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Make Millions and Make Change

Make Millions and Make Change

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Publicado porKaren Yakymishen
Make Millions and Make Change! is a practical guide to business Best Practices and strategies to success. Author Mike Mann has written this living document for you to use as your own set of Best Practices with the hope that you will then benefit society by contributing extra time and money to favored causes given your new found success.
Make Millions and Make Change! is a practical guide to business Best Practices and strategies to success. Author Mike Mann has written this living document for you to use as your own set of Best Practices with the hope that you will then benefit society by contributing extra time and money to favored causes given your new found success.

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Published by: Karen Yakymishen on Jul 15, 2008
Direitos Autorais:Attribution Non-commercial

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09/28/2012

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We like to emphasize “simple” because it is critical not to become
bogged down with endless paperwork, bureaucracy, and attorneys.

Modern Methods of Domination

105

This is too expensive, too time-consuming, and rarely adds significant
value to deals. The bigger the deal, the more overhead you may
consume—but do not do so for small change.

Paperwork is an infamously tedious part of business. In fact, parties
frequently procrastinate in completing paperwork to seal a deal, even
when it has been negotiated ad nauseum. Usually, what you think is
merely paperwork ultimately requires further negotiations that are nice
in principle but contentious and time-consuming as they become more
detailed.

Without upfront paperwork, you would not have a business plan, or
you would not have documented Standard Operational Procedures,
employment offers, web service contracts, and so on.

In addition, you cannot buy costly products and services without well-
documented, signed term sheets or formal agreements.

Paperwork should be quick and efficient, not backlogged. Again, you
will need to hire a good lawyer and someone who can help write or
edit your documents to get you through these stages of business.

If a vendor charges by the hour, you should get a range of expected
hours along with the details of what is to be accomplished upon
completion. Also, try to pay as little as possible up front so you
maintain some leverage in the transaction and protect your cash flow.

Some people seem to think they are immune from “getting it in
writing,” and certainly, nobody should be. It is amazing how

Make Millions and Make Change!

106

frequently people expect others to agree to something of financial
significance without producing paperwork that explains the details and
its exact cost.

Paperwork is also necessary to protect yourself legally and financially.
Often vendors prefer to leave things vague until it is time for you to
pay for their products or services. Even though the price will no longer
be vague, how it got so high and how you will be able to pay for it
probably will be!

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