Feb 8, 2021 | Articles, Sean Answers
Why should an entrepreneur focus on all aspects of business activities? The entrepreneur is the head coach in that they put together or at least sign off on the plan for the game. A good entrepreneur should have a team of great assistants who help implement and...
Feb 6, 2021 | Articles, Sean Answers
What are the major differences between writing a business plan for a product idea vs. a service idea? Very little. With a product, you will need a proof of concept and cost to produce as well as some intellectual property protection (trademarks, patents). A template...
Feb 1, 2021 | Articles, Sean Answers
If you decided to innovate your business, where would you start? How and When to Innovate your Business Ask your customers what more they want What is your competition offering? What is your competition and industry not offering? Where is the industry moving towards?...
Jan 31, 2021 | Articles, Sean Answers
What are the major steps I should follow to start a business? 6 MAJOR STEPS TO FOLLOW BEFORE STARTING A BUSINESS Find an idea that is profitable and doable (launch within a year and make money) Beta test your offering- confirm the market wants what you are selling...
Jan 29, 2021 | Articles, Sean Answers
How long should a new business be making a loss before pulling the plug on it? When to pull the plug on your startup? You have run out of money You have exceeded the runway you had in your business plan so something is clearly not working as hoped for. No traction No...
Jan 26, 2021 | Articles, Sean Answers
What are the step by step parts of a business? Like first developing the product, then marketing, then etc. What are those steps in order? 4 Steps To Every Business Attract customers Sell to the customer (at a price that allows you to be profitable) Fulfill what you...
