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Tip of the Week: Use an online invoicing system to get paid.
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This Week’s Questions
- How can you get better metrics prior to jumping into a specific marketplace and evaluating the success of your idea? – Bryan Cargill
- How do I select a bank or a credit union for my small business? – Marissa Poppens
- Snapchat’s IPO got a lot of talk. Where do you weigh in on investing in IPOs like Snapchat, being someone with an expertise in investing? – Troy Klongerbo
- I recognize that you have built massive email lists providing a lot of email content. For those who are just building a list, are giveaways baiting subscribers the best/only way to build a large list? Like providing “The 40 Best Tips for …” as a free download. – Micah Kennedy
- What does a good partnership agreement look like?
- Partnership agreement checklist- In my partnerships, I include:
- The responsibilities of every partner in the business. In other words, who’s doing what in the company?
- What happens if someone wants to get out
- What happens if someone dies
- Who owns what percentage of the business
- How and when profits will be distributed
- Whether or not anyone will be taking a salary
- What money people are putting into the company
- What rights people have
- How disputes are settled
- Whether or not there is a non compete
- Partnership agreement checklist- In my partnerships, I include:
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