Do You Need Customer Acquisition Channels?

By guest author Irina Patterson

The greatest challenge that entrepreneurs face in building businesses is to set up effective customer acquisition methods.

At 1M/1M, we have been helping our entrepreneurs to set up compelling channels, be it in reaching large enterprises or small, entrepreneurial companies. >>>

How The 1M/1M Affiliate Program Helps Incubators

By guest author Irina Patterson

If you are running an incubator, you are always on the lookout for quality entrepreneurs to incubate, right?

At 1M/1M we have designed a process that could deliver high-quality entrepreneurs for your incubator right from your own backyard. >>>

FAQ: Why Can’t I Pay For 1M/1M As A Monthly Subscription?

By guest author Irina Patterson

Here is why. The $1,000 annual fee is really about commitment. What we are saying is we are committed to supporting you and your business development for the entire year.

Are you committed to working with us for at least a year? >>>

Rajesh Setty Asks Sramana Mitra About 1M/1M

Rajesh Setty’s in-depth interview with Sramana Mitra about the 1M/1M program can be read here.

1Mby1M Deal Radar 2011: MicroGREEN Polymers, Arlington, Washington

Anything we do to reduce the amount of garbage that gets dumped into landfills is as beneficial to us as it is to the environment. Recycling is important, particularly the recycling of nonbiodegradable materials like plastic. Companies like MicroGREEN Polymers, Inc. in Arlington, Washington, are doing their part to make recycling easier and more affordable for companies such as restaurants, grocery stores and other places where plastic containers and signs are used regularly. >>>

At 100th Roundtable Entrepreneurs Share An Insider’s View Of 1M/1M Program

What began in 2008 as an interactive forum to encourage entrepreneurship in the wake of the financial crisis continues to gain momentum. The One Million by One Million (1M/1M) initiative will be celebrating the 100th free online roundtable for entrepreneurs on Thursday, October 6, 2011. Of the more than 7,000 entrepreneurs who have registered for these free roundtables, well over 400 have pitched their businesses and received coaching from Sramana Mitra. She reflects on the journey here.

During the 100th roundtable, several entrepreneurs who work with 1M/1M from all over the world will be sharing their entrepreneur journeys – their experiences and goals – as inspiration for other startup entrepreneurs. These 1M/1M entrepreneurs, who usually meet during the members-only private roundtables, are at various stages of building their businesses. Each will provide an insider’s view of the 1M/1M program.
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1Mby1M Deal Radar 2011: iOffice Corp, Houston, Texas

There will be a need for companies that provide facility management services as long as people need to go to work. Companies like the Houston, Texas–based iOffice Corp are valuable not only because organizations have to provide comfortable, functional workplaces for their employees, but because iOffice in particular makes it easy and affordable for them to do so. >>>

Capitalism 2.0: The Free Rider Problem

If you have studied economics, you are familiar with the free rider problem. To refresh everyone’s memory, here is Wikipedia’s definition of the concept:

In economics, collective bargaining, psychology, and political science, a free rider (or freeloader) is someone who consumes a resource without paying for it, or pays less than the full cost. The free rider problem is the question of how to limit free riding (or its negative effects). Free riding is usually considered to be an economic problem only when it leads to the non-production or under-production of a public good (and thus to Pareto inefficiency), or when it leads to the excessive use of a common property resource.

The term free rider comes from the example of someone using public transportation without paying the fare. If too many people do this, the system will not have enough money to operate. Another example of a free rider is someone who does not pay his or her share of taxes, which help pay for public goods that all citizens benefit from, such as roads, water treatment plants, and fire services.

As we think through the restructuring of capitalism as a system, we need to look carefully at the free rider problem.

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