If you’re a billionaire, or if you’re a multi-billion dollar company, chances are that you operate in multiple countries. When you operate in multiple countries, you have to deal with the change of currency, which is in a market of its own called the foreign exchange. When currency loses value in the country where you … Read more
Why would anyone in the world pay $50,000 to have you write a business plan, when they can get an outline on how to make one on their own here for free: Leonard Kim’s answer to How does one create a business plan? Also, there are many professionals out there who write killer business plans … Read more
I don’t know. I was working at this real estate investment company thing. We were selling condos in Florida. I lined up 25 deals to go through in one month. My expected commission was supposed to be $50,000. I was on track to doing that every month for a year. I was going to buy … Read more
If a company can afford to give you a cash bonus of $100,000 during the first year, they must be doing absolutely everything right. It would be in your best interest to take the equity, even if there is risk involved. Why would I come up with this resolution? Let’s look at five years into … Read more
Yeah. But only if you go eat and you only have $8 to your name, but your portion of the bill is $12. Otherwise there’s going to be some very troubling moments in your bank account later, with overdraft fees. — Originally posted on Quora. Leonard Kim consults startups and writes books like The Etiquette … Read more
Someone on Quora asked: Should I give up trying to build a startup? I’m 37 years old living in the middle of Sweden. I have spent nights and weekends during the last 12 months to build my new service. It’s in the domain that I’ve worked in for the last 20 years. I’m quite good … Read more
How to attract cofounders: Share your vision with others. See who buys into it. Start with friends and family then expand to other networks. If you are scared of having your idea stolen: Leonard Kim’s answer to What’s the best way to discuss an idea for a startup in public without it being stolen? How … Read more
The ability to distinguish who is and isn’t your friend. Friends will change and try to take advantage of you. Others will talk behind your back or even try to defame you. The world will start to become a lonely place. The only way to minimize these risks is to be prepared before it happens. … Read more
It has allowed me to discover how to become more patient and not to associate my self worth with how much money I earn. It has also allowed me to learn how to stretch a dollar to approximately three times its worth and how important it is to save. I would say that it has … Read more
Someone of Quora asked: I am spending way too much money, more than I earn actually. What are some tips to reduce the amount I spend? This was my response: Open two banking accounts. Tear up one debit card. Move all your excess money into the account with the torn up card. Direct deposit works best. … Read more