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  • Member You - What B-School Did Not Teach: Starting a Business with Two Babies at Home

    Practice Professional Business- Get Impressive Results
    Being a trustworthy professional in business today might seem obvious, but not always followed. This represents 95% of your business success.If you have a retail store that is a clean store, make sure the doors and windows are clean, make sure the store front looks good. Enforce that your employees stay clean an
    the seller, you will also get surprises from time to time because people might make interesting offers to get your items. For example, I posted a digital camera on my site and one day someone offered me a little puppy!”

    Another advantage of bartering is that people learn to fully utilize their existing “inventory” instead of spending more money on items they desire. Barter will change your mentality and will defi

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    Right after graduating from the MBA program at MIT Sloan School of Management, Wong could not wait to resume her pre-MBA high-flying career: managing director of one of the largest web solution companies in HK. She took a senior management position from a fast-growing company but within two months she realized something was missing in her original plan: that saying good bye to her then 8 month-old baby every morning and missing him all day was hard. She quit the job and decided to start her own business from home.

    It was not like any of the ventures she had started before. With a baby at home and another arriving in a few months, this time Wong had very limited resource, mainly time and monetary investment that she could afford on the new venture.

    After contemplating different business plans, Wong decided to start a niche business: online barter. She founded Woonba.com (the Cantonese pronunciation of “let’s exchange”) in April 2005. After two months of successful Beta operations the free online barter site http://www.woonba.com was officially launched.

    “Barter is rare because people who barter transact with relatively non-liquid media: specific products or services, as oppose to money, a media that can match almost all sellers’ needs,” said Wong. “Yet, barter is much more fun. Buying items or getting services with money is relatively boring and predictable. Bartering, on the other hand, allows you to get what you want with some of your “excess inventory”, be it the bike that has been sitting in your garage forever, or if you were a masseur, the time on your non-fully booked schedule. You have to be creative in the entire process. If you were the seller, you will also get surprises from time to time because people might make interesting offers to get your items. For example, I posted a digital camera on my site and one day someone offered me a little puppy!”

    Another advantage of bartering is that people learn to fully utilize their existing “inventory” instead of spending more money on items they desire. Barter will change your mentality and will defin

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    d missing him all day was hard. She quit the job and decided to start her own business from home.

    It was not like any of the ventures she had started before. With a baby at home and another arriving in a few months, this time Wong had very limited resource, mainly time and monetary investment that she could afford on the new venture.

    After contemplating different business plans, Wong decided to start a niche business: online barter. She founded Woonba.com (the Cantonese pronunciation of “let’s exchange”) in April 2005. After two months of successful Beta operations the free online barter site http://www.woonba.com was officially launched.

    “Barter is rare because people who barter transact with relatively non-liquid media: specific products or services, as oppose to money, a media that can match almost all sellers’ needs,” said Wong. “Yet, barter is much more fun. Buying items or getting services with money is relatively boring and predictable. Bartering, on the other hand, allows you to get what you want with some of your “excess inventory”, be it the bike that has been sitting in your garage forever, or if you were a masseur, the time on your non-fully booked schedule. You have to be creative in the entire process. If you were the seller, you will also get surprises from time to time because people might make interesting offers to get your items. For example, I posted a digital camera on my site and one day someone offered me a little puppy!”

    Another advantage of bartering is that people learn to fully utilize their existing “inventory” instead of spending more money on items they desire. Barter will change your mentality and will defi

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    e business: online barter. She founded Woonba.com (the Cantonese pronunciation of “let’s exchange”) in April 2005. After two months of successful Beta operations the free online barter site http://www.woonba.com was officially launched.

    “Barter is rare because people who barter transact with relatively non-liquid media: specific products or services, as oppose to money, a media that can match almost all sellers’ needs,” said Wong. “Yet, barter is much more fun. Buying items or getting services with money is relatively boring and predictable. Bartering, on the other hand, allows you to get what you want with some of your “excess inventory”, be it the bike that has been sitting in your garage forever, or if you were a masseur, the time on your non-fully booked schedule. You have to be creative in the entire process. If you were the seller, you will also get surprises from time to time because people might make interesting offers to get your items. For example, I posted a digital camera on my site and one day someone offered me a little puppy!”

    Another advantage of bartering is that people learn to fully utilize their existing “inventory” instead of spending more money on items they desire. Barter will change your mentality and will defi

    Call Center Software - Your Tool of Choice in Customer Relations
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    needs,” said Wong. “Yet, barter is much more fun. Buying items or getting services with money is relatively boring and predictable. Bartering, on the other hand, allows you to get what you want with some of your “excess inventory”, be it the bike that has been sitting in your garage forever, or if you were a masseur, the time on your non-fully booked schedule. You have to be creative in the entire process. If you were the seller, you will also get surprises from time to time because people might make interesting offers to get your items. For example, I posted a digital camera on my site and one day someone offered me a little puppy!”

    Another advantage of bartering is that people learn to fully utilize their existing “inventory” instead of spending more money on items they desire. Barter will change your mentality and will defi

    Opening A Dollar Store - Does Location Really Make a Difference?
    Are you opening a dollar store? Have you started looking for a location yet? If not, then it is important to know that finding the right location is without a doubt the most important tasks that you will undertake prior to opening your store. Take the time to thoroughly examine the location options that are available befor
    the seller, you will also get surprises from time to time because people might make interesting offers to get your items. For example, I posted a digital camera on my site and one day someone offered me a little puppy!”

    Another advantage of bartering is that people learn to fully utilize their existing “inventory” instead of spending more money on items they desire. Barter will change your mentality and will definitely save you money from this perspective. Not to mention the fact that barter can also save you time because it combines two transactions (selling and buying) into one.

    One more advantage of this online business is that it allows Wong to connect to the business world while taking care of her 18 months old baby at home as well as expecting her new baby in July. That is the kind of balanced life that she truly enjoys.

    You can check the site out at http://www.woonba.com

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