December 2009 Archives

Well, We Broke Even [NFL Season Ticket Experiment]

I may have slightly over-estimated the potential with our NFL Season Ticket Experiment. We made $47, or $23.50 each. Our initial investment was $2,032. We now have $2,079, or 2.3% more than we started with. So for all intents and purposes we broke even, but definitely learned a few good lessons. But before I get into what I’d do differently, here’s the data: And broken down by section: OK, so why did we barely profit and what would I do differently? The 15% commission is… Continue reading

12/30/09

An Essay on an Essay on Startups

I recently read Paul Graham’s essay entitled What Startups Are Really Like and found it to be so true that I decided to base my second essay off of his essay.  An essay about an essay! Below is an excerpt.  As always, I welcome as much feedback as you’re willing to give.  Happy Holidays everyone! Paul Graham, founder of Y Combinator, a technology incubator for early stage businesses, surveyed over 100 of his founders to try to determine what surprised them about running a business…. Continue reading

12/24/09

Putting the Pieces Together – Teens, Entrepreneurship, Small Businesses, and Unemployment

Everyone is up in arms about the unemployment rate in the US being around 10%. One of the best ways to create jobs is to encourage small business growth.  According to the Small Business Association (SBA), small businesses: Represent 99.7 percent of all employer firms. Employ just over half of all private sector employees. Pay 44 percent of total U.S. private payroll. Have generated 64 percent of net new jobs over the past 15 years. Create more than half of the nonfarm private gross domestic… Continue reading

12/20/09

What Matters Now (or the best free eBook ever)

I’ve had a cold the past few days. I’ve only been able to mentally handle a few hours of work per day. I’ve been spending a lot of time sleeping, reading and watching TV (and by TV I mean a little Hulu, some DVDs, and Sports Center). Lucky for me I’ve been enamored with a new book. More precisely, a free eBook entitled What Matters Now. The book was organized by marketing extraordinaire Seth Godin and can be downloaded on his blog.  The book is… Continue reading

12/17/09

Another Business Magazine Bites the Dust

Last night I picked up the latest issue of Fortune Small Business magazine and started flipping through. I almost never read the letter from the editor, but the headline ”Hail and Farewell” caught my eye. I thought maybe the editor was leaving and moving on. Turns out that this would be the last issue of the magazine. Time Inc is shutting it down. Damn. This is the second great business magazine that’s gone down in the last few years – Time Inc also closed Business… Continue reading

12/10/09

The Sport of Business [Flashback]

From time to time I’m going to be re-posting some of my favorite posts from the old SportsLizard Entrepreneur Blog that preceded Adam-McFarland.net.  I was fresh out of academia and in the process of leaving corporate America.  This was the true start-up phase for myself, my sites, and later Pure Adapt.  This is one of a series of Flashback posts. This post is from August of 2006, about six months after I quit my full time job.  It’s unique in that I feel the exact… Continue reading

12/9/09

The Difference Between School, Work, and Entrepreneurship

Effort. You need effort to succeed a traditional corporate environment. You need it to succeed in academia. You need it to succeed when you start a business. But when it comes to running a company, effort doesn’t guarantee that you succeed like it does in the other two. When you’re in school, your grades are – for the most part – tied to your effort. If you study hard, you’ll score higher on tests. Even if you do bad on tests, you get credit for… Continue reading

12/5/09

Thank You DI Customers!

It’s 4:13 PM on Tuesday and I think this is the first second that I’ve had to relax since last Wednesday. The past five days have been out of control busy. When posted on Thursday I was excited to find out what was to come of our Thanksgiving-Black-Friday-Cyber-Monday sale, but I wasn’t quite sure what to expect. Even with all of the preparation and all of the things we’ve improved upon in the last year (namely the new Detailed Image site, which has only been… Continue reading

12/1/09