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Competition is the most important factor in business. If you have a monopoly like Rockefeller did back in the day, you get rich. If you’re competing against everyone in your neighborhood, like some prostitute in Amsterdam, you’ll be fighting your entire life and never make too much.
Cupcakeries are popping up everywhere (check my Twitter list, [...]

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Why not take the fast food example to the pet industry? Take a kiosk, fill it with fresh food for dogs and create treats and meals for pets. Put it in a pet store, or a mall and it could be a giant success.
You could offer supplements, fresh baked treats or organic turkey with carrots, [...]

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By now I’m sure you’ve seen the post on plentyoffish.com, but how about this.
Most people date/marry someone who is within a 1-2 point difference of beauty on a scale of 1-10. Why not create a site like beautiful people/plentyoffish.com that rates people’s attractiveness, doesn’t advertise it and then just shows matches that are 1-2 points [...]

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There’s a ton of blogs out there, a ton of them are trying to sell advertising revenue by putting up a few google ads. But after the first screen (or two) there is no advertising on the side. Why not create a business that replicates ads so that as people read and browse there are [...]

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I’ve been reading about Markus Frind, the founder of plentyoffish.com, and I’m impressed. He built up a lean dating website and now does nearly nothing. He has millions of members and gets billions of page views, in fact he’s near top 10 sites in the world for traffic. Best of all, he now takes $5million [...]

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I’ve been reading David Silver’s new book – Smart Start Ups - and he has some great ideas. He believes that the next fortunes will be made building online or mobile communites and I have to agree with him. One of his ideas is an online grammys.
Basically the business would entail building a community of music [...]

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I have to say Toms Shoes is a great example of what entrepreneurs can do. Blake Mycoskie was traveling in Argentina and saw all of these children with no shoes. Their feet were torn up and he decided he needed to make a difference. He started Toms Shoes where for every pair of shoes he [...]

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There was an excellent article recently on Netflix in Backbone. Apparently in its infancy Reed Hastings met with Blockbusters executives and offered a majority position in the company for $50 million. They said no and signed an exclusive video on demand deal with Enron for 20 years. Blockbuster is now worth $345 million, Netflix $1.9 [...]

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I think user created content is a must for high margins in the businesses of the future. The perfect example of this is threadless.com. They’re essentially a t-shirt company that allows their users to design, vote on and buy t-shirts. Sounds like a simple business, but it’s brilliant.
Since consumers are voting on the t-shirts, you [...]

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