The Blog
What advice would you give an 18-year-old who wants to be a CFO in the future?
What advice would you give an 18-year-old who wants to be a CFO in the future? CFO is the person responsible for all things money in the company so having an education that involved either management (MBA) or accounting would be a good foundation.
The Proper Equity for a CEO and/or Founder of the Business
How much equity should a CEO get in a startup? A startup CEO who I am assuming is also the founder better have at least 51% or the majority of voting shares of the stock. If the CEO is an employee at not the founder you do not need to give them any stock or possibly...
5 Reasons to Partner in Business
What different kinds of business partners are there? You partner for 5 reasons: Friendship Time (someone has time to invest that you don’t have) Capital Expertise Fill a critical role in a company
How to Hire Remotely in 2020
How do I hire good workers remotely in 2020? Do everything you would normally do but interview via zoom and make sure you do your normal due diligence. Are they qualified? Did you vet them? Finally, the working condition are remote which calls for trust so pay as they...
Why People Believe They Will Fail
Why do many people think they are not able to start up a profitable business? Most people doubt themselves in general no matter what they are trying to do. It is a pure lack of self-confidence.
6 Steps to Learning and Moving on from Mistakes
Is it possible to learn from mistakes? MY 6 STEPS TO LEARNING AND MOVING ON FROM MISTAKES FROM A SOMEONE WHO HAS MADE PLENTY I would hope so as mistakes are the speed bumps in the course of life. You make a mistake, Acknowledge it was a mistake, Apologize to others...
Create a Company With Cash Flow in 30 Days
What are some simple businesses you can do in three years and get good returns? My rule with any startup I have done is to make money and I mean positive cash flow (income from sales above expenses) within the first 30 days. I have found beta testing to make sure you...
Beta Test Your Market
How do you determine customer inclination towards a specific product? You beta test like crazy so you can determine you have a wanting audience and who that is and what they are willing to pay for your product. Beta testing is what smart entrepreneurs put their money...
Business School: Great for Managers, but not for Entrepreneurs
Is it worth going for a top business school if you just want a career in startups or medium companies and not high paying big fortune 500 companies? BUSINESS SCHOOLS ARE GREAT FOR MANAGERS BUT NOT ENTREPRENEURS Let us stack them side by side. The college experience...
The Definition of a Success Coach
What is Success coaching? Success coaching is being coached/mentored/training by someone who has succeeded in the area you wish to improve on. In some cases like Tony Robbins, they become an expert by immersing themselves in a certain area which establishes them as an...
Business that Operated as Partnerships
What businesses are operating as a partnership? Every business that is not a soloprenour can be a partnership and the list of great partnerships span many industries. Examples: Disney, McDonald's, Hewlett Packard, Microsoft, Southwest Airlines, Uber, and on and on....
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