The Blog
Does a business name need to reflect exactly what you are doing?
Does a business name need to reflect exactly what you are doing? Unless it is an online business that has defied all the rules of business naming such as Google, Bing, Yahoo, Uber, etc it is never a bad idea to have a name easy for a potential customer to know what...
What Your Target Customer Looks Like
What are the best ways to find clients for freelancing? WHAT YOUR TARGET CUSTOMER LOOKS LIKE They are easy to work with and you can satisfy their wants and demands. They pay based on the terms you have set. (You don’t have to chase the money) You have a potential long...
Handing Returns
How would you handle a customer who was arguing with you about a potential return? Have a written/posted return policy that makes it clear with no exceptions what is required for a valid return (receipt, product in the original packaging, etc.)
There are 6 Musts in Every Business Plan
How can I find someone or a company to help me write a business plan? There are 6 Musts in every Business Plan What are you selling and why will someone want to buy it? The business must convince you (supporting data, beta testing) this idea will work. Create some...
How to Start
How do I start? Can we partner? I hope this can help you get started and my site has tons of free resources for entrepreneurs. I also host the 10 Minute Entrepreneur podcast that teaches entrepreneurs. I am the author of the...
Creating a Business Emergency Fund
Should businesses have an emergency fund? Every person and every business should have an emergency fund for unforeseen expenses as well as downturns in the economy. I would recommend a small percentage of all profit go into a reserve account.
Four Musts in Every Business Plan
What is the most important part of a business plan? 4 MUSTS IN EVERY BUSINESS PLAN What makes you believe with data this business idea will work? What will make your business different than the competition? What will you need to launch and continue to operate?...
How to Come Up With Your OWN Ideas
Do you have new projects/startups with a good business plan? I have great profitable ideas all the time but no ones I would just post and give away. You need to come up with your own ideas and YOU CAN by spending time every week thinking about problems that need...
Determining Equity and Profit Split in Business
If someone wants to run my business model in another city (like a branch), how much equity should he get? How much of that new city business equity share should my existing non-executive partners get (currently they are 15%+15% and I'm on 70%)? I would be open to a...
Preparing a Business Plan
How do I prepare a business plan to start a new sock manufacturing company? As a bestselling author of the World’s Greatest Business Plan, I am happy to give you a free copy of the digital version and it allows you to type your business plan out. Just go to...
Creating an Elevator Pitch
How do you pitch a business in 60 seconds? All you can pitch in 60 seconds is your elevator pitch on why you KNOW this is a great idea and will be profitable. Your goal is to get an investor's attention and then it is up to them to request or be interested in hearing...
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