April 11, 2008
TrendCentral: Whether your personal goal is to drop 20 pounds, quit smoking, hit the gym, or even stop biting your nails, stickK uses the power of a "commitment contract" to encourage you to "stickK" to your word.
Developed by two Yale professors with backgrounds in law and economics, the stickK concept is based on the idea that most people will commit to something if either their reputation or their funds are at stake. With this in mind, users are asked to create a Commitment Contract in which they choose a goal and a timeframe, add stakes (completely optional), choose a referee (sister, coworker, etc.) to monitor progress, and choose supporters (your cheering section). The Commitment Journal, in which users leave detailed accounts of their progress (or lack thereof), facilitates an honest, well-documented account of the journey to success or the shameful downward spiral to failure. Add optional stakes? Success gives you your money back, and Failure gives the money to charity (or the lucky someone you've chosen).
STICKK TO YOUR GOALS [TrendCentral]
By Marcel Sim @ 7:49 AM | Online & Social Networks | Comments (1) | Article Link
There are 1 responses to "StickK To Your Word".
This is definitely a cool idea. College Mogul just featured the startup as well. It is a blog that covers college entrepreneurs and startups.
http://collegemogul.com/tag/stickk/
Posted by: Alex Lindahl at April 13, 2008 8:29 PM
Add your own comments
Business opportunity from the US Market Leader in Disc Protection. Recently we told you about the unique Disc protection product D_Skin. The product is great and in fact our only gripe was where to buy it outside America. Well the guys from D_Skin have listened - and are now looking for Distributors worldwide. So what are you waiting for? Contact them and be part of the D_Skin success worldwide! www.D-Skin.com
Click Here for More Information
Free Business Ideas Newsletter
Ever wanted to be the CEO of your very own Starbucks or Amazon.com? Fire your boss and be your own boss? Now you can, with BIZNESS! - the free biweekly business newsletter about new business ideas, opportunities and innovations from around the world. More than just new business trends, BIZNESS! helps the aspiring entrepreneur (you!) with small business advice, business tips, and entrepreneur resources and opportunities.
Subscribe for free now! 
Accounting Software Can Be Sophisticated Or Simple Bookkeeping Software » Accounting software records the financial transactions of a business and provides financial control to achieve the profit and loss performance required. The...
How to Find Your Next Executive Level Position in 90 Days » Article Contributed by Karen Armon Doug Compton, a laid off 43-year-old operations executive, was frustrated. His efforts to find a new six-figure...
Accounting Periods And Basis Periods For Self Employed Business » Accounts are required each year for tax and financial control purposes with preset dates by which those accounting records must be submitted...
How Virtual Assistants Can Amplify Your Business Marketing » Article Contributed by Stephanie Fish Let a trained and experienced virtual assistant handle the small but tedious marketing and research tasks of...
Aspire to be an entrepreneur? Need more small business tips, resources and ideas? Visit GetEntrepreneurial.com now!
