One of the considerations to answering this question is the business type, I mention this only because of the tax treatment of earnings. With an LLC or S Corp the owner pays taxes on the earnings of the business regardless of whether they are distributed or not whereas a C Corp pays its own taxes...
What foods do you like ? What are the other restaurants in the area? What do they server ? What is your budget ? Is this an upscale neighbourhood ? What about franchising ? Do you have prior experience in the restaurant industry ? Did you work in a restaurant before ? I did multiple bu...
It depends by your company size and structure, but i think a CEO of a small company must understand what is pertinent to strategic decisions for his company. If you are thinking of changing the way you sell, it is better you understand why, which are the cost involved, benchmark your competition ...
I guess now is the time to start implementing the plan! What does it say there? :) Seriously - need to think strategy and go for the missing pieces ... I doubt you need a lawyer or SBA advise to get started. But the details of course depend on what is it you are trying to do. Happy to chat if y...
Are you trying to create something that already exist? There are a lot of social networked portals out there and to get businesses to sign up, you would really have to demonstrate creditability and make a strong case that these small to medium businesses would benefit from your portal rather than...
After founding one company on my own, and co-founding several others with teams, I've written and spoken extensively on this topic - it's an under-recognized risk and challenge of entrepreneurship. You can read one of my more popular articles at http://lp.co/perspective, but I'll summarize it he...
I will suggest you B2C company. These companies are best suitable for online business. Apart from the multiple advantages it provides two major benefits that you will get from establishing this type of company. First is digitalization of business and second is usage of a global network. Now by di...
It depends on what you mean by fail! I only help software startup founders - not all founders. I believe that there's no excuse for these founders to fail to get a product to market, if they have the funding to do it of course. Even then, there's a lot founders can do (for free!) to maximise th...
This is a very common question, and the short answer is - work hard and don't listen to your naysayers nor your lizard brain. Starting a business doesn't require any capital, but often times many entrepreneurs aren't skillful enough to couple swagger + brute determination + insight. You have to ...
Being as collaborative as you can be is a good start. Outside of that, being honest and transparent about why the changes are happening is a good way to build trust with the new team. Keeping a positive attitude and energy around it will also help to soften the blow. Most importantly, continually...