Chris Crompton

Logo created by a designer on ScriptLance for $50.

It was the fall of 2008.  I had just sold my web business a few months earlier for close to $300K (at least on paper…).  I decided to start a new business: StrongResume.  From idea to launch was about 3 weeks.  The business made over $1,000 in the first month — and this was monthly recurring revenue!

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I love coming up with new business ideas.  The most exciting part after the idea itself is coming up with the domain name. Wordoid, ajaxwhois, and NameStation are my favorites for coming up with domain ideas.  Then for $9 or so on Namecheap (with an ever-ready coupon from RetailMeNot) I can continue the dream on the cheap.

How many abandoned ideas do you have?

The most exciting part of an idea is often in the first 3 days.   Everything is possible.  Yet there aren’t many businesses that can actually be off the ground and profitable in that little time.  Be warned — that initial excitement may actually be sabotaging your success.

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