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Monday, August 31, 2009

Damn! Two things I am trying to do to earn $$!

The 7 Most Overrated Businesses
By Kelly K. Spors and Kevin Salwen

Open for BusinessWith roughly 6.7 million jobs lost since the start of the recession, it's tempting - and often a great idea - to launch your own business. That way, of course, you can take matters into your own hands. No more rolling your eyes at the boss; it's your show.

But many people do a lousy job of picking businesses they can realistically turn into a profitable operation.

"There's this very sad pattern about how people start businesses," says Scott Shane, an entrepreneurship professor at Case Western Reserve University in Cleveland, Ohio. "People are most likely to start businesses in industries where start-ups are most likely to fail."

The problem: Many would-be entrepreneurs are drawn to businesses they like to patronize or the ones that are cheapest and easiest to start. Instead, experts argue, aspiring entrepreneurs should create firms in which they have professional experience so they have a competitive advantage in the market.

So, what are most overrated businesses out there? We spoke with small business experts to find out. Here are seven you might want to think twice about - and then maybe twice more.

1. Restaurants. Dining out and cooking are among Americans' favorite pastimes. But "restaurants are among the toughest businesses to run," says Donna Ettenson, vice president of the Association of Small Business Development Centers in Burke, Va.

Far too many people assume their culinary abilities will lead to success in the restaurant business. Instead, about 60% of restaurants close in the first three years, according to a 2003 study at Ohio State University. That's quite a bit higher than the roughly half of all start-ups that close in the first five years.

The reason: Restaurants typically have low profit margins and need strong managers who can run an ultra-tight ship through seasonal fluctuations and other struggles. Most people don't have that kind of intense managerial ability to pull it off. By the way, the pitfalls are quite similar for restaurants' cousin – the catering business. In other words, Chef Emptor.

2. Direct Sales. It's a tempting pitch: Work from home and earn commissions by selling cosmetics, kitchen knives or cleaning products. But companies that recruit independent sales reps tend to attract new team members by pointing to the success of their highest earners.

A harder look shows that those high earners are making big money in large part by recruiting new reps into the organization and getting bonuses or a cut of their recruits' commissions, says Ken Yancey, chief executive of SCORE, a Herndon, Va., organization of current and retired business executives who volunteer time counseling entrepreneurs. The new reps then have a much harder job because they need to recruit more people on top of selling product even though the number of reps out there is increasing.

The result, Yancey says: "Most of them wind up with a bunch of jewelry or kitchen equipment sitting in their basement that they can't sell."

3. Online Retail. By far, one of the easiest businesses to start is selling items through online marketplaces such as eBay or Amazon. But as online commerce ages and these sites fill up with more established retailers, it's much harder for new, small sellers to compete for attention and generate a viable income.

"A lot of people are thinking it's the Web of five or 10 years ago and you stand out simply because you're on the Web," says Rieva Lesonsky, chief executive of GrowBiz Media, a content and consulting company for small businesses based in Irvine, Calif.

Instead, successful online retailers today must have a handle on sourcing their products at a low enough price, then layering on clever online marketing and fine-tuned logistics. These businesses won't generate much income if they can't be easily found in searches, maintain a good reputation among buyers or add enough value so that sellers can build profit margins high enough to take on bigger players and physical stores.

4. High-End Retail. Many people dream of opening a day spa, luxury jewelry store or designer clothing boutique – businesses they feel good patronizing. But specialty retail businesses close at higher rates than non-specialty stores, according to the Small Business Administration's Office of Advocacy, and are even riskier now that consumer discretionary spending has dried up and people are no longer spending money on little luxuries.

"It's going to be a long time before we return to the days of conspicuous consumption," says Ms. Lesonsky of GrowBiz Media. High-end retailers often suffer from poor locations and lack of understanding of how to source and market their products in an effective way. In today's economy and in coming years, she says, retail entrepreneurs should be looking to sell non-discretionary consumer goods or offer items at a value rather than high-end products.

5. Independent Consulting. Common advice for aspiring entrepreneurs is to stick with industries they know. So, for many looking to escape the corporate treadmill that means turning their professional expertise into a one-person consulting firm.

It seems practical – more companies are indeed relying on independent contractors and freelancers these days – but it's not as easy to pull off as many imagine, says Dennis Ceru, an entrepreneurship professor at Babson College in Babson Park, Mass. Many consultants struggle with time management problems, spending so much time scouting work that it's very difficult to earn steady income. "The difficulty many face is they go through peaks and valleys of having work," says Prof. Ceru. "When the engagement ends, they are frantically looking for work," which may take weeks or months.

A possible solution: "A successful consulting firm needs people to find the work, grind out the work and mind the work. Unless you know you can do all three yourself, you potentially expose your business to great risk."

6. Franchise Ownership. The idea of being handed a proven business plan without the uncertainties and headaches that come with building a business from scratch is understandably alluring. But too many people don't understand the risks associated with franchising and sign restrictive franchise agreements without thoroughly researching their franchisor and their contractual obligations, says SCORE's Yancey.

Some franchisors, for instance, allow franchisees to open stores too close together, oversaturating the market. Or they simply require their franchisees pay so much in royalties and fees or other operational costs that it's very difficult to be profitable. Beyond that, when a franchisee fails, a franchisor may make it extremely difficult and costly to get out of its contract.

It's a myth that franchises are far more successful than independent businesses. A 1995 study by a researcher at Wayne State University found that 62% of franchises were open for business after four years, compared with 68% of independent businesses. And franchises were also found to be less profitable in those early years.

7. Traffic-Driven Web Sites. Everybody has witnessed the success of social-networking sites like Facebook and popular blogs that generate all their revenue off advertising. But as the Internet ages, that's much harder to accomplish, says Martin Zwilling, a start-up consultant in Fountain Hills, Ariz., who specializes in helping entrepreneurs find angel investors.

Zwilling says he hears pitches for new social-networking sites about once a week, but actively deters people from starting them. "I say, skip it," he says. "You need to invest $50 million to get any presence" in the social-networking space right now and it's very difficult to get people to leave established sites. What's more, he says, the amount of traffic needed to build a lucrative traffic-driven Web site is far more than most new Web entrepreneurs realize: "Until you get to the point where you have a million page views a day, you're nowhere."

Friday, August 28, 2009

The Final Destination...



It was entertaining. I wouldn't have paid to see it though. It was kind of predictable too. The acting wasn't that good either. All in all, it was ok. It's probably a good decision for them to end the franchise though. Before it got really bad!

Wednesday, August 26, 2009

More imaginative screenplays...

38 Planned Movie Remakes You Didn't Know About
*WITH NEW BONUS CONTENT BY ME!

Simon Brew

The Thing? Fame? Footloose? Akira? Just some of the names being raided once more by a Hollywood system that's fast running out of ideas...

Published on Mar 12, 2008

We’ve already pointed out recently 30 sequels that were in the works in the factories of Hollywood – but how about remakes? Cast your eyes over this little lot, and prepare to be depressed…

The Shadow
Presumably this a reboot of the hilarious-but-iffy Alec Baldwin non-franchise of the mid-90s. Sam Raimi is producing, and the project is at the screenplay stage right now. Expect a release no sooner than 2010.

Battle Royale
The brilliant, brilliant, brilliant Asian movie is getting a Western remake. Producer Neal H Moritz is currently attached to the project, which has been optioned but not yet got much further. It didn’t help that New Line was linked with funding the film, and the same New Line got swallowed up by Warner Bros totally the other week.

Starfighter
A planned remake of the 1984 movie The Last Starfighter, which remains popular today. Nick Castle is currently attached to direct the project (he did the original as well, although his biggest hit as director is the 1993 kids’ movie Dennis). We fear this one may get lost in development hell. Hope not. NOOO! NOT THIS ONE!!!

The Evil Dead
Sam Raimi is attached to the remake of one of his most loved films, with both he and Bruce Campbell on producing duties. Set for release at some point next year, they’ll have to get their skates on, as there’s no sign of cameras being turned on just yet.

Knight Rider
Forget the recent TV rebooting, the Weinstein Company has the option to produce a feature film, and the original creator of Knight Rider – Glen A Larson – is hard at work on the screenplay. Expect a release around 2010/11. If the new TV version doesn’t kill the franchise stone dead, of course…

Conan The Barbarian
The script is still being written for the remake of one of Arnie’s best-ever roles. It’s a fair bet that Arnie won’t be returning, but Sahara scribes Thomas Dean Donnelly and Joshua Oppenheimer are beavering away on the screenplay. Production may yet start this year, apparently.

Logan’s Run
Uber-producer Joel Silver is pushing this long-mooted remake, which has director Joseph Kosinski attached (whose name is also being linked with the new Tron film). Logan’s Run is believed to be first in line, though, and a 2010 release is being mooted. YEA!!!

Death Wish
Sylvester Stallone is set to step into the role made famous by Charles Bronson in a remake of Michael Winner’s violent original. Stallone is set to write, produce and star, and production is planned to start at some point this year.

The Taking Of Pelham 123
Tony Scott is directing, and Denzel Washington and John Travolta are starring in a remake of the brilliant 1974 Walter Matthau original. David Koepp has written the screenplay, and the film will be released in the Autumn of 2009. ORIGINAL WAS MUCH, MUCH BETTER

Fahrenheit 451
Frank Darabont – he of Shawshank Redemption and The Mist fame – has been linked with a fresh take on the Ray Bradbury book for a while. It seems he’s getting closer to honing a script too for him to direct, but it’s still not ready, so no idea of release date. Tom Hanks had been mooted to star.

Friday The 13th
Marcus Nispel – director of The Texas Chainsaw Massacre remake – has inked his name on the dotted to helm the remake of the original Friday The 13th movie. It’s a great solution: run out of sequels, start at the beginning! It’s in pre-production now for a 2009 release. ORIGINAL WAS MUCH, MUCH BETTER

Last House On The Left
A remake of the brutal 70s Wes Craven movie, this time it’s relative-newcomer Dennis Illiadis in the director’s chair. The cast is rumoured to feature Liv Tyler, along with Monica Potter, Garret Dillahunt and Tony Goldwyn. It’s due to start filming next month, ORIGINAL WAS MUCH, MUCH CREEPIER

Hellraiser
They’ve given up making sequels, so now they’re remaking the 80s original. No sign of Doug Bradley as Pinhead, but Clive Barker has been involved with the script, and Alexandre Bustillo and Julien Maury will be making their English language directorial debuts with the project.

Tron
Will it be a sequel? Will it be a remake? Will they call it a ‘reimagining’? All these questions and more are set to be answered, as three decades on, Tron will be heading back to the big screen in 2010. NOOOO!

Clash of the Titans
The 1981 film is being remade, and Stephen Norrington has – after not being seen behind a camera since League Of Extraordinary Gentlemen – agreed to direct. He did the original Blade, too. Lawrence Kasdan has been penning the script, and the film is in pre-production for a 2010 release.

Akira
A live action version of the iconic anime film of the same name, the adaptation is believe to be being handled in two parts, and Leonardo DiCaprio has been linked with the project. It’s still at the scripting stage, although director Ruairi Robinson is attached to helm.

The Birds
How depressing. Hitchcock’s awesome thriller is getting the remake treatment, with Martin ‘Casino Royale’ Campbell rumoured to be directing, and Naomi Watts linked with the project too. It has a release date of July 2009. OBVIOUSLY, THAT WAS CHANGED. I PREDICTED THIS REMAKE!!!

Frankenweenie
Tim Burton’s terrific early short film is being brought to the big screen by… Tim Burton! There’s logic there, somewhere. December 2009 is the targeted release time.

A Nightmare On Elm Street
Hurray! That ‘reimagining’ word is being used to describe the now-in-the-pre-production stages new Elm Street movie. Michael Bay produces, but doesn’t direct. Thank goodness. STARRING JACKIE EARL HALEY AS FREDDY KRUGER

Westworld
The terrific forerunner to Jurassic Park – also penned by Michael Crichton – Westworld has long been mooted for a remake. Billy Ray, who directed Breach and Shattered Glass, is the latest writer to take a stab at the theme-park-attraction-goes-out-of-control concept. YEA!!!

The Warriors
Director Tony Scott – once he’s finished on The Taking Of Pelham 123 - remains attached to the proposed remake of Walter Hill’s 1979 classic tale of rival gangs on a mission that takes them across a dangerous city. It’s still in the writing stages, and may be held up in development hell for some time yet. YEA!!!

Piranha
Alexandra Aja, who enjoyed success with his remake of The Hills Have Eyes, is directing a potentially 3D version of Joe Dante’s terrific original. A 2009 release date has been eyed up.

Escape From New York
Another John Carpenter classic is getting remade, and Terminator 3 director Jonathan Mostow – with Ken Nolan - is taking a stab at the script. No word if he’s going to direct, but a 2009 release is mooted.

Meatballs
Another 80s comedy getting a remake, Meatballs has – oh dear – Big Momma’s House 2 (not even the original!) director John Whitesell attached to it. And no sign of Bill Murray, either. Never a good thing. BOOOOOOOOO!!! NO BILL, NO ME!!

Howard Stern’s Porkys
A remake of Bob Clark’s bawdy early 80s comedy, this is still in the planning stages with US shock-jock lending his name to the project and the title. It’s planned to have it ready for 2009. Expect an array of shitty sequels if it hits. BOOO!!!

The Lives Of Others
The stunning German film is getting an American remake, with Anthony Minghella attached to produce, but not direct. It’s only been optioned so far, so 2010 would be the earliest you see it. Our advice? See the original. It’s genuinely stunning.

Short Circuit
Number Five is, er, still alive, with original screenwriters coming back for the reboot of the 80s original. No news of a finished script, director or shooting date, though. THEY ALREADY REMADE IT, IT'S CALLED WALL-E (TEE HEE!)
Straw Dogs
Rod Lurie – the man who directed The Contender – is scripting and directing the remake of the Dustin Hoffman-starring original. It’s only been optioned thus far, and so the planned 2009 release date may be optimistic.

1984
Tim Robbins is apparently hunting for the money for a new big screen adaptation of George Orwell’s classic and never-more-relevant novel. He’s not having much luck though, we’re led to believe.

Red Sonja
Roy Thomas (Conan The Destroyer) has been drafted in to write a screenplay for a new Red Sonja film, although don’t expect Arnie to be in it. Nor should you expect it soon.

The Dirty Dozen
Alias veteran Josh Applebaum has the unenviable task of coming up with a suitable script for the remake of the original classic. 2010 is the earliest it’ll be released.

Footloose
Surely not? The 80s musical could be coming back to life if director Kenny Ortega has anything to do with it. That said, given he directed High School Musical and its spin-offs, he’d probably be allowed to do anything he wanted in Hollywood right now. Sigh. Footloose has thus far been optioned, and may go before the camera this year.

Dune
Frank Herbert’s source material is set to be mined again, for a new movie due out in 2010. Peter Berg, who directed the brilliant Friday Night Lights movie, is waving the megaphone, but further details are still sketchy.

The Thing
A remake of the 1982 classic, that’s got Battlestar Galactica producer Ronald D Moore attached to it. That said, it’s being described as a companion rather than a remake. Hmmmm. No word on it going before the cameras yet.

Near Dark
Kathryn Bigelow’s 1987 vampire flick enters the remake chamber, with music video director Samuel Bayer making his debut in the directors’ chair on the film. Cast has yet to be announced, but it appears that Bigelow has had a hand in the screenplay.

The Swarm
This is more like it! Lots of bees! Frank Schaetzing’s book is plundered again for the big screen, with Silence Of The Lambs adapter Ted Tally on scripting duties. No director or cast yet, though.

Fame
Alan Parker’s 1980 musical is being remade by MGM, who originally had a Christmas 2008 release date inked in. Andy Finkman – who directed The Game Plan and She’s The Man – is down to direct, though, and the project will no doubt move forward shortly.

The Witches
Roald Dahl’s book has already been filmed with Anjelica Huston in the leading role, but Guillermo Del Toro is toying with the idea of having a stab himself. No start date has been announced for the project, though.

Saturday, August 22, 2009

Friday, August 14, 2009

S.A.D.

I knew I have Seasonal Affective Disorder, I tend to get really depressed in the winter. Now I have heard that there is a such thing as Summer Seasonal Affective Disorder. I wonder if I have it. On one hand, I could be depressed because I have no job, and no motivation. On the other hand, maybe it's just S.S.A.D. or allergies??!!

Thursday, August 13, 2009

The Time Traveler's Wife...




It was good, although there were some gaps in some of the smaller characters. I.E. The doctor, the main characters keep referring to the doctor as some miracle worker, yet he's only in a few scenes and the movie doesn't fully explain why he is a miracle worker! Why is his best friend his best friend? If I were him, after what I'd seen, I'd hightail it outta there! Overall, it was good.

P.S. Thanks MyTV20 for the great giveaways!

Saturday, August 8, 2009

Dino and Me!



Photo by ktdguru.

Friday, August 7, 2009

My birthday (8/3/2009) day at the Detroit Zoo...

 


Photo by KTDguru
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District 9



I liked it!! Yeah, KTDguru, it may have been formulaic, but I liked it. The only thing that I noticed was that (spoiler coming!) how many times could Wikus escape danger? The special effects were great, the movie was fast paced and I would definitely pay to see this movie again and again.