Someone on Quora asked: How should I evaluate a potential technical co-founder? I’m in the surprising and apparently unusual position of interviewing technical co-founders for my startup. I am a non technical founder. I have several highly qualified people who have expressed interest and who appear, via job background and my experience with them, to … Read more
On Quora I was asked: What are some strategies to compete with a mature but inferior product with a strong customer base? Hypothetical situation: You have a neighborhood with a local coffee shop. The coffee shop has been there for years and has happy customers and makes good revenue. They have tuned their business well for … Read more
This is how I organized my last company, which was what this business plan was made off of Startups 101: How to Create a Business Plan. (Keep in mind, this is an equity structure for a clothing line, and not a tech startup. Technical co-founders may be much more important in another industry than the … Read more
From 1848 to 1855, people from all over the world scoured to California with one goal in mind. To get rich. The discovery of gold by James W. Marshall had cultivated a phenomenon. With it being such a precious item that had been sought out by the world, people dropped everything they were doing to … Read more
Well, the thing is… It’s really hard to tell if a good salesperson is lying. From personal experience, in order for a salesperson to be good, they would need to fully believe 100% in what they are selling. Now, if a salesperson who is being quite sincere and genuine is lying to you, the problem … Read more
I wanted to start a clothing line earlier this year. Specifically, a women‘s contemporary line. I know people who have worked in fashion for over the last ten years and lost everything when they tried to launch their own lines. I would still do it if I knew a pattern maker who was quite innovative. My … Read more
The reasons why people want to make money online, or even build a business online is the same reasons people consider building a brick and mortar business. Why people may consider to make an online business as opposed to a brick and mortar business would consist of the following: It is a lot more cost … Read more
The first thing you need to do is create an executive summary and a mission statement. After that, you need to study your market, compare yourself to your competition, create a share structure, outline financials, and fill out the rest of the pertinent data like the other people suggest. Below is an example of the … Read more
Having bad credit does negatively affect your ability to get funding for a startup. It won’t be the only defining factor, but it does reflect negatively. Picture it like this. You just bought a car. You put 1,000 miles on it. You blow out your tire. Your tire isn’t covered under warranty. You go to … Read more
For the last ten years of my life, I have always been told that I need “S.M.A.R.T.” goals. What are smart goals? Specific. They are very detail oriented and outlined to the T. To the point where you can picture what you have. I think I was told that you need to be able to … Read more