Saturday 16 August 2008

First generation enterprenuers - After 2.5 months

After a bit of gap i am back on track to write blogs.

We have a general feeling that the first 3 months in any business would be the hardest, atleast i was thinking that after 3 months of struggle it should start getting easier, but it is turning opposite.

For the first 2 months, the only contacts you have are the people you know and friends contact. No special marketing just word of mouth. By the end of 2 months, your contacts base is empty. During the 3 month there might be a maximum of one lead because of your previous contact. By the end of 3rd month, no contacts, no orders, meaning its time to do external marketing or time to spend time and money, on Marketing your product.

I am on the verge of completing my 2nd month of business and my contact list is already empty, i have started with Direct Marketing.

My score rate for proper profit making orders is 0 currently. Huge amount of stress is building up as this is stage where money out is fast and Money in is NIL.

Any comments please suggest.