| Setting Up Shop: A Guide To Business Startup |
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| Written by Shawna Rupper | |||||
| Wednesday, 09 July 2008 | |||||
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Page 2 of 2 DeliveryYou also need to decide how you are going to get your goods or services to your customers. These days, there are two main options for doing that. You can either have an actual store or office that you can use to meet your customers face to face, or you can have a website that enables your customers to procure your services over the internet. Many people find it most profitable to do both. But, both have their own concerns before you begin business. LocationIf you need a store or office, you need to scout an appropriate location. You need to find a place that is within your budget while accessible and visible to the demographic you are targeting. You also need to include many extra costs in your budget such as rent, decorating, and equipment if applicable. When creating an online storefront, you need to consult web designers and programmers to ensure that you have the best possible website for promoting your business. The internet is flooded with junk websites, and to get noticed and be effective you have to have a great website, as well as an effective web marketing team to drive traffic consistently to that website. Success vs FailureThese might sound like a lot of things to think about, and the list could go on even longer. However, with careful planning, budgeting, and preparation, you are greatly increasing the chances that your new business will be one of the ones that becomes a success story, rather than another statistic of failure.
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The Importance of Incorporation??Thursday, 03 July 2008 | Joe Doyle Those wanting to start a business or entering into a business venture initially have an important decision to make: “Incorporate or not to incorporate, that is the question?” Those creating or running their own business have four basic structures to operate under. The entity can operate as a sole proprietorship, partnership, LLC or a corporation. These structures will be discussed in a bit more detail below.+ Full Story | The Pros and Cons of a Business PartnershipMonday, 23 June 2008 | Shawna RuppertThere are great benefits to be reaped from starting a business from a partnership rather than a solo perspective, but there are limitations as well. When deciding on whether or not to start a business as a partnership it is important to carefully weigh the pros and cons to see if this is going to be the best option for your company’s success. + Full Story |
| Business Plan TemplateSunday, 15 June 2008 | Sunil TinaniA simple step-by-step template for a DIY business plan. + Full Story | How to Plan a Start-UpSaturday, 14 June 2008 | Sunil Tinani Entrepreneurs are eager beavers – they have a business idea that must take-off immediately, right now, without further delay, asap, and so on – you get the idea! Well, taking off on a start-up without adequate planning is like flying a plane without a pilot – you go from one air pocket into another and keep going until you are left with only air in your pockets, no money, and then you crash land! + Full Story |
| The Home Based Business PlanMonday, 09 June 2008 | Shawna Ruppert Discovering the Home Based Business Plan that is going to work the best for you is the most important step in setting yourself free from our traditional models of employment. + Full Story | Business Networking: Earning a Wealth of ContactsMonday, 09 June 2008 | Shawna Ruppert Business networking is one of the most fundamental needs of any business. The success or failure of any new business can be largely dependent on whether or not they are able to build themselves a network of clients and customers during their startup period. Marketing, creating consumer loyalty and networking are all major factors in ensuring that you have the wealth of contacts that your business will need in order to be truly successful. + Full Story |
| Motivating your teamMonday, 26 May 2008 | Jill Marshall
Every thriving business is held buoyant by a team that works well
together, and the only way a team becomes successful is if they're
motivated to succeed.
+ Full Story | Becoming a business analystMonday, 26 May 2008 | Jill Marshall
Are you a technical buff? Consider
yourself somewhat business-minded? Believe it or not, these qualities
need not be channeled into separate careers.
+ Full Story |
| Efficiency RatiosMonday, 26 May 2008 | Sunil Tinani
Is the company employing its assets
efficiently? Or, are they being underutilized much to the
shareholder's agony? Here is how you can find out:
+ Full Story | Profitability RatiosMonday, 26 May 2008 | Sunil Tinani
These ratios measure how skillful a
company is at generating profits.
+ Full Story |
