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Suggest You - A Tutorial on Capitalization of a Startup Corporation
I’ve been to 97 concerts in my lifetime. I know this because every ticket stub of every show I’ve ever seen since I was 12 lay under a sheet of glass on my coffee table. Some of the stubs are signed by my favorite musicians; some are tattered and torn from the pouring rain through which I stood and sung for hours. Some of the tickets aren’t even tickets! They’re napkins or flyers I stole from the venue because I just HAD to get a memento from every event.And each day when I look at those faded pieces of cardstock, I don’t just think about some of the greatest memories of my life.I think about being a fan.A fan who would stop at nothing to watch his favorite bands play live - even if he’d already seen them 8 times before;
Effective Delegation Requires Clear CommunicationWhen you decide to delegate a task to someone, that person may see it as a welcome responsibility that shows your trust in him or her, or just another job to be added to an already burdensome workload. Which it is can depend largely on how well you communicate with the person during the actual delegation conversation.Three aspects must be communicated and agreed upon right from the start in order to set up the delegated task for success:• WHAT the task is. Define the task clearly. While you may decide to leave the process open to their discretion, you must make clear precisely what you want the end result to be.• WHY you are delegating it to them. You shou
What this means is to create a number of shares (stock) in the company and give it a "par value" (which may be no par value). You are taxed based on this value until you start making revenue, etc.
We recommend that you Capitalize your company, at start up at 10,000,000 shares, with a par value of $0.0001 or $0.00001 (depending on the State you are incorporating in). This level of stock does a few things for you.
First, it gives you a somewhat large pool of stock to work with in issuing stock to key players, and in getting Friends/Family and Angel Investors involved, and with time, Venture Capita
We all know that you can't earn your commission until you make the sale. Furthermore, you can't make the sale without the order, and you can’t write the order until you have a product presentation scheduled. Finally, you can't have a presentation until you make the infamous CALL to schedule the appointment.As you see, it all traces back to the initial phone call. In order to fulfill your WHY and achieve all of your ultimate outcomes in life, you must be UNSTOPPABLE ON THE PHONE! Right now you need to ask yourself a very important question.... “Am I the best I possibly could be on the phone?” Your answer will determine your results! On my training program, "Ten Secrets to the Ultimate Phone Call", I speak about methods that you can i
What this means is to create a number of shares (stock) in the company and give it a "par value" (which may be no par value). You are taxed based on this value until you start making revenue, etc.
We recommend that you Capitalize your company, at start up at 10,000,000 shares, with a par value of $0.0001 or $0.00001 (depending on the State you are incorporating in). This level of stock does a few things for you.
First, it gives you a somewhat large pool of stock to work with in issuing stock to key players, and in getting Friends/Family and Angel Investors involved, and with time, Venture Capit
Well, I used to work for my boss, who really didn't know as much as I did, but he thought that he's the smartest out there so he was always telling me what to do and how to do. So one day I got really sick of it and I decided that I needed to find a new way of making money.I had responsibilities, I had to feed my family, pay bills and enjoy life - this is how I really think it should be. I believe I am not the only who thinks that way. Anyway, back to my story, after a couple of months I finally decided to quit my day job. Yeah, that was a good feeling, because I told my 'boss' everything I wanted to say and I assure you he did not like it.Of course you're probably wondering how I get money now? Well, I was thinking a lot about it
We recommend that you Capitalize your company, at start up at 10,000,000 shares, with a par value of $0.0001 or $0.00001 (depending on the State you are incorporating in). This level of stock does a few things for you.
First, it gives you a somewhat large pool of stock to work with in issuing stock to key players, and in getting Friends/Family and Angel Investors involved, and with time, Venture Capit
All closes are not created equal. Top producers realize every homeowner has specific needs and every situation demands its own close. While you may have found a close that works better for you than others, it shouldn't deter you from using a variety of closes depending on the situation. By learning the 22 trial closes, you'll stand a better chance of getting more listings. Knowing how to close many different ways will enhance your success.When a homeowner delays listing, you use benefits to move him towards a signature. Then, ask again with a different close. Constantly use different closes throughout the presentation at each listing signal. Most agents fail to get a listing because they don't ask for it. They give the homeowner the facts
First, it gives you a somewhat large pool of stock to work with in issuing stock to key players, and in getting Friends/Family and Angel Investors involved, and with time, Venture Capit
Every day is critical when you are in the business of sales. That lead you receive today could very easily be gone tomorrow.It is very important to act on your lead the very second you get it, not an hour later, or a few days later.The second it is in one hand, the next hand should be dialing the phone.Too often leads and referrals are taken for granted, sales people assume that because someone gave them a lead, that it is exclusive to only them. It is not, at any time one of your competitors can call that person and offer them a better price or a better service.I once worked with a guy in the mortgage industry. He received a lead from someone in his networking group on a Wednesday. He called the lead the very minute
Second, it allows for realistic prices per share growth as each new person comes on board and buys stock.
Let’s break down a new company startup:
The company is being created and started by a CEO, CFO and CTO (three people), with the CTO being the predominate person behind the company and the CFO and CEO are past business associates of the CTO. CTO wants controlling interest in the company and the other two both want equal shares to each other, giving the CTO control.
10,000,000 shares at a par value of $0.0001 valuates your company at a net worth of $1,000 for tax purposes.
The CTO takes 20% of the tota
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