business?!?
Q. well am thinking about starting my on business any ideas on how i can get started and wat should my business be
Asked by JJ - Tue Jun 3 16:24:55 2008 - - 3 Answers - 0 Comments
A. you've got it back to front. First you look for a niche in the market that needs to be addressed or you note a shortage of demand. If you are not addressing these keep your money in your pocket. Business opportunities come from hobbies expanded, new technology (e.g. become the Blue Ray expert), niche markets e.g. something a cultural group wants or needs, changes in law create opportunities for experts to emerge, changes in demographics e,g, more children in the area. Look around. Ask people around you. How to start will depend on the idea - some businesses start part time until they get enough customers to move on - some start as web based businesses and others just have to bite the bullet and go bigtime. Whatever you do please do… [cont.]
Answered by ASBC - Tue Jun 3 18:02:51 2008
Q. well am thinking about starting my on business any ideas on how i can get started and wat should my business be
Asked by JJ - Tue Jun 3 16:24:55 2008 - - 3 Answers - 0 Comments
A. you've got it back to front. First you look for a niche in the market that needs to be addressed or you note a shortage of demand. If you are not addressing these keep your money in your pocket. Business opportunities come from hobbies expanded, new technology (e.g. become the Blue Ray expert), niche markets e.g. something a cultural group wants or needs, changes in law create opportunities for experts to emerge, changes in demographics e,g, more children in the area. Look around. Ask people around you. How to start will depend on the idea - some businesses start part time until they get enough customers to move on - some start as web based businesses and others just have to bite the bullet and go bigtime. Whatever you do please do… [cont.]
Answered by ASBC - Tue Jun 3 18:02:51 2008
How important does the business plan to lenders?
Q. I want to get $20,000 business loan to extend my small business. I have never taken serious to write a business plan for my business, and I don't like play the words or numbers, but my business do have some profit. Would I get a loan if I have no a qualified business plan? Please help.
Asked by cccxh1 - Mon Mar 17 04:43:26 2008 - - 3 Answers - 0 Comments
A. Business plans are VERY important. You definitely have to put a lot of thought and time in constructing one. Put yourself in the lender's situation - if some random guy came up to you with no clear plan, why on earth would you give him $20k? If you are sure that you'll make a or are already making a profit, spell it out for them. Show them how you've flourished and how you expect to grow in the future with this money. Obviously you don't have to know every specific detail going into the distant future, since no one can predict what will happen with your business, but at least develop likely scenarios so you'll be prepared for anything. Good luck!
Answered by kelly o - Mon Mar 17 04:49:09 2008
Q. I want to get $20,000 business loan to extend my small business. I have never taken serious to write a business plan for my business, and I don't like play the words or numbers, but my business do have some profit. Would I get a loan if I have no a qualified business plan? Please help.
Asked by cccxh1 - Mon Mar 17 04:43:26 2008 - - 3 Answers - 0 Comments
A. Business plans are VERY important. You definitely have to put a lot of thought and time in constructing one. Put yourself in the lender's situation - if some random guy came up to you with no clear plan, why on earth would you give him $20k? If you are sure that you'll make a or are already making a profit, spell it out for them. Show them how you've flourished and how you expect to grow in the future with this money. Obviously you don't have to know every specific detail going into the distant future, since no one can predict what will happen with your business, but at least develop likely scenarios so you'll be prepared for anything. Good luck!
Answered by kelly o - Mon Mar 17 04:49:09 2008
Can I deduct a business mortage payment or only the interest and why?
Q. I need to know if I can deduct the mortage payment on a business. Our business mortage is a commercial loan and only the business is on it. Or, is only the interest on the business deductable. If so, would it be in our best interest for the business to rent from us this year?
Asked by tru_belle - Thu Feb 7 17:49:43 2008 - - 1 Answers - 0 Comments
A. The business can only deduct interest expense. If you own the property personally, and the loan is in your personal name (OK if business is a co-borrower), then the business could deduct the entire payment as rent expense. However, you'd then have a separate schedule on your tax return for this commercial real estate. You'd show the rent payment as income, and then deduct the interest expense there. If the business is an S-Corp then shouldn't be much of a difference either way. . . If you're a business owner with commercial real estate, you really should have a CPA (or experienced tax accountant) prepare your taxes. . . . Oh, you can't deduct the entire loan payment, as principal paid is a repayment of money lent to you!
Answered by Jonathan B - Thu Feb 7 21:22:11 2008
Q. I need to know if I can deduct the mortage payment on a business. Our business mortage is a commercial loan and only the business is on it. Or, is only the interest on the business deductable. If so, would it be in our best interest for the business to rent from us this year?
Asked by tru_belle - Thu Feb 7 17:49:43 2008 - - 1 Answers - 0 Comments
A. The business can only deduct interest expense. If you own the property personally, and the loan is in your personal name (OK if business is a co-borrower), then the business could deduct the entire payment as rent expense. However, you'd then have a separate schedule on your tax return for this commercial real estate. You'd show the rent payment as income, and then deduct the interest expense there. If the business is an S-Corp then shouldn't be much of a difference either way. . . If you're a business owner with commercial real estate, you really should have a CPA (or experienced tax accountant) prepare your taxes. . . . Oh, you can't deduct the entire loan payment, as principal paid is a repayment of money lent to you!
Answered by Jonathan B - Thu Feb 7 21:22:11 2008
Do you think a business acquaintance service can be a profitable industry?
Q. Everyone has some business acquiantance that can help others to do successful business. How to let all of them know each other. Business acquitantance service may do it. Big business service ? Profitbale business service ? Let me know. Great thanks.
Asked by energyquotenet - Mon Aug 14 04:06:43 2006 - - 2 Answers - 0 Comments
A. Networking. In your instance, pooling together all business acquaintances for mutual exchange of ideas and support. Sounds great, go for it. Good luck and success, my friend.
Answered by TK - Mon Aug 14 04:10:45 2006
Q. Everyone has some business acquiantance that can help others to do successful business. How to let all of them know each other. Business acquitantance service may do it. Big business service ? Profitbale business service ? Let me know. Great thanks.
Asked by energyquotenet - Mon Aug 14 04:06:43 2006 - - 2 Answers - 0 Comments
A. Networking. In your instance, pooling together all business acquaintances for mutual exchange of ideas and support. Sounds great, go for it. Good luck and success, my friend.
Answered by TK - Mon Aug 14 04:10:45 2006
What is a great business to venture into in Malaysia?
Q. I am looking to venture into a business that is long term, tangible, and with a business model that is not too costly. As far as location goes, where would be the best city in Malaysia to operate the business? Will it be hard to apply and obtain a business license? What is the business tax rate? Is there a minimum wage to pay an employee in Malaysia?
Asked by hewgnew_342634 - Tue Jul 7 10:54:46 2009 - - 3 Answers - 0 Comments
A. First of all, can I know from which country you are? Beside that if you really interested to do business in Malaysia you are welcome. I'm looking for a partner to expend my business. Our company dealing with State Government in Malaysia. If you are really keen on doing the business in Malaysia here is some of the site you need to know before you go a head to do business in Malaysia. Once you really understanding about Malaysia either business or invest in Malaysia, than I will guide and explain you face to face on what you already read. Furthermore maybe in some of the information are not up date you can give a call or there will be a email contact officer for you to contact. Please give me you contact where can I communicate… [cont.]
Answered by nor aini - Tue Jul 7 14:37:29 2009
Q. I am looking to venture into a business that is long term, tangible, and with a business model that is not too costly. As far as location goes, where would be the best city in Malaysia to operate the business? Will it be hard to apply and obtain a business license? What is the business tax rate? Is there a minimum wage to pay an employee in Malaysia?
Asked by hewgnew_342634 - Tue Jul 7 10:54:46 2009 - - 3 Answers - 0 Comments
A. First of all, can I know from which country you are? Beside that if you really interested to do business in Malaysia you are welcome. I'm looking for a partner to expend my business. Our company dealing with State Government in Malaysia. If you are really keen on doing the business in Malaysia here is some of the site you need to know before you go a head to do business in Malaysia. Once you really understanding about Malaysia either business or invest in Malaysia, than I will guide and explain you face to face on what you already read. Furthermore maybe in some of the information are not up date you can give a call or there will be a email contact officer for you to contact. Please give me you contact where can I communicate… [cont.]
Answered by nor aini - Tue Jul 7 14:37:29 2009
What business classes do you generally take the 3rd and 4th year of your BA?
Q. Im currently going to a 2 year school, getting my Business associates degree with a transfer option, and plan on going to a 4 year school to get my BA, and eventually my MBA. Im taking basic economics, accounting, and business managment classes right now, along with other core english and math classes, but what should i expect on my 3rd and 4th year? What types of classes? I know business classes obviously, but what specifically?
Asked by Mike - Tue Aug 26 22:04:19 2008 - - 2 Answers - 0 Comments
A. Business programs will have you take classes in all functional areas, including marketing, finance, HR, IT, etc. Additionally most school's will have you take some sort of strategic management course as your capstone class. Those are just the general business requirements. You will then take in-depth coursework within your concentration area. For example, if you are an accounting emphasis business major, you will take anywhere from 6-8 upper division accounting classes. Finally, there may be elective business coursework you are also required to do such as in international business, entrepreneurship, or such. You're also strongly advised to do an internship (credit awarded) in your area so you can build real experience.
Answered by iSpeakTheTruth - Tue Aug 26 22:56:04 2008
Q. Im currently going to a 2 year school, getting my Business associates degree with a transfer option, and plan on going to a 4 year school to get my BA, and eventually my MBA. Im taking basic economics, accounting, and business managment classes right now, along with other core english and math classes, but what should i expect on my 3rd and 4th year? What types of classes? I know business classes obviously, but what specifically?
Asked by Mike - Tue Aug 26 22:04:19 2008 - - 2 Answers - 0 Comments
A. Business programs will have you take classes in all functional areas, including marketing, finance, HR, IT, etc. Additionally most school's will have you take some sort of strategic management course as your capstone class. Those are just the general business requirements. You will then take in-depth coursework within your concentration area. For example, if you are an accounting emphasis business major, you will take anywhere from 6-8 upper division accounting classes. Finally, there may be elective business coursework you are also required to do such as in international business, entrepreneurship, or such. You're also strongly advised to do an internship (credit awarded) in your area so you can build real experience.
Answered by iSpeakTheTruth - Tue Aug 26 22:56:04 2008
Is a Business Statistics course the same as a Regular Statistics course?
Q. Hi. Is a business statistics course considered equivalent as a regular statistics course in college? In other words, if a student wants to earn a bachelor's degree in business and the school that he is enrolled in requires him to take a business statistics course, would he meet that requirement if he took a regular math statistics course and not a business statistics course? Have a nice day.
Asked by recalcitrant99 - Thu Nov 20 22:46:34 2008 - - 2 Answers - 0 Comments
A. Depending on the course, statistics (as offered by the math or statistics department) will be purely procedural. They will go into great detail about WHY you perform a procedure a certain way and, generally, will discuss theorums and formulas in detail, sometimes even proving them. There will be little or no practical application and no discussion of experimental methodolgy. On the other hand, in a business stats course the time not wasted on in-depth detail about statistical procedures will be spent on methodology and application. Although it will greatly depend on your college and department, some departments will waive a requirement if you have fulfilled a similar one. Usually, they will only make this exception with transferred… [cont.]
Answered by Henry B. - Fri Nov 21 16:16:28 2008
Q. Hi. Is a business statistics course considered equivalent as a regular statistics course in college? In other words, if a student wants to earn a bachelor's degree in business and the school that he is enrolled in requires him to take a business statistics course, would he meet that requirement if he took a regular math statistics course and not a business statistics course? Have a nice day.
Asked by recalcitrant99 - Thu Nov 20 22:46:34 2008 - - 2 Answers - 0 Comments
A. Depending on the course, statistics (as offered by the math or statistics department) will be purely procedural. They will go into great detail about WHY you perform a procedure a certain way and, generally, will discuss theorums and formulas in detail, sometimes even proving them. There will be little or no practical application and no discussion of experimental methodolgy. On the other hand, in a business stats course the time not wasted on in-depth detail about statistical procedures will be spent on methodology and application. Although it will greatly depend on your college and department, some departments will waive a requirement if you have fulfilled a similar one. Usually, they will only make this exception with transferred… [cont.]
Answered by Henry B. - Fri Nov 21 16:16:28 2008
What kind of business should I start in Bangladesh?
Q. I have US $ 1000. I would like to invest it in my country (Bangladesh). I want to invest in a production business or any other suitable business. I am ready to do this with partnership also. Is this money enough to start any business ? if yes then what kind of business. Pls help me.
Asked by Sajjad B - Mon Aug 20 01:29:03 2007 - - 2 Answers - 6 Comments
A. open up a internet cafe... good luck!
Answered by John Loves Jenn - Mon Aug 20 01:34:34 2007
Q. I have US $ 1000. I would like to invest it in my country (Bangladesh). I want to invest in a production business or any other suitable business. I am ready to do this with partnership also. Is this money enough to start any business ? if yes then what kind of business. Pls help me.
Asked by Sajjad B - Mon Aug 20 01:29:03 2007 - - 2 Answers - 6 Comments
A. open up a internet cafe... good luck!
Answered by John Loves Jenn - Mon Aug 20 01:34:34 2007
Could a business career be attainable with a philosophy or politics major and a business minor?
Q. I'm currently an undergrad at a liberal arts school. I'm planning on majoring in either politics or philosophy, and a minor in business. After i get my degree, would i be capable of getting hired or nonetheless get an interview with a firm or bank. Also, could a business internship help the situation?
Asked by Vinny the Chin - Thu Dec 10 17:45:15 2009 - - 1 Answers - 0 Comments
A. A business internship would definitely help. May I suggest majoring in business if that major is available, in which case you could minor in politics or philosophy. As you can take additional politics or philosophy courses as electives in addition to those required for a minor, you could still get a good education in one of those subjects. If a major in business is not available, I would suggest that you take as electives any additional available business courses which are not required for the minor. I would also suggest taking additional business courses during the summer at the most prestigious university possible during any summer in which you do not have an internship. Some of the most prestigious universities in the country,… [cont.]
Answered by ownpool - Thu Dec 10 18:10:50 2009
Q. I'm currently an undergrad at a liberal arts school. I'm planning on majoring in either politics or philosophy, and a minor in business. After i get my degree, would i be capable of getting hired or nonetheless get an interview with a firm or bank. Also, could a business internship help the situation?
Asked by Vinny the Chin - Thu Dec 10 17:45:15 2009 - - 1 Answers - 0 Comments
A. A business internship would definitely help. May I suggest majoring in business if that major is available, in which case you could minor in politics or philosophy. As you can take additional politics or philosophy courses as electives in addition to those required for a minor, you could still get a good education in one of those subjects. If a major in business is not available, I would suggest that you take as electives any additional available business courses which are not required for the minor. I would also suggest taking additional business courses during the summer at the most prestigious university possible during any summer in which you do not have an internship. Some of the most prestigious universities in the country,… [cont.]
Answered by ownpool - Thu Dec 10 18:10:50 2009
How can i start a business if i am not sure of my passions?
Q. I've done alot of research on starting a business. I am a college sophmore-havent picked a major yet but i'll probably go with business and photography. My interests are business, photography, web design, photoshop, traveling and languages (spanish and italian) When people say base your business ideas on you passions--mine are a little too complicated for starting a small business. Any Ideas? Thanks!
Asked by jade_pisces - Sat Jun 27 20:00:24 2009 - - 5 Answers - 0 Comments
A. I'm helping a friend with his expanding company and am looking for 2 or 3 people right now who are ambitious and teachable. Your background is impressive but I make no promises or offers. If your really interested in business ownership and would like to find out more contact me for an interview... Call toll free 1-866-676-8366
Answered by 100k - Mon Jun 29 13:36:17 2009
Q. I've done alot of research on starting a business. I am a college sophmore-havent picked a major yet but i'll probably go with business and photography. My interests are business, photography, web design, photoshop, traveling and languages (spanish and italian) When people say base your business ideas on you passions--mine are a little too complicated for starting a small business. Any Ideas? Thanks!
Asked by jade_pisces - Sat Jun 27 20:00:24 2009 - - 5 Answers - 0 Comments
A. I'm helping a friend with his expanding company and am looking for 2 or 3 people right now who are ambitious and teachable. Your background is impressive but I make no promises or offers. If your really interested in business ownership and would like to find out more contact me for an interview... Call toll free 1-866-676-8366
Answered by 100k - Mon Jun 29 13:36:17 2009
How important are business ethics to a company and their success?
Q. Discuss the ethical climate at a business that you are familiar with or one that you have researched. How have ethics affected this business? What does this business do to enforce ethical principles? What things could they do better? How can we as individual employees influence the application of ethics are our businesses? Give your thoughts and ideas on this subject.
Asked by Trying!! - Sun Jan 27 18:42:34 2008 - - 2 Answers - 0 Comments
A. business ethics are important but are difficult to enforce. I am a member of a professional organization with a defined ethics policy in it's bylaws. there are complaints of ethics violations against 3 members but no one wants to sit on an ethics committee for fear of incurring personal liability. It' a ridiculous situation mired in politics and fear of reprisals.
Answered by slackjawhb - Sun Jan 27 18:53:08 2008
Q. Discuss the ethical climate at a business that you are familiar with or one that you have researched. How have ethics affected this business? What does this business do to enforce ethical principles? What things could they do better? How can we as individual employees influence the application of ethics are our businesses? Give your thoughts and ideas on this subject.
Asked by Trying!! - Sun Jan 27 18:42:34 2008 - - 2 Answers - 0 Comments
A. business ethics are important but are difficult to enforce. I am a member of a professional organization with a defined ethics policy in it's bylaws. there are complaints of ethics violations against 3 members but no one wants to sit on an ethics committee for fear of incurring personal liability. It' a ridiculous situation mired in politics and fear of reprisals.
Answered by slackjawhb - Sun Jan 27 18:53:08 2008
What percentage of a business do you typically have to give to an investor funding a business idea?
Q. I'm going to be starting a business and I have a person that is willing to handle all of the development costs etc. Since it is an online business, the start up costs are pretty low for a business, under $10,000 definitely, probably under $5,000. In this type of situation, what portion of the company is given to the investor?
Asked by ShadowASL - Thu Apr 26 12:03:04 2007 - - 1 Answers - 0 Comments
A. In a TYPICAL venture deal (yours is not, of course, since it's so small), it would be pretty common to give seed round investors 20-30% of the equity. Another way to look at it is that private equity investors expect to get 15x-20x their investment if the company is very successful. If your company (assuming success) might have a market cap of $1MM, then 20x on a $5M investment would only be 10%. It's usually a negotiating process in any case.
Answered by SDD - Thu Apr 26 12:26:25 2007
Q. I'm going to be starting a business and I have a person that is willing to handle all of the development costs etc. Since it is an online business, the start up costs are pretty low for a business, under $10,000 definitely, probably under $5,000. In this type of situation, what portion of the company is given to the investor?
Asked by ShadowASL - Thu Apr 26 12:03:04 2007 - - 1 Answers - 0 Comments
A. In a TYPICAL venture deal (yours is not, of course, since it's so small), it would be pretty common to give seed round investors 20-30% of the equity. Another way to look at it is that private equity investors expect to get 15x-20x their investment if the company is very successful. If your company (assuming success) might have a market cap of $1MM, then 20x on a $5M investment would only be 10%. It's usually a negotiating process in any case.
Answered by SDD - Thu Apr 26 12:26:25 2007
Do you think a fee based business acquaintance service can be a profitable industry?
Q. Everyone has some business acquiantance that can help others to do successful business. How to let all of them know each other. Fee based business acquitantance service may do it. Big business service ? Profitbale business service ? Let me know. Great thanks.
Asked by energyquotenet - Mon Aug 14 04:13:03 2006 - - 4 Answers - 0 Comments
A. Yes -- it is called linkedin.com
Answered by Mr. PhD - Mon Aug 14 04:17:09 2006
Q. Everyone has some business acquiantance that can help others to do successful business. How to let all of them know each other. Fee based business acquitantance service may do it. Big business service ? Profitbale business service ? Let me know. Great thanks.
Asked by energyquotenet - Mon Aug 14 04:13:03 2006 - - 4 Answers - 0 Comments
A. Yes -- it is called linkedin.com
Answered by Mr. PhD - Mon Aug 14 04:17:09 2006
How big should a business be before the owner finally delegates responsibilities?
Q. I am in the family business and my mom is clearly strained... We are blessed to have business hand over fist even in this recession but that is not my problem, or question... My question is how can a small business owner learn to lay back enjoy the fruits of their labor??? I mean she has owned this insurance agency for 30 yrs. and has nursed it from ONE policy to what it is today? But her health is declining as she is still trying to take payments, pictures of homes, etc. on what should be considered now at least a "mid sized" business?
Asked by Sociopath - Mon Jun 8 14:42:42 2009 - - 2 Answers - 0 Comments
A. It sounds like you are at that point. If it feels like too much, it probably is and if you are in the black, you can definitely outsource now. If you are concerned about handling the legal aspects, book keeping, etc. of a new hire, you can go through a temp. agency first. That way, you pay the agency and they handle payroll, etc. for their employee. The agency can coach you through it. You can always keep the person on, too, if it works out.
Answered by m h - Mon Jun 8 14:59:29 2009
Q. I am in the family business and my mom is clearly strained... We are blessed to have business hand over fist even in this recession but that is not my problem, or question... My question is how can a small business owner learn to lay back enjoy the fruits of their labor??? I mean she has owned this insurance agency for 30 yrs. and has nursed it from ONE policy to what it is today? But her health is declining as she is still trying to take payments, pictures of homes, etc. on what should be considered now at least a "mid sized" business?
Asked by Sociopath - Mon Jun 8 14:42:42 2009 - - 2 Answers - 0 Comments
A. It sounds like you are at that point. If it feels like too much, it probably is and if you are in the black, you can definitely outsource now. If you are concerned about handling the legal aspects, book keeping, etc. of a new hire, you can go through a temp. agency first. That way, you pay the agency and they handle payroll, etc. for their employee. The agency can coach you through it. You can always keep the person on, too, if it works out.
Answered by m h - Mon Jun 8 14:59:29 2009
If I start a business where do I get the merchandise- if I wanted to start selling digital cameras?
Q. I have taken some business courses but I don't really know where to go to get the merchandise, the type of business I wanted to start was a business selling digital cameras and equipment. Would I just have to contact the manufacture directly? Can anyone help me and give me suggestion on starting a retail business? Thank you .
Asked by Dawn - Wed Apr 22 21:15:52 2009 - - 3 Answers - 0 Comments
A. Digital camera market is very competitive, and unless you have a "good head on your shoulders", I would suggest you stay away. On the other hand, if you want to give it a shot, why not. You would first need to find someone to supply you with the cameras (a reliable wholesaler). Start small from there, and do not make any huge investments. Try it out for a while. If it goes well, you can start expanding.
Answered by 17 Year Old Blogger - Sat Apr 25 16:53:30 2009
Q. I have taken some business courses but I don't really know where to go to get the merchandise, the type of business I wanted to start was a business selling digital cameras and equipment. Would I just have to contact the manufacture directly? Can anyone help me and give me suggestion on starting a retail business? Thank you .
Asked by Dawn - Wed Apr 22 21:15:52 2009 - - 3 Answers - 0 Comments
A. Digital camera market is very competitive, and unless you have a "good head on your shoulders", I would suggest you stay away. On the other hand, if you want to give it a shot, why not. You would first need to find someone to supply you with the cameras (a reliable wholesaler). Start small from there, and do not make any huge investments. Try it out for a while. If it goes well, you can start expanding.
Answered by 17 Year Old Blogger - Sat Apr 25 16:53:30 2009
Over 60% of small businesses fail due to a lack of planning and execution of a business plan.?
Q. Over 60% of small businesses fail due to a lack of planning and execution of a business plan. When businesses are so small it is rare to have an HR manager, because of that training and follow-up is non-existent. Who would be accountable and how could management implement a training routine to make it beneficial and cost effective?
Asked by babydollof4kids - Sat Sep 29 11:11:36 2007 - - 3 Answers - 2 Comments
A. If you're only really asking about training, then it would depend on the size of the business. If there's only about 1 - 10 people, then it would usually be the duty of the owner to train new staff, as he or she would be the person with the most interest in ensuring that everyone knows what they are doing. If you go into 10 - 30 or so staff, you'd probably have an operational or production manager who should take care of training. Most businesses don't fail because of inadequate training though. As you pointed out, it's more about lack of planning. I ran my own small businesses for a few years, and I made sure to only hire people that didn't need any training! Is your concern that businesses fail because of no proper training programs?
Answered by Jger - Sat Sep 29 11:32:40 2007
Q. Over 60% of small businesses fail due to a lack of planning and execution of a business plan. When businesses are so small it is rare to have an HR manager, because of that training and follow-up is non-existent. Who would be accountable and how could management implement a training routine to make it beneficial and cost effective?
Asked by babydollof4kids - Sat Sep 29 11:11:36 2007 - - 3 Answers - 2 Comments
A. If you're only really asking about training, then it would depend on the size of the business. If there's only about 1 - 10 people, then it would usually be the duty of the owner to train new staff, as he or she would be the person with the most interest in ensuring that everyone knows what they are doing. If you go into 10 - 30 or so staff, you'd probably have an operational or production manager who should take care of training. Most businesses don't fail because of inadequate training though. As you pointed out, it's more about lack of planning. I ran my own small businesses for a few years, and I made sure to only hire people that didn't need any training! Is your concern that businesses fail because of no proper training programs?
Answered by Jger - Sat Sep 29 11:32:40 2007
Ending a home based business - what are the tax implications?
Q. I've been writing off my home based business for the last few years. If I stop using that portion of my home solely for my business, how do I indicate that on my taxes? Additionally, does anyone know of any resources that indicate what the implications are of stopping a home based business write-off? I see lots of information on how/what to write-off for a home based business, but can't seem to find anything on what to do when that ends.
Asked by Eric M - Fri Mar 21 00:33:34 2008 - - 3 Answers - 0 Comments
A. You don't show on your tax that you ended the business, but keep track of the depreciation allowed or allowable while you were claiming the home office deduction - you'll need that number when you sell the house.
Answered by Judy - Fri Mar 21 00:45:27 2008
Q. I've been writing off my home based business for the last few years. If I stop using that portion of my home solely for my business, how do I indicate that on my taxes? Additionally, does anyone know of any resources that indicate what the implications are of stopping a home based business write-off? I see lots of information on how/what to write-off for a home based business, but can't seem to find anything on what to do when that ends.
Asked by Eric M - Fri Mar 21 00:33:34 2008 - - 3 Answers - 0 Comments
A. You don't show on your tax that you ended the business, but keep track of the depreciation allowed or allowable while you were claiming the home office deduction - you'll need that number when you sell the house.
Answered by Judy - Fri Mar 21 00:45:27 2008
What kind of business can I start in a warehouse building?
Q. My husband has a machine shop and only uses about 1/2 his building. I would like to start a business in the other half. I wanted to partition off a room for an office and do bookkeeping and then I was thinking about maybe a document shredding business or a document storage business would be good - any other ideas? Thanks! The zoning would not be a problem. This building is located in the center of town off a main street through town. I currently work for an accounting firm and you would not believe the paper we go through - we use a shredding service and have a storage building. Doctors offices and lawyers also have a lot of documents that cannot be thrown in the garbage because of the information they contain. Thanks for the input -… [cont.]
Asked by nomnkybusiness - Fri Jun 1 18:46:05 2007 - - 3 Answers - 0 Comments
A. Any kind of storage would be a natural, and easy. Or how about a combination coffee shop and tool supply?
Answered by Michael B - Fri Jun 1 19:29:54 2007
Q. My husband has a machine shop and only uses about 1/2 his building. I would like to start a business in the other half. I wanted to partition off a room for an office and do bookkeeping and then I was thinking about maybe a document shredding business or a document storage business would be good - any other ideas? Thanks! The zoning would not be a problem. This building is located in the center of town off a main street through town. I currently work for an accounting firm and you would not believe the paper we go through - we use a shredding service and have a storage building. Doctors offices and lawyers also have a lot of documents that cannot be thrown in the garbage because of the information they contain. Thanks for the input -… [cont.]
Asked by nomnkybusiness - Fri Jun 1 18:46:05 2007 - - 3 Answers - 0 Comments
A. Any kind of storage would be a natural, and easy. Or how about a combination coffee shop and tool supply?
Answered by Michael B - Fri Jun 1 19:29:54 2007
I want to start a business. But what kind of business i should go on with?
Q. I am 21 years old. I have a ambition of starting my own business. To take a first step into business world, i would like to start something small. But, i am looking for more ideas so that i can choose best out of it. So, i just need your help. Do you have any idea on what business i should go on with?
Asked by thoufic r - Fri Nov 9 08:34:58 2007 - - 7 Answers - 0 Comments
A. check out It list different business ideas with links to guides on how to start them
Answered by Danah R - Sun Nov 11 00:42:42 2007
Q. I am 21 years old. I have a ambition of starting my own business. To take a first step into business world, i would like to start something small. But, i am looking for more ideas so that i can choose best out of it. So, i just need your help. Do you have any idea on what business i should go on with?
Asked by thoufic r - Fri Nov 9 08:34:58 2007 - - 7 Answers - 0 Comments
A. check out It list different business ideas with links to guides on how to start them
Answered by Danah R - Sun Nov 11 00:42:42 2007
When purchasing a business, do you acquire the past business debt as well?
Q. I am planning on purchasing a limousine business and I know that the business has debt. Will I be acquiring the debt as well or is this is something that the current owners will have to deal with before or after selling to me?
Asked by Bon-bon - Wed Oct 15 18:28:30 2008 - - 3 Answers - 0 Comments
A. Yes, of course you will be. That is part of the value of the business. Carrying debt can actually have a positive effect as it works as a tax shield (depending on the debt). Also if you are a new business an incapable of getting loans, acquiring existing debt can be a good thing, however, the debtors may have covenants saying that the debt needs to be repaid in the even of a change of ownership. I think you need to seriously look at how you have valued the company. If you have valued it properly, then the debt is already considered. If you haven't even valued it, you are likely heading into a world of hurt. You need access to their financial statements and to value the future sales projections. This can be very complex, and it is… [cont.]
Answered by CB-in-Tokyo - Thu Oct 16 09:03:04 2008
Q. I am planning on purchasing a limousine business and I know that the business has debt. Will I be acquiring the debt as well or is this is something that the current owners will have to deal with before or after selling to me?
Asked by Bon-bon - Wed Oct 15 18:28:30 2008 - - 3 Answers - 0 Comments
A. Yes, of course you will be. That is part of the value of the business. Carrying debt can actually have a positive effect as it works as a tax shield (depending on the debt). Also if you are a new business an incapable of getting loans, acquiring existing debt can be a good thing, however, the debtors may have covenants saying that the debt needs to be repaid in the even of a change of ownership. I think you need to seriously look at how you have valued the company. If you have valued it properly, then the debt is already considered. If you haven't even valued it, you are likely heading into a world of hurt. You need access to their financial statements and to value the future sales projections. This can be very complex, and it is… [cont.]
Answered by CB-in-Tokyo - Thu Oct 16 09:03:04 2008
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