Wednesday, July 22, 2015

What are formal and informal networks to hairdressing salon? -

in addition, if you able to provide with some examples of each one. thanks in advance to your help

The formal networks are those based upon well defined relationships. That is people know how and why they interact. E.g. The boss and the salon workers, vendors and the office manager, etc. Informal networks or relationships are not based upon strong relationships, but rather informal relationships. Networks between and among the customers would be informal. Peer workers may form informal networks. Think of them as clicks Hope this helps. Good Luck.

In the continental US does location have any impact on a mail order/internet based retail business? -

Tax benefits aside does location matter?

sometimes. your actual shipping costs can be reduced if you ship from a location close to most of your sellers. if you charge a flat rate for shipping, your profit is increased.

Small business owners. What do you think of this method we use of invoicing? -

My husband and I run a small business. He repairs industrial machines and has over 400 clients he will service. He may only get to some customers once per year and then others several times per year. When he invoices he fills out the worksheet with repairs and the final cost on the spot and hands the paperwork to the floor manager. If they pay him a cheque on the day they get a 5% discount as an incentive otherwise it is 30 days credit. He works on his own and I do the accounts. The thing is that once a month I chase up unpaid invoices. I email overdue notices and call if they fall really behind. Lately they have all been saying the same thing you haven t sent us an invoice . I try to explain that we don t work that way and have discussed it with my partner more than once about this method of payment. I see it as an excuse for them to hold off paying as long as possible. My husband says that he would only be posting out the paperwork he gives to the floor manager anyway as it has the original signature of whoever approved the job to be done. He also says that it is double the paperwork etc and the cost of stamps plus my extra time. I think he has a point. If someone comes to repair something at your house they give you paperwork on the spot - not post it later. He is also not always able to wander around the factory floor unaccompanied to hand it to accounts. To me it should be the responsibilty of the floor manger who approved the job to hand it to accounts - otherwise we could make up what we are charging them for. If we start to send out invoices it puts the pressure back on us especially if it is only 30 days credit and if it gets lost in the mail etc. What do you think?

I run my own business. I always email my invoices out. 30 days credit is exceptionally generous and I d never offer a 5% discount because it somehow cheapens the service you offer. It s like saying we re over-charging you 5% and it encourages people to take you up on the 30 days credit offerIf you want my advice I would drop the 5% discount the 30 day credit. I d put a line on the invoice saying that payment is due within 7 days. If they haven t paid in 10 days I d hurry them up.By giving them 30 days you re increasing the chances that they ll forget. Bits of paper do get lost. At least if you email the invoice there s a permanent record.Make sure you re sending the invoice to the right person (which probably wont be the person who authorized the work). Include the job number etc.Don t negotiate your terms. Tell them 7 days, that s it! It s a professional service you offer not a credit facility - you re not a bank so don t encourage your clients to view you as one!!

I can see your point and theirs. Here s how I d go about doing it. I d continue to offer the discount if they paid then and invoice those who didn t. It s not about who s right or wrong it s about how quickly you collect your money. If sending invoices gets your money quicker then do it. If you are having to waste time and have the extra expense of chasing down those accounts anyway then you haven t lost any time or money by invoicing them. Since you are emailing the past due invoices it shouldn t take much extra time or money to go ahead and send them the invoice before it is late.

It is no big deal to prepare an invoice, from what you describe. It is very unusual for businesses to pay for goods without an invoice, so you are cutting off your own nose to spite your face if you refuse to do this.It s not double the paperwork if he uses a duplicate or triplicate book to write the original bill. He gives the original to the customer at the time he does the work, and the duplicate can be filed as your record (and if you really are averse to typing an invoice, a photocopy of this would suffice).You have to remember that the purpose of having a business is to make money, so getting this part of your business working well is vital.

As a business owner, I never pay anything without an invoice. Paperwork gets lost. Billing accounts receivable is the responsibility of your business, and once I get that invoice it becomes my responsibility to pay it. But if it is a credit account, I expect a bill at the time the account becomes due.

Need to make our stand stick out at a trade fair? -

We ve got a trade fair tomorrow in a mall and we need our stand to seem unique and different to everyone else s. We re selling CD s to help learn the Irish language in a fun way. We ll be wearing Santa Hats and we ve got posters, but if anyone had any ideas how to stand out more, it d be a big help . . .?Thanks!!!

Anything in Neon, or hang the cd as ornaments off the booth hope this helps...

Writeup matter / draft for a proprietorship trading firm? -

general writeup for making a proprietorship agreement

When there are multiple owners of a business it s normal to write up an agreement describing how the partnership will work. You don t need one if you re a sole trader.If you mean how to write a business plan then this may be helpful: http://www.google.com/#hl=en q=How+to+wr��

Is $3100 a month alot of money? -

what job pays $3100 a month

If you re single then it would be enough though you won t be able to afford too many luxuries. Mostly just enough to get by.If there s more then one of you, such as a girlfriend, wife, kids, whatever, then it wouldn t be enough unless they are earning money too, more then $3100 a month.For a full time job it s not that good of a pay at all. If it s a part time job then that s great!

thats alot compared to what i am going to live off of. you can comfortable live off of 900-1200 dollars if you can stretch it correctly. so 3100 is a ton of money!!!

No...That s just enough to live fairly well if you re single...

for a single person, yeah... its enough

Do you have to have a registered business to buy......? -

merchandise from manufacturers or wholesalers? I do not own a business but was wondering if I can still contact manufacturers to buy from them.....thanks!

You may be able to contact them but most will require you to have a tax id because they sell without the tax and it is up to you collect in the future (from the end user).

I think you could just have to go on the manufactuars website if they have one.

How old do you have to be to start a business? -

how old do you have to be to start a business?

that depends on the volume of your business:for doing neighborhood chores and grass cutting, snow shoveling etc for pocket $$, you can start as young as your parents/guardians allow.for setting up a proprietorship, LLC, or an S/C corporation as well as applying for an Employer Identification Number (EIN) or Tax identification Number (TIN) that s different from your SS# you need to be 18yrs old.

i don t think there is an age limit as long as you re capable of getting it started. however, if you want to start a new company that is it s own legal entity you might need to be old enough to fill out the paperwork.

i think it is don t have the relation with the age.....Now I only 24....but I have do the business of the jewelry for about 5-6 years....very well.....

Old enough to handle your own money, get a checking account, write a check, put an ad in the newspaper.

any age with prenatal consent 18 for most things tho

How do i start a wholesale produce business? -

You need a whole sale business license. Depending on what state and what product you decide to sell, will depend on how big your business must be and also the fees you must pay.

Do i need a licenses to sell cigarettes and Tobacco? -

hi all i m opening a shop and i would like to knowDo i need a licenses to sell cigarettes and Tobacco if yes how do i get one

everywhere in America, yes.licenses for this come from the state. you may also need local licenses. check the appropriate websites.

Yes you need a lincense! You will need lots of checks etc.Try contacting maybe your local council or government.

What is the best way to get a start-up loan if you need it to purchase the equipment to start the business? -

Are there loans to purchase the equipment needed to even begin the business, without taking out personal loans or borrowing against your home?

Let s start with this: forget banks. Banks historically don t like to lend to small companies without several years of operating experience. And in this economy, the environment has become even tighter, as banks are trying to clean up their own balance sheets and refusing to lend even to companies who might have been great opportunities in the past. So, while there are a few loan programs out there through the SBA and such, my suggestion would be for you to connect with suppliers, especially the manufacturers of the equipment to determine if they would be willing to become a partner in your venture. Since they have a vested interest in having you as a customer, many businesses are looking for creative ways to finance growth. When I was in the magazine industry, we were able to get fine credit terms from our printer, as they were eager to have us as a client. Those are the first calls I d make if I were in your shoes.

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if the business is new - the only loan you will get is going to have to be personally guaranteed or will require collateral like home equity and if you are not willing to share the risk with the bank, why would they help you? A business plan is almost a requirement also

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Can I operate 2 different business parallels under one single company? -

If I open a business, called Company AAA, can I legally operate 2 kinds of business under the same company?I want to open a technology services company and a medical billing company. The technology company will implement and support medical billing software and other office technology services for other companies, they re kind of aligned but still 2 different lines of business.Can I still operate these 2 business under one single company? This would help me save money to start up my business.Any other suggestions?

If you re thinking of forming a corporation or LLC you can form one and then have two different fictitious names owned by the legal entity, which would be the corporation or LLC.

sure - just make them divisions of the same company - as for multiple Fictitious Names - that s another matter and that will cost you money

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