I hope my start-up successes and failures can be helpful to your entrepreneurial journey. To get you started, I’ve included the last two entries and something random. Want to know why Free-Market began? Read my first article (here).
Bitcoin is an amazing invention for many reasons. For freedom loving people, it unshackles one’s wealth from government meddling. It’s designed to prevent “money printing” and thus prevent monetary inflation and the dilution of wealth by those who earn and save. For the “unbanked” throughout the the developing world, it allows credit-card-like transactions and with very low fees.
Many say Bitcoin (or something like it) will be the future of money. Why? Because it’s nearly inflation proof and its built-in scarcity make it a store of appreciating value. It’s “governed” by the consensus of its miners and users; and it’s less susceptible to manipulation than than any other store of value, other than gold. In fact, it has the capacity to to return money to the “gold standard.”
Though some may call it money or currency, it’s classified by the IRS and other countries as an asset – and its traded like stocks or other equities. However, there are more and more retailers adapting it as a payment system. Want a Tesla automobile? You can buy one with Bitcoin.
This FREE web book is a step-by-step guide to writing a business plan and starting up a successful business. It contains the best start-up practices, taken from the finest authors and real-world successes. It’s a tested approach to starting successful businesses – updated from my actual start-up experiences.
Start by reading Phase I – Exploration. It will get you from idea creation to the “Go/No-Go” decision.
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