Check Out Task Three of the Sticky Business Contest
It’s the last week of the Sticky Business Contest, and we’re down to 37 participants working hard on Task Four to plan the business they’ve always wanted.
It’s been quite a ride. Participants embraced Task One, and then the odds narrowed down sharply as people realized fast ideas and chasing dreams takes some careful thought.
The downside? That can look like work.
The upside? The work isn’t hard, only takes some thought and can result in a sideline or full-time business – the business of your dreams.
If you want to play along from home and complete tasks on your own for fun, you’re welcome to do so. Why should you? We’ll tell you why.
With a little bit of thought, you can:
- Decide to make a change in your life for the better
- Build a business concept and a plan to reach your goals
- Learn that setting up a solid business foundation isn’t that tough
And in case you missed the first two tasks, you can find Task One and Task Two right here. Why not complete them and post them to your blog?
As for Task Three, here’s what participants worked on last week:
You’ve already outlined your business idea, and you’ve decided how you’re going to differentiate your business from the rest. That’s fantastic! Of course, while businesses offer personal fulfillment, their goal is to create profits for the owner. Your task is to outline how you will price your products or services.
For example, how will you determine prices for your products or services? What basis will you use when setting these prices? What justification will you use? How much profit margin do you feel you will make? How do your prices compare to the competition? What is the cost of goods sold for your offerings?
We want to help as many people win as we can with this contest. The prize? A business that can change your life.
There’s just one week left in the contest. Who’ll make the deadline? Who’ll see their dreams through? Who’s going to end up a winner? We can hardly wait to see.
11 Responses to “Check Out Task Three of the Sticky Business Contest”
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I’ll be interested to see the discussion on this. I don’t think there is any “right” answer beyond the obvious point that profits have to be high enough to sustain you. Other than that, lowball, highball, whatever: personal preference.
I’ll also be interested in the “competition” area. My thoughts on competition are pretty simple:
Don’t worry about your competitors. If you are good at what you do, you will succeed. Yeah, some slimy scum may steal some business from you here and there. Let it go: there’s plenty out there. Or maybe there’s just someone who really is better than you. Study and learn, grasshopper: what makes them better? Imitate and innovate, and you’ll get your share of the crumbs.
Worry most about the value you offer and not about anyone else. You can learn from your competitors but primarily your attitude should be “let them learn from me”.
Tony Lawrence´s last blog post…Fifty is nifty but twenty is plenty by Anthony Lawrence
I’m with you there, Tony.
Competition is a good thing.
I had hand surgery between Tasks One and Two. I could’ve dropped out considering I can barely type for my clients as is. But something compelled me to stick with this until the end although my content may not have been as strong as it could’ve been had my hand been its old self.
Meryl K. Evans´s last blog post…Hey! Your Life Sucks! Life Is a Gift
Aw, Meryl, are you kidding me?! Aw man! Way to go and that’s so cool! (And I hope your hand feels better… ouch!)
Not kiddin’. Today’s blog entries talk about the whole deal. Still can’t type much and pin doesn’t come out until after new year.
Meryl K. Evans´s last blog post…Hey! Clean up Your Email Box!
Cool concept. I am going to check out the web-site.
Build My Business´s last blog post…Building Your Business With a Plan
I rather had fun with task #4. (Possibly too much fun?) The stuff about determining prices, though? That was hard (grin)
–Deb´s last blog post…Mental Radar