The author offers an unusual approach to reducing the risk of starting a new business. The author analyzes his experience with a client and proposes a straightforward approach to building a company's financial model from start to finish.The author describes step-by-step the process how to validate the data while also demonstrating the reasons of why clients might face a problem of adapting SCORE spreadsheets to produce a reliable financial forecast.
Norm Beckert emphasizes the role of the employees in the high customer satisfaction. The author's recommendation is to treat the team members - he calls them Team Players - as partners by giving them key leadership roles and to reward them by using Profit Sharing Program.
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When it comes to cultivating entrepreneurship, rural America has the national market cornered. Our latest infographic, “Rural Entrepreneurship” explores how running a business in rural communities differs from their suburban and urban counterparts.