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Entrepreneur's Journal: Boost Your Consulting Business by Selling Software

Intuit logoRunning a consulting business can be a juggling act. It's not easy to manage a variety of accounts while also continuing to look for new business. And, in light of the tough economy, clients are looking for ways to cut back on services.

What to do? Well, you can try to find new revenue sources. And one interesting option is to sell software products.

Continue reading Entrepreneur's Journal: Boost Your Consulting Business by Selling Software

Entrepreneur's Journal: Bootstrapping a Business Is No Trivial Pursuit

When I was a kid, one of my favorite games was Trivial Pursuit. Although, I certainly had a tough time answering many of the questions. Ironically, that was the main reason I liked the game.

Of course, I was not alone. Since 1981, Trivial Pursuit has sold more than 20 million copies and has generated over $1 billion in revenues (Hasbro currently owns the rights). And yes, this got started during a terrible recession.

Continue reading Entrepreneur's Journal: Bootstrapping a Business Is No Trivial Pursuit

Boston Beer: The Little Brewery That Could

Boston Beer Samuel Adams logoIn a very interesting interview from The Wall Street Journal with Jim Koch, chairman of Boston Beer (SAM), the entrepreneur was asked about the future of craft breweries.

For those who are not familiar with the story of Jim Koch, he was a consultant in Boston who decided to brew a new beer and sold it to Boston bars. The little brewer that could proved that there was a niche for a smaller beer, and Boston Beer is now a publicly traded company. In fact, as the article points out, Mr. Koch "has helped foster a revolution in small-batch American brewing."

Continue reading Boston Beer: The Little Brewery That Could

Entrepreneur's Journal: Insuring Your Home Business from Disaster

Travelers logoAll in all, there are many advantages to a home business. For example, you have more time to spend with your family, you do not have to deal with aggravating commutes, and there is even the home office tax deduction. If anything, the overall costs should be lower -- making it easier to get traction for your business.

Yet, there are definitely considerable risks, which are often overlooked. But the good news is that smart insurance planning can provide sufficient protection. And the prices are affordable, costing as little as $500 per year.

Continue reading Entrepreneur's Journal: Insuring Your Home Business from Disaster

An Interview with America's Sexiest CEO: Hilary Rowland

Who is Hilary Rowland? Buisness Insider labeled her as one of the sexiest CEOs alive, while Wired magazine calls her the sexiest geek. But she is more than just a pretty face. Hilary started out writing a very early form of a blog, and then learned code and web design to create the first women's magazine online. She plans to re-launch the magazine in 2010 as Urbanette Magazine, which she says better describes the focus as "A magazine for the smart, stylish and successful urban woman."

BloggingStocks: What advice would you give to emerging internet entrepreneurs?

Hilary Rowland: I would say that they need a unique idea, and a solid revenue plan. Don't get discouraged. Starting a successful business takes more work than you think but it's doable if you have the will and determination to keep pushing yourself until you've reached your goal. Make sure you have a viable business plan that fills a gap in the market or is an innovative approach. Think everything out thoroughly.

Continue reading An Interview with America's Sexiest CEO: Hilary Rowland

Trump Joins Bondholders for Control of Casinos

The "Donald" did it again for the third time. Donald Trump joined with bondholders to gain control of Trump Entertainment Resorts and its three casinos.

Trump, the master of the game, offered bondholders the use of the Trump name on the three casinos instead of cash. In a bankruptcy hearing, Judge Judith Wizmur, ruled that: "The Trump brand is worth million of dollars to the debtors. The debtors identification with the Trump Organization raises its profile in the gaming industry."

Continue reading Trump Joins Bondholders for Control of Casinos

How to Effectively Gain Press: An Interview with Kerry Bannigan

Nolcha logoPR is a crucial element to any brand. With the ever growing online world it is important for brands to keep up with this factor and understand the power of online PR.

We talked to Kerry Bannigan, CEO of Nolcha: Fashion Business Services to discuss the power of PR, including keep up with the changes of industry and embracing online and technology into marketing plans.

Continue reading How to Effectively Gain Press: An Interview with Kerry Bannigan

Chasing Value: Apple Closing in on Berkshire

About five weeks ago, I posted Chasing Value: Berkshire Eating Up Apple -- Can It Continue? Today I thought I would take another peek to see how Berkshire Hathaway (BRK.B) and Apple Inc.(AAPL) compare now.

Both companies are led by much-admired iconic figures who standout for their extreme success and business leadership. Both Warren Buffett and Steve Jobs are practically worshiped by their shareholders, and for good reason -- both companies have added value during the past ten years, a time when most companies have not, and some are just not -- they're gone.

Continue reading Chasing Value: Apple Closing in on Berkshire

PC Pioneer, Ed Roberts, Dies

In the early history of the personal computer revolution, Dr. Edward Roberts is certainly a pivotal figure. In fact, he is considered the inventor of the PC.

Unfortunately, he died this week of pneumonia. He was 68.

Back in the mid 1970s, Roberts launched the MITS Altair computer. While it had limited capability, it still was a breakthrough.

Continue reading PC Pioneer, Ed Roberts, Dies

World's Dumbest Market -- Low Risk, High Reward

There has been little time to write lately because I have been wheeling and dealing in my investment world. However, I thought I would share one of the trades I did this week that seems like free money to me, and although the opportunity has faded a little I might do it again and you might want to examine this trade, too.

At the market open on Tuesday March 9, a good-til-canceled order filled -- selling to open Citigroup Inc. (C) January 2012 'puts' at a strike price of $7.50 -- paying $4.05. This transaction is commonly called a "naked put". The return on investment is 59% over the remaining 22-month period.

This is nuts because my break even position is $3.45 -- 20 cents a share less than it was the time of the trade and 60 cents less than the $4.05 (ironic isn't it) Citigroup is trading at now, as I type away.

Continue reading World's Dumbest Market -- Low Risk, High Reward

Magic Johnson in Talks to Buy Jet, Ebony Magazines

Magic Johnson is in talks to acquire Johnson Publishing Co., the parent company of magazines Jet and Ebony, as well as Fashion Fair Cosmetics.

An executive for the company confirmed to Bloomberg that there have been "discussions." A spokesman for Johnson told Bloomberg that the chairman of the company, Linda Johnson Rice, "has never talked to Magic Johnson with respect to his interest in buying."

Continue reading Magic Johnson in Talks to Buy Jet, Ebony Magazines

Dr. Dre Sues Death Row Records over Royalties

Hip hop legend Dr. Dre has filed a lawsuit against Death Row Records, claiming that the company hasn't paid him royalties and rereleased his 1992 album "The Chronic" without his permission.

The original Death Row Records was sold to WIDEawake last year in the wake of financial problems.

Continue reading Dr. Dre Sues Death Row Records over Royalties

Serious Money: Cheapest Stocks List Shrinks from 26 to 21

While most investors are fretting the markets recent contraction, you can be quite confident that "my pal Warren" has a smile on his face, as does Peter Lynch, Ken Heebner, Bill Miller, Bruce Berkowitz, and any number of fellow value investors that know now may be a time of opportunity. That is because they have the experience and understanding to pounce when they have a chance to buy things cheap.

This is the fourth installment of my series to discover just that: cheap stocks. If you would like to get on board from the beginning then review the initial post which screened for stocks with lower than market average P/E ratios, see Serious Money: Market Looks Cheap to Me -- 35 Stocks. In the second installment, I looked at yield and PEG ratios: Serious Money: Still Cheap Market -- 35 Stocks + Yields & Growth. Then I moved on to the the P/S and P/CF metrics in Serious Money: Cheapest Stocks Yet -- From 35 to 26, cutting nine stocks.

Continue reading Serious Money: Cheapest Stocks List Shrinks from 26 to 21

Entrepreneur Cashes In on Sarcasm

Now here's a stroke of genius! Notice we use an exclamation point for emphasis. We have a period, a colon, a semicolon, a question mark, but no punctuation mark to indicate sarcasm.

Enter Sarcasm Inc. What does Sarcasm Inc. do? For $1.99 the company will sell you their software that includes their special punctuation symbol for sarcasm. The software is compatible with most existing software, such as Microsoft (MSFT), Apple (AAPL) and Google (GOOG).

The company also sells T-shirts, mugs and mouse pads. They also have their own newsletter.

So now when you are being sarcastic, you won't need to use a "ha ha" or other words to describe your feelings. You just hit the sarcasm symbol and the receiver knows instantly what you are thinking, whether its nice of not.

Would you buy this software for $1.99?

Entrepreneur's Journal: How to Create a Billion-Dollar Company

From his apartment in 1999, Marc Benioff started a new-fangled software company, Salesforce.com (CRM). While there have been some missteps along the way, the company is a model of success. Today, Salesforce.com generates more than $1 billion in sales, is profitable and has a market cap of $9 billion.

How did Marc do it? Well, now we have a chance to find out. That is, he has written an excellent book about his experiences and strategies, called Behind the Cloud: The Untold Story of How Salesforce.com Went from Idea to Billion-Dollar Company -- and Revolutionized an Industry.

Continue reading Entrepreneur's Journal: How to Create a Billion-Dollar Company

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Last updated: May 21, 2012: 12:30 AM

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