To all my fellow Silicon Beachers I have been sitting on the sidelines for far too long listening to all these great conversations on this vibrant Aussie group.
It's about time I got on share my thoughts, opinions, etc but I have been too busy working hard (very hard) to manage 3eep's business activities few the last few months. There have been a lot of interesting topics and related debates about some of the more expected items to be discussed on a group of this nature. One that has not really been covered has been the fundamental premise around revenue generation. In these changing times, revenue generation (for those ventures that are EBIT driven plays vs infrastructure) its paramount that you are clearly focused on understanding how you are REALLY going to generate revenues. You should not be waiting to just build a great product, build an audience or community and then consider how revenues play a role in your venture but should be making revenues an integral part of how your product or service is going to add value to a small focused group of your target market. Too many people I have seen have been treating this area of their business on the side and believe they will deal with it at the appropriate time. From an investors' perspective, the sooner you can demonstrate a microcosm of audience/community usage and some form of financial value is exchanged to both this group and your venture as a "closed loop" the better! In today's market and conditions, I am strongly recommending this to all entrepreneurs that I speak with. For some this is not a natural ability because they are either web development, designers, product oriented and selling (or understanding how to commercialise) their venture comes second or left to those "commercial/bus dev guys" that they plan to hire later. Sorry but a big no no for me. Put simply, demonstrate a "microcosm of commercial value" and your are on the 1st step of business success! Nick Gonios 3eep --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Silicon Beach Australia" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en -~----------~----~----~----~------~----~------~--~---
