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...
Jul 6, 2020 | Articles, Sean Answers
How do you grow from a fixed mindset into a growth mindset? Most people tend to have a very limited mindset or at the very least the mindset they saw in their parents. This mindset can be conservative, averse to risk, happy with just enough to a poverty mindset not...
Jul 6, 2020 | Articles, Sean Answers
When is it a good idea to name your business after yourself? When you plan on being the face and personality of the company (front person in ads, etc.)
