Goal: Building a Profitable Business from Scratch

Over the past few years I’ve been trying to start a variety of businesses but have never really hit a success.  As someone who loves reading and studying business, it’s getting kind of embarrassing, so this year’s resolution is to build a business from scratch with no less than $1k in monthly revenue.

My plan of action to accomplish this will be to continue some research I started last year as a part of a Software Roundtable I’m participating in.  This involves calling businesses up and literally getting into conversation with people to find out what their problems are and whether those problems could be solved with software (in particular a “software as a service” web app).  I’ve chosen to focus on medical practices mainly because they’ll always have ‘customers’ and they always seem to have problems.

The process of finding a good idea isn’t easy, and definitely won’t happen overnight, but after talking to dozens of practice managers, I’m definitely beginning to recognize some recurring problems.  Hopefully, at least one of these problems will turn into a good software product I can sell for a monthly fee.

Of course, a business will need to make more than $1k/month in order to really be considered successful, but in my experience, New Years resolutions never seem to be successful if you aim too high (to date, my only real success as far as New Years resolutions are concerned was to start drinking tea!).  So although the bar is set reasonably low to start off with, I definitely hope to build things further once I reach that initial milestone.

That’s all I’ve got to say for now, but I’ll be updating this blog frequently to keep myself accountable, so please feel free to follow along!

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