The “Hundred Dollar Business” Experiment
Can a successful business be started up and made profitable with only $100? This is the question that an aspiring entrepreneur Carolynn Duncan is finding out.
For the month of December, Carolynn will be testing concepts she’s been learning in her entrepreneurship class, as well as from her local business community.
Limits of her Experiment
A budget of $100, 30 days, and she must go to sleep by around midnight every night.
Minimum Goal
Set up a well functioning business, pay all business/personal expenses for the month, and make at least $100 back in order to (possibly) start a next Hundred Dollar Business in January.
Core Business Ideas to Test
- Networking
- Negotiating
- Money Is The Last Thing Needed to Start a Business
- Be smart
- Be focused
- Keep it balanced
- Franchise the business
- Be Resourceful
- Get Around Obstacles
- Think Virally
The above is a great list to use for any business.
To read more on this experiment, check out her site.