March 28, 2015
Here’s a helpful post by Chris Flett, author of What Men Don’t Tell Women About Business, outlining four important steps in developing a profitable venture. To summarize: Set expectations Develop a style of management that all can work with Make it easy for contributors, staff, and vendors to work in the model Find a way to marry different business models — there’s a place for everyone. As he says, “the most important thing is getting everyone on the same page, having clear and collective expectations, and doing your best realizing that your system of doing business might be very different than those of your partners.” So true. One of the ways to ensure that you have the same understanding is to prepare a JV agreement. For what Flett doesn’t specifically mention is . . . expectations about money — how much each JV partner will put in (if any) and what you’ll each take out. This is a sensitive area you don’t want to leave to chance. If you liked what you read, watch our video to…
Continue ReadingQ: Does an S Corporation protect your personal assets? It has become obvious I need help with this. Any ideas you have would be very much appreciated. A: Generally, yes, a corporation will protect the…
Read MoreThe amount of control you have over your workers affects their legal definition. Entrepreneurs continually face an age-old conundrum: You can’t grow your company without hiring more people. But you can’t hire anyone until the…
Read MoreListen to the Episode Below: Owning your own business means understanding what drives your revenue, not just the revenue itself. And in order to drive your revenue and put it on auto-pilot, you need to…
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