Friday, July 22, 2005

Entrepreneurial efforts

I've noticed that personal finance blogs seem to fall into two categories: those who are trying to do the best they can on a fixed salary, and those who have ideas for new businesses or money-making ventures. I generally do not have an entrepreneurial bone in my body-- exactly once in my life I stumbled on a great idea for a business, wrote up a lot of plans and notes and got all gung ho about it, but then I just kind of let it go. It was exciting at first but then it seemed really risky and crazy (not least because it would have required me to move to a remote foreign country). Maybe I'll come back to it someday, but I kind of think I am just not that kind of person.

I was in the laundromat one day and a man walked in with a doorknob/lock kit, asking if anyone would like to buy it. This was probably not the best example of targeting an appropriate market: everyone said no, so he left, saying "you can't blame a brother for trying."
I'm not sure what the moral of that story is...

4 comments:

GrooveSocks said...

http://news.yahoo.com/s/nm/20050721/hl_nm/weight_wealth_dc

check out this article. thought you may want to post it or comment on it or something.

Karen said...

I think that is the link I found too, about the relation between weight and wealth. Was very interesting to me, I actually linked it on my blog. I need to pay off debt and lose weight.

Yeah I too am not the type of person comfortable w.taking any major risks ~ I'd much rather try and guesstimate what I know I have and can do with it, make myself comfortable.

Madame X said...

Thanks for the tip--It is an intersting issue. The more money you spend on food, the more you may gain weight, as Karen wrote about. I have seen a direct connection in my own life-- more dinners out, slower growth of net worth, faster growth of waistline, more spending on larger size clothes!
But I think there are a lot of factors-- for instance, the less money people have, the harder it is for them to eat healthier foods like fresh fruits and vegetables instead of fatty fast foods.

Madame X said...

I just realized it was not Karen's blog, it was this one that posted a comment about the relationship between money and weight, in particular the way choices you make now can influence your future:
http://www.katespillsthebeans.com/index.php?shard=blog&action=g_permaPost&ID=95