Q. I am planning on starting a small retail business, however wasn't sure if I had to start the business this year if I get the business license now. There is a tradeshow coming up next month, but requires you to show proof of business license to get in is the problem and I really would like to go as it will have meeting opps for wholesalers, etc. If, I don't have to start business this year, will there be anything to worry about having to do for tax filings next year???
A. You can have the license and start the business in the near future-You will only file business taxes which are suppose to be done quarterly when your business makes money-Sometime businesses take time because of business plans and finance
What should I put in a care package for someone about to start business school?
Q. One of my best friends is about to start business school and I'd like to send her a care package. Do you have any recommendations as to what I should include? thanks!
A. What a great gesture. Here are a few suggestions:
DVD - RW's and DVD R's,
an iTUNEs card,
CD-RW's and CD - R's
high energy snacks and drinks (trail mixes, Red Bull)
soft fuzzy socks (for long cold nights of studying)
a picture of the two of you
a nice note of encouragement
Target giftcard
Good luck to your friend
DVD - RW's and DVD R's,
an iTUNEs card,
CD-RW's and CD - R's
high energy snacks and drinks (trail mixes, Red Bull)
soft fuzzy socks (for long cold nights of studying)
a picture of the two of you
a nice note of encouragement
Target giftcard
Good luck to your friend
I have 5 thousands and want to start business? What are the businesses I can start with 5 thousands.?
Q. I have 5 thousands and want to start business? What are the businesses I can start with 5 thousands. My credit score is not so good which I am trying to improve.
A. Due to the lack of decent answers so far I guess I'll have to give it a go!
The fact that you've managed to build up 5000 in savings given your bad credit score (I assume the 5000 of which you boast is savings money?) is very impressive and is a very good sign.
But I certainly can't give you a decent business idea! Do you know what? If I had an idea for a business that would make me loads of money off £5000 I certainly wouldn't share it with you! YOU need to have a good idea to start a business, look for a niche in your local community or a problem with an existing product.
The fact that you've managed to build up 5000 in savings given your bad credit score (I assume the 5000 of which you boast is savings money?) is very impressive and is a very good sign.
But I certainly can't give you a decent business idea! Do you know what? If I had an idea for a business that would make me loads of money off £5000 I certainly wouldn't share it with you! YOU need to have a good idea to start a business, look for a niche in your local community or a problem with an existing product.
how can i start business with no investment?
Q. how can i find franchise business with no investment i am looking start business bring people to business work ! i am looking for franchise businesses i have bad credit i know i ma not aproving with no banks at all but i am looking start business with no investment at least pay back when i started if any one know where to find a franchise business like that?? thank you!
A. There are many businesses that you can start with no capital.
1. Sell something. While some salespeople are employees, many, if not most, are independent contractors - essentially, self-employed business owners. Examples: Insurance agents, merchant account salespeople, advertising sales, manufacturers representatives, stock and bond brokers, real estate agents, and auctioneers. Some small service businesses will hire an outside independent sales rep, when offered, because they only pay when you sell and quite a few could use some extra business right now.
2. Lawn care and odd jobs. Anyone that thinks you need a lot of money to do this isn't very creative. When I was 18, I bought a truck for $400, and two lawn mowers for $50 (all used, but functional). Flyers and business cards were another $25, and I was in business earning three to four times the minimum wage (at that time) with more work than I had time to do. A kid that mowed my lawn a few years ago used a borrowed mower, and borrowed an Oldmobile Cutlass to get around at first. In a week, he had enough money to buy his own mower, and within a month, enough to buy a used truck.
If you need capital and a bank won't lend you the money, there are alternatives, known as Peer to Peer Lending, or Social Lending (Google p2p loans, social lending). Kiva does very small loans, or micro-loans. Another source is Prosper. Both are linked below. The SBA, or Small Business Administration has a micro-loan program (average of $13,000 per loan), but you'll need decent credit for that because the lender is still going to be a bank.
Another source of capital is an angel investor. While many think angels are only interested in very large projects, that's simply not true. One entrepreneur in my home town went to an angel, asked for a $1,000 loan to purchase a property, and got the loan. Several decades later, he's nationally known as an entertainment entrepreneur with multi-million dollar properties that are shining examples of how good a venue can be. Another entrepreneur started out with a $2,000 investment in a gas station. Today, he's a billionaire, with properties all over the world. Big business can start small.
There are angel networks in every part of the world. Some are online, some you'll need to ask around to uncover. Ask your local university about any entrepreneurship programs that can link angels with budding entrepreneurs. The SBA development agents can also help link you with angels, because many banks want the borrower to have some equity at risk, and an angel investor can provide that additional capital.
Another source of capital are utility cooperatives, such as natural gas and electricity. Some of them have excess capital. I have found some that will make zero interest loans to local businesses where the money is used to build or expand a business (the key was the business would increase the demand for the utility cooperatives product, usually electricity). They have a vested interest in maintaining and growing the local business environment that uses their service.
Finally, your local chamber of commerce and/or economic development organization, may be able to connect you with local angels, as well as potentially help you with any local government programs designed to help local business owners.
1. Sell something. While some salespeople are employees, many, if not most, are independent contractors - essentially, self-employed business owners. Examples: Insurance agents, merchant account salespeople, advertising sales, manufacturers representatives, stock and bond brokers, real estate agents, and auctioneers. Some small service businesses will hire an outside independent sales rep, when offered, because they only pay when you sell and quite a few could use some extra business right now.
2. Lawn care and odd jobs. Anyone that thinks you need a lot of money to do this isn't very creative. When I was 18, I bought a truck for $400, and two lawn mowers for $50 (all used, but functional). Flyers and business cards were another $25, and I was in business earning three to four times the minimum wage (at that time) with more work than I had time to do. A kid that mowed my lawn a few years ago used a borrowed mower, and borrowed an Oldmobile Cutlass to get around at first. In a week, he had enough money to buy his own mower, and within a month, enough to buy a used truck.
If you need capital and a bank won't lend you the money, there are alternatives, known as Peer to Peer Lending, or Social Lending (Google p2p loans, social lending). Kiva does very small loans, or micro-loans. Another source is Prosper. Both are linked below. The SBA, or Small Business Administration has a micro-loan program (average of $13,000 per loan), but you'll need decent credit for that because the lender is still going to be a bank.
Another source of capital is an angel investor. While many think angels are only interested in very large projects, that's simply not true. One entrepreneur in my home town went to an angel, asked for a $1,000 loan to purchase a property, and got the loan. Several decades later, he's nationally known as an entertainment entrepreneur with multi-million dollar properties that are shining examples of how good a venue can be. Another entrepreneur started out with a $2,000 investment in a gas station. Today, he's a billionaire, with properties all over the world. Big business can start small.
There are angel networks in every part of the world. Some are online, some you'll need to ask around to uncover. Ask your local university about any entrepreneurship programs that can link angels with budding entrepreneurs. The SBA development agents can also help link you with angels, because many banks want the borrower to have some equity at risk, and an angel investor can provide that additional capital.
Another source of capital are utility cooperatives, such as natural gas and electricity. Some of them have excess capital. I have found some that will make zero interest loans to local businesses where the money is used to build or expand a business (the key was the business would increase the demand for the utility cooperatives product, usually electricity). They have a vested interest in maintaining and growing the local business environment that uses their service.
Finally, your local chamber of commerce and/or economic development organization, may be able to connect you with local angels, as well as potentially help you with any local government programs designed to help local business owners.
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