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Episode #5- “Contracts”
Contracts
One aspect of business many business owners including myself hate dealing with is the paperwork. A very important part of this paperwork is contracts.
Contracts serve several purposes in business,
- the first is to identify the parties entering into the agreement.
- the second is to layout the responsibilities of the parties included in the contract
- the third is to clearly state the previous, and serve as a point of reference should any issues arise and legal actions need to be taken.
I’ve had clients sign contracts and attempt to makeup new terms on the fly, but I always direct them back to the contract. My favorite line is “I understand that Mr Smith but if you refer to your contract it clearly states….”. I’m not sure if they don’t fully read over the or if clients just don’t care what’s written in the contract.
If there are misunderstandings when there are contracts in place, can You Imagine the types of disagreements that can arise when there is no contract between 2 parties? I hear about word of mouth “contracts” gone bad everyday.
Special thanks to SMU law student Vicky N. for her input on Episode 5.
For any questions you can email me at BusinessConsigliere@gmail.com
Take a moment and leave a comment below.
You can find the Business Consigliere Youtube channel at the link below, click the yellow SUBSCRIBE button across the top of the page: http://www.youtube.com/businessconsigliere
GET YOUR COPY OF MY LATEST BOOK
5 Things You Need To Know Before Starting A Business is filled with detailed information that will help put you on track to becoming an entrepreneur.
Purchase your copy here: 5 Things You Need To Know Before Starting A Business
Also, make sure you check out my personal blog here: HTTP://ADETIBA.COM
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Victor Adetiba Read the rest of this page »
Episode #4- “Business Negotiations”
Business Negotiations
Negotiations in business can be like a game of chess. For those who have never played, chess is a game of strategy and positioning your pieces on the board.
When I was a new business owner I had a terrible habit of waiting to negotiate price until after the job was already done.
Part of this was because I had a fear of losing business.
The other part of this came about because I had no idea how to price my services.
As I stated in an earlier episode I just started my first business on a whim, without any prior research or due diligence.
I thought just knowing how to do the job was all I needed to run a successful business.
In this episode I discuss strategies for negotiating and things to keep in mind when meeting with clients.
If you have a question you would like me to answer in an upcoming episode you can email it to me at BusinessConsigliere@gmail.com
Take a moment and leave a comment below.
You can find the Business Consigliere Youtube channel at the link below, click the yellow SUBSCRIBE button across the top of the page: http://www.youtube.com/businessconsigliere
GET YOUR COPY OF MY LATEST BOOK
5 Things You Need To Know Before Starting A Business is filled with detailed information that will help put you on track to becoming an entrepreneur.
Purchase your copy here: 5 Things You Need To Know Before Starting A Business
Also, make sure you check out my personal blog here: HTTP://ADETIBA.COM
Your Business Consigliere
Victor Adetiba
Read the rest of this page »
Viewer Response
Viewer Response
This was originally meant to be a part of Episode 3, but I had so much important information I wanted to share with my viewers so I had to turn this into its own separate video.
After Episode 2 I got letters from two viewers about businesses they wanted to start.
The first letter I got was from Osagie who was interested in starting an electronics rental company in Nigeria.
The second letter I received was from Kola who was looking for advice on starting a business that wouldn’t take too much time away from studying while he was in college. He had some research on online retail and had some doubts about going that route.
In this video I respond to their questions and give them pointers on getting their businesses off the ground successfully.
If you have a question you would like me to answer in an upcoming episode you can email it to me at BusinessConsigliere@gmail.com
Leave your thoughts below.
GET YOUR COPY OF MY LATEST BOOK
5 Things You Need To Know Before Starting A Business is filled with detailed information that will help put you on track to becoming an entrepreneur.
Purchase your copy here: 5 Things You Need To Know Before Starting A Business
Also, make sure you check out my personal blog here: HTTP://ADETIBA.COM
Your Business Consigliere
Victor Adetiba Read the rest of this page »
Episode #3- “Productive Networking”
Productive Networking!
One of the key pillars to conducting business as well as growing it to the next level is networking.
Now over the years the word networking has been used way to loosely.
That’s why today’s episode is Productive Networking and not simply networking.
So many people think networking is going down to the local bar for happy hour and passing out a few cards.
I think too many people try to justify socializing by calling it ‘networking’.
In this episode I talk about my proven strategies for productive networking, as well as following up with your new contacts.
Take a moment and leave a comment below.
Oh and here is the ‘Scary Movie’ strong hand link: http://www.youtube.com/watch?v=hHHB00Nu3Ak
GET YOUR COPY OF MY LATEST BOOK
5 Things You Need To Know Before Starting A Business is filled with detailed information that will help put you on track to becoming an entrepreneur.
Purchase your copy here: 5 Things You Need To Know Before Starting A Business
Also, make sure you check out my personal blog here: HTTP://ADETIBA.COM
Your Business Consigliere
Victor Adetiba Read the rest of this page »
Episode #2- “Financing Your Business”
Funding Your New Business!
Another major pitfall hopeful entrepreneurs face is the daunting task of financing their business.
Traditionally startup businesses can be capital-intensive, and require an excessive amount of startup cash.
Even when the economic market was at its peak most financial institutions weren’t handing out business loans to everybody that walked into the bank asking for one. Lenders would actually rather give you a home or auto loan they know you couldn’t afford before they gave you a business loan on a business that might actually work.
GET YOUR COPY OF MY LATEST BOOK
5 Things You Need To Know Before Starting A Business is filled with detailed information that will help put you on track to becoming an entrepreneur.
Purchase your copy here: 5 Things You Need To Know Before Starting A Business
Also, make sure you check out my personal blog here: HTTP://ADETIBA.COM
Watch today’s episode to find out my suggestions on ways to finance your business that won’t break the bank.
After you watch today’s broadcast join in the discussion below to talk
about your own experiences with trying to start a business.
Your Business Consigliere
Victor Adetiba Read the rest of this page »
Episode #1- “Getting Started”
Getting Started!
The Secret To Getting Ahead Is Getting Started!
Often the hardest part of starting a business is getting started.
As a new hopeful entrepreneur deciding which path to take can be frustrating.
Recently I read an article about Nzingha Stewart where she talked
about the importance of taking action as soon as a great business idea
or project comes your way and that the secret to getting ahead is
getting started.
GET YOUR COPY OF MY LATEST BOOK
5 Things You Need To Know Before Starting A Business is filled with detailed information that will help put you on track to becoming an entrepreneur.
Purchase your copy here: 5 Things You Need To Know Before Starting A Business
Also, make sure you check out my personal blog here: HTTP://ADETIBA.COM
Watch today’s episode to find out my suggestions on deciding what
business to start and about procrastination.
After you watch today’s broadcast join in the discussion below to talk
about your own experiences with trying to start a business.
Your Business Consigliere
Victor Adetiba Read the rest of this page »
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