Top Business Opportunities

Opportunities, Tools, News, Links for Small Businesses


The owner of a bike-tour company improves his business using various wireless technologies.

After racing bicycles professionally for two years and realizing that I was no Lance Armstrong, I found another way to make a living on a bike. I had spent 20 years organizing bike treks with friends through the Alps, the hills of Tuscany and the countryside of Provence. Noticing a growing appetite for such trips, I founded Destination Cycling (destinationcycling.com) in 2002. I now run tours on my bike 70 days a year.

We began offering trips for serious cyclists that duplicated famous races such as the Tour de France in 2005. Our clients are typically Fortune 500 executives. The journeys are very complex for me to manage. We ride 100 miles or more a day for 21 days. I never know when a tire will blow or a hail storm will strike. Our customers pay us $30,000 for the experience of a lifetime and, in some instances, six figures for exclusive tours. They expect us to plan for the unexpected.

FSB Magazine

My baking company is growing incredibly fast, and I often feel I could use a little advice. How can I form an advisory board? -Stephanie Vandegrift, Stephanie’s Premium Bakery, Dallas

Dear Stephanie: “Start with a list of experts you can call on individually,” says Dorothy Adams, a board member of the Stamford chapter of the Connecticut Venture Group (cvg.org), who has served on several advisory boards.

To tackle strategic questions such as growth, someone with investment-banking expertise would be helpful. A fellow business owner whose marketing savvy you admire might be another smart choice. Explain that you’d like to ask them for advice now and then. They’ll probably be flattered.

“No payment is really expected,” she says. “It’s a nice idea to offer them payment in kind. You could thank your advisors with cookies.” You may also want to check out the Alternative Board-TAB (TABSanAntonio.com). It brings the leaders of non-competing businesses together to exchange advice.

FSB Magazine

Flexpetz recently launched in Los Angeles and San Diego, and offers consumers the option of having a dog for just a few hours or days a week. Which is a good solution for people who’d love to have a dog, but are too busy, travel frequently, or live in buildings that don’t allow dog ownership.

The company’s founder, Marlena Cervantes, views Flexpetz like an extended family: “When our dogs spend time with their extended family members, they are lavished with love and undivided attention. We feel our this concept allows our dogs more love and attention than single ownership can often provide.”

Membership is limited, and each dog generally spends time with a small group of people. Monthly membership costs USD 39.95 plus a daily fee, and members can reserve their pooch of choice online. Before being allowed to rent a dog, members go through a mandatory training session with a certified Flexpetz dog trainer. The service aims to expand to New York, San Francisco and Boston soon, followed by other cities in the United States and abroad. One to set up locally? Or how about starting a website that matches two or three owners, facilitating fractional dog ownership based on location, availability and personality?

Unusual Business Ideas That Work

If you want to be an entrepreneur, you’re in good company. An average of 464,000 adults a month create new businesses, according to the most recent statistics available from the Kauffman Foundation, which tracks and promotes entrepreneurship. Technorati Profile

But starting a business is a complicated, risky, all-consuming effort. Indeed, just two-thirds of new small businesses survive at least two years, and only 44 percent survive at least four years, according to a study by the U.S. Small Business Association.

  1. Determine if you’re an entrepreneur or just a wannabe.
  2. Pinpoint an opportunity.
  3. Make sure there’s a market for your idea.
  4. Write a business plan.
  5. Determine your business structure.
  6. Look for funding.

Fortune

It took a few years before Martine Rothblatt got used to describing her daughter’s chronic lung disease as a lucrative market opportunity. “I choked every time I said it - it sounded so immoral,” says Rothblatt, 52. But when she realized that the fastest track to a cure was to launch a biotech firm and then take it public, Rothblatt started United Therapeutics.

The company, based in Silver Spring, Md.,makes and sells Remodulin, a drug that treats pulmonary hypertension (PPH), abnormally high blood pressure in the arteries that supply the lungs. The rare, incurable, and often fatal ailment causes shortness of breath, fainting spells and fatigue. Most treatment options, ranging from daily pills to intravenous medicines, are fully reimbursable by insurance companies.

Rothblatt describes watching her daughter, Jenesis, battle PPH when she was diagnosed as a little girl. Jenesis survived on a mix of pills, but doctors warned that if her condition worsened, she would have to take Flolan, a GlaxoSmithKline (Charts) drug that stays in the bloodstream for only three minutes. It must be continually administered via a catheter threaded directly into the groin or neck. Unstable at room temperature, Flolan requires patients to carry an ice pack 24 hours a day to ensure that it stays cool.

“The treatment seemed worse than the disease,” recalls Rothblatt, stroking one of the three mohawked Labradoodles that roam her offices. “My vision became an inhaled version of the medicine.” Her first step was to develop a drug that lasted longer than Flolan.

FSB Magazine

Books Lambert, who runs TheBeerbelly.com as president of Under Development Inc., is also someone who might have been viewed by some as having a less-than-perfect business model for his venture. But — after the press picked up on his contraption and he got 1 million hits to his fledgling site, as well as about 80 calls from offline media, including CNN and the like — he sold his electronics company, turned toward inventing full-time and his beer belly is jiggling as he laughs all the way to the bank.

Lambert also uses a potent mix of marketing savvy and passion, spiced with some serendipity, to run his site. The Beerbelly, by the way, is a neoprene bag that fits under a shirt and can be used to avoid paying $9 for drafts at sporting events.

eCommerce-Guide


Millions of people have more than one phone number these days — home, work, cellular, hotel room, vacation home, yacht — and with great complexity comes great hassle. You have to check multiple answering machines. You miss calls when people try to reach you on your cell when you’re at home (or the other way around). You send around e-mail messages at work that say, “On Thursday from 5 to 8:30, I’ll be on my cell; for the rest of the weekend, call me at home.”

And when you switch your job, cellphone carrier or home city, you have to notify everyone you know that you have new phone numbers.

A new service called GrandCentral, now in its final weeks of public beta testing, solves all of these problems. It’s a rather brilliant melding of cellphone and the Internet.

Its motto, “One number for life,” pretty much says it all. At GrandCentral.com, you choose a new, single, unified phone number (more on this in a moment). You hand it out to everyone you know, instructing them to delete all your old numbers from their Rolodexes.

From now on, whenever somebody dials your new uninumber, all of your phones ring simultaneously, like something out of “The Lawnmower Man.”

No longer will anyone have to track you down by dialing each of your numbers in turn. No longer does it matter if you’re home, at work or on the road. Your new GrandCentral phone number will find you.

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