From the category archives:

Business Ideas

Wacky Business Idea #23: Money Back Guarantee

by Mr. Cheap on October 29, 2009

Eaton’s was a famous Canadian department store which was famous for it’s catalog, being a pioneer in having a “no haggling” policy and for its slogan “Goods Satisfactory or Money Refunded.”  Combined with the Eaton’s reputation, this provided a powerful guarantee to customers:  either they’d be satisfied with a purchase, or they would get their [...]

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Wacky Business Ideas: The Too Slow Edition

by Mr. Cheap on October 13, 2009

When I start writing up a wacky business idea, one of the things I do is a quick search to see if someone has already done something similar.  I don’t spend hours on it, but I’ll look for 5 or 10 minutes.  In many ways it’s surprisingly rare to find someone is already doing what [...]

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Ramen Profitable

by Mr. Cheap on September 3, 2009

I was talking to a friend recently and used the term “ramen profitable”, which she found incredibly amusing.  I realized that I had never used the term on the blog or posted about it, even though it’s a very useful perspective on starting a business.
The term was coined by Paul Graham, and he discusses it [...]

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Wacky Business Idea #22: Future Leaders Training

by Mr. Cheap on August 27, 2009

Scott Adams writes some of his business ideas on his blog, and he says people react in one of two ways, they tell him either: it’ll never work dumbass or someone’s already doing it dumbass (and they provide a link). Both are valid reactions to any of my business ideas .
A few years ago [...]

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Small Businesses Destined for Failure

by Mr. Cheap on August 13, 2009

Confucius says “Man without smiling face should not open store”
When I lived at Bathurst and St. Clair, in Toronto years ago, there was a steady stream of new businesses opening and closing.  It was great for me, as I loved to try new restaurants, but it got to the point where I could tell when [...]

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In a comment on a post a while back MoneyGardener expressed interest in hearing some of the business ideas that I’ve had and never developed. Scott Adams writes some of his business ideas on his blog, and he says people react in one of two ways, they tell him either: it’ll never work dumbass or [...]

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Leveraging Old Blog Posts

by Mr. Cheap on May 21, 2009

One of the things that really impressed me when I first met Mike was HOW involved he was in the personal finance blogging community.  When he found a blog he liked, not only would he add it to his RSS reader and start following it (and commenting at it), but he’d dig in and read [...]

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Wacky Business Idea #20: House Resale Insurance

by Mr. Cheap on April 30, 2009

In a comment on a post a while back MoneyGardener expressed interest in hearing some of the business ideas that I’ve had and never developed. Scott Adams writes some of his business ideas on his blog, and he says people react in one of two ways, they tell him either: it’ll never work dumbass or someone’s already doing [...]

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In a comment on a post a while back MoneyGardener expressed interest in hearing some of the business ideas that I’ve had and never developed. Scott Adams writes some of his business ideas on his blog, and he says people react in one of two ways, they tell him either: it’ll never work dumbass or [...]

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Wacky Business Idea #18: Economy Condos

by Mr. Cheap on March 24, 2009

In a comment on a post a while back MoneyGardener expressed interest in hearing some of the business ideas that I’ve had and never developed. Scott Adams writes some of his business ideas on his blog, and he says people react in one of two ways, they tell him either: it’ll never work dumbass or [...]

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In a comment on a post a while back MoneyGardener expressed interest in hearing some of the business ideas that I’ve had and never developed. Scott Adams writes some of his business ideas on his blog, and he says people react in one of two ways, they tell him either: it’ll never work dumbass or [...]

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Wacky Business Idea #16: Patrons.com

by Mr. Cheap on February 12, 2009

In a comment on a post a while back MoneyGardener expressed interest in hearing some of the business ideas that I’ve had and never developed. Scott Adams writes some of his business ideas on his blog, and he says people react in one of two ways, they tell him either: it’ll never work dumbass or [...]

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Wacky Business Idea #15: Create a Movie or TV Show

by Mr. Cheap on November 13, 2008

In a comment on a post a while back MoneyGardener expressed interest in hearing some of the business ideas that I’ve had and never developed. Scott Adams writes some of his business ideas on his blog, and he says people react in one of two ways, they tell him either: it’ll never work dumbass or [...]

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Wacky Business Idea #14: Barcode.com

by Mr. Cheap on October 29, 2008

In a comment on a post a while back MoneyGardener expressed interest in hearing some of the business ideas that I’ve had and never developed. Scott Adams writes some of his business ideas on his blog, and he says people react in one of two ways, they tell him either: it’ll never work dumbass or [...]

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Wacky Business Idea #13: Talk Bars

by Mr. Cheap on October 10, 2008

In a comment on a post a while back MoneyGardener expressed interest in hearing some of the business ideas that I’ve had and never developed. Scott Adams writes some of his business ideas on his blog, and he says people react in one of two ways, they tell him either: it’ll never work dumbass or [...]

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How To Clone Yourself

by Mr. Cheap on September 26, 2008

As a disclaimer to this post, I’ve only really run one business, which never had any employees and failed. With that being said, the ideas in this post have come from more successful entrepreneurs, and when I’ve run it past other people who run their own business they’ve found it intriguing.
“The E-Myth” by Michael [...]

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Wacky Business Idea #12: On-line / Off-line Toys

by Mr. Cheap on September 24, 2008

In a comment on a post a while back MoneyGardener expressed interest in hearing some of the business ideas that I’ve had and never developed. Scott Adams writes some of his business ideas on his blog, and he says people react in one of two ways, they tell him either: it’ll never work dumbass or [...]

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Wacky Business Idea #11: Off-Shore Tailoring

by Mr. Cheap on September 22, 2008

In a comment on a post a while back MoneyGardener expressed interest in hearing some of the business ideas that I’ve had and never developed. Scott Adams writes some of his business ideas on his blog, and he says people react in one of two ways, they tell him either: it’ll never work dumbass or [...]

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In a comment on a post a while back MoneyGardener expressed interest in hearing some of the business ideas that I’ve had and never developed. Scott Adams writes some of his business ideas on his blog, and he says people react in one of two ways, they tell him either: it’ll never work dumbass or [...]

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Pricing

by Mr. Cheap on September 4, 2008

A big challenge for anyone running their own business is determining the right price to charge.
There are all sorts of ideas that claim to give you the right price (such as the idealized “supply and demand” curve from economics), and all sorts of wacky exceptions (such as loss leaders at the grocery store).
Many technical people [...]

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Wacky Business Idea #9: Stockpiling Garbage

by Mr. Cheap on August 26, 2008

Enter in the Giant Book Giveaway if you haven’t already!
In a comment on a post a while back MoneyGardener expressed interest in hearing some of the business ideas that I’ve had and never developed. Scott Adams writes some of his business ideas on his blog, and he says people react in one of two [...]

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Wacky Business Idea #8: Customized Cosmetics

by Mr. Cheap on August 15, 2008

In a comment on a post a while back MoneyGardener expressed interest in hearing some of the business ideas that I’ve had and never developed. Scott Adams writes some of his business ideas on his blog, and he says people react in one of two ways, they tell him either: it’ll never work dumbass or [...]

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Wacky Business Idea #7: Annuities That Work

by Mr. Cheap on July 28, 2008

In a comment on a post a while back MoneyGardener expressed interest in hearing some of the business ideas that I’ve had and never developed. Scott Adams writes some of his business ideas on his blog, and he says people react in one of two ways, they tell him either: it’ll never work dumbass or [...]

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Wacky Business Idea #6: Private Libraries

by Mr. Cheap on July 18, 2008

In a comment on a post a while back MoneyGardener expressed interest in hearing some of the business ideas that I’ve had and never developed. Scott Adams writes some of his business ideas on his blog, and he says people react in one of two ways, they tell him either: it’ll never work dumbass or [...]

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Wacky Business Idea #5: Virtual Mail Drop

by Mr. Cheap on July 9, 2008

In a comment on a post a while back MoneyGardener expressed interest in hearing some of the business ideas that I’ve had and never developed. Scott Adams writes some of his business ideas on his blog, and he says people react in one of two ways, they tell him either: it’ll never work dumbass or [...]

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Wacky Business Idea #4: Gated Community Websites

by Mr. Cheap on June 24, 2008

In a comment on a recent post MoneyGardener expressed interest in hearing some of the business ideas that I’ve had and never developed. Scott Adams writes some of his business ideas on his blog, and he says people react in one of two ways, they tell him either: it’ll never work dumbass or someone’s already [...]

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In a comment on a recent post MoneyGardener expressed interest in hearing some of the business ideas that I’ve had and never developed. Scott Adams writes some of his business ideas on his blog, and he says people react in one of two ways, they tell him either: it’ll never work dumbass or someone’s already [...]

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In a comment on a recent post MoneyGardener expressed interest in hearing some of the business ideas that I’ve had and never developed. Scott Adams writes some of his business ideas on his blog, and he says people react in one of two ways, they tell him either: it’ll never work dumbass or someone’s already [...]

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Wacky Business Idea #1: Healthy Fast Food

by Mr. Cheap on June 5, 2008

In a comment on a recent post MoneyGardener expressed interest in hearing some of the business ideas that I’ve had and never developed. Scott Adams writes some of his business ideas on his blog, and he says people react in one of two ways, they tell him either: it’ll never work dumbass or [...]

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How To Start a Business

by Mr. Cheap on January 2, 2008

The Baglady recently mused about setting her blog up as a business and earning income from it. A number of bloggers who have typically been employees and are thinking about trying to earn some cash running a business probably go through this thought process and don’t know what to do.
When I was starting [...]

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Recession Investing

by Mr. Cheap on October 4, 2007

Apparently Alan Greenspan has gone on record saying a recession may be coming.  He doesn’t think its likely (less then 50% chance), but its a possibility.  Others (also mentioned in the article) think a recession is far more likely to hit other economies/markets.  This got me thinking, if a recession is coming or has hit, [...]

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I can be frugal too

by FourPillars on September 20, 2007

I’ve read a lot of posts on various blogs about being frugal. I’ve never been one to worry about my spending until about a decade ago when I decided to stop spending more money than I made. Since then I’ve been a lot better with money but it’s only been the last year [...]

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Continueing in the same vein as yesterdays new financial products post, another product I’d like to see is “segmented” loans. Basically these would be exactly the same as regular loans, except that you would be able ot “tag” part of them for specific uses, and those tagged parts would each be individually tracked.
e.g. say [...]

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Starting a business

by Mr. Cheap on May 24, 2007

I’m always attracted to the idea of standing on your own two feet and running a business where your compensation is directly in sync with your productivity, and the only person your beholden to is your customers. I’ve tried starting a fair sized venture (a software company that I devoted myself to full-time for [...]

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