In an effort to increase my productivity, I am will begin using this blog as a journal for my entrepreneurial ventures.
Top 4 goals for this year:
- Get accepted into Babson College to study entrepreneurship (I will know if I am accepted on January 15th)
- Achieve over $80,000 in revenues from all ventures
- Achieve over $60,000 in profits from all ventures
- Have each venture 85% automated or sold before starting classes in September
Three days into the new year and I am having doubts about some of my current projects.
SmarterDrinker.com is still in its development phase. Yes, it has been in development for over a year. I am very uneasy about the possibility of success for SmarterDrinker.com because of the state online advertising. Revenues have been decreasing since tech bubble in the late nineties. If I plan on selling one or two ventures in the first half of the year, SmarterFootball.com will definitely be one of them.
2DollarFantasy.com is a new fantasy football website I am putting together. There is not much information online for dynasty auction fantasy football leagues. I am building this website with hopes that I will create over 1,000 loyal followers that will be willing to pay $4 per month for access to the website. Not only is this a niche website with devoted followers, but it is also a passion of mine. If I can charge $4 per month and find 1,000 subscribers, I will come very close to achieving my goals for the year.
I had an idea for a Fraternity Recruiting Book for some time. I started writing my story a few months ago. I write approximately 10 pages and used my work to facilitate a seminar for members of Phi Sigma Kappa this past summer at the annual convention. Reading an internet marketing book the other day, I had the idea to use other’s stories to help write the book. I am in the middle of finding recruiting success stories to feature in the book. I am attempting to use some of Tim Ferriss’s guidelines for this product. I want to create the product in four weeks or less. Using this milestone, I want the product to be finished and ready to ship on January 31st.
SmarterFootball.com has made serious progress during the past few months. Although we no longer have office space, we do have a preview website being hosted at smarterfootball.com. The coding for the main areas of the website are almost finished. We now have to integrate the existing code to our new design. Smarter Football is online software to help guide high school athletes through the recruiting process. The website will be fully automated once we lunch – that’s exciting!
Pennza Mobile Detailing is our baby. We started this company while we were still in college. It is easy to find customers, but has proven to be difficult performing the service and finding employees. A key need for this year is to find a pool of part-time workers than can complete each job so we can concentrate on building the business.
This is where I am with my existing companies.
Looking at each venture, I can categorize them into a few categories.
Most Likely to make money this month
- Pennza Mobile Detailing
Most Likely to make money next month
- Smarter Football
- Fraternity Recruiting Book
- Pennza Mobile Detailing
Most Likely to make money before the end of the year
- 2dollarfantasy
Most Likely to never make money
- SmarterDrinker.com
After reviewing these lists, my highest priority projects will be Smarter Football, The fraternity book, and Pennza Mobile Detailing.
I will work on 2dollarfantasy.com whenever I have free time and I will only work on Smarter Drinker sparingly.
Keep on the lookout for more updates in the coming days, weeks, and months.