Why do we even need business licenses? I have a product or service to sell, my customers have money. Can’t we just trade and leave it at that? The new business owner might find themselves wondering about that, as they maneuver the maze of requirements and regulations attached to running a shop with the local law’s blessings. Read the rest of this entry »
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Custodial and maintenance services are one of the few recession-proof industries. The maintenance staff is among the last to get laid off - even an empty building will have an owner who wants to keep the place tidy for prospective buyers or tenants, or even just to prevent weeds and vandalism from taking over. The Building Service Contractors Association International estimates that the cleaning business takes in revenue of $60 billion per year. Read the rest of this entry »
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A recent survey found that of all first-time business owners, 80% simply allowed their businesses to go broke, eventually closing their doors and selling their equipment. Does that sound familiar? “Going out of business sale”, says the sign. You may even have some equipment which you picked up at bargain prices from business owners who were selling their businesses this way. The thing that nobody seems to ask is - why don’t we think of selling businesses first, before they go under? Read the rest of this entry »
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Finding Cheap Car Insurance On The Internet - In conducting a quick search, you will discover that there are a host of insurance companies on the Internet that offer low cost car insurance with various options on coverage. Although car insurance prices keep right on increasing year after year, with some concerted efforts in the right direction you can find an insurance company that will provide you with great deals on your insurance. So, here are some tips you should look for on the Internet when shopping for car insurance that will enable you to shrink your auto insurance premium. Read the rest of this entry »
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There’s more to having employees for your small business than just paying them a wage. In the United States, our system forces its citizens to rely heavily on their employers for medical insurance. The Wall Street Journal reported in 1999 that 70% of Americans obtained coverage through their employers. The only other option would be to pay high enough wages that the employees could pay cash for a doctor. What’s that you say? Health insurance looks like a better option now? I thought you’d say that. Read the rest of this entry »
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Really, accounting software isn’t a boring subject. As long as we discuss it very briefly. So, here’s the least you need to know about picking accounting software for your business which will be a help, not a hindrance. Read the rest of this entry »
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Contrary to what myriad Internet sites would have you believe, there is much more to small business planning than a good marketing mix and solid financials. Whether you want to sell the next big thing or you simply want to rev up sales and profits for an existing operation, no business plan template will Read the rest of this entry »
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Things you will need: (1) money (2) sanity. Now prepare to spend both until they’re all gone…
Well, OK, it’s not that bad. Not always, anyway. Assuming that you don’t already have a wad to invest, there are banks, venture finance companies, insurance companies and other financial institutions that will nearly jump all over themselves to lend to entrepreneurs. Failing that, there is the Small Business Alliance (SBA), which another place that you can turn to and they would help you out with your financial needs.
So, the obvious money question out of the way - What do you really need to start a business? Read the rest of this entry »
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A rollover IRA is when you transfer your retirement funds from your previous employer to your own individual retirement fund. You usually can do a rollover only when you are leaving your job for another one, opening your own small business, or - of course - retiring.
When you borrow money from it, what you are doing is an “indirect rollover”, which can be used to borrow money from the IRA, with a strict limit of once per year. Read the rest of this entry »
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It is amazing how many people strive every day for money, and yet have no idea of how money works. If you ask them what a piece of currency means, what a rate of exchange is, or how a depression is different from a recession, you often get a blank look. You would think, like any good hunter, one would take the time to get to know the prey thoroughly. Read the rest of this entry »
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How do nations borrow money