When a New Partner Joins

What happens when a new partner joins a partnership? One more voice in every decision making discussion and profit is shared with one additional person. But if this person is a superstar these are small prices to pay for a great...

EIDL Loans

Are EIDL loans good terms for businesses? The best loan terms I have ever seen. Deferred for a year and then paid back over 30 years with low interest. GET ALL YOU CAN!

Why Entrepreneurs Fail

What are the three main reason for start up ventures to fail? Why Entrepreneurs Fail They fall in love with their idea and don’t allow it to be tested. They don’t have the personal qualities of a successful person. (initiative, determination, focus, relentless...

Unsecured Loans

Why are unsecured loans such a bad idea? It is not the best loan. Normally you only do an unsecured loan to a family member or friend fully aware you may not get the money back.

Paying Yourself as the Startup Owner

How do we pay ourselves as a startup owner? A very simple rule of when the founder gets paid in a startup. “Last and only after it is profitable.” And how? I recommend if you live in the U.S. to take a standard paycheck with taxes taken out so you don’t get in tax...

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