Compared to other business ideas, yes it is easy but it's not 'push-button' as many experts would have you believe (as they pitch you their $5,000+ training/services to help you). Selling products on Amazon is a business and the more you treat it like 'your baby', the much higher chance you will ...
I am not an accountant, but I do have a good understanding of this concept. It works like this. If you are self employed there is a slef employment tax on all your income of 15%. This essentially goes toward social security and Medicare. So let's say you make $100k in profit that means it's $...
Understanding your market is key. Without a market, products flounder, or worse, fail. I've conducted research on markets where a product didn't exist yet. The research doesn't have to be expensive or lengthy. The purpose of research is to understand the true needs of the market. Based on the...
Excel Excel Excel Then SAP or something else . SAP or other oracle ERP applications are good for company wide book keeping, data gathering ...etc. But when it comes to analytics, if you want something very easy, and simple, go for excel.
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...
Have you looked in to Crystal Reports at all? It has numerous advantages. It will connect to all of the data sources you have including spreadsheets, and can integrate data from more than one source at a time. i.e. you may have most of your data in a spreadsheet, with some additional info in A...
Before you attempt to sell to the senior executive you need to find out from his team why they wouldn't buy it. The senior executive will defer to his team prior to making the decision to purchase so you're only assuring your failure by contacting him at this point.
You need to fully understand marketing to hospitals, the FDA, and how clinical trial management works. I would highly recommend finding a local friend/advisor/investor/etc. who is a doctor involved in clinical trials or better yet a clinical trial manager. There are a lot of hoops to get a clin...
Go to your Tech Transfer office and talk to them about what other technologies in a similar space have been spun out, who is involved in each company from the university and outside. Find out those faculty, entrepreneurs and investors and talk to them. They will know who is most interested in wo...
If you're structured as a C-corp (which, if you're going to raise venture capital, you should be), then it shouldn't matter. Most VCs have foreign LPs. If you're an S-corp, it can be a problem due to limitations around who can own shares. Also if you're doing government work, it could be a proble...