Are You Financially Prepared For Your New Business?
Every new idea in business has to bore through a ton of skepticism. The entrepreneurs who started Xerox, Polaroid, Reader’s Digest, Ford Motor Company, and the other legendary successes were people with almost superhuman persistence. They spe…
How Long Does It Take To Establish A Storefront?
A considerable amount of time goes into starting a business. You will need to identify all the activities that will have to be completed and how long each will take, and determine the sequential nature of them. The general overview should includ…
Building A Credit Rating To Help Finance Your Business
Some lucky businesses go from inception to final sale without ever tapping formal credit at all. They start out privately funded and generate all their expansion capital internally. Other businesses borrow only rarely – perhaps only once or…
Licenses And Permits Needed To Operate Your Business
Of course it would be extremely convenient if we could list down all the permits and licenses you might need for any type of business. But unfortunately, these requirements vary from business to business, from city to city, state to state, and…
4 Tips You Must Know Before Buying A Business
The sale of a business is similar to the sale of a stock certificate. The buyer is more optimistic about the future than the seller. The moral to this situation is that you may ask sellers the reasons why they want to sell, but perform a thorough in…
How To Price Your Products
There are several factors to consider in setting your price, whether you are a service or project-oriented business or a more traditional manufacturer, distributor, or retailer. We will describe the six most critical factors in some detail. They are: (1) return on inve…
Handling Payroll
There are a few basic, yet important, rules that many new business owners learn the hard way. We’ll list them here in the hopes that it can save you from the same mistakes:
1. Report your payroll taxes. Yes, that means all of them on all of the nice little forms, and when th…
Ways To Advertise Your Business
Advertising is simply the collected ways of drawing favorable attention to yourself or your products. Since the various tactics are as limitless as the human imagination, we’ll only suggest some general ways of accomplishing it for cheap. First of all, recognize…
Advance planning for a trade show can pay huge dividends if a catastrophe occurs.