Q&A
How Do I Change a Loan to Equity and Maintain Ownership?
I am the sole owner of an S-Corp that has received capital from a lender/investor in the form of a loan. Is there any way I can restructure the capital I've received to show up as equity instead of a liability to improve my balance sheet without having to sacrifice the ownership of my •••
- July 2, 2011
Venture Academy DVD Set Phased Out
Are the Venture Academy DVD sets still available for purchase? •••
- March 3, 2011
Preparing for the Worst
I am interested in what Mr. Myers is doing to prepare for the coming times, like is he stockpiling food, buying gold, etc. I have great respect for him and would really like to know his advice on these issues. •••
- March 2, 2011
Need Sales and Marketing Resources for New Insurance Business
Thank you for all of the resources on sales and marketing that you offer. I am planning on becoming an independent insurance agent for a large insurance company. Will the resources from New Venture Lab and Venture Academy help me get leads and will that be my •••
- February 17, 2011
Evaluating a Franchise Opportunity
If one does not have an entrepreneurial personality, but a good work effort, are franchise ownership a reasonable direction? How does one evaluate franchising? •••
- January 29, 2011
Planning with Consideration for the Economic Forecast
Should the economic forecast be an important factor in determining the type of business to start or acquire? •••
- January 28, 2011
Looking for Industries with the Best Opportunities
How do you anticipate which industries are set to change and provide the most opportunities in the next fear years? •••
- January 27, 2011
Estimating Market Penetration of a New Service
Regarding business model: How do you estimate market penetration on a "new/different" service that people do not currently use? Is that changing behavior? •••
- January 27, 2011
Record Keeping at Launch
My wife is starting an online business. How do we find a God honoring structure in keeping records of everything, because right now we have no guidelines? We are just winging it and we are not organized. •••
- January 26, 2011
For Profit or Non-Profit Company Structure?
In terms of a ministry, how does one decide whether to make one's idea/model non-profit or profit and can you have an endeavor be both profit and non-profit (one part profit, one part not-for-profit)? •••
- January 26, 2011
Starting a Small Manufacturing Business
Is it possible for our kids to have a small manufacturing business (like sewing small stuffed animal toys for a specialized tourist shop) and complete with Chinese labor or is this a lost cause from the start? Can they try just making some items or do you want an LLC before trying to sell any •••
- January 24, 2011
Building an IT Managed Services Business
I have just started managing an IT Service company a couple months ago. Where is the best place to start implementing some of these concepts of how to think like an entrepreneur? I'd like to take our company to IT Managed Services, but we are so small that just servicing the help desk •••
- January 22, 2011
Computer Repair Business
What do you think about the Computer Repair/IT Field? I think it is a good place to start, but I would try to figure out a way to move from onsite hourly repair engagements or consulting engagements to recurring remote services engagements. For example, you could get burned out doing a •••
- January 21, 2011
Raising Entrepreneurial Children
What is the best way to cultivate children to be entrepreneurs? •••
- January 20, 2011
Is Custom Software Development a Good Business Idea?
Would you recommend someone start a business that is "custom" i.e., offering programming or software, for each customer, and not as scalable? And, if so, does this mean a consulting company would not be as profitable a business model? •••
- January 19, 2011
How to Transition Your Business Model
If you have existing customer base used to one business model, is it smart to change or start new brand? •••
- January 18, 2011
Maintaining Enthusiasm
How do you maintain enthusiasm/creativity/vision when you are tired, or discouraged? •••
- January 18, 2011
Venture Academy Results
Please describe how the Venture Academy takes students from zero business experience to the point of starting and running a profitable business that can provide for a family. •••
- January 18, 2011
Need Advice on Interpreting Financial Results
From the NVL LinkedIn Group discussion forum: Over past 10 years, Our service company revenue & long term liabilities have increased while retained earnings, equity, and net profit have decreased. Any observations and/or counsel? •••
- December 31, 2010
Tips on How to Build an Internet Business
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 •••
- December 9, 2010
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