Oct 21, 2020 | Articles, Sean Answers
How do you define, compare, and contrast a short business plan vs. a comprehensive plan? A comprehensive business plan may be needed if you are pitching to investors or applying for a loan. A business plan that is not requiring investment/ loan needs to accomplish a...
Oct 20, 2020 | Articles, Sean Answers
What should all first time founders know before starting a business? 7 THINGS I WISH I KNEW BEFORE I STARTED MY FIRST BUSINESS My original idea will change more than I imagined. Get started and make changes as you do. (Don’t wait for perfect) Start at a very small...
Oct 20, 2020 | Sean Answers
Why are customers often considered the most important sources of new product ideas? Your customers are your greatest source of information as they know what they want and want they may want in the future so receiving systematic feedback would serve you well. Ask your...
Oct 20, 2020 | Articles, Sean Answers
Does it make sense to establish new legal entities for new strategic business units? Why? If you need a level of protection if these entities failed. Would it diminish your brand or reputation? If so using a different name and legal entity would be wise. It is also...
Oct 17, 2020 | Articles, Sean Answers
Why can’t small businesses compete with Walmart? Walmart and or Amazon are like fighting a country with a water gun they just have too much defense and an arsenal of unlimited offense. You need to carve out a small niche and compete that way. Or offer you...
Oct 17, 2020 | Articles, Sean Answers
How do you prepare a strategic planning session? HOW TO HAVE A PRODUCTIVE PLANNING SESSION Start with people in the meeting that have an interest in the outcome of the meeting. Don’t let one person dominate the meeting allow others (who may be quieter) to still have a...
