The Blog
5 Warnings Before Partnering with a Family Member
What is the best advice for entrepreneurs going into business with a family member? 5 WARNINGS BEFORE PARTNERING WITH A FAMILY MEMBER First, know each other's roles in this company. (What are each of you responsible for and what are the consequences if someone does...
3 Biggest Startup Mistakes
What data or information could have made your business more successful from the beginning? 3 Biggest Startup Mistakes Thinking it had to be perfect from the start Spending money on things that were not necessary Expanding within the first 2...
Creating an Business In the Equities Market
How can I start a business for stock marketing even if I am underaged? Establish your own account and track your success and then offer to work with family and friends who pay you a consulting fee.
Working as a Digital Marketing Freelancer
How do I start working as a freelancer in digital marketing? As someone who owns a very successful digital marketing company you need to ask yourself can I successfully provide an online advertising program for someone or a business? This is normally SEO as well as...
Factors to Consider When Choosing a Business Structure
What are the factors a business owner should consider when choosing a form of ownership, and why? In American tax liabilities are different for each type of corporation. I am not an account but if you are doing a business that will pretty much be you and let’s say one...
Running a Local Moving Business
How can I run a local moving business? If you do not know the industry you are going into or are already in then partner with someone who does. It is better to have 50% of a lot than 100$ of little. If this doesn’t work then try hiring a very experienced manager who...
Working for Yourself vs. Working for a Business
Is it better to work for yourself or work for a business? No Wrong Answer as my son is an entrepreneur and my daughter is a school teacher. One likes a little risk and autonomy the other has no interest in hiring or firing. The question to ask is why you would want to...
3 Things to Learn So You Can Increase Customer Sales
In your opinion, how can AI help improve sales, upsell more effectively, and create satisfied customers? Just always have the customer as your bullseye. Continually ask what your customers want from you and expand your business to provide it. AI can help with...
Industries With High Customer Lifetime Value
What are some industries with high "customer lifetime value" (CLV)? Any service company where they will use you more than once a year with a total expenditure of $500 or more is a nice customer lifetime value potential. Auto repair and many home service companies as...
Why Venture Capitalists Invest
What do venture capitalists get in return? A VC expects a return on investment in the form of ownership and profit from a given company they have invested in. Sometimes they will make a loan with interest. As a rule, the VC is taking the financial risk and expect a...
The Lifetime Value of a Customer
How do you calculate the customer lifetime value in a services business? The Lifetime Value of a customer in a service company is what one given customer will spend with your company. For example, let us say you have a lawn-care business and the typical customer...
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