anyone keen for an entrepreneurial challenge???

**mattnelson** · 11-29-2009 10:13 PM

I've seen alot of posts around lately saying what would you do with $1, $10, $12, $500 etc. So why don't we do it???

Does anyone else want to see what they can achieve on a limited budget in a time frame of say three months.

It will test our resourcefulness, make use of our contacts and test our imaginations.

There is no prizes at the end of the road, just seeing what you accomplished and what others accomplished as well, allowing us to pass on any knowledge we picked up to those people that only have (or only prepared to risk) a small amount of funds.

If anyone is interested, post in here and suggest some rules to put in place to ensure fairness etc etc.

Matt

**-BizKid** · 11-30-2009 06:28 PM

Sounds cool I LOVE challenges!
I think the budget should be around $35-40 (or possibly a bit more)
It would be interesting to see what other people would do with such a low budget.

**mattnelson** · 11-30-2009 08:50 PM

Originally Posted by -BizKid

Sounds cool I LOVE challenges!
I think the budget should be around $35-40 (or possibly a bit more)
It would be interesting to see what other people would do with such a low budget.

I was thinking maybe USD100 (simply because it is a decent low budget, sure some people can make an empire out of a red paper clip, but most cant) and 100 days to see what you can produce.

People can use their YE blogs to keep us posted on how things are going.
I think it will be interesting to see what people do (especially whether it is all online with limited budget), how much time they actually spend on the project etc etc.

The reason I say no reward is mainly because it stops people "cheating" and spending more the $100 to come out on top

**-BizKid** · 12-01-2009 05:20 AM

Originally Posted by mattnelson

I was thinking maybe USD100

even better :P

Originally Posted by mattnelson

(simply because it is a decent low budget, sure some people can make an empire out of a red paper clip, but most cant) and 100 days to see what you can produce.

People can use their YE blogs to keep us posted on how things are going.
I think it will be interesting to see what people do (especially whether it is all online with limited budget), how much time they actually spend on the project etc etc.

The reason I say no reward is mainly because it stops people "cheating" and spending more the $100 to come out on top

well thought out, makes sense
now you just need more people

**mattnelson** · 12-01-2009 05:58 PM

Originally Posted by -BizKid

now you just need more people

easier said than done lol. People probably wont be interested with no reward except for personal satisfaction

**ndawson293** · 12-01-2009 06:44 PM

That sounds like a lot of fun and I would love to join in.
I live in the UK so $100 equates to £61.50.
I have just begun a little something with £128 which is double the limit so I will have to start up something seperate. Do we have a start date?

**mattnelson** · 12-01-2009 08:41 PM

Originally Posted by ndawson293

That sounds like a lot of fun and I would love to join in.
I live in the UK so $100 equates to £61.50.
I have just begun a little something with £128 which is double the limit so I will have to start up something seperate. Do we have a start date?

start date will probably be in about a fortnight or so, which gives me enough time to mock up some guidelines.

It will also give some time for some more people to register there interest as there only looks to be about three (including myself) interested at this time. The good thing though is that it doesn't matter how many people do it as its just a method of trialling lots of low cost or free ideas and services to make a profit and it will provide information for people in the future

**mattnelson** · 12-01-2009 08:42 PM

btw, as a kiwi i will have $137.59nz to work with

**ndawson293** · 12-02-2009 12:26 PM

Originally Posted by mattnelson

start date will probably be in about a fortnight or so, which gives me enough time to mock up some guidelines.

It will also give some time for some more people to register there interest as there only looks to be about three (including myself) interested at this time. The good thing though is that it doesn't matter how many people do it as its just a method of trialling lots of low cost or free ideas and services to make a profit and it will provide information for people in the future

Any chance we can make it Jan 1st? Beginning of a new year

And also because I'm on holiday for 2 weeks and get back the 31st.
If it is possible then this challenge sounds like a lot of fun

**mattnelson** · 12-02-2009 06:39 PM

Originally Posted by ndawson293

Any chance we can make it Jan 1st? Beginning of a new year

And also because I'm on holiday for 2 weeks and get back the 31st.
If it is possible then this challenge sounds like a lot of fun

tying it in with the new year isnt a bad idea at all. and i forgot that im going on holiday in jan, but oh well it is only for a week

**ndawson293** · 12-03-2009 01:10 PM

Originally Posted by mattnelson

tying it in with the new year isnt a bad idea at all. and i forgot that im going on holiday in jan, but oh well it is only for a week

Sounds like a plan!

**altwebdesign** · 12-05-2009 12:06 PM

im interested in this challenge!

**joshuaeric** · 12-05-2009 05:08 PM

It is a great idea.

In college I had a professor come in and give each group $20. He then said, make as much as you can out of this by the end of the week.

It was a great exercise.

We created superbowl t-shirts and made almost $100 bucks.

The key to the competition though is a short time frame. I think if you make it months, it would not work. It would have to be weeks. One week worked great for us.

A group is key as well. Doing this alone might lose its edge because you lose the motivation that teammates give you.

Just my .02 though.

**skyhigh007** · 12-05-2009 05:13 PM

I'm up for this challenge as well. So whats the limit dollar

**ndawson293** · 12-05-2009 06:01 PM

I think the limit is $100.

My question is regarding the limit, if a group of investors offered me £400 to fund this, would this be past the $100 limit since my personal contribution toward the project is still less than $100. Thanks. BTW does everyone have MSN?