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  1. Ronak

    Easy = Sales. How Easy Is It To Do Business With You?

    NOTABLE! 
    This is a great point. Most of us assume that sales and marketing are the problem and solution to these businesses, when the reality is that a lot of them are in the "fat and happy" stage. There's plenty of demand, and they don't want or need to get better. As mentioned in the prior post...
  2. Ronak

    How do 2 owners of an LLC get paid?

    PEOPLE 
    You get paid by having the LLC write a check- either as salary, or a distribution of profit. Tax consequences depend on your tax home, state of organization, etc, and you'd be liable for tax regardless of whether there are distributions. Sorry for not addressing each of your equally important...
  3. Ronak

    Easy = Sales. How Easy Is It To Do Business With You?

    NOTABLE! 
    The point is to make it as easy as possible. For some, that's online sales and instant quotes, for others, it can be simple as having someone available to pick up the phone to handle inbound inquiries instead of asking prospects to leave a voicemail, or worse having the owner annoyingly answer...
  4. Ronak

    Easy = Sales. How Easy Is It To Do Business With You?

    NOTABLE! 
    A few years ago, there was someone on reddit that created a cleaning service that you could book online without any contact. He quickly built a very nice business and then started selling the software to other cleaning businesses, creating an entire ecosystem. Several startup cleaning services...
  5. Ronak

    How do 2 owners of an LLC get paid?

    PEOPLE 
    You didn't even clarify the country you're talking about-- a UK LLC is VERY different from US LLC. Agree with @Lex DeVille , hire a professional to help you, it will be worth it.
  6. Ronak

    Harsh Reality vs Pursuing Your Dreams

    NOTABLE! HOT! MINDSET 
    This is a huge deal! Entrepreneurs automatically assume that if a product/service is better, then you will automatically win. It likely has to be at least twice as good as the current offering to make a dent. Otherwise, your timing is probably more important than how much better the offer is. If...
  7. Ronak

    Harsh Reality vs Pursuing Your Dreams

    NOTABLE! HOT! MINDSET 
    Do you have a college degree? You beat out 93% of the world. Ok-- maybe that's a cheap shot. Take the US, for example. Most people you probably know have degrees. Care to guess what percentage of the U.S are college educated? 80%? 60 something? Its 35%-- that's a minority. There are dozens...
  8. Ronak

    Brokering 7+ Figure Deals & Taking a Cut?

    This is essentially the role of an investment bank,, but at a smaller scale.. The biggest difference is volume. The sales cycle for generating leads is very different from the kind of deals you mentioned, which can take months to close on average and require a lot more touchpoints. If I were...
  9. Ronak

    My small business works! How to make CENTS from my experience?

    INTRO 
    More of a side note, but if you're offering white glove service, how is your pricing and have you tested higher pricing?
  10. Ronak

    Company structure help request

    Have you looked into some of the no/low code options to get an MVP off the ground yourself? They've gotten very powerful recently and many business apps are run based on those environments.
  11. Ronak

    The right time to quit a JOB

    MINDSET 
    Do you know what your fastlane is already? Have you started?
  12. Ronak

    Business Bank Recommendations?

    Chase let's you do this. Of all the big banks, I've found them to be the best, especially for things like international wires, ach payments, and a decent online banking system. Wells always had a revolving door of bankers, BOA, I remember having to go into the branch and spend almost an hour to...
  13. Ronak

    Does anyone has some experience starting a Franchise Company?

    Again, you don't know what you don't know. For example, what if sales are not up to par at the 2nd location. How do you know if it's a management issue, location issue, or something else entirely? You can document, replicate, and implement processes, and still get different results. If you run...
  14. Ronak

    Does anyone has some experience starting a Franchise Company?

    This is just me, but there are things that you may not know yet regarding running a second location, and you don't know what they may be. It would seem more logical to at least get location 2 going under your ownership so you gain a better understanding of the nuance of multi unit operations...
  15. Ronak

    Pitch Mastery by Oren Klaff

    MINDSET 
    Here is one of his free content emails: Check this out below: it's a screen capture of my last Zoom call of the day. Professional, right? IT HAS TO BE. I was closing a large deal and 3 million was on the line. So you might be wondering the same thing the buyer was: "Hey Oren ... How do you...
  16. Ronak

    Pitch Mastery by Oren Klaff

    MINDSET 
    I've been on Klaf's email list for awhile, always enjoyed reading his stuff and observing his copy/methods. I recently bought into his program, which is $400, but I gotta say it's an amazing value. Lots of content, pitch decks, etc, but what I really like are his live weekly call recordings. I...
  17. Ronak

    Best blogs to stay informed in 2021?

    Sometimes it's as simple as going beyond the 1st 2 pages of Google, and just following the rabbit hole. Starts with genuine curiosity. Ask questions when you meet people from a different industry. One of the greatest advantages of being a rookie is that you can absorb multiple perspectives and...
  18. Ronak

    Introduction and my story (...MJ asked for it...)

    INTRO 
    I second this idea-- Maybe start with a friendly conversation with your university's licensing office to find out what their challenges and needs are, and go from there. Perhaps you could get a commission for deals that your bring them? With your credentials, you could even cold approach...
  19. Ronak

    Ippei kanehara Local Lead Gen Week 2 Update

    HOT! EXECUTION 
    How many leads, and did you or the client handle the call?
  20. Ronak

    Selling clients to other marketing agencies

    MARKETING 
    Depends on the structure-- if you're the agency and have people doing the work, that could be in the form of employees, freelancers, or 3rd party companies. Ultimately, you are responsible for the results, because they are engaging you. You have to be prepared to vet them to be assured the...

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