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Recent content by Dramolion

  1. D

    My Entrepreneur Journey

    EXECUTION 
    Try to finish smaller projects first, or get them to the stage where they don't need much work anymore.
  2. D

    Disconnect between perceived value and real value.

    Businesses always sell at a higher price then it costs them, it's called a profit-margin. If your friend thinks your margin is too high, he is free jump into the niche, compete with you and push the market-price down.
  3. D

    Should I buy this business?

    HOT! 
    Why would you buy a business while you're busy with your own (unrelated) business ? Even if the business you're buying is doing good, it would only mean you'd have to pay more (investment) for it. More importantly, why isn't he selling to his direct competitor who's doing half his work anyhow ...
  4. D

    What are your ideas for this product and who to initially target?

    IDEA 
    A book with all the lessons you had to learn is too broad & vague, just that you had to self-teach some things doesn't mean others had/have to self-teach those exact same things. Putting something like CENTS into a book/course that's not even about business is very disrespectfull to say the...
  5. D

    The qualities that every entrepreneur must obtain

    Delegation should cover the skills you don't have.
  6. D

    The short, random wisdom thread (needs mentioning, but not a thread!)

    NOTABLE! MINDSET 
    If you wanna be an artist, you're gonna have to create something new/original. Copying others' work isn't going to get you very far.
  7. D

    Game Store Project and Travel

    EXECUTION 
    Does this include taxes ?
  8. D

    My critique on the commandment of entry

    I'm pretty sure there has been a higher "need"(or more like mild interest in this example) then supply only years ago, off course nobody who applied CENTS joined in, because they knew supply would only increase due to the low barrier-of-entry.
  9. D

    Amazon guys who work in the millions, are these guys numbers right?

    7.1 million minus 6.3 million = 0.8 milllion or 800k dunno how long this took, but it seems like a nice margin to me.
  10. D

    Indie game empires common?

    The "common" business model in gaming is to make a big hit game and make all or most of it's revenue in the first year, during which new competing games with better graphics take over their sales. This is a high-risk business model, which is why some developers rather make games for publishers...
  11. D

    Road To $1B Hedge Fund

    EXECUTION 
    Why do you want to make your own bot ? Do you think you can make it just as profitable as the one you're selling ?? Maybe keep doing what you're doing (selling bots) and test other bots for if/when your current bot's yield declines, this should also put you in place to establish a hedgefund...
  12. D

    Can one be too innovative? I'm ready to give up.

    Who is your target-customer ? Most people who go to conferences enjoy going to conferences, if they wouldn't they would 've switched to Skype or another service decades ago. Instead of trying to take away on the process try to add value to it instead.
  13. D

    Blue Collar Recession

    HOT! 
    If companies are having trouble hiring personel, this will effect these companies and thus the economy; basically the economy can't grow without more workers, if it can't grow for a while there is a good chance it will shrink instead.(after which it can grow again)
  14. D

    Venezuela Inflation Rates

    OFF-TOPIC 
    No it will not "bounce back" Venezuela has long since lost track of whatever the "mean" was. Sometimes the market overreacts(to bad news of the economy), and a while later gets rectified, problem is, if value goes down for a longer period, a little "overreaction" becomes a normal reaction that...
  15. D

    Question about Facebook marketing

    MARKETING 
    1) Yes, post in other's posts, but preferably only if you have something to add, nobody is gonna get curious about your page is you write "great post" . 2)You should figure out how long ad-money takes to pay itself back(immediate sales + organic growth) then figure out what you're comfortable...
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