It's a wonderful feeling. After working so hard on your business, you have finally raised money from an investor. It feels so good to have big money in the bank. Now, you can stop worrying about paying rent and salaries, and focus on growing the business. But there is a problem. There's a contract you [...]
“I will give you a better price.” This is what many entrepreneurs say when they want to convince a customer to buy. By offering a lower price, you can beat the competition, right? But there’s a problem. Pricing is easy to copy. Most of your competitors can see what you’re doing and lowering their prices [...]
Good things take time. But we now live in a generation that sees patience as weakness and stupidity. We now live in an age of fast food, fast money, and fast results. Most people don't want to wait. We want the rewards right now. But building a valuable business takes time. It takes discipline, consistency, [...]
What do you do when your business owes a lot of money? You took money from people close to you. And you also borrowed money from the bank. You asked for that money because of the belief and confidence you had in the potential of your business. But then, some things went wrong. The market [...]
When should you take out a loan to start or grow your business? A loan gives you the opportunity to use “other people’s money” to boost your business. It’s called ‘leverage.’ And it’s a financing strategy that many successful businesses use. But business loans are like fire. They can help you, but they can also [...]
Can a small business have a strong brand? These days, “branding” is one of the fastest ways to make an entrepreneur or business owner spend money. The industry is booming, and it’s not surprising we have a lot of branding experts these days. But branding is a two-edged sword. If you understand the value of [...]
Raising money for a business is hard. Some people have been rejected by banks and investors so many times they’ve lost count. Still, every day, deals are being closed. And that’s because one of the key ways investors and banks make money is by giving money to entrepreneurs and businesses for interest or return. But [...]
You have a very good product, but nobody is buying it. The few people who have tried your product say you’re far better than the competition. They say your product is better, more effective, and more affordable than other products out there. But if the product is so good, how come nobody is buying it? [...]
It’s not easy to give up a job with a steady income. Life is easier when you know for sure that money will come in at the end of the month. The money may not be enough, but it’s something. But what if you want more? What if you believe that you are worth more [...]
In this special feature episode, I had the chance to speak with Andrew Evans on his amazing Ace Weekly Podcast. Andrew is a serial entrepreneur who is doing a lot of great work in promoting the mission of entrepreneurship. I am honored to have shared the stage with him as we discussed several important topics [...]
