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Recent content by GPG

  1. GPG

    Does your product get more or less valuable as it scales??

    Doesn't he address the concept of network effects (the more users a network has, the more valuable the network becomes)?
  2. GPG

    Please need some advice on my idea

    IDEA 
    I work as a consultant in industrial manufacturing. The sales trajectory for large products (e.g. ships or complex components) is too complicated for the model you're proposing, as there isn't a standardized product in many of these businesses. These products are usually ''Engineer To Order''...
  3. GPG

    The founder's dilemma: Wealth or control?

    Many entrepreneurs start out expecting that they can become wealthy and remain in control of their business at the same time. However, research by Harvard shows that entrepreneurs who became wealthy and were CEO at the same time are the exception. The founder usually has a strong connection...
  4. GPG

    Is There Randomness?

    OFF-TOPIC 
    When creating a brand new product or service which up until that point was totally unknown to the customer, then it will be hard to predict in advance if the product will be sold, at what price, at what quantity, etcetera. This is because there is no information available on how the customer...
  5. GPG

    Take an already successful business - and make it Fastlane

    This seems like an excellent way to expand your business within one year. It will eventually enable you to serve more customers in your area and will generate additional revenues. The cash which comes in can be used to fuel further growth of your business. I don't want to get ahead of things...
  6. GPG

    Take an already successful business - and make it Fastlane

    Interesting opportunity. Before I proceed, I assume that you are capable of purchasing the business, have enough working capital to finance growth, that you are able to run a larger business and that your father is capable of letting his business go. If you take over his business, he should not...
  7. GPG

    Entrepreneurs Do Better With College: Study

    That you don't need a college or university degree to become a successful entrepreneur has been proven many times. The number of posts which mention a successful entrepreneur who has dropped out of college are endless by now. However, a college or university may actually be useful for starting...
  8. GPG

    I've Read The Millionaire Fastlane!

    GOLD! HOT! 
    Bought and read the book already in February 2011, but haven't become active on the forum since a few weeks ago. Have re-read it in August 2012, just before starting a Master in Entrepreneurship. It is great to see a down-to-earth vision on becoming a successful entrepreneur which is not taught...
  9. GPG

    How to: Choose an industry/market for your business

    Do you want to enter a market or do you want to create a market? The first one implies that there is already a problem/need and that there are possibilities for customers to solve that problem. In that case, you need to do something different (better) than the existing market players in order to...
  10. GPG

    Would these 2 website ideas be profitable?

    IDEA 
    Denmark is a much smaller market than the US market, which will make the potential returns smaller. But since it is a relatively low-cost business model, it can definitely become profitable. Also, having some more information next to just keywords may help you in determining if the business has...
  11. GPG

    Wanting to start a new business? Use discovery driven planning.

    I just finished a course in Entrepreneurial Start-up in which I learned an interesting method for creating and developing new businesses: Discovery Driven Planning (DDP). Some aspects can be linked to concepts which are mentioned in TMF. Since the articles are somewhat long and technical, I will...
  12. GPG

    Private Equity

    The world of Private Equity and Venture Capital is not very accessible, as far as I'm concerned. I had to read an article on PE and VC six weeks ago, which did explain a few key success factors of these kind of investors. In essence, they are masters in managing information asymmetries...
  13. GPG

    Here to destroy all your preconceived notions about college

    HOT! 
    In my opinion, all of your statements make sense in some way regarding choosing for college or university. However, I have been raised in the Netherlands, where the college and university experience may be different than yours. A major difference is that going to college or university in the...
  14. GPG

    Student Entrepreneurship and New Business Venturing checking in!

    New member checking in here! Actually, I have been a member for more than a year, but never introduced myself. I am a 22-year old Dutchman with a family business background who is currently studying Entrepreneurship and New Business Venturing at a Dutch business school. I bought and read TMF...
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