What does someone who wants to be an entrepreneur do after college?

schindyguy — Fri, 10 Oct 2008 15:59:18 -0800

I am trying to figure out what do with my life after college for money and in general. I have a couple ideas like remote tech support and web development, please give me your wise advice (very long explanation) After reading lifehacker.com’s “ask metafilter roundup” several times over the last year, I decided last week to actually become a part of this great community (or aka as the hive, right?). I spent my $5 to get on here and want to introduce myself and ask for a little guidance from those wiser than me. After just graduating summa cum laude from the U of Arizona with a marketing/business degree in May, I am now in limbo between partying and real life. I used to be able to drink, get high, drink some more and stay up until 7 AM doing nothing, but now I feel my life should start. I have now moved back in with my two wonderful roommates (mom and dad) to my hometown in Los Angeles (Calabasas… if your unfamiliar with the area: known for Incubus, the Menendez brothers, Will Smith, Howie Mandel, reality shows like Jessica Simpson’s, Denise Richard’s, and the Kardashians). There are a lot more celebrities and powerful people that live and have lived here, but I won’t dwell on that because I don’t think you really care . As I digress, my point is that everyone I live around is very successful (in terms of money).

I have always been motivated by making money (especially on the internet); when I was 12 I first opened up a website selling turbo antenna boosters for FREE (with 4.95 shipping and handling—hope none of you fell for that). It was a great little scheme until the popularity of those things died out (making 5k when I was 12 was amazing). Then I moved on to selling U.S. car flags on eBay immediately following 9/11 (made some nice cash there too). I can relate a lot to another’s post (which I can’t find right now) about having everyone around me think that I was going to cure cancer or start the next Google by the age of 21. My family and friends all still believe that I am going to be the next Bill Gates and its hard for those thoughts to escape my head because I have been so brainwashed by them.

Anyway, my main business has been credit card processing for last year. It earns me some good residual income, nothing that I am proud of, but it covers some very minimal expenses. I plan on working very little on that, just supporting the service for current clients and adding others from WOM. It’s a side thing for me.

So after reading through this post I realized I could really benefit from setting up a similar service myself. I do computer support for about 15-20 family and other clients (they are always asking me if they can recommend me to others, but I say no because I am too busy with other things). I usually install the free LogMeIn on their computer and they call me up when they have a problem. I get $80/hour which seems very high in comparison to the poster’s proposed rates. However, unlike the poster, I would rather get a virtual team together that could log into my client’s computers and fix whatever basic computer problem they have (they should be shifts that will allow 24/7 support). I haven’t worked out the pricing, but somewhere around 20 bucks/month for a certain amount of time spent for help (spyware, MS word problem, printing pictures, installing drivers; anything over that specific amount of time would be more money hourly). I know “LogMeIn’s Rescue” could allow my clients to click on & be able to connect with someone on my team that can solve basic computer problems (the problem is that Rescue is expensive at $200/month which might be nothing in the future but is significant now). Crossloop has what’s called helpers in their network but I don’t know how it would be configured to work properly. There is also GoToAssist (Express Beta) which is currently free and does what I would want it to do, but will eventually cost money. If I went with LogMeIn or GoToAssist, I don’t know where to find qualified techs to be online and available 24/7. This post gives a lot more examples of software to use, but I dont know how I could get that team together. Eventually and down the road,
I would like to do 0% of the actual computer fixing
Oversee customer service/acquisition of new contracts/handle accounting
Have my virtual team be available 24/7 for 100% of my client base.

I have also been making money doing web development off and on for the last 10 years (since turbo antenna). No programming or writing code but using Dreamweaver and templates. I am at the point now where I would like to just be able to middle man the situation and get competent and qualified people together into teams to get these projects done when people ask me. For instance, I have this hotel owner in New York that needs a redesign of his site to include virtual tours, videos, a reservations system, and clone the look and feel of delano-hotel.com website. So if I charge the owner $4000 for the site, I would like to get it done for around $2500 (35% profit). In essence, my profit could be attributed to acquiring the client (finders fee), figuring out the scope of the project and its requirements (alongside developer), drawing up a proposal, handling correspondence/updates with client and team, and payments. I even posted a job on metafilter for this a couple days ago but no hits yet.

Mainly I am looking to put together a team(s) that can get any type of web programming done (web 2.0 design, CSS standards /compatibility testing, backend programming, flash programming…everything) Like if they aren’t the best at doing it, they know the best or a very qualified person to get that part of it done. I have talked to several startup owners like popdeck.com, rocknclothing.com, branders.com and they all told me about Indian development (which may fit my needs or may not). I have looked to online freelance sites (getafreelancer, guru, odesk, elance). Im not sure if Im too critical, but the quality of work and logic doesn’t seem to be there (common sense stuff). I am thinking of a project team that has maybe a manager, designer, variety of programmers, and tester that I can just give a task to and they will complete it. Maybe I should have a couple different teams that could accomplish different aspects; like one team for design, one for programming, and one for testing. Or maybe it needs to be divided along programming types. Most of those Indian guys act like they are one-stop shop solution for web development; they are the best at programming flash and the best at developing a iPhone app and they are also the best designers (and then they show me a mock of their site built in frames/tables). But at the same time I am open to having it programmed overseas if the quality is good and the client will be happy. I am sure that someone in the U.S. knows of good developers overseas and has good enough logic/communication skills to take my input and turn it into something good.

So to wrap this long rambling post about my current life situation:

What path do you think I should take? Should I try putting together the remote support team, the web development team, or stick with the credit card thing? I clearly can’t put 100% into everything.

How should I go about putting together these teams?

What suggestions do you have for current situation I am in?

Thanks for your time and once again sorry for the long post.

Urban & Farm-friendly

pilibeen — Thu, 29 Nov 2007 21:11:38 -0800

Looking for some cool cities with close proximity to agricultural work... I'm currently finishing up a degree in horticulture and planning on beginning my job search in the next month. Ideally I'd like to get into small-scale, organic farming, without having to move out to the boonies.

Are there any cities (bigger is better) you would recommend where I could live within the city, and have a relatively short commute outside to rural areas and farmland?

I'm open to moving anywhere in the US and Canada...but if I had my choice would probably prefer the east coast US.

thanks.

How much does your GPA really matter after college?

tozturk — Mon, 12 Dec 2005 18:33:58 -0800

How much does your GPA really matter after college if you don't plan on doing a stint in grad school right away? Has it stopped you from getting that entry level job? How did you overcome GPA issues? How low is too low? (Ex: 3.0 versus a 2.9 and 3.0 versus a 3.1) Bonus if your experience is related to coming directly out of business school.

Making New Friends

bonheur — Wed, 07 Apr 2004 14:38:04 -0800

I'm new to Minneapolis, fresh out of college, working at a job where my co-workers are much older than me, and I'm feeling a bit stumped over how to go about finding some new friends. I enjoy rock shows, bike riding, indie movies etc., but I feel shy going out all by myself. What are some good ways to find a niche and some good pals in a new town? Besides Metafilter meet-ups, of course.

Ask MetaFilter questions tagged with postcollege

What does someone who wants to be an entrepreneur do after college?

Urban & Farm-friendly

How much does your GPA really matter after college?

Making New Friends