I read a fantastic post by Jed @ the Newly Rich called “Our 4HWW Workflow, Part I“. Without stealing his thunder (and idea), I encourage you to take a look at the post that diagrams a ludicrously simple, but very effective way of looking at your tasks.
Here’s a quick thumbnail of the flow. Click on […]
Filed under: revenue, time management | No Comments »
Hi all –
Sorry for the pause in content. I’ve been working hard as well as I’ve embarked on my MADFUN exercises. Plus, I haven’t really had much to write about. Maybe I should write anyways?
In any case, thanks for the feedback I’ve gotten from you all on my eLance and Time Management posts. I hope […]
Filed under: book, muse, revenue | No Comments »
I often listen to NPR and other Public Radio stations. Do you? Doesn’t it annoy you when they have to interrupt their broadcasting to make an appeal to their audiences for donations and support?
Just like you, I find it annoying that those pledge drives interrupt the shows I like to listen to you, but at […]
Filed under: DHFW Site, muse, revenue | No Comments »
Editor’s Note: This post is a guest post from Hilary Catherall. Hilary Catherall is a co-founder and the president of technology startup DOMITECH, L.L.C., a revolutionary web development company. DOMITECH’s projects so far include www.city-dweller.com and www.saneliving.org. Hilary still holds down her day job for now, and just started seriously applying the principles […]
Filed under: muse, revenue | 1 Comment »
Editor’s Note: First, let me note that this is a very long blog post. I probably should have chopped it up into a few blog posts, but I didn’t want to lose the stream of thought.
Getting a bit more practical, one of the themes in the Four Hour Work Week is the idea that […]
Filed under: muse, revenue | 3 Comments »
I posted the other day on the topic of finding a good bank for small businesses. I got a few great recommendations and ended up settling with Provident Bank, a regional bank in the Virginia, DC, Maryland, and Pennsylvania region. They offer free business checking accounts with no minimum balance requirement, the offer bill payment, […]
Filed under: Getting Started, revenue | No Comments »
As like all you 4HWW-ers, I’m gearing up my muse and getting the funds rolling in. I started an LLC using the Company Corporation (my recommendation if you’re trying to keep it simple and cheap - no need for expensive lawyers), making it a Delaware-registered LLC and then possibly registering as a Foreign LLC in […]
Filed under: Getting Started, business, revenue | 1 Comment »
Following up on the last post where we identified the target market by identifying pricing and market size most appropriate for Bought Products, things get better when we observe the power of monthly revenue.
Ways to Make $5M a year - Take 1
# of Products Sold
Price Per-Product
Monthly Revenue
Consumables (3x per year)
1
$5,000,000
$416,667
$1,666,667
5
$1,000,000
$83,333
$333,333
10
$500,000
$41,667
$166,667
50
$100,000
$8,333
$33,333
100
$50,000
$4,167
$16,667
500
$10,000
$833
$3,333
1000
$5,000
$417
$1,667
5000
$1,000
$83
$333
10000
$500
$42
$167
50000
$100
$8.33
$33
100000
$50
$4.17
$17
500000
$10
$1
$3.33
1000000
$5
$0.42
$1.67
5000000
$1
$0.08
N/A
But, let’s take another twist. Let’s […]
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This post is a little exploration of the magic of numbers and an understanding of how the idea of Products that are Bought map to desired revenue targets.
First, the revenue target. Let’s say for the sake of example that we want to run a $5M a year gross revenue business (that’s just top-line, not including […]
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