tag:blogger.com,1999:blog-7821345570811107481.post5911492263635627395..comments2024-03-17T00:13:44.599-07:00Comments on Marty Nemko: The Un-MBA: I teach the aspiring self-employed the opposite of what is taught in business schoolMarty Nemkohttp://www.blogger.com/profile/14850388752934193821noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-7821345570811107481.post-11680917056184586912020-04-24T19:07:32.435-07:002020-04-24T19:07:32.435-07:00Mr. Nemko
The logic of your arguments is sound. ...Mr. Nemko<br /><br />The logic of your arguments is sound. Indeed, these type of businesses stand a higher chance of success than a fancy, high tech start up.<br /><br />However, keep in mind that if such businesses bear fruit, competition will come. In my part of the country, coffee stands are quite popular and market saturation has gotten to the point where its quite hard for them to make any money. If both the cognitive and capital barriers to entry are low, you will get competition who will be able to go head to head <br />with you since it doesnt take a genius to copy such a business.<br /><br />So, you will either need to saturate a particular geographic area if it is virgin territory, or be willing to constantly innovate or lower your prices to deal with the competition. So, some of your profits will need to be re invested to keep it viable.<br /><br />If a person is willing to relocate, consider a semi rural area with decent purchasing power. Many of these areas are under served by these kinds of businesses. You will be able to dominate the marketplace in a way not possible in large metro areas.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7821345570811107481.post-87001909092559923222016-02-05T11:23:53.737-08:002016-02-05T11:23:53.737-08:00May I just say what a comfort to discover someone ...May I just say what a comfort to discover someone who genuinely understands what they're discussing on the internet.<br />www.bestkeptself.comBestKeptselfhttps://www.blogger.com/profile/08051236424571617549noreply@blogger.comtag:blogger.com,1999:blog-7821345570811107481.post-90120895748350919642011-12-08T11:25:46.770-08:002011-12-08T11:25:46.770-08:00Tutoring or anything writing-centric: e.g., speech...Tutoring or anything writing-centric: e.g., speechwriting, ghostwriting, copywriting.Marty Nemkohttps://www.blogger.com/profile/14850388752934193821noreply@blogger.comtag:blogger.com,1999:blog-7821345570811107481.post-6014448784568137182011-12-08T11:12:34.847-08:002011-12-08T11:12:34.847-08:00Hi Marty,
Do you have any ideas on potential good ...Hi Marty,<br />Do you have any ideas on potential good business that are home or internet-based? One that could be run from different locations? I'm sure you've gotten this question asked many times before!!Savinahttps://www.blogger.com/profile/14808002158168097165noreply@blogger.comtag:blogger.com,1999:blog-7821345570811107481.post-10631817341444155262011-12-03T07:44:11.504-08:002011-12-03T07:44:11.504-08:00Love to read this article again and again,and we l...Love to read this article again and again,and we love to read more articles from you if you like it.Air Duct Cleaning Miamihttp://www.miamikwikdry.com/miami-air-duct-cleaning/noreply@blogger.comtag:blogger.com,1999:blog-7821345570811107481.post-41257257644395151422011-11-01T19:43:43.765-07:002011-11-01T19:43:43.765-07:00I wish someone had say that twenty years ago!I wish someone had say that twenty years ago!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7821345570811107481.post-61920219657241091092011-05-05T13:37:18.745-07:002011-05-05T13:37:18.745-07:00Interesting article in The Economist supporting my...Interesting article in The Economist supporting my contention that the time and money spent on an MBA may well not be worth it, at least in terms of how to run a business. http://www.economist.com/blogs/freeexchange/2011/04/education_1<br /><br />Just because it's free and it's short, I encourage you not to dismiss the value of the un-MBA I present here.Marty Nemkohttps://www.blogger.com/profile/14850388752934193821noreply@blogger.comtag:blogger.com,1999:blog-7821345570811107481.post-56399255455081786752011-04-20T23:25:10.436-07:002011-04-20T23:25:10.436-07:00It is purely charitable. I have more clients than ...It is purely charitable. I have more clients than I need: I turn down many. And even if had needed clients, I could have gotten far more clients with far less effort by networking, taking ads, etc., than the zillion hours it has taken to write the 700 or so blog posts and 600 articles I've written. Also, if I were interested in money, I would, like most blogs and sites, accept advertising. Not only have I not solicited any ads, I've turned down many offers to have ads on my site. Yesterday, for example, a Big & Tall clothing chain wanted to pay me $720 a year for a single-line text ad. <br /><br />Perhaps most telling, so many of my posts not only have nothing to do with career coaching but present unpopular perspectives (for example, pro-male, libertarian-leaning, skeptical about whether it's worth massive spending to try to cool the globe, etc), which, if anything, reduce my appeal as a career coach.<br /><br />I guess if it's one thing I want from doing the blog is the respect that should come from my readers for my working past midnight on many days to blog, tweet, and write articles for my site--all so I can hopefully make the world better.Marty Nemkohttps://www.blogger.com/profile/14850388752934193821noreply@blogger.comtag:blogger.com,1999:blog-7821345570811107481.post-73367109681239082072011-04-20T23:00:11.424-07:002011-04-20T23:00:11.424-07:00Marty,
I love your show, listen on Stitcher. Lov...Marty,<br /><br />I love your show, listen on Stitcher. Love your blog too. But to call it "purely charitable" is a bit misleading. You don't "only get comments"; you also increase your credibility and, I would presume, potentially at least, increase your client base.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7821345570811107481.post-68923323318339327662011-04-19T13:09:25.901-07:002011-04-19T13:09:25.901-07:00Congratulations! Really nice article on MBA ...
K...Congratulations! Really nice article on <a href="http://nimt.co" rel="nofollow"> MBA </a>...<br />Keep posting..Bhushan Pratap Singhhttps://www.blogger.com/profile/01847674691662540417noreply@blogger.comtag:blogger.com,1999:blog-7821345570811107481.post-71051226717663370252011-04-15T08:41:30.594-07:002011-04-15T08:41:30.594-07:00Dear Anonymous who said s/he wished I'd had be...Dear Anonymous who said s/he wished I'd had been her professor at San Francisco State,<br /><br />As a previous commenter mentioned, around 25 years ago, I was a candidate for a professorship at San Francisco State. After the six-person team had interviewed me, the chair of the Educational Psychology Department, Mark Phillips, asked the other interviewers to leave and for me to stay behind. I'll never forget what he said: "If you tell anyone I said this, I'll deny it, but I want to save you the cognitive dissonance. You are, by far, the strongest candidate for the position, but you don't stand a ghost of a chance of getting it. The dean has informed us that the next seven tenure-track professorships WILL be filled by women and minorities." I've occasionally mentioned this anecdote but never mentioned the name of the professor. But it's been at least 25 years ago now and I can't resist responding to that snarky commenter who implied I wasn't good enough to get a tenure track position, so I decided to add credibility to the story by naming names. <br /><br />I might mention that it saddens me that even when I do a purely charitable act, writing this blog, requiring great time and effort and receive nothing but your comments in thanks, that there are those who feel the appropriate response is to make personal attacks, even when unfair. I don't know why it bothers me. It shouldn't, but it does. <br /><br />MartyMarty Nemkohttps://www.blogger.com/profile/14850388752934193821noreply@blogger.comtag:blogger.com,1999:blog-7821345570811107481.post-4917512810558933202011-04-15T08:21:45.451-07:002011-04-15T08:21:45.451-07:00Indeed, two of my first successes as a career coun...Indeed, two of my first successes as a career counselor were in helping my clients start just such businesses: hot dog carts and then pizza-by-the-slice, which back in 1985 didn't exist in the Bay Area. And I first did my learning in this area from my father whom, as a young teenager, helped run such a low-status business.Marty Nemkohttps://www.blogger.com/profile/14850388752934193821noreply@blogger.comtag:blogger.com,1999:blog-7821345570811107481.post-47981372367915765002011-04-15T06:59:49.600-07:002011-04-15T06:59:49.600-07:00Marty, that's some good advice. But I wonder-...Marty, that's some good advice. But I wonder--have you ever started a business yourself like the ones you describe in your article and following your own steps?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7821345570811107481.post-1649360293788490662011-04-15T01:18:59.260-07:002011-04-15T01:18:59.260-07:00I wish you were an SFState professor. I learned mo...I wish you were an SFState professor. I learned more from your website and radio show than most of the professors I took at SFState.<br /><br />As a law student, I am sure some of my professors wouldn't make great lawyersAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7821345570811107481.post-61808927548749011412011-04-14T09:11:08.381-07:002011-04-14T09:11:08.381-07:00Most recent Anonymous, I was tempted to not post y...Most recent Anonymous, I was tempted to not post your comment because it's not constructive, but merely snarky. But I couldn't resist.<br /><br />As I wrote in response to a previous comment, I know the Kronman story because my daughter is a Yale Law School graduate. And with regard to my qualifications to evaluate professors, to avoid bragging, I'll simply ask you to read my bio on www.martynemko.com.Marty Nemkohttps://www.blogger.com/profile/14850388752934193821noreply@blogger.comtag:blogger.com,1999:blog-7821345570811107481.post-54954190554226647892011-04-13T20:26:12.478-07:002011-04-13T20:26:12.478-07:00Two questions, Marty: Where did you get your story...Two questions, Marty: Where did you get your story about Anthony Kronman? And, if you are quite so confidant of your own abilities to the point that you believe you can judge law school and business professors, why are you only a job coach (whatever that is) instead of an Ivy League president or something that better displays your ostensible superiority and educational acumen? (And please, spare us any stories about 'serving humanity' or turning your back on education out of disgust--we know you attempted to get a job at SF State and failed)<br /><br />It's pretty easy to be quarterback, Marty, especially from one's livingroom.<br /><br />Not that it matters, but I was curious.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7821345570811107481.post-80836837755542472202011-04-13T20:10:47.587-07:002011-04-13T20:10:47.587-07:00Thanks, Anonymous. Fixed.
My daughter too is a YL...Thanks, Anonymous. Fixed.<br /><br />My daughter too is a YLS grad. That's how I know the story.Marty Nemkohttps://www.blogger.com/profile/14850388752934193821noreply@blogger.comtag:blogger.com,1999:blog-7821345570811107481.post-14753725354424383622011-04-13T19:53:44.691-07:002011-04-13T19:53:44.691-07:00It's Tony "Kronman", I believe.
---...It's Tony "Kronman", I believe.<br /><br />---YLS gradAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7821345570811107481.post-46234149660502227622011-04-10T14:14:27.703-07:002011-04-10T14:14:27.703-07:00ST, I'll only respond by saying that gregariou...ST, I'll only respond by saying that gregariousness is a plus, not essential. But it is easy, in our job market to find gregariousness and reliability at a reasonable wage, which what, ethically, I'd pay anyway. <br /><br />And as I wrote, status is the enemy of success. Most people would find plenty of challenge in building even a shoeshine business. And I daresay that it's wiser to try to build one of those than to try to defy the enormous odds of creating a business in a field that will attract lots of the best and brightest.Marty Nemkohttps://www.blogger.com/profile/14850388752934193821noreply@blogger.comtag:blogger.com,1999:blog-7821345570811107481.post-41773125326323679242011-04-10T13:32:06.457-07:002011-04-10T13:32:06.457-07:00What if you don't want to run a hot dog stand ...What if you don't want to run a hot dog stand or a shoe shine business, though? Nothing against doing that, but to me it would seem, besides all you mentioned, you would need to be a naturally gregarious, or very friendly & curtious person (and really like dealing with the public), and that would make all the difference in if your business was a boom or bust (and you'd have to hire that type to run the clones, which I see as hit or miss at that hourly rate).<br /><br />For you, I would say you did it more with multiple income streams with what you're good at, career counseling, speaking, writing, than cloning a basic business.<br /><br />Maybe you're just using those businesses as the concept base to work from. It would be interesting to hear what types of businesses your clients have started (being general and not revealing too much if it's a confidentiality issue).<br /><br />For me, for example, I'm good with numbers, logic, and processes, so I fit fairly well in a corporate cubby hole where I get to be logical all day. I don't see myself striking out on my own any time soon, unless a major event happens to my career, for example. If I did, I can see myself helping several clients with their Excel spreadsheet problems and being something like a consultant, going from short job to short job at different organizations. Maybe smaller ones that didn't have the big corporate pool of people to tap into.<br /><br />One thing about starting a business, age matters quite a bit, too. Someone older, more established, maybe having family responsibilities, isn't likely to risk it all like a twenty something could do and still bounce back, if they failed.<br /><br />About innovation. Surprisingly, at a big corporation (maybe depends on industry), things are very UN-innovative when it comes down to it. Why mess with the bread and butter business that is bringing in 100's of millions? They give us the innovation pep talk all the time, too. Har, har.STnoreply@blogger.com