The one word answer is: ask! Make it a process to systematically ask every client for referrals. Referrals from happy customers are indeed one of the best ways to generate new business. When and how to ask is a matter of taste and practice. Let me give you two examples which apply to B2B. 1. A...
Yes! But is very tricky. I have a C Corp own two LLCs. You should have separate board of directors in the C Corp that are not owners in the LLCs. Pay through bonuses rather than salaries and aggregate expenses of the LLCs as op. expenses as SBUs of the corp. The reasons for having a C own LLCs ...
Your strategy should encompass at least four components: (A) Complete Visual/verbal/social/technical audit to find/create needed assets for transition: know which assets need to be retired or replaced and what transitional assets are needed to bridge the gap. Prioritize: not everything always n...
I am answering with the assumptions that A) Bangladesh's population is as much your demo as USA B) You eventually want to have presence in both countries So here's some numbers- B'desh has only 7% internet penetration, but 80% of those use it at least once a day and the country is overwhelmingl...
I was trained as a Mechanical Engineer and now, run a few businesses. One thing that really helped me figure out the answer to your question (which was my question too) was to take a step back from trying so hard to identify my passion or make a decision. Instead I focussed on doing a few things...
Thank you for asking this question! As someone who has owned multiple small-medium sized businesses, I know the importance of managing purchases in relation to cash flow. I prioritize the following when considering this question in relation to my own businesses. 1. Cash Flow-It is critical that ...
Hi, These are the 3 most important first steps (all are related to validating your idea - meaning checking that there truly is a need for it): 1. Online research with D"r Google :-). 2. Offline research: ask as many people as possible what they think of "the" idea. Not YOUR idea. You need to as...
If you don't currently have an LLC for the business performing IT services, you could create a DBA (Doing Business As) and offer those IT services under the first business you mentioned. One business can have many DBA's which is good for promoting services as if it is it's own business. By using ...
That’s an interesting build… AI content tools are definitely becoming more mainstream. From my perspective running operations and CX, the biggest value I see isn’t just in creating more content, but in creating the right content faster. For example, customer service scripts, onboarding materials...
I've seen or been involved with a few projects in the past few years that aimed to entice developers to work on premium domains in exchange for equity. That rarely if ever works. Developers have too many gigs that pay them quite comfortably. If they wanted to make sacrifices, they'd probably e...