entrepreneurship

In Defense of Consulting Businesses

Bill Erickson shares a few thoughts about the benefits of running a consulting / service-based business. His post is in response to the notion that product-based business models are more scalable and therefore profitable.

Bill covers the pros and cons of the consulting business model, and what people frequently forget when thinking about product-based business models. One thing resonated with me:

As a service provider, find the more scalable aspects of your business and focus on them. Likewise, find the aspects that are less scalable and decrease your focus on them.

This is something that I’ve been working on at ClickWP. In service-based business models, decreasing focus on the less scalable aspects are usually handled by automation. However it’s important to remember not to automate too much because your business will become cold and your relationship becomes transactional, when customers frequently choose you over other vendors because of that high-touch relationship.

Mobile office? How about Mobile Business?

Laptop + hard drive + internet = everything I need to run my business.

Also enjoying my holiday very much

Revenue Models for Lifestyle Entrepreneurs

Corbett Barr has got a great overview of the different revenue models for the type of business I want to run – small, lean and profitable.

I’m trying to go for a mixed model of selling (digital) products and providing services. At the moment, I’m focusing on my online marketing coaching. I’ll hopefully have some products to announce soon.

In the meantime, be sure to bookmark the article: An In-Depth Guide to Online Business Revenue Models for Lifestyle Entrepreneurs

Book Review: Career Renegade by Jonathan Fields

Before you say anything, yes I know I wasn’t looking directly into the camera. I was looking at the preview, which was just to the left of the lens and didn’t think it would be so obvious. Besides that, I would love any more feedback you may have about the review.

Book Info

Author: Jonathan Fields – read his blog, or follow @jonathanfields on Twitter

Book Website: CareerRenegade.com

Buy the book from Amazon.com

Career Renegade by Jonathan Fields

When you buy the book with the link above, I get paid a small commission by Amazon–thanks!

Zeldman on self promotion

Zeldman on self promotion:

If you believe in what you do, and if you’re doing it for real, you must find ways to let people know about it.

Bookmarking this great quote

6 weeks in

It’s been roughly 6 weeks since I’ve started up Buzzmedia again. This is a post to update you on what I’ve been up to and try to explain what it is that I do (since lots of people don’t understand).

First, God has been good in providing me with a steady stream of projects so that I don’t starve to death. In fact, my income for July was almost equal my last drawn salary at AGENDA. Encouraging, but still a long way to go.

Second, I will not attempt to explain what is it exactly that I do for a living now, with examples from the past 6 weeks. Continue Reading

On my own again

After about a year since I joined AGENDA, I am striking it out on my own again. Lot’s of friends and colleagues have asked me why and it’s quite difficult to explain. To help explain (and remind myself why I made this decision), I’ve created this little graphic:

David's Dip

Continue Reading

Back to work

A year ago I ditched my old job and began life as an entrepreneur. But this past month I’ve gone back to work for ‘the man’. In this case the man is AGENDA, a forward-looking interactive, digital agency. They’re forward-looking because they realise that the web is changing and that the social web is the next big thing. Which is the reason they’ve hired me.

AGENDA Asia

At AGENDA, I’m the ‘social media guy’. I’m helping them wrap their brains around what social media means and to help build up their social media capabilities. My CEO is an early pioneer of web technology in Malaysia but he’s still learning and always wanting to improve.

Lots of people have asked why I decided to join AGENDA. Well, AGENDA gives me lots of opportunities to do social media work, with some really great clients. In this first month, I’m already working on clients like Xbox and Maybank. AGENDA is already a leader in digital media and once it incorporates social media into its portfolio, we’re pretty darn kick-ass.

Also, it turns out that I’m not such a great entrepreneur. Yes, I’m not afraid to strike it out on my own but I’m also not afraid to admit my shortcomings. Sure, I was paying my bills and I could probably also work with blue chip clients if I had continued on my path, but it would have taken much longer. AGENDA is a shortcut to my career goal I guess. Plus, I was disorganised as hell and a steady income and job security isn’t bad either…

So what happens to Buzzmedia? Well, existing clients will continue to be supported. I won’t be actively soliciting clients, but I’ll still help friends with their online marketing. In the meantime, the website will be a holding place for my upcoming book…

Congratulations Exabytes!

Here’s a quick shout out to my web host Exabytes who won a prize in the Emerging SME category for the 2007 Golden Bull Awards. 

I’ve found Exabytes to provide great value and good service. Definitely one of the better web hosts in Malaysia. Keep up the great work and keep my sites up and running smoothly please!

Day 1 as an entrepreneur

Buzzmedia logo

Today I officially began life as an entrepreneur. I’ve quit my job and while my parents don’t really approve I’ve taken the plunge to start Buzzmedia, an online marketing solutions provider. I’ve not had much time to blog and promote this venture of mine online because I’ve been busy with a client project, so I guess that’s good that I have work.

It’s been an interesting day and already it has thought me lots of things. Although I have work, I won’t get paid till later and that it something that really scares me. I’ve already incurred some costs in preparing collateral and resources for Buzzmedia but what I’m earning from this present project will only come in later this month. And that’s if they pay on time. And it’s still not enough to cover my monthly expenses.

Another obstacle is self-discipline. I was pretty much in ‘the zone’ today working but there were lots of times when looking up answers online led to a rathole to another rathole to another rathole.

Day 1 has been scary to say the least, but that fear has kept me more motivated than I’ve ever been in my two previous jobs. Hopefully once I get on top of things, have more jobs in hand, I’ll relax and start to enjoy the ride. One thing that has been helping me deal with this big new world of entrepreneurship is Duct Tape Marketing by John Jantsch. It’s a totally awesome book with really practical marketing advice. It’s so great that I’m going to incorporate the tactics and strategies that Jantsch writes about in my products and services. I highly recommend it to any aspiring entrepreneur and small business owner. I’ll write up a more thorough review when I have the time.

Till then, I’m looking forward to Day 2. 

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