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How do you decide on what you next venture is?



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How do you decide on what you next venture is?

Some people get it right the first time and have a successful website that occupies most of their time. But like most of us, we are always grinding in order to find that golden goose so we can be rich down the road How do you decide on what you next venture is?


So how do you pick your next business venture?

For me I always write down ideas and save them in a file on my computer titled "New Website Ideas" and whenever I'm ready to get something going, I'll go into that file and pick what I think can be done quick. Most of the time the new websites will take a month to get off the ground, but that's pretty typical since I don't market a website and fix things as people report the bugs lol How do you decide on what you next venture is?

Some of my ideas I fixate on more than others. I'll always go back to them and update the files to make them even better so that when I do start them up I don't have to explain much to people that I bring in to help. For example, I have one website in the making and all I did was email my programmer and designer a text file that I've been writing in for the last 8 months. They read over everything and knew exactly what they had to do. And since I've been tweaking the file for so long to make everything more clear and the outcome even better, my programmer and designer didn't have many questions for me.

I would suggest that everyone do this as well because it works well. Think of it as a journal but you're updating the same files every time you write an entry How do you decide on what you next venture is?


So do you guys and girls do the same thing, something similar, or something completely different?

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idealmike
I sort of do that same thing Raz! I have a notepad file saved in my docs folder that is called "Projects". Some of which I've launched and then later on flipped. Some I've sort of started on but been held back by other things like time restraints or needing something else in place first or needing to do more research etc. Some that I haven't yet even begun looking into more and starting work on due to once again being slightly restricted by time. Sometimes I wish there was more hours in the day that would surely help me get these out into the ether!

I also have some ideas for projects in my head as well which I've carried around with me for a long time and don't want to put them in my "Projects" file simply because they're so top secret that I don't want anyone to ever see them and get their hands on them! How do you decide on what you next venture is?

But it really helps to get them down on paper in ink so to speak if you're serious about getting them launched off the ground because you can write down things that the site might need to get started and later on down the line too. Plus as you've pointed out in case you need to delegate any tasks to people they can know what they have to do and why rather than guessing.



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Lynne
Mike it sounds like you also have some time constraints there. Imagine we had a massive team of people under us, people that were highly skilled and 100% trustworthy.... so that time was no issue and we could just delegate knowing that these people would do the job with as much enthusiasm and loyalty as if we did it ourselves?

The Sky Would Be The Limit & The World Would Be My Oyster.



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idealmike
Oh in a perfect world Lynne. In a perfect world. That would be possible and amazing. Alas, real life is not like that. It's not even easy to find someone you can rely on and trust in not to steal your idea and start their own version of it. That's another reason why I sometimes don't delegate certain task to people for my website ideas and projects until I've got them firmly bolted to the ground first! How do you decide on what you next venture is?



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Lynne
Exactly, I really related to what you said there about not writing your ideas down. You know I have had so many people talk to me about their ideas and then when I tell them to be quiet and not talk about their business ideas they look at me like I am the crazy one.

You are so right there are so many unscrupulous people that will steal your ideas and screw you over! I've seen it happen so often and it is so sad.



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EliteWriter
That would be jsut awesome! It would remove all the stress and worrying about having little time, and it would also enable you to be much more profitable. Unfortunately time constraints are the main enemy for many freelancers. I so wish I had more time available, or that a day had more hours in it! Or that as you said I had a team of people who would be able to think and work with the same skills and work ethic that I have. However, sadly, that is only possible in a perfect world as you pointed out Mike!



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TommyCarey
That would be amazing How do you decide on what you next venture is? We could all get our ideas off the ground and not worry about getting anything stolen from us How do you decide on what you next venture is?

I'm actually talking to one programmer now. She's in India, is very fluent in English, and doesn't charge a ridiculous amount per project. Once she's done doing some work for me I may have her do a lot more How do you decide on what you next venture is? I wouldn't mind sharing her info with you guys, as long as she's done with my work ;) lol



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Lynne
Well I do everything myself. It would be so nice to be able to write down what I want and pass it down the line of command. I had an employee once... and it was a scary event. One that I am too scared to try again, well at least for a long, long, long, long time.

I don't feel I will ever trust anyone ever again with my business after that. I am going to start outsourcing some of my work soon to some of the freelancers here and I think that will be easier for me.



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EliteWriter
I have trust issues as well. Several years ago I used to work in a team and delegated a good part of the work. However I realized that it is practically impossible to find someone whom you can truly trust. I only ended up dealing with people who were inefficient, outright lazy and I could not even trust them with keeping to a deadline. I only had problems and ended up doing double the work as proofreading was necessary more often than not. So they were basically being paid for nothing. The result - more work for me, less time, AND more frustration!



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Lynne
Yes! And you know what? I don't mind people that are a little intellectually challenged or the people that work a little slower than me... what I can't handle are the lazy buggers. The ones that purposely work slowly to make you do the bulk of the work... or even worse the people that do a terrible job even though they have the ability to deliver outstanding work, but they just can't be assed to do it... then you have to do it all over again. And doing work all over again often takes 3 times longer than it would just to do the job yourself in the first place.

Sorry for the rant... but I can't handle lazy people that do a shitty job.



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EliteWriter
We agree on that! It does take much longer than if you had to do it yourself. Just imagine - I had these kinds of situations very often. You assign a batch of articles, and you give a deadline. Despite the fact that they were given several days sometimes even a whole week, the day arrives and still nothing... you message them - no reply. After several messages, you finally get a reply - they are not ready yet! How come? Because they do not care! I then end up doing it all myself, and to that you would need to add up all the time that was wasted in waiting, explanations and messages.



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Lynne
Exactly! I like people to work like I do. Start working immediately, not loaf off or procrastinate, and do a damn good job, not a slapstick job started at the last minute.

I don't mind at all when someone really gives it their all and maybe the job is not so great.... it is a different thing entirely and I would rather give a person like that the job.



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TommyCarey
Partnering up is more of a route I would prefer to take over hiring employees to do work. At least if you have a partner you can guarantee that he or she won't go off on their own use your idea on a new domain. Obviously you'll need to have a contract in place in order to avoid this, but that's pretty standard.

If you do end up hiring an employee to do the work, there's not guarantee that they will be invested in the project. Whether they're invested or not, you should always have them sign an NDA agreement as well as a No Compete agreement. Make the No Compete agreement last for 100 years lol How do you decide on what you next venture is? The standard time is around 5 years, but I think that's too soon. 100 years will guarantee they don't steal your idea and run with it. The only problem with this is that people can share your ideas with friends and those people can run with it. If you can't link your employee with the competition, you can't do anything How do you decide on what you next venture is?



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Lynne
Oh my gosh, I didn't even answer your question! I went off on a completely different tangent lol.

I have so many ideas that I want to get off the ground one day, but I just don't have the time. I also have a file, or rather files with ideas in.

Oh it would be so great to be able to get there one day, they are awesome ideas but I just don't think I will get there.

So far with my websites I have gone with what I am passionate about, my 3 main interests are done. So even though I have loads more ideas for more things to try out and get started the main ones I am busy with already.



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Webguy2024
Hi Razzy,

First thing that happens with me is an idea! From there I work on figuring out the complete model from beginning to end. I run many scenarios to identify the following and more: technology needed, business environment, SWOT analysis (Business Strengths, Weakness, Opportunities & Threats), business plan, marketing plan and a lot more. Feedback is Key: I also discuss my idea with family, friends and colleagues to get feedback and their point of view. I pay special attention to their concerns so, I can address problems and fix them.

I find that going over these elements repeatedly in my minds eye is a great problem solving technique and opens up a whole new set of ideas and models that that I add to the original idea. I have to say that before I start a new venture the process of me going over and over an idea has happened hundreds maybe even thousands of times. It is quite tiring but it helps increase your chance of being a success and can help you avoid missteps once you do launch a new venture. I always striving to build a disruptive technology or a model that transforms and industry. This way in the very least you can sell and idea through private equity firms that specialize in business acquisitions and are experts is valuations for intangible assets, such as technology.

Once all the initial planning work is complete, I execute on the idea as planned.



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EliteWriter
I think that is a great idea Razzy. Sometimes great ideas come at the most unexpected times. If you do not make a note of them, you end up forgetting all about them, which would be a pity. Not having time to bring an idea to action at the moment does not mean that it is not going to be viable in a few weeks time when you have more time or are able to see to it and devote proper time and attention to it. This applies in everything, even for article ideas, and I like to do this too.



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anwebservices
I usually have more ideas then i have time to realize all of them How do you decide on what you next venture is? so there is always something on "to do" list How do you decide on what you next venture is? Sometime i am not sure how to implement one of my ideas, but occasionally i see someone else doing something similar, so i just reinvent it with my idea and do it my way which is probably better way as i think so. Sometime i also working on my ideas for long time to think how to do it best or easiest way, resaerching on internet etc... Everything starts with good idea anyway. After you work on it, make calculations and implementations....



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TommyCarey
I'm kind of in the same boat lol. I have more ideas than I have time How do you decide on what you next venture is?



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hitmeasap
Well.. I have ideas. And I get a bunch of new ideas each day so that's not a problem for me.. My biggest problem is to find time to do something with my ideas.. I often work with several things at the same time and I know that's not the best solution for me.. Even though I have a team of people who'll do whatever I tell them to do, it's still hard to find enough time to do something with my ideas.. How do you decide on what you next venture is?

I think I do things a bit wrong actually. I get hooked on something and spend as much time as I can with that specific thing, for a few hours or a few days, tops. Then I'll need to go back to my regular things again.. So it's a struggle, but I'll come up with something sooner or later.. How do you decide on what you next venture is?

Best Regards,
hitmeasap



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MusicMoguls
i would take all my options into consideration, you have to know what your good at and what you have trouble with you know, once that is figured out feel free to branch out in to other areas were you feel you could expand your self on, for example if you know a lot about car then make sure to find something that you can take full advantage of like selling car parts or something i do not believe in to just jumping into something new but do believe in branching out in to things you already know , as long as you apply your self sky is the limit



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/opt/clerks-staging/docroot/libraries/adodb5/adodb.inc.php 1899 CacheExecute() insert_GetFaqCategories()

Invalid SQL

count(*)sql1error_msg

Expensive SQL

Tuning the following SQL could reduce the server load substantially
LoadCountSQLMaxMin

Suspicious SQL

The following SQL have high average execution times
Avg TimeCountSQLMaxMin
0.1060111SELECT COUNT(A.wantid) AS total FROM wanttobuy as A, categories_wanttobuy B, seoclerks.members C WHERE A.active = 1 AND A.category = B.CATID AND A.USERID = C.USERID AND (A.tags LIKE '%Eyecatching%' OR A.skills LIKE '%Eyecatching%')0.1060110.106011