What are the challenges of starting and owning a small business? -

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Wow. It would take a week to completely answer that question and some answers would depend on what type of business. Biggest challenge is typically capital. Next is sales/marketing. Employees can be a headache. Self employment taxes.

LOL... what ISN T a challenge when you start and own your own business?? ;-)But seriously, there s a few that stand out in my mind:1. If your small business consists of just yourself, as is the case with many small businesses starting out, you have to do EVERYTHING yourself. A typical day for the small shop owner might include serving customers, working with suppliers, promoting your business, attending a local chamber of commerce meeting, paying bills, cleaning the toilet, vacuuming the floor, etc. Dealing with the array of many disparate tasks requires incredible discipline and multitasking abilities. 2. Getting through the initial period where you re not yet profitable. Many businesses involve substantial up front investment. It takes time for enough revenue to come in to offset these expenditures. That can be stressful, but hard work and patience can help this process along.

Why wont Ebay let me remove the paypal option on my listings? -

I am currently changing banks and have had some trouble with my paypal account. I am still selling items on ebay and want to remove the option of paypal as a payment method but it wont seem to let me? anyone know how to do this?

Also Paypal is a scam they scammed me too.http://www.paypalwarning.com/

Perhaps because eBay owns PayPal.

It is in their user agreement that you can use ONLY paypalWHY ? because e-bay owns PayPal

If the company I work for sells the business while im on maternity leave, will my maternity pay stop? UK? -

I know you get the SMP still if you get made redundant but what if the actual company gets sold?

You are sold to the new company it s called TUPE. They will be responsible for you from now on.

don t quote me on this, but i believe the smp gets transferred to the new company? take a look at this downloadable pdf which details everything about maternity pay by hmrc:http://www.hmrc.gov.uk/families/fage15.s��

Why do so many innovations seem to come from entrepreneurs and small business? -

Why do so many innovations seem to come from entrepreneurs and small business?

because those people are the ones that made this country what it is, we need more innovaters

On a balance sheet would you put the cost of your inventory as what you paid for it or what you can sell it...? -

for or the profit you make on it Thanks :) - new to this.

Closing stock should, in the broadest terms, be valued at whichever is LOWER of cost paid or achievable value.Obviously, as the above poster pointed out, you would actually generally use an accounting policy for valuing your stock, usually AVCO or FIFO (never LIFO, it s now illegal in most countries and against international accounting practises).

The balance sheet has to reflect a true and fair view so the value of your stock would be whatever it is worth as it stands in the open market. That is not necessarily what you paid for it as its value might have gone down and it is likely to be less than the expected retail value (which includes profit margin).There are conventions for keeping a running estimate of stock value (FIFO, LIFO and AvCo ... maybe others since I studied bookkeeping many years ago) though these are no substitute for a proper periodic valuation.If your only choice is between cost price, selling price and profit element, I suggest you use cost price.

Cost priceCost price is a known fact. What you sell it for is an unknown amount (or might end up at a loss).

How do I build a vending machine? -

I need help building a vending machine similar to the snack and soda machines that are in malls. I need a list of the specific materials to build it and instructions for assembly. Or pointing me in the direction of a website with this information? Thanks

Huh? Why would you build one when you can simply buy them.

Is there a micro loan for someone with bad credit to start a small business with $5000? -

Whether you are just starting a business or are trying to grow into a new level of entrepreneurship, it is essential to get the right assistance. If you need financial help, then considering a loan may be the best alternative. However, many businesses will not only require a basic loan, but may need help if their credit rating is not at the top percentage. Understanding what is involved with bad credit business loans can provide a new option for those that want to finance their business correctly.Typically, bad credit business loans are available to those that don t have a business credit rating or that have not successfully paid back loans in the past. If your business name has missed payments or has late payments, then it will affect your credit rating. However, for many that are working in entrepreneurship, there is the need to have extra money to move their business to the next level. If you are in this situation, then working with specific loan programs may be the best alternative.If you know your credit rating, then you can find specific loans that will help you at this level. After this point, you will want to look into financial projections that are a part of your business. For most bad credit business loans, you can identify a fixed rate to pay back every month. This will determine how long you will need to pay back the loan and can further help you to identify how much you can borrow. Creditors will often provide flexible payback options as well as cash advances if you need smaller loans. Knowing the different alternatives and finding what fits your financial needs best can then assist you with the correct options for your financing needs.If you are interested in taking your business to the next level and need financial assistance to do so, then considering bad credit business loans may be the best alternative. This can provide you with the right amount of money for your needs while allowing you to get to the next level of business. Evaluating your situation and finding a program that fits can then help you to make the correct business moves for your needs.Bye...

not in the US.