The Blog
4 Pillars of a Successful Business Plan
What makes a good business plan for someone wanting to start a business? 4 Pillars of a Successful Business Plan Why is your product/service going to be wanted by the marketplace? Who is your competition and why will make you so different that customers will buy from...
3 Effective Ways to Do a Marketing Promotion
How does marketing promotion help in connecting with customers better? Marketing is the process of attracting, selling, and servicing your customers. You want to develop a marketing promotion to attract customers so build a promotion that does just that. 3 EFFECTIVE...
Write for Your Business Plan’s Audience
Should a business plan be written in third person? The person who needs to read your business plan and believe it works is YOU. Unless this plan is written directly to an investor then you write it with them as the reader. I am the author of Worlds Greatest Business...
3 Tips to Competing with Competition in Business
How do you deal with unethical competitors? Business is a contact sport so get used to it. Unless they are doing something illegal you just have to stick with the basics. DON’T bad mouth your competition it just makes you look worse. 3 TIPS TO COMPETING WITH...
Sharing Profits Between Partners With Different Responsibilities
How much share should I give to my business partner if I will fund the business and he has all the necessary experience to run the business? There is nothing wrong with a 50/50 partnership if you are both bringing something valuable to the table and the company could...
The Definition of a Successful Business
What defines a successful business? What separates a successful business from a struggling business is generally revenue and most importantly profit. If your company is not profitable it will not be in business much longer so being profitable is the most important...
3 Biggest Mistakes Entrepreneurs Make
Why do most entrepreneurs fail? 3 BIGGEST MISTAKES NEW ENTREPRENEURS MAKE They fall in love with their idea and don’t allow it to be tested or criticized so when it is exposed to the real world it fails miserably. They fail to build a great team around them. Lack of...
How to Evaluate and Overcome Your Competition
What are two tips to examine competitors? HOW TO EVALUATE and OVERCOME YOUR COMPETITION What do they do very well that you will need to be even better? What can you offer that they do not offer and your target customer would want? What one promise if you could deliver...
Household Budget for Beginners
What should I pay in rent based on a salary? Your housing expenses (rent or mortgage with utilities if at all possible) should not be greater than 35% of your take-home income. General Idea of a Smart Household Budget from a guy who grew up poor and is quite wealthy...
4 Characteristics of Successful Entrepreneurs
What are the 3 characteristics of an entrepreneur? 4 Characteristics of Successful Entrepreneurs Driven- When they have set out to accomplish something nothing will deter them from accomplishing it. This is a combination of energy, determination, and focus on that one...
5 Qualities to Look For in a Great Manager
How do you manage your business successfully? My advice to be the leader of the company and pay someone to manage the company as there is a difference. The leader creates the vision and hires the people (a great manager) that can bring this vision to reality and the...
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