Focus on Profit

Should you focus more on revenue or profit for a business? Always focus on profit first. Revenue can be 100 million but it does not mean it is making a dime in profit.

Do Entrepreneurs Need a Formal Education?

What is the role of formal education in starting an entrepreneurial venture? Going to college has little to no impact on whether you will succeed as an entrepreneur assuming you have the qualities that are needed such as: Driven Taking Initiative Focus Relentless Work...

A Strip Club Still Follows Basic Business Principles

What makes starting a strip club different from starting any other business? Nothing really the rules are still the same. Provide a product (entertainment) that a large enough audience is willing to pay for that makes it profitable. Have a competitive advantage over...

Marketing for Law Firms

Do law firms need to market themselves? Many do specifically in regards to personal injury. There is no downside of marketing a law firm and marketing attracts target customers. I just would not use a vehicle that does not fit the desired reputation of the firm. The...

How to Choose a Business Partner

How can I find my partner? HOW TO CHOOSE A BUSINESS PARTNER Do you share the same values? Do you share the same vision for the company? Do they bring something to the business that without it it would not be nearly as...

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