Isn’t running a startup fun? Well it is for a while, but unless you can figure out a way to make money you wont last very long.
Whether you are venture funded or you’ve bootstrapped your company, you have to figure out how to turn your startup into a real business. Although it my seem inconceivable, it’s not impossible.
Here are 7 tactics that will help turn your startup into a real company: [click to continue…]
Do you think partying is a waste of time? Not only are wasting hours in clubs, lounges and bars… you’re spending a ton of cash on alcohol, right?
I hate to burst your bubble, but partying isn’t a waste of time. Although you are spending 10 bucks for every drink you buy or $500 per bottle, there is a huge ROI. So instead of sitting at home every Friday and Saturday night, you should be hitting the clubs and partying. Here’s why: [click to continue…]
To this date I have been an advisor to 17 companies. 16 of these advisory positions were obtained 3 to 5 years ago and I joined 1 more in the last year. Over time I dropped a decent amount of these advisory positions, but before I get into that, let me first explain what being an “advisor” is.
Companies can grant stock options to individuals who aren’t employees. The stock options usually vest over a period of 3 or 4 years and in exchange for the stock you have to help the company out with whatever they need.
If the company does well, the stock options will be worth a lot and you will have made more money in the long run than if you just asked for cash up front for your advice. On the flip side if the company fails, your stock is worth 0 dollars and you don’t get anything for your time.
In my case companies would ask me for marketing help and instead of paying me in cash for my advice they would offer me stock options. By doing this 17 times, here is what I learned: [click to continue…]
Although I don’t do much consulting these days, I used to run a consulting company. It was an Internet marketing agency that helped small and large brands like GM, HP, Samsung, Viacom, AOL, boost their traffic through search engine optimization and social media marketing.
I did it for around 6 years and boy did I make a lot of mistakes. Running a consulting company is tough and sadly it’s a lot less sexier than it seems…
Here are 7 things I learned from running a consulting company: [click to continue…]
Do you want to get good at sales? Because if you do, there is a lot of money to be made. But before I can teach you how to sell, I need to first teach you what not to do.
If you want to make money through selling, you don’t have to be a great sales person, you just need to avoid these common mistakes: [click to continue…]
Neil Patel is the co-founder of 2 Internet companies: Crazy Egg and KISSmetrics. Through his entrepreneurial career Neil has helped large corporations such as Amazon, AOL, GM, HP and Viacom make more money from the web. By the age of 21 not only was Neil named a top 100 blogger by Technorati, but he was also one of the top influencers on the web according to the Wall Street Journal. Continue reading
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