The company formerly known as Gator, much hated in the industry by web site publishers and much beloved by aggressive internet marketers, has filed its S-1. The numbers are amazing: more than $90 million in revenue and net income of almost $35 million. Very strong numbers indeed, for what many people consider a bottom-feeder.
I didn't realize Google offered both News Alerts and Web Alerts, but I must have inadvertantly signed up for a Web Alert about vSpring (a Utah venture capital firm) because I got one today. Google found a web site that contained an article about vSpring that must not have been there before.
So to my previous blog about signing up for Google News Alerts, I must now add, sign up for Web Alerts too for all the keywords/topics you are tracking.
My Bristol-Myers-Squibb 2003 annual report came in the mail yesterday. I scanned it this morning and noticed a few interesting things and had a new business idea as a result. It reminded me of some advice I've given to entrepreneurs in the past that I'd like to blog about: own 1 share of as many companies as you can in the industries you are interested in.
As a shareholder, you'll receive annual reports and other shareholder notices. These are excellent opportunities to see the big picture, learn what the company is saying to its stakeholders, and how it's operations are doing.
On a little 10-minute Barnes & Noble shopping trip yesterday I bought the following:
Utah Valley Entrepreneurial Forum Lunch, April 8th, 11:45 pm, Provo Marriott
Featured speaker will be Warren Osborn, successful serial entrepreneur. (I met Warren years ago: he�was one of our first board members and investors in Ancestry.com.)
His new company Seastone provides more than 100 million tin containers�for direct marketing and packaging purposes each year. He has strong manufacturing and business connections in China.�He harvested his first company, a very successful video duplication company in the 90s.
I recently demonstrated to a BYU business school class several online tools that I regularly use for market research and competitive intelligence. My premise was that if a business person is omniscient, then the chance that they will create a business that succeeds is 100%. (I suppose there is always a risk of execution failure if you are not also omnipotent, but that's not my point). Omniscience is not possible in this world. But the more knowledge and intelligence you have about an industry and all of its players, the more likely you are to create a successful venture.
So what powerful internet tools can help you gather all known information about industries and companies so that you can more quickly create a successful strategy and alliances for your own business?
My father taught me about SIC codes (now NAICS codes) which the government uses to classify all economic activites.