Comments on: You won’t be bought by Google, so Quit Fooling Yourself; you need a sound financial model! http://kevinelliott.net/blogs/entrepreneurial/2008/07/07/you-wont-be-bought-by-google-so-quit-fooling-yourself-you-need-a-sound-financial-model/ The Entrepreneurial Spirit: Captured and Shared Sun, 30 Aug 2009 22:12:59 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Siva http://kevinelliott.net/blogs/entrepreneurial/2008/07/07/you-wont-be-bought-by-google-so-quit-fooling-yourself-you-need-a-sound-financial-model/comment-page-1/#comment-343 Siva Tue, 24 Mar 2009 17:55:11 +0000 http://www.kevinelliott.net/blog/?p=36#comment-343 A very informative article. It is surprisingly true that today's popular IT ventures are based solely on promoting some new idea rather than building a healthy revenue model. While the traditional business-men think of creating personal wealth through sustainable revenues, the new-age IT related promoters actually believe that they can find a bigger fool to buy their business void of any revenue and create personal wealth in the process. It is called a "bubble" when the fact that you can sell it off later at a higher price is a solely sufficient reason to buy something instead of its inherent value. The web-based businesses, even the ones with a fairly decent revenue model need to be careful with their financial projections because IT industry has literally no entry barriers. Anyone with a decent novel idea can get loaded with Dollars from some Venture capital firm and become a serious competitor almost overnight. The assumption of steady market-share or growing market-share needs to be taken with a pinch of salt while evaluating IT financial proposals. The maturity of the financial model builder can be seen from the realistic nature of the assumptions. A very informative article. It is surprisingly true that today’s popular IT ventures are based solely on promoting some new idea rather than building a healthy revenue model. While the traditional business-men think of creating personal wealth through sustainable revenues, the new-age IT related promoters actually believe that they can find a bigger fool to buy their business void of any revenue and create personal wealth in the process. It is called a “bubble” when the fact that you can sell it off later at a higher price is a solely sufficient reason to buy something instead of its inherent value.

The web-based businesses, even the ones with a fairly decent revenue model need to be careful with their financial projections because IT industry has literally no entry barriers. Anyone with a decent novel idea can get loaded with Dollars from some Venture capital firm and become a serious competitor almost overnight. The assumption of steady market-share or growing market-share needs to be taken with a pinch of salt while evaluating IT financial proposals. The maturity of the financial model builder can be seen from the realistic nature of the assumptions.

]]> By: kpellegr http://kevinelliott.net/blogs/entrepreneurial/2008/07/07/you-wont-be-bought-by-google-so-quit-fooling-yourself-you-need-a-sound-financial-model/comment-page-1/#comment-112 kpellegr Sun, 21 Sep 2008 15:40:58 +0000 http://www.kevinelliott.net/blog/?p=36#comment-112 Great article and very true. In fact, there is a great book on why we unconciously convince ourselves that we *will* get the lucky break and or business will not fail. "Your money and your brain" by Jason Zweig discusses the various reasons why people are always convinced that their stock will go up and that they will be bought by Google... ;-) Great article and very true. In fact, there is a great book on why we unconciously convince ourselves that we *will* get the lucky break and or business will not fail.
“Your money and your brain” by Jason Zweig discusses the various reasons why people are always convinced that their stock will go up and that they will be bought by Google… ;-)

]]> By: expertsandy http://kevinelliott.net/blogs/entrepreneurial/2008/07/07/you-wont-be-bought-by-google-so-quit-fooling-yourself-you-need-a-sound-financial-model/comment-page-1/#comment-111 expertsandy Sun, 21 Sep 2008 03:40:06 +0000 http://www.kevinelliott.net/blog/?p=36#comment-111 This is a good guide for the people wanting to build their businesses. People are just thinking of short term gains and don't plan their financial model well. This hurts them in the long term. The article has eye opening information on what not to do and what needs to be done. I am very impressed with the way it has given step by step instructions on what should be done to develop a strong financial model. This is a good guide for the people wanting to build their businesses. People are just thinking of short term gains and don’t plan their financial model well. This hurts them in the long term. The article has eye opening information on what not to do and what needs to be done.
I am very impressed with the way it has given step by step instructions on what should be done to develop a strong financial model.

]]> By: Team Cohesion and Building Great Things Quickly | sheeptrader http://kevinelliott.net/blogs/entrepreneurial/2008/07/07/you-wont-be-bought-by-google-so-quit-fooling-yourself-you-need-a-sound-financial-model/comment-page-1/#comment-110 Team Cohesion and Building Great Things Quickly | sheeptrader Tue, 29 Jul 2008 21:05:42 +0000 http://www.kevinelliott.net/blog/?p=36#comment-110 [...] about You won’t be bought by Google, so Quit Fooling Yourself; you need a sound financial model! [...] [...] about You won’t be bought by Google, so Quit Fooling Yourself; you need a sound financial model! [...]

]]> By: Your page is now on StumbleUpon! http://kevinelliott.net/blogs/entrepreneurial/2008/07/07/you-wont-be-bought-by-google-so-quit-fooling-yourself-you-need-a-sound-financial-model/comment-page-1/#comment-109 Your page is now on StumbleUpon! Mon, 07 Jul 2008 10:47:51 +0000 http://www.kevinelliott.net/blog/?p=36#comment-109 <!--%kramer-ref-pre%-->[...] Your page is on StumbleUpon [...]<!--%kramer-ref-post%--> [...] Your page is on StumbleUpon [...]

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