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This is part III of a three part series. Click here for Part I and Part II John Fitch was first. He spent the majority...

Fast Follower III – First Mover Disadvantage

This is part III of a three part series. Click here for Part I and Part II John Fitch was first. He spent the majority of his adult life fruitlessly attempting to capitalize on the novelty and uniqueness of his invention. Unable to raise funds from wealthy individuals, he solicited $300 from a hodgepodge of small businessmen, including tavern owners, grocers and physicians. In a matter of months, he developed technology that was superior to that created by the world’s leading scientist over the prior 15-years, despite his lack of a formal education. He debuted his technology in Philadelphia at the 1787 Constitutional Convention. It exceeded his expectations and thrilled those who witnessed it, including a number of prominent Founding Fathers. However, he was still unable to secure adequate funding to commercialize his technology. Fitch spent the next three years traveling the country repairing clocks as a means of surviving, all the while saving money for the eventual launch his venture. In 1790, he began offering a service that eventually transformed world commerce and generated trillions of dollars of wealth. Unfortunately for Fitch, his adVenture folded 18-months after it began.  In 1798, at the age of 55, a frustrated, destitute Fitch scrimped together enough money to purchase a handful of opium pills, which he used to end his life. His suicide note was prophetic: “The day will come when some more powerful man will get fame and riches from my invention, but no one will believe that poor John Fitch can do anything worthy of attention.”
In his premier film appearance in the blaxploitation send-up “I’m Gonna Git You Sucka,” Chris Rock inadvertently illustrates a key pricing issue faced by most...

How Much For A Rib? Pricing Should Be Based On The Value You Deliver - Period

In his premier film appearance in the blaxploitation send-up “I’m Gonna Git You Sucka,” Chris Rock inadvertently illustrates a key pricing issue faced by most entrepreneurs when they initially launch a new product or service. Watch this 93-second clip and see if you can identify the pricing pitfall addressed in this humorous clip. Caution: the clip contains a bit of profanity. It is Chris Rock, after all.
Title/Summary: Entrepreneurs can change the world Video Author: Grasshopper.com infoChachkie Nuggets: A beautiful inspirational entrepreneurial video that clocks in at just 2 minutes, 19 seconds....

InfoChachkie Nuggets #2 - June 05 2009

Title/Summary: Entrepreneurs can change the world Video Author: Grasshopper.com infoChachkie Nuggets: A beautiful inspirational entrepreneurial video that clocks in at just 2 minutes, 19 seconds. Link: <Click Here>
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