Status Report

Hi all!

I've received numerous emails asking if I've given up on posting to my blog, or given up on the concepts of entrepreneurity and self-reliance. Well the answer is NO, ABSOLUTELY NOT! I HAVE succeeded in making myself so busy that there doesn't seem to be enough day to fit the number of tasks. Given the state of the economy, I'm thinking this is a very good thing. This is the entrepreneur's answer to weathering the recession. And, so far, so good.

It seems as though I'm hearing every day how bad things are; job loss climbing, investments going down the drain, businesses closing up, and so on. The fact of the matter is, I keep finding opportunity everywhere I look. Some people look at things and see nothing but the negative, while I keep seeing the positive. To quote a movie (see a previous post), "In confusion there is profit". The problem is, I have reached the point where I have to stop and clear my mind because so many projects look to be so damn interesting. So much opportunity, so little time. It's time to fine tune the focus a bit. As is usually the case, I'm coming to the end of an 18+ hour workday, and this is, after all, a weekend.

So for those who normally stay in touch with me via email, phone, Twitter, Facebook, and a host of other media services, here's the status of some of the projects that I'm involved in.

Despite the economy, there is Technology Development work out there. I have several large software development projects going on. My partner and I have created several workable ideas for recession-driven businesses that we just haven't been able to launch yet. Got time? Let's talk!

Self-Reliance? You bet! I've found that the entrepreneur can grow a good tossed salad with a couple of pots or plastic tubs even on a small city lot. Hell, you can grow beans in the crack in a sidewalk. I've also found that more people than you might ever imagine are starting to think like those survivalists that you used to read about in Mother Earth News; a really good magazine, incidentally. I'm still thinking about all that "off-the-grid" and alternate energy stuff. But, more on this subject later.

My son and I have a new business project ramping up, too. A retail operation specializing in both reptiles and aquatic life, it's located in South Carolina and can be found at The catalog will be online soon. Check it out! Oh, and watch for an upcoming article in Tropical Fish Hobbiest Magazine.

My other entrepreneurial endeavor, is the music project that is the Southern Rock Band Steelhorse. Yes Mary, we're still working! About 80 shows in the last 12 months, opening shows for The Outlaws, Pure Prairie League, and Jimmie Van Zant; doing Biker shows, Cancer Research Benefits, and concerts for crowds of several thousand. We're rotating a few members and rehearsing for the next several shows. Some studio time in the works as well.

And lastly to my Amateur Radio friends, yes I will get back on the air. I'll document some of it in another portion of this blog, along with some shots of my vintage radio equipment.

Entrepreneurity is alive and well, and keeping me very busy. Stay tuned!

Permalink 07/12/09 04:17:51 am, by Bill Rosser Email , 556 words, Categories: Entrepreneurity ,

Self Reliance: Getting Laid ... ah ... off!

So, you woke up this morning with a big smile on your face, only to have it wiped off by your boss telling you that you are part of today's big layoff.

Unless your last job made you independently wealthy, you're probably going to (1) panic, (2) take a quick look at the job openings in the newspaper, (3) look at, (4) panic, (5) go into the worry/drink/depression stage,and then, (6) tell everybody you know that you're starting your own business.

There's an old saying, "You never plan to fail, you just fail to plan".

So, who in their right mind would want to start a business during a recession?

Well, here are a few points, pro and con, to consider.

With the economy being in bad shape, you are probably more motivated to become self-reliant, and self-reliance is a good thing.

Since other businesses are also hurting in this type of economy, they are likely to be more flexible in their dealings than they might be during a booming economy. Loosely translated, this means that you might be able to garner business services, or startup inventory at bargain basement prices. For example: A trip to the local mall revealed that management was willing to wave the standard rental fee and make space available for a percentage of the gross. That vastly reduces the startup cost of a new retail business.

Another example of how startups can benefit from tough economic times (spotted in a local newspaper): "Office space for rent, normally $800/month ... best offer ... negotiable".

On the downside, since you've just been laid off, you'll have to be extra careful with all of your finances. This is where you really get to test your entrepreneurial skills. Credit is tight, making it very difficult to find outside capital to fund a startup.

As an aside, something to keep in mind ... being an entrepreneur is not for everyone. This can be especially true if you've just been laid off ... being an entrepreneur requires dedication, long hours, and extreme focus ... even if you have no other thoughts, cares, or concerns, it is often quite difficult to maintain the single minded focus necessary to take on an new startup business. This is certainly true when the bills start piling up! Don't expect to create a cash flow overnight. You will very quickly find that saying you are in business does not mean you ARE in business.

Don't fall for the "How I made a million dollars" schemes. Those folks usually make their money by SELLING a book or product. In reality, it is the book or product that is feeding their cash flow. Most of these schemes are a waste of money. Nothing works as well as starting with a good idea, creating a plan, and adding a lot of elbow grease. Time and effort are the keys to making a million dollars.

So, put your time to good use. If you are knowledgeable about something, start by writing about what you know. Collect information. Prepare and package information that people will find useful. Make information your first product. Become an authority. Use this to establish a customer base. As you begin to achieve some recognition, you will find yourself building an audience willing to accept additional products which you can use to broaden your scope and generate cash flow.

Permalink 05/03/09 04:53:00 am, by Bill Rosser Email , 556 words, Categories: Entrepreneurity ,

Self-Reliance: The Entrepreneur's New Challenge

We all tend to think of the entrepreneur in monetary terms, a topic that is usually centered on clever new ways to create income and wealth outside of the bounds of the normal 9 - 5 job. However, there is another important aspect to income, and that, of course, is how we spend it. The smart entrepreneur is as concerned with where the money goes, as he or she is with where it comes from. After all, it's the net profit that really matters.

Given the current state of the economy, the most important challenge to the entrepreneur seems to be holding on to one's money rather than just trying to earn it. Enter self-reliance. Why shell out your hard earned cash for a service or item, when with a bit of entrepreneurity, you can provide that service yourself, and hang on to some of that hard earned cash? Sure, there are times when convenience is a factor, but given the instability and uncertainty in today's economy, self-reliance is looking more and more important. Another factor to consider is the "best use of your time". There's only so much to go around.

If you're like me, you have several major grocery stores, several of which are open 24/7, all within easy driving distance. Why keep food in the house? Is it worth $1000 of your time to grow a bushel of potatoes, when you could run to the store and buy them for $10? But remember, your time is only worth $1000 if you can sell it. So, if payment for your time isn't a sure thing, and the store goes out of business because of the economy, would you still like to eat? Since you, your available time, and your entrepreneurial skills are all gating factors, it seems like some sort of compromise is the order of the day.

We all know that the economy is in the toilet, and things seem to be getting worse with each passing day. So, let's spend some time talking about becoming more self-reliant by applying entrepreneurity to "cash out" rather than "cash in" for a while.

As a quick review of The Great Depression, consider this: conventional jobs dried up, the average Joe was unemployed, food was in short supply, travel was difficult if not impossible, and many people lost their savings and their homes. Now this is not to say that fortunes weren't made, because history shows that out of the economic ruins of The Great Depression arose many giants of industry. Indeed, many entrepreneurs of the time learned how to move forward from economic disaster into prosperity.

The next several posts will be about using entrepreneurity to become more self-reliant during these troubled economic times, some things that I'm looking at, and some suggestions for things to try. I welcome your comments and suggestions.

Permalink 12/28/08 06:33:40 pm, by Bill Rosser Email , 468 words, Categories: Entrepreneurity ,

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