Feb 17, 2020 | Sean Answers
In your opinion, what makes a business plan standout above all the others? The one that actually works stands out! A business plan has 3 important objectives: Confirm that your idea is a profitable and doable business concept. Attract investors if needed. Lay out your...
Feb 17, 2020 | Sean Answers
When they say 95% of businesses fail, what do they mean by that? Does it mean they went bankrupt? They didn’t earn any money? This statistic constantly changes, but the commonly shared figure is that most businesses (90%) never make it through year 10. One in two...
Feb 17, 2020 | Sean Answers
You negotiate best when you have leverage or power. You must have something that the other party wants. If you have a very attractive business to sell—with proof of how great it is—then you have more leverage in asking for more money. Be realistic and find a price YOU...
Feb 17, 2020 | Sean Answers
What is a good business name for a fitness studio focused on balance? FIRST, go to the Make Your Own Way | GoDaddy and test all your name ideas there to make sure someone else does not own that domain name for your business. This is always my first step in finding a...
Feb 17, 2020 | Sean Answers
There are 4 key reasons why a business doesn’t grow. AVOID THESE. You have a product or service no one is interested in. You are charging more than your customers perceive your offering is worth. You are not marketing it well and not enough customers know what...
