From an ethical standpoint I would tell him that he cant wait until you have an exit or sufficient cash flow to buy him out. First he quit. Second, he wasn't performing to expectations, Third, he wasn't there long enough to make much of a difference in the business. You obviously owe him what yo...
Great business! Why isn't sustainable? This is a great business model! Business dev and sales are often (if not always) the same thing. What you need is to hire cold callers, hire one or two sales people team and pay based on commission or base plus commission so that it saves you some money....
First thing I might comment on here is are you absolutely certain this is a new product? From what you describe its a new angle on an old idea. With that more in mind if you think people are unaware of your view point then education based marketing seem the most relevant starting point. You see...
If the transaction happens on the same website, as the test, you don't need to do anything. The user has a cookie that attributes the version of the test to the revenue tracking in your testing software (Optimizely, VWO). Once you connect the Google Analytics with testing software, you should be ...
Why not try Freelancer.com or Elance, one of those type of sites. Surely you can find someone skilled, with past experince easily viewable, looking for something a little more "ongoing". Best of luck with it!
What do you mean you can't afford a base salary? What has a higher priority in your spend plan than bringing in revenue? If you don't have enough to cover a base salary you are probably not ready to launch your company. In many cases the founders will do the sales themselves. In some cases of...
We sell both through the retail chain and direct on our website. The only way to encourage customers to buy from you rather than your stockists is to provide more value than your retailers. The advantage you have as a manufacturer is your intense knowledge for your products. Educate your custome...
To play devil's advocate here, does the second company need to survive? Meaning mainly: is there a large enough potential for long-term gain to keep pushing on it? As entrepreneurs, it can be tempting to put a lot of irons in the fire in hopes one of them really takes off. It's understandable — ...
While building your MLM WordPress website, it’s essential to choose the right plugin. A good plugin will be user-friendly and customizable and also improves security features. I would suggest using Epixel WordPress MLM plugin (https://www.epixelmlmsoftware.com/wordpress-mlm-plugin) , WP MLM an...
I have over 30 years as a business owner and over 10 years as a university professor in Business, Entrepreneurial Success, and Management. Determine exactly (funnel) what problem you are trying to solve. Write out the 5W1H: who does this help, what problem does it solve (is it a novelty), when is...