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Do you have to be extremely good at math to be a business owner?

Answer by Drew Steig – Quoras Own Start Up & Small Business Guru Answer originally posted on Quora.Com The company i am ceo for is solely owned by one man. His name is randy. Randy was told in business school where he got an associates, to give up. His dyslexia would keep him from ever…
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Why do high level CEOs get big severance packages even when fired?

Answer by Drew Steig – Quoras Own Start Up & Small Business Guru Answer originally posted on Quora.Com Usually its because the company really wanted this ceo, and it was negotiated into the contract. Othertimes its incentive to get the ceo to go away quietly if there were internal issues, or if there was no…
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Why do investors allow the CEOs to take such a large portion of the profits?

Answer by Drew Steig – Quoras Own Start Up & Small Business Guru Answer originally posted on Quora.Com Speaking for myself and i would presume most ceos, we don’t get a large portion of the profits. While we make more than most in our company, but that is due to our ability to drive the…
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If something cost $1.10 to make, what would be a reasonable price to sell one for?

Answer by Drew Steig – Quoras Own Start Up & Small Business Guru Answer originally posted on Quora.Com There is no correct answer to this, you want to sell it for as much as you can. As i say in most answers, do your market research find out what similar products sell for, and price…
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Do business owners consider marketing services using the Internet valuable? If so, how valuable?

Answer by Drew Steig – Quoras Own Start Up & Small Business Guru Answer originally posted on Quora.Com Most are a waste of money. I do consider point of sale advertising such as amazon sponsored products to yield quite a profitable return. https://www.quora.com/Do-business-owners-consider-marketing-services-using-the-Internet-valuable-If-so-how-valuable/answer/Andrew-Steig

Can one make money by suggesting an idea to an already successful business?

Answer by Drew Steig – Quoras Own Start Up & Small Business Guru Answer originally posted on Quora.Com By suggesting it? Nope. Even if they like your idea you arent protected, they can just take and say bye. Heres how you make money Patent it, sell it, show your results, then license the right to…
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If a product becomes cheaper, does the profit decrease?

Answer by Drew Steig – Quoras Own Start Up & Small Business Guru Answer originally posted on Quora.Com It can, lowering price to increase volume of sales can be effective. Sometimes it backfires, other times profit per item is lowered, while overall profits rise. The other side is that as a company grows, it begins…
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When you first started your own business, were you trying to “get rich quickly” or create something that matters and a company that would last?

Answer by Drew Steig – Quoras Own Start Up & Small Business Guru Answer originally posted on Quora.Com There are a lot of questions in this. I am not the owner of the businesses i run, i am in simple terms a startup expert. I CEO 3 separate companies that i took from nothing and…
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When it comes to running a business, is it more important to have the right sources of money or the right people?

Answer by Drew Steig – Quoras Own Start Up and Small Business Guru Answer originally posted on Quora.Com 10 times out of 10 its the right people. The wrong people will squander any amount of money. https://www.quora.com/When-it-comes-to-running-a-business-is-it-more-important-to-have-the-right-sources-of-money-or-the-right-people/answer/Andrew-Steig

I am thinking about getting a small bank loan of 5,000 euros to start an online business. Is it a good idea?

Answer by Drew Steig – Quoras Own Start Up and Small Business Guru Answer originally posted on Quora.Com After interest you’ll end up paying a significant amount. And you have no guarantee your site will take off. Better to save the money. https://www.quora.com/I-am-thinking-about-getting-a-small-bank-loan-of-5-000-euros-to-start-an-online-business-Is-it-a-good-idea/answer/Andrew-Steig