Entrepreneur and Strategist, COO, CFO
Yes, my ex partner obtained US social security number while he was non-US resident. He was Canadian. I recommend asking either lawyer or directly the authority since the requirements may be different where you are from and what you need this for. Hope this help.
Delivering high-value growth and efficiency
First of all, this will come down to branding and how you wish to position yourself relative to the vertical (niche) you wish to operate in. Things such as market research do help to a certain extent but it will also come down to what that luxury item is. For instance; in the sense of luxury watches or jewellery, the brand will play a greater role owing to the provenance, and the target market who wish to pay/acquire those particular items will put more weight into the brands carried as a way to validate the brand of the place that stocks those particular items. This leads to the secondary consideration is the particular clientele you wish to approach. You'll notice that in the areas regarding luxury you might find two major categories; sellers who wish to offer the absolute lowest price for luxury items thereby making them more accessible, or those that offer more of the concierge service and charge accordingly. In both cases, you will be able to tailor your approach from your presentation, stock levels/selection, pricing, features (things that you want to stand out on against your competitors), and overall service delivery which makes your marketing and sales channels much easier to select and focus on. Once you have a clear idea of those basic questions, the next stages become much simpler as you aren't trying to answer HOW to make money, you're answering the question of WHO are you going to make money off. Ultimately; your clientele and business model can be profitable if managed properly and if you keep that in mind; a marketing strategy can be made that is actionable and sustainable. If you wish, happy to talk more and provide more detail should you have more follow-up questions.
Entrepreneur, Digital Marketer, Mentor, and Coach
Here's a quick rundown on how to get your first client; First: Conduct Target Market and Prospect Analysis. This is the most important part. Most people never spend enough time on this. You need to have a clear understanding of your target market and who your prospects are. All that work doesn't sound fun or sexy, but fuckin do it. Second: Run A Competitor Analysis relevant to your niche. The internet is full of trash so make sure you research the winners and not losers. Third: After collecting all that data from the last 2 steps. Create a minimum viable offer based on the research you just did. Then ... Fourth: Get your ass out there and start getting as many people to and to hear about you. Start off doing Discovery or Strategy call's Post on Social Media channels, Facebook, LinkedIn, or Alignable offering your sessions In-Person Events Answer answer questions and help people here Keep at it consistently, then you'll get more than one client. It's going to take some effort, but be consistent and you'll be surprised at how many client you can land within 1-2 Months. Lastly, DON'T be like the 95% of people on facebook, instagram and just the internet who sells and gets a client but KNOWS THEY CAN'T provide what that client needs. Separate yourself from the losers, be honest and have some integrity. Which will work overall better for you and gets you more clients because your legit and can be trusted. TLDR: 1) Conduct Target Market and Prospect Analysis 2) Competitor Analysis 3) Get Your Ass Out There and Prospect (Assuming your not a marketing badass like yours truly) 4) Offer As Many Free Sessions You Can (Except Here) 5) Be Consistent and Don't Waver 6) DON'T BE A DOUCHEBAG Call or Don't Call. Just hope that helped s you out!!
Fractional CTO
Tip: Always have a revenue stream you manage as a single person (no other people required) which produces 3X your monthly living expenses. What you're asking relates to niche/business. For example, for a cafe manager this question makes no sense, because during a Pandemic (I'm guessing this is what you're talking about) a cafe manager is at home. A project manager working managing people working from home, will have learned how to accomplish this from years of experience, custom crafting how they do this to the exact team member personalities being managed. In general, far better to hire people which require little or no leadership/management. People who simple do their work with no oversight, producing stellar work product. If a team consists of this type of people, they lead themselves... for the most part...
Fractional CTO
Any unnatural linking will always be noticed at some point + penalized. Better to have a site which is so valuable people naturally link to the site. Then market that site.
Mentor, Entrepreneur, Lawyer, Public Speaker
Yes, people will be interested - I say this because there are numerous websites that already offer this service. Take a look at Houzz for example. As for models, almost all the known online models would work: advertising, affiliates, commission, fermium etc... I’ve successfully helped over 320 startups and entrepreneurs and would be happy to help you. After scheduling a call please send additional details and I’ll be happy to provide you with more value during the call. Good luck
Mentor, Entrepreneur, Lawyer, Public Speaker
I'd be happy to help but let me know which topics interest you and I'll direct you. Good luck I've successfully helped over 300 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david
Journalist, writer, publisher, blogger
Hey. I think there is no perfect essay writing service, since I tried a lot of them in my student years. What can I tell you, choosing a good service is not difficult if you pay attention to three components: price, quality and reviews. The latter is especially important, as you should see real results from real students like you. So first of all, look at the reviews. I myself can advise reading reviews here http://papercoachreviews.com, since I already took work from them. Good luck with your training!
Mentor, Entrepreneur, Lawyer, Public Speaker
If you feel that Clarity isn’t secure enough for your needs, you’re welcome to use another platform. Also, if you have something that’s extremely private, your welcome to use another platform. Clarity is a great platform with great customer support. I’ve needed them numerous times and they’ve always been super responsive and helpful. I only wish they promoted the platform even more. Good luck
Entrepreneur and Strategist, COO, CFO
Shopify already has the feature to connect you as a store owner to the wholesalers/dropshippers so that you only need to discover from their network and put them on your e-commerce site. In terms of financial needs, you could ask suppliers for payment term so that you can get paid first and pay them later. This will limit the financial needs for inventory.
Consultant on Business & Political Strategy
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 you manage your ordering and expenditures as much as possible. For example, one of my businesses in the hospitality industry does a smaller business during the summer due to tourism taking away revenue whereas business booms during the fall and winter. There are two ways to consider this. You can either prioritize lean ordering/purchasing decisions in order to maintain a healthy margin during the summer months or you could use the summer months as a time to make necessary upgrades/purchases; especially if there are deals during that season. For example, I plan to make some upgrades this summer that will not be covered by summer revenues BUT I have put money to the side for these projects since September. 2. Customer Habits-Some items sell much better seasonally. For example, in the bar business, I generally place my liquor orders early in the week, have them delivered on Thursday’s in anticipation of the weekend rush, and pay the bill on Monday or Tuesday. This way, I get the benefit of the weekend’s credit card batches in the account before paying and I get the bill taken care of right away. During the summer, for example, I order less often and less of a quantity per order. 3. Purchasing-Big ticket items, briefly mentioned before, are often difficult to manage for small to medium sized businesses. As I stated before, I find it is vital to plan these projects in advance as much as possible and to create a buffer in the business account to cover unexpected purchases. The size of that account depends largely on the type of business and the rental agreement/real estate situation. This is less of a concern for my E-commerce businesses because they require much less monthly cash flow to run and there are generally no real estate expenses associated with operating them. If you have any follow up questions, please feel free to ask. You’re also welcome to schedule a call for us to discuss your specific needs in further depth.
Founder, Author, Business and Life Coach
Hone decor / furniture industry is one of the highest profit promising industry today. The profit margins on home decor ranges from 20% - 45% depend on the price of the product. If you're looking to get quickly popular, I suggest you start with the online store and promote it on offline as well. Keep the margins low initially so that you can attract more buyers. As the business grows, reinvest the amount back on the business so that you can stock more varieties. All the very best.
Mentor, Entrepreneur, Lawyer, Public Speaker
Hi, This is a huge question and one that I often get asked - from various aspects (investors, founders, service providers...). General answer: there is no 'magic percentage' that a founder should hold - it all "depends" on the founders, on the investors, on the size of the investment, the industry and 10 other things. For example, the larger the share value, the lower amount of shares founder's are usually willing to have. Or if there are more founder's then each founder understands that they'll hold less shares. Or if it's an investor's market (wasn't until a few ago, now it is again - Corona virus...) then founder's know they will be expected to give up more. and more and more situations...so it depends. As with any business deal, an investment is a negotiation, and you need to (1) know the market, (2) know the other side's interests/needs and (3) know what you want and what your BATNA/red line is. If you read the other side well, you will know how many shares are enough for him to 'have skin in the game; Also, in your example you need to remember 2 important things: a. If there are 4 founders and you give one more %, then there will always be a feeling of inequality which will lead to problems. b. On the other hand, If there is an equal division (25% each), this will lead to a deadlock in decision making. If you really need a rule of thumb (even though there is NO one solution fits all), then it would be this: whatever the founder's ask for in their pitch, add 20%-30% to the shares that the investor gets or deduct 20%-30% from the amount requested. But again: I don't like this solution and it may create a win-lose feeling (win for investor-lose for founder's) which will eventually cause tensions. So if you're going to invest, but as well trust the team, and give them close to what they're asking unless the financial numbers don't justify it (a lot of first time entrepreneurs don't know how to do the numbers properly). I teach negotiations, and do tens of them each week. Happy to help you with them, and happy to refer startups to you (if you tell me what stage you invests, amounts, fields etc). I've successfully helped over 350 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david
Mentor, Entrepreneur, Lawyer, Public Speaker
Although this isn't my area of expertise, I've asked a colleague of mine who is one of the top lawyers in this field, and I'll get back to you once he does. Just private message you so that I can respond (these questions are posted anonymously). I've successfully helped over 300 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david
Agile Transformation Coach | Program Manager
It depends on their business model. I have experienced some apps a) just add on user base so that they can monetize the app as an asset . So they do not charge anything for the app or within the app b) Some use advertisements within the app
Mentor, Entrepreneur, Lawyer, Public Speaker
1. Similar things exist - like Houzz. But that doesn't mean there isn't a need - see point 5. 2. Probably a progressive web app (this is an app that's actually a website but looks like an app). It really depends on the key functions that you need. 3 + 4: I would not buy products and then sell them. Too much of a logistics and liability issue - unless it's drop shipping. Revenue streams: affiliate programs (for selling products), eCommerce (sale of specific products that are easy to store and ship), advertising, selling leads...lots... 5. See my answer on how to do market validation here: https://clarity.fm/questions/6423/how-do-you-do-market-research I've successfully helped over 300 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david
Business Strategy
3
Answers
Mentor, Entrepreneur, Lawyer, Public Speaker
I don't need 3. The first and only thing that you should do is a Proof of Concept (POC) / market validation. Only if it shows positive results, should you move on to the next stages (MVP, funding, founder's etc - depending what you already have/don't have). You can read how to do the validation in one of my previous answers here: https://clarity.fm/questions/6423/how-do-you-do-market-research You can also have I've successfully helped over 300 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david
A semi jack of all trades in Business, Auto, Tech
Yes, Toontastic appears to be the best app to use and it was developed by Google.
Techstars-backed Founder & Engineer
I am not a lawyer and you should talk to a lawyer for professional legal advice. That being said, I would assume you won't run into any issues because you are creating original art instead of taking art someone else made and passing it off as your own. There is a chance the celebrities you paint will be delighted and actually share your work within their online communities! Let me know if you want to chat more about getting this up and running.
Techstars-backed Founder & Engineer
Any relevant certification can help your business in my opinion. This will help show your clients you know what you're doing. Providing a high quality product will always help your business more than any certification can, but a certification can help you get your foot in the door. I'm happy to go into more detail about your business if you want. Feel free to reach out!
Business Strategy
5
Answers
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I’ll take it as a given you are operating a “brick & mortar” construction (equipment rental) business and with this, allow me to propose a few “flexible” marketing moves, you may consider (online or offline): 1. PUBLICITY/PUBLIC RELATIONS - Online or social media write-ups; Offline publication write-ups 2. ADVERTISING - Online: paid search/display narrow-focused to your locality/chosen demographic; Offline: local media (e.g. cable) 3. TRADE SHOWS/EXHIBITS - Benefits of taking part in these industry events (other than generating brand presence) include expanding your targeted leads “networking”/partnership opportunities, competitor check, business feedback, etc. BONUS: Business Listing (e.g. Google) is an often overlooked marketing tool (by many businesses with physical addresses) that you should maximize to increase your (foot/web) traffic and boost “conversion”. (If you want “SERIOUS” customers to at least visit or call your store, help them find you.) In a nutshell, you can always do marketing your way, the “ad hoc” way and right away (I.e. soon after reading this); but it’s ideal to have a basic business strategy in place. That’s why I review the backgrounds of businesses before providing recommendations. In the absence of such though, you may give a briefing (or fill a quick questionnaire), so we could come up with a marketing strategy, most relevant to your customers. This “strategic” approach to marketing (no matter how small your business) not only keeps your marketing efforts on track, enables you as the business owner or manager to make more “informed” decisions (e.g. from deciding on the font style of your business name to the copy of your directional store signs to the keywords you choose for your SEO, etc.) but it also optimizes your resources, translating your marketing spend into investments rather than costs to grow your business. I hope you have gained useful inputs and let me know if you wish to explore this discussion further. Success!
Facebook Advertising
1
Answers
Digital Marketing Consultant
Hi Roger, You can set the process for running Facebook campaigns for many clients. There are few tools available which can be helpful to auto schedule your campaigns.
Fractional CTO
If you can find what you're looking for by using a Google API service, then the answer is yes. If you must scrape Google search results, Google is smarter than you or any developer, so will eventually figure out you're scrapping their data + completely block your IP. https://commoncrawl.org - provides an alternative, as they provide a massive corpus of crawled content from millions of sites... so... if there's no Google API which can provide you the data you're after, consider using the Common Crawl datasets.
Life/Business Strategist & Keynote Speaker
I’m a Business and Life Strategist with over 20 years of military service, and we’ve submitted numerous bids to government and commercial entities. If you’d like to partner with drug and background screening companies, first you need to develop a white paper to present a new product or service that your company developed or invented. If it’s not a new product or service, create a Capability Statement. It is a promotional or marketing statement about your business and its capabilities and skills that advertises who you are and what you do. Second, you’d need to locate their R&D Department or their contracting department. R&D Department are always looking to find ways to improve their company’s product, service, or business practices. Contracting Departments are responsible for find companies that can fulfill their company’s needs. Third step is to get your Capability Statement to them by email, regular mail, or fax. If you need any additional questions or assistance putting together your Capability Statement, feel free to contact me.
Experienced manager and startup founder in GCC.
I've lived in Dubai and crisscrossed the middle east on business. You are right, Dubai is the obvious choice and that's where I was based most of the time. It would have helped if you had mentioned more details about the type of business you are into. Dubai is a little expensive but unparalleled in certain aspects. People love to live there. It's full of talent and opportunities but also very competitive. Bahrain too is comparable in some ways and there is a lot of local talent here and it's cheaper to operate a business here. But there real answers will depend on what is your product? Will you need many local hires? Will you need large offices? Will you need to fly in and out often? Will you be dependent on hiring expat employees? Book a call with me and I'll help you with basic information. Regards, Asif