The Blog
4 Musts to a Profitable Company
As a young first time entrepreneur lady, what is your best advice when it comes to making a good profit? 4 Musts to a Profitable Company Tremendous demand for your products and services. Great profit margins Minimal competition Systematized so that fulfillment is...
Where Does Company Revenue Go?
What are the main buckets in which the revenue of a company is used (like reinvest, taxes, dividends etc)? Operational expenses Labor Marketing
Handling Lazy Employees
Is it always a good idea to fire lazy and slow employees? If they have a very low priority job and they are doing it with a friendly demeanor then just talk to them and see if you can get a touch more energy out of them. Not every job in a large company needs to be...
What Needs to Be in Every Partnership Agreement
Why is it a good idea for a partnership to have a written agreement? What should be in every partnership agreement and YOU BETTER HAVE A PARTNERSHIP AGREEMENT. Memories become vague when a partnership is on the rocks so put everything in writing when everybody is...
Forecasting Costs to Launch a Business
Business Plans: How can I forecast logistic costs for a startup? What will it costs (make a list of everything possible) to launch your business then continue to operate your business and this will give you your costs. This will establish your startup costs which...
Incorporating Values Into Your Business
If you were to put to up your own business, what values would you incorporate in your company's code of ethics? Why? Your values as the founder are normally shared in your companies VALUE statement and promoted in the culture of the company. Common values that...
Motivating Employees When a Promotion is Not Available
How do you motivate employees without promotion? Share with them they will be in the next round of promotions and give a firm time when that will be if not you may lose them. Give them a reasonable explanation of why they could not be promoted this time. Tell them how...
What to Do When You Owe a Lot of Money
I’m short $5,000 to finish paying lawyer and I’m out of options, how can I make this in 1 day? Anything that would make you $5k in a day will either be a crime or a regret so please just talk to the lawyer and work out a payment plan. In most cases just share the...
Including Your Startup in Your Resume
How do I include startup in my cv? The same way you put any job down on your resume except you should have some very positive job responsibilities that a normal job may not have had. You may have had to carry out multiple responsibilities that anyone interviewing you...
The Disadvantages of Owning a Franchise
What is the most significant disadvantage of owning a franchise? No flexibility to be creative and try any of your own ideas. It is a set script and you have to follow it. It would be tough for a very growth-oriented person who is also creative.
Choosing a Company Name
Can I name my company "Damnson"? The easy step to seeing if you can choose a company name - check and see if the domain name is available to purchase with the .com ending.
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