KEY
QUEST PUBLISHING
Finding a niche is essential for any business startup.
For Dackeyia Q. Simmons (www.entertainmentpower.com) that
niche was a business directory for individuals pursuing
a career in the Entertainment industry. The immediate
idea was a book, but the process to get a book published
is full of struggles and endless possibilities. Publishing
houses exert great control over the layout, content and
vision of a book, and that led her to a risky but rewarding
decision: Self-Publishing. But it took her eight years
to get her business Key Quest Publishing and her book
Entertainment Power Players in the market. The struggles
were many but her determination was unshakable. Hundreds
of rejections letters from advertisers, death within her
family and circle of friends, maintaining steady employment,
researching material for the book, and creating a business
plan obscured her vision, but she never lost sight. Today,
her book is found on 80 campuses, 30 libraries and in
10 bookstores nationwide.
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CLICK2ASIA.COM
Joseph Cheon (www.click2asia.com) started chatting on
the internet in 1994. Then in 1995, he took his hobby
a bit further by creating his own website called KoreaLink.com,
which he funded with $5,000 of birthday money he had saved.
The site’s popularity grew and so did Joe’s
overhead. He ended up borrowing $250,000 during the first
year, without generating any revenue. In 1996, KoreaLink.com
was recognized as one of the top 100 sites in the country
by industry experts. Then advertisers took notice, and
Joe’s very expensive hobby became a business. By
the end of 1998, he had paid off the debt and was ready
to take on another challenge. In 1999, he partnered with
Chinese American entrepreneurs and decided to go after
the global Asian market. They launched a new media company
and web portal called Click2Asia.com in September of 1999
offering free services like ISP and long distance calling
to all its members. It was financed by $1 million of angel
investment from prominent entrepreneurs. Three months
later when the money ran out, Joe and His partners secured
a second wave of financing in the amount of $10 million.
Today, they have over 500,000 members, 100 employees and
offices in Los Angeles, China and Korea.
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In
Secrets of Success, President of Multicultural
Associates Carlos Conejo (805-494-0378) talks about how to recognize
emerging markets.
Studio
Guest is President and Founder of New Venture Consulting
(www.new-venture.com) Cheryl Mann.
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