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Results for: running-a-business

There is no harm in having several businesses BUT it is wisdom to focus your full energy on the best business out of your lot. Let that focused business give you all the income you need on ongoing basis. Then you need to develop systems so that business doesn't need your full time attention. And...

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The real question should be what type of life do you want to live? Each individual you mentioned will have different expectations for paying for a service. That will reflect on the type of life you personally want to live. So first, start thinking about your life and how you want to live, what ty...

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I have participated in marketplaces that charge for access (subscription fee) and ones that do per transaction charges. I have found that I prefer the per transaction charges as I am essentially paying a commission for the lead / opportunity, which is much more palatable. I have worked with platf...

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Someone else creates the design and physical products, correct? In that case, your main challenges are (A) identifying customers (B) convincing them to give you a chance (C) keeping them happy with good customer service When it comes to (A), you should probably be knocking on a lot of doors. ...

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It will surely depends on where you are located. In Canada, you can ask the 2 employees/contractors to provide you a bill like any company does when they sell services to customers and you can pay them by check. The employee/contractor would need to be registered as a company (incorported or regi...

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It's not clear whether you have any previous experience operating a mobile coffee stand. The best advice a mentor ever gave me was to go work for somebody else who already had a business like the one I wanted to start. That way, I'd learn everything right and wrong about how my employer was doing...

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Consult a tax accountant; I am not an accountant or an attorney and this is not "professional advice." I do have to ask a question about the wording here. Are these partners as in shareholders of the business, or are they working for it? That will make a difference in how you go about paying the...

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first, please put a bit more effort into your question, it's barely comprehensible. regarding your employee: talk to him, find out what level of ownership and what risk profile tickles his fancy. leave room for increases in the future. open communication + transparency --> make sure everyone's on...

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I know couple of businesses which could be of your interest to you. At the same time, since I have been 3-4 businesses simultaneously for quite sometime and also share similar vision like yours, Would you be interested in a short discussion? Fyi, I am also on the lookout of partners who can suppo...

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