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How can a startup comply with the FTC and SBA regulations? Since there are so many of them, how would you find all the regulations that apply to your business if you did not want to hire a professional?Early on, I spent days trying to trawl through all the documents and rule-changes on .gov to ensure we take the right path. Especially because I am an immigrant who didn't grow up with this level of structure in place. However, looking back, I'd rather have not. If your core function is to run a startup and grow it into a viable business, I'd suggest you focus on that and hire subject matter experts. If it was a question of money, I can understand. But also consider that time=money, even in the early stages where you have more to do in the same finite time. TL:DR - There are experts for a reason - allow them to figure this out and focus on the core goals of your business.
If you only want to own your own business, how can you avoid running the business after starting it?It depends on type of business.There are several type of businesses1- Royalty based businesses : If you own a property, renting it out is a type of business where you own it but don't have the operational hassles.Pros- minimal operations in terms of signNowwork and maintenance.Cons- heavy initial investment in owning oneCreate a sellable intellectual property, like write books and let the publisher do the selling, create a patented technology and sell it on royaltyPros - a good IP will give recurring revenueCons - even reasonably well IP is not created everyday2- Invest in other's business - identify small, yet promising and profitable business. Negotiate a good deal and let people run the business. You are a silent partner fuelling cash.Pros- a scalable, profitable business will give greater returns in long run. The specialist is running the business, while you only interfere where absolutely neededCons -. Have good cash, finding a trustable team is difficult, high risk since growing business may flip, what if the team runs away? Time of exit matters, may get prolonged, always pushing returns to the horizon, you have to continue to stay invested3-Finance business - lend money for interestPros- easy returns in defined period of time. Try short money, short period, high interest with people you know and it will workCons - highly likely that a person seeking money is a serial borrower, and may delay payment, may not pay and many more possibilities. Often you need the muscle to get the money back, else people will keep you hanging. Almost never works with 'friendly' peopleEvery other business will suck last drop of life out of a person before it is ready to go on its own. So be prepared to invest a decade of life before you create more leaders who can do things for you.
Does digital marketing really help if you want to start your own business?Hello.Yes, it helps a lot if you want to be visible in different search pages and SEO will e able to help be visible and enhance online traffic to your website.Search Engine Optimization consists of a set of practices that help your website gain more visibility on the search engine results pages. Even though there are multiple ways to promote your business on the web, nothing comes close to the power of SEO, as it is known to fetch you a high ROI when applied effectively.How SEO can help your business:It lets you drive targeted, organic search traffic that is relevant to your industryIt helps your brand gain higher visibility and more exposureIt makes it easy to attract people that will convert into customers/clients.Having a well-designed website is only one part of the equation. The other part is to make sure it is structured the right way with high-quality content. Content that not only appeals to the visitors but also the search engine spiders. When you work on improving your site’s structure and content, you’ll see the impact on your business growth in terms of leads and sales.Below are a few how SEO can help your online business:SEO Boosts Inbound TrafficSEO helps you attract quality inbound traffic. The best part about this inbound traffic is that it’s targeted and grows with time, given that you are putting in regular effort or are getting ongoing SEO help from a reputed agency.SEO Leads to More CustomersPeople that are potentially interested in your products/services are right now searching for them on Google and other search engines. With the growth of smartphone usage, this probability is even higher. SEO helps you with that as it not only lets you attract the right kind of traffic but also lets you identify/focus on those channels that are not “time wasters”.SEO Helps Build Trust and CredibilityThere’s a strong belief amongst search users that a credible business can always be found on the first page of Google. Your prospects will see your business site having higher authority when they see you ranking high for the right keywords. Which will obviously lead to more targeted visitors that convert into sales.Local SEO Means More High Converting TrafficMore and more people are using their mobile devices to search for businesses like yours on a local level, thus making local search an important part of your business’s online marketing strategy. You’re able to optimize your business site for a specific geographic location, making it easy for people nearby to find your business and increase the chances of making a sale.SEO Can Bring More Business ReferralsSEO helps you get on the radar of complementary businesses. These are businesses that aren’t directly competing with you and may have an audience or customer base that complements yours.SEO Gives Long-Lasting ResultsSEO lets you take advantage of the evergreen nature of the Internet and helps you stay in the forefront. It gets you long-lasting results, given that you are putting in ongoing efforts to stand out from the competition. Because interest in your business related topics may grow over-time, and with that more and more people will find your business via search.SEO Has the One of the Best ROI’sSEO lets you connect to the right people at the right time. It’s an inbound marketing strategy that is proven to work in terms of allowing you to market to your target audience.SEO Makes Your Site More User-FriendlyPresent-day browsing and purchasing are about finding the most appropriate websites with the most friendly user experience.SEO Helps Enhance Brand ValueHaving a strong brand value is integral for any business, especially the one that is starting out. The good thing about SEO is that it lets you increase brand value without increasing your costs. With a small investment, you could be on your way to creating real brand value that helps you get more customers.I hope this helps. I would appreciate an upvote if the answers helped you in any way. Thanks.
How can I start my own business that is related to healthcare, I want something out of the box for an RN?I am a RN. I left my traditional job as a floor nurse 4 years ago. I now run an online business from home, focusing on disease and injury prevention, through helping people to reasonably get a handle on their nutrition and fitness.Its tge most rewarding health-related job I've ever had, not to mention the most financially rewarding as well.
How did you go to start your journey to the United States? What forms did you fill out? How long did it take? My best friend wants to come here and I will help him until he gets his green card.I worked hard at school to get good grades, went to university, studied hard, graduated, got a series of better and better jobs, and finally transferred across as an international manager under an L1-A visa (executive management).After a year my lawyer submitted my green card signNowwork, and a few months later I was approved.Your friends experience may differ - there are MANY ways of ending up with a green card - hard work, education, and business success is one of the easiest, but not the only way.You can be lucky (diversity lottery), rich (investment), talented (internationally recognised artists, athletes and scientists), or have family in the USA.ALL these options require you to either pay a lawyer, or actually learn the process yourself.Your friend should start by obtaining a visa which allows them to legally reside and work in the USA - that’s the first step in the process.Simply “wanting to come to the USA” isn’t enough - it’s a start. Now your friend needs to learn the process and apply themselves.U.S. Visas
How can I start my own business I want to help people with anxiety?Ok. So you have an idea of the customer segment you want to help. But it is a relatively fuzzy one. So this is a great time to do customer development.I recommend the following two books:Running Lean by Ash Maurya - Running Lean: Iterate from Plan A to a Plan That Works (Lean (O'Reilly)): Ash Maurya: 9781449305178: Amazon.com: BooksLean Customer Development by Cindy Alvarez - Amazon.com: Lean Customer Development: Building Products Your Customers Will Buy eBook: Cindy Alvarez: Kindle StoreThe first introduces the Lean Canvas, the second helps you focus on how to do the “Discover Conversation”.You have two problems:First, you need to find a very specific sub-sub-sub group of people who are anxious who are in dire need of having something be different, enough that they will pay money now to solve it. This are likely to be the “Early Adoptors”.Secondly, you need to discover what problems they think they have. Almost everyone is happy to talk about the things that bug them. If you give them a chance, they will tell you in detail about the things that bug them.This gives you a very specific opportunity to “Discover Customers” That is to explore and define “Customer/Problem Fit”. Those people who you can signNow, who also have a problem, that they agree that they have the problem.In doing your customer interviews (in person), you will discover that there are 2–3 things that are on the top of their mind. Keep notes about it. And talk to a large enough group of people to start seeing patterns.Specifically, this is an opportunity for the Milvalchal - Million Dollar Valuation Challenge. We fund all startups at a $1,000,000 valuation if they submit 100 customer interviews. - You can see more of the details about this at - Leaning Out LoudI have a post on my blog about it too at : Just one Lean Experiment to progress to a Data driven StartupThere is a little chatbot designed to help focus things at the beginning at : https://t.co/MR78Kpsy7bSo all of this is about doing the work to discover the problems of the Early Adoptors.It is NOT about talking about your ideas, but listening to their pains. If it does not come up in the conversation, then it is not high enough on their issue list to be important, which is a signal to you. Cindy Alvarez does a good job of walking through how to do this work.The goal of MilValChal is to help you formalize a Build-Measure-Learn loop, which will help you iterate rapidly and help you focus on the things that are imporant. I like to see short sprints of 10 interviews in a sprint, so that you can create a rhythm.Remember , (thanks to Sean Ellis) an Early Adoptor is:Someone who has a problem.Someone who knows they have a problem.Someone who has spent money or time on solving the problem.Is still unhappy with the current solutions.Will still spend money and time to find a better solution.You are hunting for 100 of these folks. 100 early adopter.Now you have “Customer/Problem Fit”, you know there is a common problem, shared by 100 people. Notice that we did not ask them anything about your solution.At most, in the interview, you would ask things like:What are the ways that the current solutions don’t workHow could things be different that would make it better.What are the alternatives that you have tried.Out of this, you should get a clear idea of the problem, and the existing solutions that that sub-sub-sub-group consider.You have to be able identify Early Adopters.You have to be able to signNow them.You have to know what the current solutions are.You have to be able to provide something that surpasses the value of the current solutions.That leads into the second test: “Problem/Solution Fit” . Let them tell you how the best solution would work for them. “If you waved a magic wand and it fixed this problem, how would it change things”.Now you can dive into the discovery of solutions that the market recognizes. Now you can spend some time building a team that you can tell you more about how to create that solution.The MilValChal is just a carrot to get you to do customer development and document it out loud. It is something you should do regardless.The goal is to walk through the whole process one customer at a time until you can figure out how to get predictable revenue.But start the journey with customer discovery.