For the month of December, I’m doing an experiment called "The Hundred Dollar Business” to test concepts I’ve been learning in my entrepreneurship class at BYU, as well as from the amazing business community I'm involved with.
Limits of the Experiment
A budget of $100, 30 days, and I have to go to sleep by around midnight every night.
Minimum Goals
Set up a well functioning business, pay all business/personal expenses for the month, and make at least $100 back in order to (possibly) start a next Hundred Dollar Business in January.
If you'd like to see the ten concepts I'm testing, feel free to read them more in depth at a blog tracking the experiment.
The concept is not completely unique (I didn't steal it, just didn't realize I wasn’t the first to come up with it until after the fact). Similar experiments have been done in September 2006 by local Utahn Matthew Reinbold and November 2005 by Search Engine Guide's Jennifer Laycock.
Additional inspiring, but somewhat unrelated, projects include Blendtec’s amazing "Will It Blend?" viral marketing campaign, LogoWorks’ “Date Lance” campaign, and local MBA student, Ryan Byrd’s “Green Paperclip Experiment".
I’ll be blogging about my experiences on www.hundreddollarbusiness.wordpress.com, as well as on The Carolynn Blog and here on BizImpresario.
Wish me luck!
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