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[help] How to Manage a Business?, for a Newbie.

Discussion in 'BlackHat Lounge' started by reelsam, Jan 14, 2010.

  1. reelsam

    reelsam Newbie

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    How would one go about managing a business? Delegating task to workers. Making out the pay grid to employees. Marketing? Partnering with another business and negotiating shares in sales.

    Second, does a forum or site that makes money from its users through ads and donation share it amongst the owner and its moderators, admins, etc? How much (in percentage maybe) would a person pay his second-hand man or core team? the team does not sign a contract. does not have an official employment agreement. they are accepted as contributors only. if that is so, then in your own experience, do you pay them or just how could you work out a plan to keep them in the team throughout the site's success into a million dollar business?

    so the owner asks himself: "how do i manage this whole goddamn business without a degree/background in MBA or sales? i only know how to write programs. i only invent."


    alright. given the exemplary story, can anyone say that the owner needs a crash course in business? get up-to-date with books and countless business articles off-line and on the Internet? maybe go get his MBA degree? is there any suggestions, recommendations, hints, tips that would guide this sorry bastard with what he attends on doing? like deciding how the fuck he's going to pay his brother in arms (core team) fairly?
     
  2. Rockin

    Rockin Junior Member

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    Alright I am just gonna try and answer a few of those questions. I have no MBA or anything, but I have a slight idea of how this works (Done a few coding projects with some of my friends).

    To begin with I believe most forums don't share profits with the mods, usually moderators do what they do because they love the community. If you're making bank on a product, or forum which others helped design I would say cut your team in on it. Legally you don't have to, but how would you feel if you worked on a project only to see others profiting big time off your work? Usually when I work on coding something we just split up the profits equally, rather then worry about who spent x hours of time making this or that (We are all good friends though, and no one is too worried about profits anyways).

    As far as delegating work just make sure everyone is doing what they are good at, and pay out based on how much work or skill is required to do each job. If someone designs/runs a website or forum for your product maybe give them 1-3% of the profits, while the people who helped make the product get 3-10%.

    If you do want to Partner up with another business it would probably be best to write up a contract using a lawyer.

    Hope this helps, I am by no means an expert. If you are making a ton of cash it might be best to just hire someone with a degree to help you out (In this economy a lot of people with MBAs are out of work and willing to do a side job for some income).
     
    • Thanks Thanks x 1
  3. reelsam

    reelsam Newbie

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    yeah. that gave me a glimpse to this side of business. i have my a several orders on book coming in in a couple week, so i hope that will help cover some stuff too. thanks Rockin.