Displaying posts published in

January 2010

Dragons' Den – Musical Mayhem

Putting your product to the test on national TV is a big risk, especially when you can’t do a dry-run beforehand. But when it works, the risk can prove to be very rewarding!

Establishing Credit

The owner of a small business posted the following question earlier this week: My partner and I have established an LLC as an umbrella company for two online retail companies. One of the companies will be drop shipping products from various suppliers. These suppliers require a credit card since we are a startup company. What [...]

Pay the Debt or Save Away

Unexpected money can help get rid of an outstanding debt – but have you considered the reasons you might be better off putting the money into an investment, even at a lower interest rate?

Blogging Guide

Actually, this document is titled “The Income Blogging Guide” and contains a mix of text, audio, and video. It’s free, and was sent to me by Robb Sutton. Considering that Robb generally sends few links, and he gave his recommendation for it, I figured I would give it a look. To get your copy, go [...]

IPO – Initial Public Offering

Definition: An IPO, or Initial Public Offering, is the first public sale of stock in a company. A corporation does not need to be publicly traded, and, in fact, most are not. They are used, primarily, to act as a liability buffer between the people who are doing work and the clients for whom they [...]

Surprising Connections

What is the most interesting connection made through your network that resulted in a contract or a sale? We all know the benefit of networking, but I was wondering just how remote a connection other people have found to have landed them a job.

Dragons' Den Season 5 – Tools of the Trade

Wednesday night was the first episode of Season 5 of Dragons’ Den on CBC, and it was fantastic. Also called the Celebrity Episode, 3 well-known TV celebrities were on hand to endorse great business ideas. For fashion, there was Jeanne Beker from fashion television. Mike Holmes was there to check out the tools (and inform [...]

Founders Agreements

I was reading a question on Answers OnStartup from someone who was not happy with his founders agreement, and wanted to know his options for renegotiating. The agreement made was as follows: I early on pushed for getting an operating contract agreed to by all three because I intuitively believed “make things explicit” would prevent [...]