What foods do you like ? What are the other restaurants in the area? What do they server ? What is your budget ? Is this an upscale neighbourhood ? What about franchising ? Do you have prior experience in the restaurant industry ? Did you work in a restaurant before ? I did multiple bu...
One of the considerations to answering this question is the business type, I mention this only because of the tax treatment of earnings. With an LLC or S Corp the owner pays taxes on the earnings of the business regardless of whether they are distributed or not whereas a C Corp pays its own taxes...
It depends by your company size and structure, but i think a CEO of a small company must understand what is pertinent to strategic decisions for his company. If you are thinking of changing the way you sell, it is better you understand why, which are the cost involved, benchmark your competition ...
I guess now is the time to start implementing the plan! What does it say there? :) Seriously - need to think strategy and go for the missing pieces ... I doubt you need a lawyer or SBA advise to get started. But the details of course depend on what is it you are trying to do. Happy to chat if y...
I've helped several businesses do this. 1) Differentiate yourself - make your portal highly compelling for small-to-medium businesses. 2) Give it for free to businesses that are recognizable and will allow you to feature a testimonial from them. This will build credibility. I like to go after...
After founding one company on my own, and co-founding several others with teams, I've written and spoken extensively on this topic - it's an under-recognized risk and challenge of entrepreneurship. You can read one of my more popular articles at http://lp.co/perspective, but I'll summarize it he...
Hello! You have to ask yourself: Why I need a business partner? What value this partner can bring to my business? How much this value costs? Does he/she shares the same values and has same vision like I do? According to answers you can prepare a nice offer and a small presentation. But do not for...
Being as collaborative as you can be is a good start. Outside of that, being honest and transparent about why the changes are happening is a good way to build trust with the new team. Keeping a positive attitude and energy around it will also help to soften the blow. Most importantly, continually...
Hello, Great question! I went from a large firm to a small business and became the manager quickly. I ran and managed the entire office and that is how my experience relates. There are multiple ways to keep the manager enticed to stay in your organization. Here are a few ideas that have worked...
I will suggest you B2C company. These companies are best suitable for online business. Apart from the multiple advantages it provides two major benefits that you will get from establishing this type of company. First is digitalization of business and second is usage of a global network. Now by di...