The Benefits Of Buying A Business Franchise

Purchasing a franchise can be a good entry strategy for entrepreneurs. It eliminates many of the headaches associated with starting a new venture from scratch. It is also an opportunity for you to benefit from the experience, knowledge, expertise and support from a franchisor who has successfully tested and proven a business concept in the […]

The Basics Of Running A Small Business

Getting a small business up and running can be complicated, but it is only the beginning. Once the business is operational, there are many steps you need to take to ensure it runs smoothly. Business Insurance Every business needs insurance to protect the business and its property from damage and lawsuits. There are many different […]

Things To Consider When Doing Business Online

Small businesses are the most rapidly changing sector of business, and the proliferation of electronic commerce is evidence of entrepreneurs’ rush to meet growing market demands. Small businesses are tapping into the Internet to conduct business and to reach new customers. Business As Usual Whether you’re starting an Internet-based business or taking an existing business […]

Succession Planning For Small Business Owners

If you own an interest in a business, whether it’s a sole proprietorship, partnership or corporation, you need an estate plan. You’ve probably put a lot of time, energy and sweat equity into your business, and you probably did it without giving much thought to how you would separate yourself from the company when the […]

Collecting Payments From Customers

There are several ways to deal with collection problems, ranging from preventive action to initiating a lawsuit. If, as a business owner, you are fortunate enough to deal with people who always pay their bills on time, the remaining portion of this section may be of no interest at all. If, however, you have experienced […]

Types Of Insurance Needed For A Small Business

Business insurance protects the contents of your business against fire, theft and other losses. All businesses need to purchase a number of basic types of insurance–some insurance is required by law; others simply make good business sense. Remember, when buying insurance, it is important to understand the terms of the insurance, including any limitations or […]

The Basics Of Starting A Nonprofit Organization

Some entrepreneurs start charitable nonprofit organizations, designated as 501(c)(3), that qualify for exemption from federal income tax. With a nonprofit organization, the entrepreneur identifies a need in the community that is currently not being addressed. An example is an organization that solicits contributions to form a loan pool for minority and female business owners who […]

An Overview Of Starting A Small Business

The old American dream of owning and managing one’s own business is alive and well–stronger now than ever before. Latest statistics show that one out of every three Americans is involved in a new or small business. Many of these businesses are small home-based or virtual companies that are revitalizing the U.S. economy and employing […]

Tips And Strategies For Buying A Small Business

The entrepreneurial trend is here to stay and expanding worldwide. However, a new model of entrepreneurship is emerging–the buyout entrepreneur. This individual buys a business instead of starting one from scratch. Many entrepreneurs are finding that big returns come from the growth and revitalization of existing businesses. The number of businesses for sale is increasing, […]

Hiring And Negotiating With Service Providers

When you consider all the areas in which you must make decisions, nothing can be as time-consuming or as important as determining your service providers. If your phone system does not work correctly or your office equipment does not perform as promised, you risk losing business as well as looking unprofessional. The list of service […]

Tips For Choosing The Right Location For Your Business

Before you can start a business, you need to decide where to locate that business. This decision will depend on many factors, including what type of business you are starting, what type of customers or clients you are expecting and what you can afford. There are a few things to think about when deciding where […]

How To Come Up With A Business Name

The name of your business should give people an idea of the type of business you are in, and be distinctive enough that people will remember it. If that isn’t difficult enough, in addition to thinking up the perfect name, you must also take a number of steps to ensure the name is original and, […]

Special Minority Programs For Entrepreneurs

Generally, contracting opportunities with the federal government are available to any business, but there are special programs to encourage participation by small businesses, small disadvantaged businesses and women-owned businesses. Often the government will limit competition for contracts to small or minority-owned firms. An increasing number of awards are also limited to women-owned businesses. These are […]

Coming Up With A Great Business Idea

An abundance of venture opportunities exists in various industries with growing markets such as computer technology, the Internet, children’s products, ethnic products, specialty boutiques and pet pampering. Just a few of today’s hot venture opportunities are described below. First, determine where your interests lie and match them to your experience, skills and contacts. Then match […]

3 Steps To Starting A Mail Order Business

I want to start a mail-order based business, so, I ordered a kit that offers advice on what items would be lucrative to sell on the Internet. The company offers a money-back guarantee if purchases are not satisfied. Does this sound like a “get rich quick” scheme that will never amount to much, or should I […]

How To Hire A Lawyer And Accountant For Your Business

I’m starting a small business on a limited budget and trying to make every dollar count. Is it absolutely necessary to hire a lawyer and an accountant? Like preventive medical care vs. critical emergency care, it’s preferable to get sound business advice up-front that will help you avoid unforeseeable problems in the future. The penalties […]

How To Create A Division Of Your Corporation

My husband and I have an incorporated business. We are considering developing a division that would sell items online for a mail-order service. What are the laws, standards and/or guidelines for creating a division of your corporation? Starting a division of your corporation can be as simple as opening a new ledger sheet to track […]

How To Set Up A Non-Profit Organization

How does one go about setting up a non-profit organization? Is there an online source for more information on this subject, or a government page? While some businesses end up as non-profits accidentally — they just can’t seem to make a profit no matter what — if your main focus is helping others rather than […]

Starting A Partnership With A Friend – Things To Consider

A friend and I want to start a business together. Do you have any tips on how to make this partnership work? Having a partner means having someone to share the joys of success and the pains of failure with, but be sure that you’re not confusing partnership with a good friendship. You would be […]

How To Move A Business To Another State

I currently have a corporation in New Jersey. I have moved to Florida and have continued to do business under the corporation’s name. Do I have to move the corporation to the state of Florida? Theoretically, while your corporation battles the cold winters in New Jersey, you, as owner, can bask on the beach in […]

5 Signs You Are Ready To Quit Your Job

My husband owns a dump truck business, and I do the bookkeeping. I also have a full-time job outside our home. He is currently expanding, and I feel so stressed out that I am considering resigning from my outside job. How can I be sure I am making the right decision? You need to do […]

How To Protect Your Business Idea

I have the idea, business plan and capital for a business. My problem is protecting my idea. I’m scared that since I have little experience in the field I wish to venture in, if I ask for advice or capital, someone with more experience can take my idea and profit from it. If you have […]

How To Become A Freelance Consultant

For the past couple of years I’ve given friends marketing advice for their start-up or small businesses, ranging from letters of introduction to promotional ideas. Many of my friends have said I should start freelance consulting instead of giving it away. I would love to, but I don’t know where to begin. Never give it […]

The Pros And Cons Of Franchises

What’s the biggest downside to buying a franchise? Cost, pure and simple. If you buy into a proven franchise, the up-front ticket can run high — up to a million for a McDonald’s. If you choose a business that isn’t proven, then you’ve assumed a risk without gaining the benefits of a successful franchise. Another […]

Hiring Someone To Create A Successful Business Plan

I need help with a business plan for a spa and salon. SBA training courses have provided a lot of good information on how to run a business, but I want to start with a business plan. Who should I talk to about writing a successful business plan? Who can I hire to write a […]

Why It Is Important For An Entrepreneur To Develop A Business Plan

If your networking and contacts find the door to capitalizing your company, the business plan is your key to opening it. It is especially important to entrepreneurs, who can use a solid document to defeat any credibility issues about your management of the venture. Even if you recognize the need for a small business plan, […]

How To Legally Name A New Business

Picking a business name can be hard work: You’re creating your own brand. And with so many names out there already, the task of finding a unique name can require some creative thinking. In addition, you’ll need to meet local legal requirements and find out what domain names are available. Where to start? State and […]

Staff Needed To Start A New Business

You may be going into business for yourself, but you shouldn’t be doing it alone. Even if you have a great idea and the drive to make it happen, you may not have all the skills you need. To fill in those blanks, you need two types of people — specialists and supporters. That’s why […]

How To Hire An Accountant For Your Small Business

Finding a proactive accountant — one who goes beyond simply preparing your tax returns — can help chart your financial course and put you in control of your money. Whatever your level of knowledge, accountants can help you better understand your financial situation. “Even in this day and age,” says Debra Simon, a certified public […]

How To Determine And Track Business Profitability

The answer to the question “Is your business profitable?” seems like it should be obvious from a quick look at the checkbook or a nod from an accountant. As counterintuitive as it is, small business owners are sometimes among the last to realize that their businesses are unprofitable. Often preoccupied by the necessary endeavors of […]

Tips For Writing A Successful Business Plan

Writing a business plan is one of the most demanding and tedious challenges facing entrepreneurs, invariably taking dozens or even hundreds of hours of executive time. And as your business grows the task becomes ever more daunting, simply because the business becomes more complex; there are more details to cover in terms of planning operations, […]

Managing Large Projects And Resources With Microsoft Project

If you manage large projects or several smaller projects, you need to track how your staff is used, how your machinery and equipment is used, all while keeping up with the project schedule. The goal is to maximize all of your resources so you can maximize your billing and minimize the time it takes to […]