If it's the first: there is statistical formula to calculate a sample size that will be statistically valid, but a GENERAL rule of thumb is 30+. Otherwise, it's considered low base size, and results should be reviewed with caution. I work for a market research company and deal with this all the time. We don't report anything with a base <30.
If it's the second: about a half hour north of Indianapolis (Carmel).
Not sure if you're asking if my statement applies only in IN or if you're asking where in IN I'm from.
If it's the first: there is statistical formula to calculate a sample size that will be statistically valid, but a GENERAL rule of thumb is 30+. Otherwise, it's considered low base size, and results should be reviewed with caution. I work for a market research company and deal with this all the time. We don't report anything with a base <30.
If it's the second: about a half hour north of Indianapolis (Carmel).
"This is the seventh year that Junior Achievement has conducted the poll, which attempts to gauge teens' attitudes around business ownership. The survey was conducted by Opinion Research Corporation from August 20-24, 2009, and surveyed 1,000 U.S. teens ages 12-17 by telephone. The survey's margin of error is +/- 3.2 percent."
They had a 3rd party design and conduct the survey, which is exactly what the company I work for does. I guarantee they have in house statisticians (as we do) to determine the best survey format and reporting rules to make it as statistically sound as possible.
"This is the seventh year that Junior Achievement has conducted the poll, which attempts to gauge teens' attitudes around business ownership. The survey was conducted by Opinion Research Corporation from August 20-24, 2009, and surveyed 1,000 U.S. teens ages 12-17 by telephone. The survey's margin of error is +/- 3.2 percent."
They had a 3rd party design and conduct the survey, which is exactly what the company I work for does. I guarantee they have in house statisticians (as we do) to determine the best survey format and reporting rules to make it as statistically sound as possible.
Really, really inappropriate. This is the kind of garbage I'd expect to see on MacRumors or Neowin. Not here.
Stupid idea, whoever you are. You might not always agree with Teckstud, but this sort of name-calling and baiting is a new low. If you want to debate, then debate. That's par for the course. But this is just pathetic.
Okay, you obviously didn't read the name correctly. It has nothing to do with disagreeing with things said by Teckstud. I am not calling him a name. In fact, I believe he found the humor in the name. I have not called him any names nor am I implying anything about him with my name. In fact, while I certainly do disagree with some of the things he says, I also enjoy how irritated some people get by his posts - to the point where some resort to calling him names.
Maybe you also have a problem with the individual with the user name "gayforstevejobs?" That person is obviously calling out Mr. Jobs. You should stand up and defend Mr. Jobs' honor.
Now, if I told you to remove the stick from your arse, or get out of your mom's basement once in a while and mingle with the three dimensional people, that might be baiting.
If Teckstud has a problem with the name, I will gladly change it.
Comments
I wouldn't wish 'Starting a business' on my worst enemy! It is extremely difficult. But if you can pull it off...the worst day working for yourself is better than the best day working for someone else!
It's just most small businesses fail.
The IRS estimates if you want to make $100K a year (the businesses that have 'made it') have invested on average, $300K.
The problem is that it's not a given. Just because you invest $300K doesn't mean you will make $100K. Again most fail.
Steve Jobs said, 'it is so difficult. At 20 I made my first million, at 21, 10 million and 22, 100 million.'
Me? I'm still working on my second million, The first million was too hard!
Best
Having owned and operated my own very small business for over 40 years, and learned a lot of "wrong ways" to do it I think I can safely say that the main reason that most businesses fail is not a lack of capital but rather, a lack of research. However, even research doesn't guarantee success.
Sorry, Jack, but that's a bit off. 1) Oprah Winfrey IS a celebrity. I don't want to discredit her entrepreneurial achievements, but her fame is what runs her business. 2) Steve Jobs, despite what both Apple and Windows fanboys may claim, does NOT inject his persona into his products. He's all but missing from the Pixar credits (they do not say, A Steve Jobs Production!) And he has never appeared in a single Apple ad. His name is nowhere to be found on any Apple products. Compare and contrast with Michael Dell, Hewlett-Packard, Ford, or Bose.
Absolutely right .... must be time for an Apple magazine with Steve's picture on EVERY FREAKIN' COVER ......NOT!
Let's see...Steve Jobs, Mary-Kate and Ashley Olsen, Kimora Lee Simmons...
Clearly their sample was 1,000 anorexic teenagers.
That is why it is here. TeckStud has earned his reputation based on his comments on products he never owns, and has no first hand experience with. His comments are equally unreliable as the articles posted here.
If you think the name is derogatory towards me then you must be homophobic. That name is neither appropiate nor inappropriate no matter how amusing you may find it- one way or the other.
Personally I'm neither insulted ot flattered as I could care less. But people like yourself need to grow up.
BTW-I have backed up all my comments- you just can't face facts.
Most admired entrepreneurs or most admired 'thinspiration'?
Let's see...Steve Jobs, Mary-Kate and Ashley Olsen, Kimora Lee Simmons...
Clearly their sample was 1,000 anorexic teenagers.
Where- in Indiana?
Not sure if you're asking if my statement applies only in IN or if you're asking where in IN I'm from.
If it's the first: there is statistical formula to calculate a sample size that will be statistically valid, but a GENERAL rule of thumb is 30+. Otherwise, it's considered low base size, and results should be reviewed with caution. I work for a market research company and deal with this all the time. We don't report anything with a base <30.
If it's the second: about a half hour north of Indianapolis (Carmel).
Here's your valid sample size formula:
http://www.isixsigma.com/library/content/c000709a.asp (middle of page)
3% margin of error, 9 times out of 10.
Not sure if you're asking if my statement applies only in IN or if you're asking where in IN I'm from.
If it's the first: there is statistical formula to calculate a sample size that will be statistically valid, but a GENERAL rule of thumb is 30+. Otherwise, it's considered low base size, and results should be reviewed with caution. I work for a market research company and deal with this all the time. We don't report anything with a base <30.
If it's the second: about a half hour north of Indianapolis (Carmel).
Here's your valid sample size formula:
http://www.isixsigma.com/library/content/c000709a.asp (middle of page)
Cool.
But besides the size - from where it's taken is just as important.
From where it's taken is just as important.
Not sure what that statement means...
Here is more info about the survey:
"This is the seventh year that Junior Achievement has conducted the poll, which attempts to gauge teens' attitudes around business ownership. The survey was conducted by Opinion Research Corporation from August 20-24, 2009, and surveyed 1,000 U.S. teens ages 12-17 by telephone. The survey's margin of error is +/- 3.2 percent."
This was pulled from the Junior Achievement's website article related to the survey conducted (http://www.ja.org/about/releases/about_newsitem547.asp).
They had a 3rd party design and conduct the survey, which is exactly what the company I work for does. I guarantee they have in house statisticians (as we do) to determine the best survey format and reporting rules to make it as statistically sound as possible.
And here's the survey report: http://www.ja.org/files/polls/JA-Tee...al-Poll-09.pdf
Not sure what that statement means...
Here is more info about the survey:
"This is the seventh year that Junior Achievement has conducted the poll, which attempts to gauge teens' attitudes around business ownership. The survey was conducted by Opinion Research Corporation from August 20-24, 2009, and surveyed 1,000 U.S. teens ages 12-17 by telephone. The survey's margin of error is +/- 3.2 percent."
This was pulled from the Junior Achievement's website article related to the survey conducted (http://www.ja.org/about/releases/about_newsitem547.asp).
They had a 3rd party design and conduct the survey, which is exactly what the company I work for does. I guarantee they have in house statisticians (as we do) to determine the best survey format and reporting rules to make it as statistically sound as possible.
And here's the survey report: http://www.ja.org/files/polls/JA-Tee...al-Poll-09.pdf
Thanks for the links and the validity. That grouping of folks still seems odd though.
Uh, what? "gayforteckstud"??
Really, really inappropriate. This is the kind of garbage I'd expect to see on MacRumors or Neowin. Not here.
Stupid idea, whoever you are. You might not always agree with Teckstud, but this sort of name-calling and baiting is a new low. If you want to debate, then debate. That's par for the course. But this is just pathetic.
Okay, you obviously didn't read the name correctly. It has nothing to do with disagreeing with things said by Teckstud. I am not calling him a name. In fact, I believe he found the humor in the name. I have not called him any names nor am I implying anything about him with my name. In fact, while I certainly do disagree with some of the things he says, I also enjoy how irritated some people get by his posts - to the point where some resort to calling him names.
Maybe you also have a problem with the individual with the user name "gayforstevejobs?" That person is obviously calling out Mr. Jobs. You should stand up and defend Mr. Jobs' honor.
Now, if I told you to remove the stick from your arse, or get out of your mom's basement once in a while and mingle with the three dimensional people, that might be baiting.
If Teckstud has a problem with the name, I will gladly change it.
Thanks for your input.