Wednesday, August 24, 2011

breaking ground


Let's face it.  Starting a new business is hard.  

A stagnating economy makes it even harder.  Investors seek safe havens, banks hold back on small-business loans, and consumers spend less on products and services.  Under these conditions, some might say starting a new business is idealistic.  I disagree.

Entrepreneurship is necessarily optimistic.  It is a deliberate act of creation in light of the real possibility of failure. 
Only through the entrepreneur's calculated risk-taking does anything get done differently or better.  In that sense, the entrepreneur embodies the kind of American spirit that we need to get through our current crisis:

  • belief in the power of an idea to improve peoples' lives
  • confidence in oneself and one's team to make that idea a reality
  • initiative to plan, execute, learn, and innovate
  • humility to balance risk, return, and duty to coworkers and community
  • tenacity in the face of challenge and uncertainty

Successful entrepreneurs and small business owners, I salute you.  I aspire to put your virtues to work in my own enterprise and, in a small way, contribute to a clean & green American renewal.

This blog will be a case study in growing a small biz from the ground-up.  It will document my adventures (and misadventures) in choosing an idea, doing market research, creating a unique value proposition, branding, incorporating, developing a website, forging partnerships, financing, and more.

Here's to breaking ground!  Please subscribe to my blog and join the conversation.

5 comments:

  1. I'm very excited for you Pete! My best wishes for your success!!

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  2. Pete,
    Great idea!
    Check out the book at this link: http://www.madetostick.com/. I read sections of it. There is a section that discusses paying attention to consumer needs. It was about how the company that produces Hamburger Helper realized, through market research, that it produced too many flavors. As a result, parents were overwhelmed with the number of choices and couldn't remember which flavor their child would eat. Business improved when they limited the number of flavors they produced.

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  3. Thanks for the recommendation, Susan. "Made to Stick" sounds like a good read. It's on my list.

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  4. Pete,
    You're welcome. Bill Sanders at NCER told me about that book. Are you thinking of selling food items? If you are, the Weston A. Price Foundation at http://www.westonaprice.org/ would be useful to check out.
    Susan Emerson

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