Jul 22, 2020 | Articles, Sean Answers
How do companies determine who gets laid off? It depends how big the cuts are that need to be made but in most cases, you begin with people that are not essential to the operations. If you can live without them you let them go. Next, you try to lower the hours and or...
Jul 22, 2020 | Articles, Sean Answers
When do startup founders get paid? When the company is making a profit unless they have startup funding where a salary of some kind is agreed upon. But in most cases, the founder gets paid the least and last if they are smart putting profit back into growing the...
Jul 22, 2020 | Articles, Sean Answers
How can I win a negotiation without being nasty? Present a winning argument the same way a lawyer does in court. Present compelling facts in a likeable way. A great lawyer told me one time if the jury doesn’t like you it doesn’t matter what you...
Jul 22, 2020 | Articles, Sean Answers
When startups at the very early stage raise millions of dollars, what does that kind of money typically go towards? Getting the company to scale (full speed with the maximum capability). It can also be used for proof of concept. The fact is it can be used for anything...
Jul 22, 2020 | Articles, Sean Answers
Is offering your services for free a good way to gain new clients? If so how long does free last for? It can be a good launch strategy assuming there is an understanding that if you do a great job they will pay you the full price at a given time. You can do a 30 day...
Jul 22, 2020 | Articles, Sean Answers
What are some of the tax issues that are important for a business to avoid? The biggest mistake small business owners make is doing their own payroll and using employee allotted money that should have been escrowed to be used for operating expenses believing you will...
