Jun 28, 2020 | Articles, Sean Answers
What are the three main reason for start up ventures to fail? Why Entrepreneurs Fail They fall in love with their idea and don’t allow it to be tested. They don’t have the personal qualities of a successful person. (initiative, determination, focus, relentless...
Jun 28, 2020 | Articles, Sean Answers
Why are unsecured loans such a bad idea? It is not the best loan. Normally you only do an unsecured loan to a family member or friend fully aware you may not get the money back.
Jun 28, 2020 | Articles, Sean Answers
How do we pay ourselves as a startup owner? A very simple rule of when the founder gets paid in a startup. “Last and only after it is profitable.” And how? I recommend if you live in the U.S. to take a standard paycheck with taxes taken out so you don’t get in tax...
Jun 28, 2020 | Articles, Sean Answers
What is a good profit margin for a small business? Depends on what you are selling and how many. If you are selling very high ticket items and very few of them the margin needs to be high but if you’re selling a lower ticket item the margin is smaller so you...
Jun 28, 2020 | Articles, Sean Answers
What are the best online resources to further my learning/ways to improve in marketing and business? I would start listening to business podcasts as my podcast the 10 Minute Entrepreneur has been voted as one of the top 10 Business Podcasts to listen to. I also give...
Jun 27, 2020 | Articles, Sean Answers
Is it cheaper to keep an employee or hire a new one? In general, keeping an employee you can improve is cheaper but if they cannot be improved to a point where they are valuable in the role you are paying them for let them go and hire someone...
