May 26, 2020 | Articles, Sean Answers
Is it better to work for yourself or work for a business? No Wrong Answer as my son is an entrepreneur and my daughter is a school teacher. One likes a little risk and autonomy the other has no interest in hiring or firing. The question to ask is why you would want to...
May 26, 2020 | Articles, Sean Answers
In your opinion, how can AI help improve sales, upsell more effectively, and create satisfied customers? Just always have the customer as your bullseye. Continually ask what your customers want from you and expand your business to provide it. AI can help with...
May 26, 2020 | Articles, Sean Answers
What are some industries with high “customer lifetime value” (CLV)? Any service company where they will use you more than once a year with a total expenditure of $500 or more is a nice customer lifetime value potential. Auto repair and many home service...
May 26, 2020 | Articles, Sean Answers
What do venture capitalists get in return? A VC expects a return on investment in the form of ownership and profit from a given company they have invested in. Sometimes they will make a loan with interest. As a rule, the VC is taking the financial risk and expect a...
May 26, 2020 | Articles, Sean Answers
How do you calculate the customer lifetime value in a services business? The Lifetime Value of a customer in a service company is what one given customer will spend with your company. For example, let us say you have a lawn-care business and the typical customer...
May 26, 2020 | Articles, Sean Answers
Do friends typically make good business partners? If you and your best friend are under the age of 30 have at it as it will be much more fun and 2 are better than one. Just remember it is like a marriage so a prenuptial agreement is still a great idea. 5 MUSTS IN...
