Cover Your Small Business Legal Basics - TMBW 250
Two Minute Business Wisdom
by J Cleveland Payne
1M ago
You may only need a little paper or minimum time with a lawyer on retention to get down to business. But you need to know this from the first day of offering your products and services for sale to the public ..read more
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Bootstrapping – TMBW 249
Two Minute Business Wisdom
by J Cleveland Payne
1M ago
Stories of people who could start and grow a business with minimal external funding are great. These stories also convince many people who can’t bootstrap their business to give it a shot when they should not ..read more
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Digital Marketing on a Dime – TMBW 248
Two Minute Business Wisdom
by J Cleveland Payne
1M ago
Digital marketing comes with a cost, so use cost and time-effective strategies for your small business ..read more
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Practice Effective Budget Management – TMBW 247
Two Minute Business Wisdom
by J Cleveland Payne
1M ago
Managing your finances, including budgeting strategies, cash flow management, and cost reduction techniques, will make the difference in you being a long-standing success or a quick financial failure ..read more
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Prep For Navigating The Startup Phase – TMBW 246
Two Minute Business Wisdom
by J Cleveland Payne
1M ago
Following some basic initial steps for launching a small business will save you time, frustration, and money in the long run. This involves choosing a business structure, properly registering the company, and being honest about your initial market analysis ..read more
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Build A Company That Reflects Your Values – TMBW 245
Two Minute Business Wisdom
by J Cleveland Payne
1M ago
Build a foundation from the beginning that reflects your values and how you want to be seen. That makes it easy to run a company that maintains your values ..read more
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Don’t Take On A Business Opportunity Out Of Boredom – TMBW 244
Two Minute Business Wisdom
by J Cleveland Payne
1M ago
If you’re just looking for something to do, especially if you have a large amount of money burning a hole in your vault, taking on a business opportunity is typically a terrible path to take to alienate that boredom ..read more
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Look For Investors To Diversify Your Risk From The Beginning - TMBW 243
Two Minute Business Wisdom
by J Cleveland Payne
2M ago
Polish up your business plan and get to work. Find seller financing. Raise funds from investors. Use different types of loans. Ask friends and family who understand how investing in a business works. The financial risks of getting a new business off the ground are well known. Save yourself some of the headaches by looking for funding in the initial stages ..read more
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Plan For Downside Scenario - TMBW 242
Two Minute Business Wisdom
by J Cleveland Payne
3M ago
Things will go wrong in your business. Don’t attempt to survive on sheer will. Have understood and ready to implement plans in case of multiple downside scenarios ..read more
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You'll End Up Working Harder For Yourself Than You Would For Someone Else - TMBW 232
Two Minute Business Wisdom
by J Cleveland Payne
3M ago
Prepare to make sacrifices in your personal life when establishing your business. In turn, prepare yourself to understand the need for these sacrifices will mostly come from those who work for you who are unwilling to make the same sacrifices (and justifiably so ..read more
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