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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed.

 
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Old 09-10-2007, 12:07 PM   #1
Sansa
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Lessons learned in business. Post yours.

I think we all have learned some lessons. Learning is a part of an experience. Every time I succeed or fuck up I stop to analyze the situation and see what could be learned. I'm hoping this thread can actually become educational. Things that come to mind are:


1. Good accounting is the key. From the very moment you start a business make sure you track everything that goes in and out. It'll be easier to see where you fucked up later.

2. Diversify - don't put all the eggs in 1 basket. If a particular area of your business goes down, you'll go down with it.

3. Don't front and always be ahead - if someone doesn't have any money right now, he probably won't have it later. There might be some exceptions but this is the rule of thumb. If the worst case scenario, you need to secure a down payment before lifting a finger.
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Old 09-10-2007, 12:11 PM   #2
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ask questions..you'll be surprised who acts like asses on boards.. but when it comes to business people can and do give great advice and are very helpfull

focus.. the hardest thing about being in business for yourself
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Old 09-10-2007, 12:13 PM   #3
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Don't do business with friends. Always keep business and personal separate, so when (not if) you need to be an asshole, you can without remorse.
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Old 09-10-2007, 12:15 PM   #4
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Always be straight forward and honest. If you fucked up, tell your client / customers you fucked up, and the vast majority of the time, they'll understand and respect you for it. If you try to make up excuses, they'll generally see right through that, and never do business with you again.
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Old 09-10-2007, 12:15 PM   #5
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Old 09-10-2007, 12:16 PM   #6
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1) Don't hire friends.
2) Don't share trade secrets with other webmasters (Until you know them well).
3) Save money for taxes!!
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Old 09-10-2007, 12:18 PM   #7
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trust noone, dont hire family, dont put your eggs in one basket and reinvest atleast half of what you make
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Old 09-10-2007, 12:18 PM   #8
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Don't get into business with family members that have an addiction to meth
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Old 09-10-2007, 12:19 PM   #9
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Old 09-10-2007, 12:22 PM   #10
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Always bring extra lube, or it is gonna hurt!@
I guess we have peeps from all walks of life here....
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Old 09-10-2007, 12:26 PM   #11
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trust noone, dont hire family, dont put your eggs in one basket and reinvest atleast half of what you make
I just started to invest a part of my income a couple of months ago and I am already seeing some dollars trickling down. Very good point!

Those working for themselves go open a Roth IRA account now! Money coming in now is fun and dandy but you'll kick yourself in the ass for not stashing away at least some of it now.

http://en.wikipedia.org/wiki/Roth_IRA
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Old 09-10-2007, 12:28 PM   #12
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ask for some feedbacks before dealing with that business
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Old 09-10-2007, 02:22 PM   #13
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ask for some feedbacks before dealing with that business
I think you mean testimonials or references..
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Old 09-10-2007, 02:27 PM   #14
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Put money away for the future. You never know what is to come. And good employees are HARD to find. Hang on to them if they're good.
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Old 09-10-2007, 02:27 PM   #15
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trust noone, dont hire family, dont put your eggs in one basket and reinvest atleast half of what you make
Saves me from typing it.
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Old 09-10-2007, 02:37 PM   #16
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1) Good ideas are common - a great idea is a good idea actual implemented.
2) If you worry about the little shit, you will be a little shit.
3) Your partners are fucking you.

Etc.
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Old 09-10-2007, 02:37 PM   #17
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Be careful what you wish for.

I was a network tech for AT&T. All I wanted to do was make websites and get paid for it. It came true. I never wanted to be "Amputate Your Head". I never wanted to work in porn. I didn't even care how much I made.... as long as I could do what I loved.

Now, I hate it more than anything else on this Earth. But I can't escape from it. I've tried for the last two years to find something else. And for one reason or another, nothing works out across the board.

Be very careful what you wish for. What I have today is definately not what I imagined, nor what I wanted. But I got it, and there's no way out.
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Old 09-10-2007, 02:39 PM   #18
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Think outside of the box.
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Old 09-10-2007, 02:42 PM   #19
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2. Diversify - don't put all the eggs in 1 basket. If a particular area of your business goes down, you'll go down with it.
One of the basic rules of business
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Old 09-10-2007, 02:59 PM   #20
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1. You must have a good duplicatable system and a solid business plan to follow.

2. You need to meet clients demands as quickly as possible this includes trends such as hot new promo materials, new technology etc...

3. Spend only what you need to and nothing more. On your good months save incase you ever have a few bad ones.

4. If you work from home or are not on a schedule at the office start one, just cause you don't have a boss doesn't mean you can sleep in all day. I missed out on a lot of big business moves when I used to wake up at 10:00am everyday. You know what they say... the early bird catches the worm and that is so true.

5. Be accessible, give out your cell number, office number, e-mail, icq, aim, etc... and don't ignore those damn calls. I know people that suck in their industry but they still got lots of business because you know they will ALWAYS be around when you need something from them, nothing is worse than someone that vanishes for a few days at a time when you really need them.

6. Network like a god damn mutha fucka, build those relationships and cherish them. I am where I am today because of maybe 2-3 people I have met in my life.

7. Take care of your clients, you need them to survive, once they leave you might not ever be able to replace them.

8. Spend as much time as you can on marketing, you can never have too much marketing, NEVER!!!
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Old 09-10-2007, 03:01 PM   #21
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Dare to fail and learn from it.
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Old 09-10-2007, 03:08 PM   #22
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success is never permanent.
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Old 09-10-2007, 03:09 PM   #23
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If you are working for or with a company that is unorganized and cant seem to get its shit together.....they prob never will (this is a hard situation to leave when the product or idea is good, but chances are if a company is screwed up under current mgmnt, they will never sucseed or change with that mangmnt)
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Old 09-11-2007, 12:51 AM   #24
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don't spend more than you can afford
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Old 09-11-2007, 12:52 AM   #25
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bump to top
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Old 09-11-2007, 01:47 AM   #26
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innovate, not imitate
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Old 09-11-2007, 01:47 AM   #27
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Hi everyone... I find the following to be a useful guide!

Before spending tuns of money on a venture spend at least 6 months to a year + on research... understanding the technical issues and marketing aspects... such is key.

Spend some time and write up a business plan... even though 85-95% of business do not follow such to the T, at least you will be addressing questions that you might have missed, also you can determine your overhead...

If you have marketing or technical questions ask someone with a rock solid background in such and don't place 100% factual knowledge on what you hear in forums because those who you are asking for advice from are normally out for themselves first...

When dealing with people online be fair... however when posting in threads keep your remarks under 15 minutes per post and if it takes too much thought... then find something else at that time that will make you money and tell those who are asking for the info to contact you privately to hire you...

Always get a real street address and don't except PO boxes when excepting money orders and or checks and never start work before you have money in your hands... this is important if you do not know the parties that you are dealing with.

Don't be afraid to write up contract(s)...

Later,


.

Last edited by yahoo-xxx-girls.com; 09-11-2007 at 01:49 AM..
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Old 09-11-2007, 02:04 AM   #28
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Business + Friends = Enemies.
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Old 09-11-2007, 02:09 AM   #29
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innovate, not imitate
This has always been my philosophy, but sadly the imitators are getting just as rich as the innovators.
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Old 09-11-2007, 02:20 AM   #30
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lots of you wrote not to work with friend....what's wrong with it? (ok, I have some ideas, but what are your experiences?)
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Old 09-11-2007, 02:23 AM   #31
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lots of you wrote not to work with friend....what's wrong with it? (ok, I have some ideas, but what are your experiences?)
I agree - don't work with friends. I got completely and utterly screwed by a 'friend' of mine. He stole my entire server and took it back to AU with him, as 'payment for the time he'd invested in me'.
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Old 09-11-2007, 02:23 AM   #32
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Only being in the adult bussiness for a very short time now. I have allready learned never to install free crappy scripts as this tends to get your website hacked very quickly
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Old 09-11-2007, 02:25 AM   #33
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Only being in the adult bussiness for a very short time now. I have allready learned never to install free crappy scripts as this tends to get your website hacked very quickly
no doubt
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Old 09-11-2007, 03:04 AM   #34
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interesting thread

thanks, wtfent, it's useful tips.

bump for all
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Old 09-11-2007, 03:39 AM   #35
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I agree - don't work with friends. I got completely and utterly screwed by a 'friend' of mine. He stole my entire server and took it back to AU with him, as 'payment for the time he'd invested in me'.
Never trust an Australian.

They'll steal the shirt off your back and fuck your wife and your dog when you're not watching.

Last edited by Porn Farmer; 09-11-2007 at 03:41 AM..
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Old 09-11-2007, 03:43 AM   #36
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keep an eye out ...


1. Don't trust fuckers that smile too much or like giving hugs.

2. People that frost their hair or look anything like Rod Stewart.

3. Pay you with stock.

4. Zen freaks.
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Old 09-11-2007, 03:45 AM   #37
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this goes out to my old bosses

don't piss off and shit on people you meet on the way up the ladder cuz you'll never know who you'll pass on the way down
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Old 09-11-2007, 04:58 AM   #38
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Nice Post.

Figure out what you do best and deligate the rest.

Make moves based on sound business judgements and not emotions.
Leave emotions at the door and think tactfully.

Make short and long term goals and neve give up.
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Old 09-11-2007, 05:03 AM   #39
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Those working for themselves go open a Roth IRA account now! Money coming in now is fun and dandy but you'll kick yourself in the ass for not stashing away at least some of it now.

http://en.wikipedia.org/wiki/Roth_IRA
If you are self employed, odds are that you qualify for an SEP IRA, which allows you to invest larger percentage of your pre-tax dollars than a Roth does. That amount is 25% of my income for this year, according to the good folks at T Rowe Price.
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Old 09-11-2007, 05:25 AM   #40
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Old 09-11-2007, 05:54 AM   #41
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If you are self employed, odds are that you qualify for an SEP IRA, which allows you to invest larger percentage of your pre-tax dollars than a Roth does. That amount is 25% of my income for this year, according to the good folks at T Rowe Price.
There are a number of ways to plan for retirement as a self-employed person, and it's always a good idea to look into as many of them as you are eligible for - there are SEPs, SIMPLEs, Keoghs, the ubiquitous 401(k), Roth, and traditional IRAs... and each has benefits and drawbacks. Work with a certified financial planner - it's worth it to invest in someone with those letters behind their name - to establish a game plan that encompasses your business and your personal future.
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Old 09-11-2007, 05:58 AM   #42
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Eh, Karate Kid pretty much sums it up.

"Fear, does not exist in this dojo, does it? NO SENSEI!"
"Pain, does not exist in this dojo, does it? NO SENSEI!"
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Old 09-11-2007, 06:05 AM   #43
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No matter how much $$ you have, you can still be a piece of shit
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Old 09-11-2007, 06:36 AM   #44
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* Be determined and don't loose interest in your work, especially new projects.

I am not a millionaire just because I cannot keep interest in my shit. I always start a project and hangover in the middle. So, if you need success .. be determined and never loose interest and hangover the projects in the middle.

I give you an example, I thought of a project in January this year .. registered a domain and just be an ass and didn't worked on it further ... I knew its a success but still I was not giving that project only a couple hrs it needed.

Ultimately, somehow I gave it those couple hrs in end of July and now, after 1 month, its making me $2,500 a month and takes only 30 minutes of mine every week. Guess how many grands I lost since January?

So, when you starts a new project ... don't loose interest in the middle and work on it till its successful.
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Old 09-11-2007, 06:39 AM   #45
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O'yea!

* Hire people, you cannot do each and everything alone.

I do not mean hire for design, development .. thats inevitable because you cannot do that. I am talking about hiring people to handle stuff you can even do yourself. It will save your time and you can focus to more productive work and innovative ideas.
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Old 09-11-2007, 06:45 AM   #46
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Be careful what you wish for.

I was a network tech for AT&T. All I wanted to do was make websites and get paid for it. It came true. I never wanted to be "Amputate Your Head". I never wanted to work in porn. I didn't even care how much I made.... as long as I could do what I loved.

Now, I hate it more than anything else on this Earth. But I can't escape from it. I've tried for the last two years to find something else. And for one reason or another, nothing works out across the board.

Be very careful what you wish for. What I have today is definately not what I imagined, nor what I wanted. But I got it, and there's no way out.

very true, all I ever wanted was to get paid to photograph nude girls. now all I do is argue with pimps about money and wonder where a bunch of crack heard are that never show up

garth brooks has a song about that: thank god for unanswered payers.
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Old 09-11-2007, 06:49 AM   #47
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This has always been my philosophy, but sadly the imitators are getting just as rich as the innovators.
Nothing personal. But what innovation you have done in the industry? Just curious as you said it has always been your philosophy.

In the internet, you cannot keep your innovation private .. people will just copy your idea and/or stuff ... put a couple extra in it (their innovation?) and will leave you behind.
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Old 09-11-2007, 06:50 AM   #48
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Frequently the shittieness of your attitude is directly proportional to the amount of cash in the bank taken to the power of the size of your balls. That's how you start losing friends.
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Old 09-11-2007, 06:56 AM   #49
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Old 09-11-2007, 08:17 AM   #50
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This has always been my philosophy, but sadly the imitators are getting just as rich as the innovators.
The innovators will earn money as they are continually innovating while the imitators are stuck piggybacking and getting left behind.
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