For most small businesses a platform such as Wix can allow you to have a beautiful website published in a matter of hours. Shopify is a good platform for E-Commerce as well. With their free trials there is no reason to spend more than you need to build an online presence. Now getting people to actually find your website (and therefore your offerings) is the real challenge.

In a corporation shareholders elect Directors. Directors appoint officers. If you are CEO and he is President you can fire him. This has nothing to do with ownership or being a Director. You need to review the corporation bylaws to see if you have cumulative voting. If you don’t have cumulative voting you could vote him off the Board of Directors. Do you have a shareholder agreement? An agreement could change our response. Did he put money into corporation? As much as you did? How did you determine that you are 60% owner? Pick your partners wisely and have the partners agree to the work responsibilities before starting in business.

In a corporation shareholders elect Directors. Directors appoint officers. If you are CEO and he is President you can fire him. This has nothing to do with ownership or being a Director. You need to review the corporation bylaws to see if you have cumulative voting. If you don’t have cumulative voting you could vote him off the Board of Directors. Do you have a shareholder agreement? An agreement could change our response. Did he put money into corporation? As much as you did? How did you determine that you are 60% owner? Pick your partners wisely and have the partners agree to the work responsibilities before starting in business.

In a corporation shareholders elect Directors. Directors appoint officers. If you are CEO and he is President you can fire him. This has nothing to do with ownership or being a Director. You need to review the corporation bylaws to see if you have cumulative voting. If you don’t have cumulative voting you could vote him off the Board of Directors. Do you have a shareholder agreement? An agreement could change our response. Did he put money into corporation? As much as you did? How did you determine that you are 60% owner? Pick your partners wisely and have the partners agree to the work responsibilities before starting in business.

If you find a restaurant going out of business you could buy it at a good discount. Then you remodel, re-brand, and build a new operation. Of course you want to conduct a good market research campaign to make sure you understand what the market wants. For marketing and promotions I’d say social media advertising is a good option to increase awareness and capture market share.

If you’re business has low enough revenue where you can’t sustain yourself definitely don’t hire employees yet. What you need is a business partner who can wear the “hats” you need for the different jobs in the startup environment of a new business. For example: One business partner knows the new product/service and how to sell it and the other partner does all of the accounting, finance, legal and so on. If you can’t pay people you can still promise rewards such as ownership in the new business.

No one can predict the future 100%. Days and statistics provide information for a set period of time. At that moment the data is accurate and is now prior data. You can sometimes see patterns and predict from those patterns what may happen. Anything is possible and things constant change. You want to get the best data you can, analyze the data and take an educated guess of what will happen. You have a better chance of predicting but there is no quarantee. Gut instinct can work just as well as predictive modules. It’s not exact but using data is better and more predictable then no data.

Yes I agree. No simple answers.

Another example is the advice that you should never buy a brand new car. The second you drive the car off the lot it becomes used and therefore much less valuable.

You always must compare the rental price including deposit versus the asset cost. You need to know the useful life of the asset and the salvage value. There is no simple answer. Simple rules are not always the best response. Taxation and financing issues could also affect the outcome of the best answer.