Too bad your not in my neighborhood, I am looking for such a building. Anyway, my idea is a music studio, see (www.qtrtilldawn.com), and we are going to give lessons to ALL musicians but give free lessons for the less fortunate, as well as a music jamming, practice stage with recording equipment. All this because I live in a very rural area and we do not have the opportunity to just drive to the city and find a studio.but in your case, I honestly believe any community based endeavor is always on the right track. Your building will always increase in value and you will be growing community involvement and support.But no joke, buy a building over here and I will rent it from you...... We are a small community, about 2600 in town residents, about 37,000 county residents and about 70,000 part time residents and tourist.
Monday, February 10, 2014
Business ideas for vacant building? -
How i open my own business? -
The amount of money you have is not that important but these rules below are. Follow them closely and you will succeed.After years of trying and always wanting to find and grow a successful business, the so called secrets to success are so simple as to be embarrassing when you write them down. Anyway I am way past the stage of being embarrassed so here are my rules for running a successful business.Rule Number 1Is there a market for what you are proposing to sell?Don t listen to friends or family, they will generally agree with you out of politeness. Do some research on the streets, at work, at clubs, social events. In your specific case I would talk to sporting clubs and try to find out where they buy their stuff now?Talk to at least 500 people and more if you can. Don t ask them would they like to see a store or have a store like you suggest. Ask them this one important question?If there was a store, would you be be prepared to buy something?When you have finished this survey, you will know if there really is a market. Please interpret the research honestly and don t pretend to yourself there is a market when none actually exists. For example if they are currently buying say on eBay at cheap prices, how will you compete with that?Be very honest at this stage, it will save you a fortune.Rule Number 2Work out your overheads - ALL of them and don t try cutting corners. Lease of the shop, rates, taxes, lighting, heating, air conditioning, stock, staff, theft, security, your wages,advertising, time spent with suppliers, payment terms with suppliers, travel, expenses, overdrafts, loans, personal equity and there are more.Work them all out and don t compromise because costs NEVER go away.Rule Number 3Simple as this may seem revenue less costs is profit. Revenue in truth is meaningless or as they say revenue for show profit for sanity. It doesn t matter how much you turnover if it doesn t cover your costs. Work out your break even point. It s easy to do.Buy a football top at $30 Sell a football top at $50. You make $20. How many of those do you have to sell to cover your costs of say $0.2m dollars a year? 10,000 is a lot of tops so can you shift 200 of those a week?I know it is more complicated than that but you have to work out what the cost price and the retail price is for your line of products, and then do a forecast as to what sales you think you need to do. That will get you a break even point, and anything over that is profit. If so how much would they be prepared to spend a year on goods like this?Rule Number 4Do a proper business plan which is the most annoying thing in the world to do. In fact it s a pain in the rear but without something written down you won t ever know the truth. In Ireland where I live 3 out of every 4 start up business fails for this very reason. No research, no business plan and no planning.Follow these 4 rules and be honest with yourself. Rule 1 covers the market and the competition, rule 2 deals with the bit no-one really works through in detail. Rule 3 is find your break even point and Rule 4 applies only if you have done everything before it.If you do and things look negative stop it right there and kill the idea stone dead.If on the other hand it looks good, in other words there is a market, there is competition but you can compete, you know and understand your costs, you have your break even point, done a business plan and then done your planning, good luck and really go for it.Best single tip, start with the end in mind! Wish this help. good luck and have a great day ..
u
Got a small business question here, can anyone help? -
you can operate as a sole proprietorship and try to keep track of when you used your cell phone for work and when for personal, but what i would suggest is incorporating, to do that, what you need to do is consult with an accountant to determine what type of corporation you should form (my guess is it will be an S corp), then you will have to have a lawyer draw up all the paperwork. You will easily spend $750 just for these consultations. Despite that, you really should incorporate, it can provide excellent tax breaks that will not only benefit your business but your personal finances, it also makes things cleaner and if you were ever audited by the IRS, it s easier to prove what is what. on top of that, if your business starts generating serious revenue, you ll just about have to incorporate anyways.good luck with your business, internet businesses are incredibly comptetitive,
This is from a non-tax-professional.The easiest way to make this work the way you want is to simplify everything. What I mean is, combine as much as you can into a single bill. Run this by an accountant just be be sure:My local cable company offers both internet service AND phone service. I use both for home and business, so I can t write them off. However, if I had a regular land-line and only used the internet for business, it would be an easy one-bill write off for business expenses. As for cell phones, just be sure they aren t being used for personal use - or at least that you re not incurring any extra expenses because of personal use.Hopefully that gets you on the right track.
We are looking for launry soap raw material supplyer? -
Check out this site, you will find suppliers of thousands of raw materials:http://www.alibaba.com
How is your job satisfaction as a bookkeeper? -
it is quite pleasant once you get into the swing of things and become accustomed to the requirements and deadlines. especially if you like working with numbers like me.
Advice on starting a business for my son? -
Go to the local dairies and ask. They probably supply the delivery vehicles on a hire basis. I expect your son s mate gave it up because his income was declining. And it probably still is. You need a business plan.
I think having a third party resource that could sit down with both of you and map out the statistics, costs etc to see if it really is a viable business. This way the pressure is not coming from you and the 3rd party may provide some insights you son has not seen. Have your son get a business plan in place and then re-consider the investment. [Along with that, there needs to be a re-payment plan in place]
��10,000 is a huge amount, apart from a van what would the rest be for. You will find that the market for milk is stitched up. The people we used for our catering business could not make any money from it as the larger firms could charge lower prices. As a starter ask at a few shops or restaurants and see who their suppliers are. I think you will find it will be one of several large companies who buy milk by the thousand gallon and re bottle it themselves.
Why are you asking this question. If your son is serious about starting up this business then HE will go and find out all these facts and figures, If he wants you to invest in his business then HE has to come up with a good business plan. He should not be asking you for money unless he can prove on paper that the figures add up, and no investor with any sense would take on a project without the facts and figures being presented to him. Being a hard worker is no guarantee of success if the figures simply do not add up. He should have come up with a detailed business plan before he asked you to even consider backing him. If he won t go and find out these details then he is not committed to the idea. Don t risk your hard-earned cash on this venture unless he is prepared to do the leg-work. It is very easy to risk someone else s money!
Suggest to your son that he contacts his local Business Link for free help and advice on starting his business. They can help with things like his business plan, which is essential before starting any venture and particularly if you re asking someone to invest in it.As has been said elsewhere, ��10k seems a lot for what he s proposing to do. As part of his plan he does need to show how he s going to repay that money.It s also strongly advisable that you set up a formal agreement between the two of you, if he does go ahead and you lend him some money to start. It should set out exactly who has put up what, the effects on ownership of the business, what happens if there s a dispute of any sort and what happens in the event of the business failing. Most disputes in business are about money so it s easier to have an agreement in place before you start rather than trying to thrash things out in a crisis. (My husband and I have had agreements between ourselves in all our business ventures.)As has also been said elsewhere, if he s going to run this business, he should be the one doing the legwork and finding out about it. I fired my son from one of our businesses when he wasn t pulling his weight.
I need advice in creating a business 10pts? -
You ve asked this before. You need an investment counselor. Big returns come with big risks, so you may need to rethink your strategy.
Dont squander your nest egg. Slow down and be more deliberate with your investment strategy. It would serve you well to seek professional counselling for a small fee and get the peace of mind that your capital is safe. Do know this, big returns means big risk. How much of that money can you affor to lose? The smaller the amount, the smaller you should expect annual returns. At your age you have a long time to safely watch your investment grow.
>>>
- ▼ 2015 (1217)
- ► 2014 (1158)
- ► 2013 (1241)
- ► 2012 (1226)
- ► 2011 (1210)
- ► 2010 (1222)
- ► 2009 (1219)
- ► 2008 (1207)
- ► 2007 (1244)