Jul 7, 2020 | Articles, Sean Answers
What are the advantages of a competitive advantage? WHY A COMPETITIVE ADVANTAGE AND HOW TO CHOOSE IT Without a competitive advantage, assuming you have competition, you have not given your customers a reason to buy from you over your competition. How to choose your...
Jul 7, 2020 | Articles, Sean Answers
How much profit should I make on a product? As much as your competition and the marketplace will allow. It seems that these 2 have a strange way of keeping pricing in line. If somehow you have a blue ocean business where you have no competition and the marketplace is...
Jul 7, 2020 | Articles, Sean Answers
Why is it important to identify and understand customers? You cannot meet the needs of a customer you do not understand and if you do not meet the needs of your customers it is hard to stay in business. It is always smart to identify who your target customer is (the...
Jul 7, 2020 | Articles, Sean Answers
Why might a successful partnership choose not to incorporate? In the United States unless this is a cash-only not so legal business which would be the only reason not to incorporate. As a general rule, a business receives protection as a corporation in that the owners...
Jul 7, 2020 | Articles, Sean Answers
Does setting up a fake business cost money? I’m planning to set up my fake corporation, well somehow, I would like to make it idle, and eventually turning it out into a profitable business when the time comes. Start the corporation when you are serious if not...
