Over on EconoTrix I’ve been working on some ideas for how small geek run projects can be promoted to bring either financing or partners into help them out. Many of us run a bunch of small essentially electronic micro businesses, whether it is just the monthly Google Ad check or some ecommerce deal.

The rules are:

1. Focus on one and only one clearly defined economic activity.
2. Distribute revenue early and often.
3. Attempt to eliminate the burn rate.
4. Pay stakeholders with shares, not salary.
5. Keep a flat democratic command structure.
6. Fund capital costs seperately from the fixed costs.

To read more about why see the full article The Electronic Micro Venture or for just a more detailed description about the rules themselves see: 6 Simple Rules for Micro Ventures