by Matt | Oct 8, 2016 | General
After my last post about losing money, I figured I would give you another doozy. Before I get into it, I should say that I am an online retail rookie. Actually, I am an internet business rookie. For those of you that don’t know, I bought my business 8 months...
by Matt | Sep 9, 2016 | Finance, General
It is really easy to keep score in eCommerce. You look at sales and you see how well you did for the day. This post is painful to write. Unfortunately, I have no one to blame but myself. So, here it goes. The “Big Idea” A few weeks ago I got a notice...
by Matt | Aug 29, 2016 | General, Operations
Wow. I cannot believe that it has been 5 months since I wrote my last post. The roller coaster has been going up and down like crazy. I actually partially wrote this a few months ago and have been so busy that I finally have a moment to breathe and finished it....
by Matt | Mar 7, 2016 | General
After my post of the roller coaster of entrepreneurship, I thought it would be great to write about the part of entrepreneurship that is inevitable. Failure. Failure: An omission of occurrence or performance Success teaches us many things but nothing teaches you about...
by Matt | Feb 24, 2016 | Business Search, General
Buying a business is a journey. Along the way you will learn a few immutable truths; some obvious, some not. Here are the 13 things I learned while buying my business. 1. A broker’s job is to sell a business, not be a business man (or woman). A broker is a...
by Matt | Feb 8, 2016 | Operations
The almighty Google algorithm is not perfect. I admit, even as I write this I am a bit nervous the algorithm is going to take its wrath on me. Irrational, but as web entrepreneurs we live and die by it. Google doesn’t like your site, you’re toast. Doesn’t like me...
by Matt | Feb 2, 2016 | Business Planning, Business Search, General
I was on the way back home from Minneapolis and started going through my notes from the week. I came across a list of ideas I have had or explored over the past 1.5 years while I was figuring out what was next. I also included two detours working for other people....
by Matt | Jan 29, 2016 | General
I am proud I paid more for my business than I could have. That’s right, I am proud of this fact. “You’re a sucker!” you say. Maybe so, but I will let you decide. Paying a fair price for something is a business philosophy. I believe that everyone needs to...
by Matt | Jan 20, 2016 | General, Operations
No sales day 1. How could this happen? I did the research, hired the right people to help with diligence, covered myself with contingencies, and did everything else you are supposed to do before buying a business. Where the hell did all the sales go?...
by Matt | Jan 15, 2016 | General
Are you nervous? How do you feel? I was interviewed for a podcast yesterday and the host Chris Yates, asked me how I felt. I guess I really didn’t think about it until then. The past few days have been spent crossing my t’s and dotting my i’s. I called 30...