The main reason I started my own business was to get away from bosses that treat employees like shit. It’s way too common in Israel and I’m sure it’s just as common all over the world. Some people got successful because they were good but some got there just because they were lucky. Till this day I meet delusional people thinking that they are better than their employees, and it makes me sick. Continue reading
People keep asking what is the most profitable business. What should I open? Where can I make more money? My answer is always the same, open something that you think you can tolerate during the bad times. Basically, start something you love doing. Having said that, not every one of your ideas is going to work out. So what do you do? Continue reading
There are way too many methods of advertising to cover in this one post. My intent here is to show you what you should be looking for when paying your hard earned cash to some advertising company. And to make sure you don’t lose any leads along the way. Continue reading
You do not rise to the level of your dreams you fall to the level of your training – Archilochus
There’s a saying in Israel ‘the harder the training the easier the battle’. And it’s true, the better prepared you are the easier it is to reach your goals. You have to make sure that you are ready for the very worst case scenario in everything you do. That goes double for business owners. Because they are responsible for their team or employees as well.
If you have to sell 100 units of a product you have to find out what is needed to make 200 Sales. You have to take into account refunds, cancellations, basically you have to take into account your worst nightmare.
This is the case for most of the population. We’re being paid just enough to live so we can keep working, that’s the way the system is built. That’s why School teaches you how to be a good employee and doesn’t teach you how to be a business owner. If you want to get out of this prison going to need to start digging your way out with anything you have. Continue reading
When selling a product or service with a payment plan there have hidden costs that most professionals miss. These costs eat at your profit resulting in an unexplained waist. Many professionals are forced to close their door without fully understanding what happened, they just conclude that they don’t know how to handle money. Continue reading
I have a friend who wants to start a pizzeria. He came to me a few days ago to structure a business plan. We took everything into account including the food cost, advertising and taxes. His plan was to open the shop with a friend so that he wouldn’t have to do all the work himself. And wouldn’t have to hire too many employees. After running the math we found out that it’s not profitable to have more than one owner. In this post I’ll explain exactly why. Continue reading