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Q: When and how should I give equity or other incentives to my senior managers in order to retain them? I’m considering giving them equity, but not sure how to do that.
Popular tags: Business Startup, Business Principles
Are you thinking of starting a business? Wondering how you can make your current business more profitable? Business expert and serial entrepreneur Wade Myers discusses Concept Risk, Cash Cycle and Scalability, three key indicators in your business success.
Q: I have a few quick questions for you. Since you’ve had experience with dot-com businesses, in your opinion: Are dot-com businesses (like for instance NetFlix) still viable business ideas? From idea conception to sustainable profit, for dot-com businesses, what amount of capital and time is usually required (assuming that they are good enough ideas to succeed)? What kind of internet business models are there?
Popular tags: Business Startup, Business Principles, Internet
In addition to wealth generation and Kingdom impact (such as we see with the Cook’s Pest Control case), having your own business – especially a family business – can also reform the family economy and relationships.
A well-known business periodical recently said, “Debt doesn't have to be a four-letter word for businesses. Borrowing money is a safe and easy, natural, respectable, time-honored tradition for financing business operating capital, expansion, the purchase of equipment, building up inventory, and to even-out cash flow.
Popular tags: Business Startup, Business Principles, Borrowing
My three-year-old daughter's birthday party brought a surprise lesson on integrity. As Rebekah opened the big attractive box, with a beautiful red ribbon, you could see the excitement dance in her eyes as she viewed the new American Girl doll.
Years ago in my corporate life I received a newly drafted company ethics policy. One of the first declarations all employees were required to comply with and sign stated, “No one directly or indirectly would buy favors or influence any outside party for the benefit of the individual or the business.”
Popular tags: Business Principles, Business Startup
Any business generally reflects the values of its principle owners or managers. It is the reflection of these values that determines whether a business is labeled Christian or non-Christian.
Popular tags: Business Startup, Giving/Tithing
According to several recent surveys, more women than ever are seeking to leave full-time jobs and return home to become stay-at-home moms or to operate home-based businesses.
Good business planning must involve setting priorities and working on the most important ones first. In the area of money, that is called budgeting.
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