Our Local Business Owner meetups have been a great way for all of us to connect, meet some great people and put a face with an "online" name.

 

To build off our meetups, I wanted to create a way that our Local Business Owners can share with the rest of the group any special events / promotions / activities that they might want to let our fellow Local Business Owners know about so we can help spread the word to people who might be interested. 

 

That's the purpose for this new discussion. If and/or when you have something you want to share with group that you're working on, you can feel free to let the group know here!

 

 

Tags: Business

Views: 14

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I'm actually working on a comparison of advertising on Facebook vs. LinkedIn vs. Google.

 

For a week now, I've been running ads on all three, and comparing the results (in terms of bid price, click through, etc.) It's a *very* unscientific survey, but I'd be happy to share the results of my little experiment when I'm finished--with the caveat that my business is service based and my target audience are business owners, so my results might not be typical for product/consumer businesses.

Thanks for the update and for offering to share your findings, Dave.

 

I'm currently working on a College Planning special offer. I'm hoping to help remove the fear & anxiety that often prevents us from planning how to save and pay for college.

I'm preparing to exhibit at a bridal showcase that will be here in Oak Park at the Pleasant Home on February 18th and 19th.  The web site for the event is: http://simplyelegantweddingshowcase.com/
Thanks Camille, I will be sure to point any brides to be in your direction.

I'm working on a product line in an untapped market in the United States. It is very overwhelming with all the ideas I have. I would like to publicly thank Dave for helping me trademark my name.

 

Would be great to find a business mentor. So much to do and so many different directions.

 

 

Very cool Dave. Look forward to hearing more about it as it comes to fruition.


Regarding a business mentor, not sure if you've checked out or are aware of SCORE Chicago, but if not, they might be worth checking out. I worked with a very helpful counselor back when I was working on my business plan before starting my own practice. Here's the website: http://www.scorechicago.org/

Dave Lasaine said:

I'm working on a product line in an untapped market in the United States. It is very overwhelming with all the ideas I have. I would like to publicly thank Dave for helping me trademark my name.

 

Would be great to find a business mentor. So much to do and so many different directions.

 

 

Hi Brian,

Well, I have my first appointment with SCORE this upcoming Thursday.

Concerns I will throw out there...1. I heard from a couple of people that are going through their service right now, and while they find it to be guiding...it is not exactly what they were looking for. 2. The business plan...how the heck does someone come up with all that information? How does one create a business plan for a new concept? Where there is no competition to compare too? 3. Costs...OMG...I wonder how I can as an individual come up with all the money needed to create packaging, products, marketing....(no loans for me ...the guy with a credit score lower than the temperature outside...due to uncontrolled life experiences)...so without all the money am I doomed to fail? Is this an idea only to rot? How did anyone sell a concept before business plans and huge loans were required? Questions for SCORE and maybe someone in O.P. that was once where I am now. No money, but a great idea. I am starting to feel despondent about my unique concept and product line that can be such a huge hit.

Dave, there are quite a few business planning books.  Business Plans for Dummies isn't bad and it walks you through how to write an effective business plan.  Yes, it is a pain staking to go through the process, but most small businesses fail due to lack of planning and writing a business plan helps you think through the questions and issues that potential investors may have.  at a very minimum, you should write the executive summary portion of the plan.

 

Figuring out a market for a new product that doesn't exist can be a challenge.  You just have to make some assumptions regarding how large the market is by concisely defining the target market for the product, figuring out how many of those people exist, and how much of that market you think you can capture.  In some ways, you are just pulling it out of thin air, but you have to try to figure out the market size.

 

Raising cash to start a business is the hard part.  Friends, family and fools are how most businesses are initially capitalized.  It is very difficult to get "angel" funding unless you have a rich uncle.   Most just use a home equity line, credit card, or cash out retirement accounts to get going.  No bank wants to lend money to an unproven business, no matter how ground breaking the idea may be (folks with money generally aren't the most insightful).  This is why people always say making your first million is the toughest.  Once you have a million, it is easy to make another million. 

 

Dave Lasaine said:

Hi Brian,

Well, I have my first appointment with SCORE this upcoming Thursday.

Concerns I will throw out there...1. I heard from a couple of people that are going through their service right now, and while they find it to be guiding...it is not exactly what they were looking for. 2. The business plan...how the heck does someone come up with all that information? How does one create a business plan for a new concept? Where there is no competition to compare too? 3. Costs...OMG...I wonder how I can as an individual come up with all the money needed to create packaging, products, marketing....(no loans for me ...the guy with a credit score lower than the temperature outside...due to uncontrolled life experiences)...so without all the money am I doomed to fail? Is this an idea only to rot? How did anyone sell a concept before business plans and huge loans were required? Questions for SCORE and maybe someone in O.P. that was once where I am now. No money, but a great idea. I am starting to feel despondent about my unique concept and product line that can be such a huge hit.

Today has been a better day. Breaking down business plan provided at SCORE website to very small pieces is what I need to do. Lots of breaks. And water. LOL. Lots of water.

 

Thanks Russ for your input. I surely hope to be able to say someday that the first million was hard to make.

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