And here is Barack Obama’s Finance Lesson, following Weapons of Mass Reconstruction. It addresses the flaws in Obama’s economic policy.
SM: When you hired people, did they have equity in the company? JJ: Yes, that was one way to entice people to join us.
SM: You had to be cash flow positive for the majority of your business, correct? When did you start breaking even? JJ: It is easy to break even when you are not paying yourself anything. It was not a typical scenario where we had a million dollars, ran with negative cash flow for a while,
SM: What type of traffic levels are you currently seeing? JJ: We are seeing 5-6 million unique visitors a month.
SM: When did you launch VirtualTourist.com? JJ: In 1999 I started talking to Tilman [Reissfelder], who is now my partner. He had the website, which at the time had a clickable map, some open source content, and some paid links. Reflecting back on my travel experiences, I suggested we build something that gave people a
VirtualTourist.com is a Web 3.0 travel community where users and locals share real travel advice and experiences. It is a source of unbiased, user-generated travel content and a premier resource for travelers seeking an insider’s perspective on their upcoming travels. Real travel tips, reviews, and photos are provided by a community of over 1 million
My new Forbes column, Weapon Of Mass Reconstruction, is one that Barack Obama and John McCain should read for a much-needed education on entrepreneurship and economic policy.
This past week I talked with Greg Gianforte, founder and CEO of RightNow and author of Bootstrapping Your Business. Today, to go along with my new Forbes column, I have more bootstrapping tips from serial entrepreneur and storyteller extraordinaire Cree Lawson. Cree says: