Archive for December, 2006

The Dotcom Bust? Not As Bad As You Think

FOXNews.com - The Dotcom Bust? Not As Bad As You Think - Small Business

“To say we were surprised at the results is an understatement,” said David Kirsch, professor at the Robert H. Smith School of Business at the University of Maryland and a co-author of the study. “We started the business plan archive to study failure and expected our results to reflect a high rate of collapse in the businesses we studied. We had undergraduate research assistants coding some of the material, and when, after the first pass through the material, they came to us and said the survival rate was 45 percent, we made them do it all over again. It set us back six or eight months to have them redo everything.”

This is a very informative article which basically says good business is still good business. And that applies to internet business as well. As Michael Porter said early on, and I paraphrase, “on the internet business strategy is not less important, it is more important.” Those that failed forget to plan. They assumed too much. We certainly learned a lot.

6 December, 2006 | No comments