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Articles for category Startup Business Advice




May
21
2010

Should You Give Away Equity to a Key Employee?

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Should You Give Away Equity to a Key Employee?

 

Fifteen years ago when I was just starting up in business for the first time, a businessman that I met said to me, "It's hard to find good people when you are a small business and when you do you can't pay them what they are worth. Give them some shares in your business and they will be committed to the company". Is this right or wrong, I discuss.

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Categories: Startup Business Advice Profit Growth Ideas Favourites



May
07
2010

Are You the Owner But Get Less Than The Minimum Wage?

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Are You the Owner But Get Less Than The Minimum Wage?

I work and meet with dozens of small businesses and to my surprise a large proportion of them suffer from the same issues. When you start a business it is important that you, as the owner, invest a lot of your energy and time into the company for future financial rewards. In other words you work ridiculously hard for not a lot of money (if any)! This state of affairs should only be a means to an end and should be temporary, however with a large proportion of the businesses that I see all of which have been trading for several years they don't seem to have moved on. I see companies whose owners work 12 hours a day for less than the minimum wage whilst other employees take home a normal wage.

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Categories: Startup Business Advice Profit Growth Ideas



Mar
15
2010

Taking Advice from Small Business Forums

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Taking Advice from Small Business Forums Nobody minds their own business and everyone is keen to offer you advice, especially in the early years of your business. In my experience lots of this advice can be vary from ‘useful’ to ‘very dangerous’. Its really important that you take as much advice as you can but be very aware of the skill and experience level of the person handing out. [Read More...]
Categories: Startup Business Advice



Feb
17
2010

How to Choose and Find a Business Mentor

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How to Choose and Find a Business Mentor Having a good business mentor can make a massive difference when it comes to how quickly you can succeed. I find that most businesses make the same mistakes as  I (now a mentor!) once did. These mistakes can be at best costly and a worst catastrophic. A good business mentor can point you in the right direction and let you know what of the numerous tasks you have should be the highest priority. [Read More...]
Categories: Startup Business Advice Profit Growth Ideas



Feb
02
2010

How to Position Yourself In the Market

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How to Position Yourself In the Market In my experience most people when starting their business position themselves incorrectly. They think that people will only buy from them if they are cheap. This is normally a recipe for complete disaster and I personally think this is the single biggest reason that most businesses don’t last two years. Watch this Video and I’ll explain the concept a little more clearly and show you how to occupy a much more profitable space in the marketplace. (Video) [Read More...]
Categories: Startup Business Advice



Jan
23
2010

So…. Why Should You Listen to me? Should you?

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So…. Why Should You Listen to me? Should you? I want you to question all the advice you are given. Most people who are out there offering business advice are, in my opinion, not qualified to do so. And what do I think qualifies someone to offer advice? Degrees? training? certificates? No. Experience at making profit…. (Video) [Read More...]
Categories: Startup Business Advice Profit Growth Ideas



Jan
17
2010

Selling Time for Money is Bad!

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Selling Time for Money is Bad! If like most people you sell your business’s time for money in some form or other. then scaling your business and making more profits is very tricky and will increase your risks dramatically. However there are often solutions to this and this video gives you some that you can implement. (Video) [Read More...]

Categories: Startup Business Advice Profit Growth Ideas