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  1. I read the entire article and it didn't cover the...

    I read the entire article and it didn't cover the topic I was referring to. But it did say, as I say, the LLC is not a guaranteed protection of your personal assets as most believe. And if I didn't...
  2. "This protection is not guaranteed however." From...

    "This protection is not guaranteed however." From the first link. My attorney specializes in small business startups. He knows what he's talking about. I've seen and heard the same advice about...
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    You really can't use another company's data to...

    You really can't use another company's data to determine what your sales and profits might be. That would have no bearing on your business. I understand you want to use comparables to try to figure...
  4. No. That is not what I was referring to at all. I...

    No. That is not what I was referring to at all. I owned a franchise and have owned other businesses. On my first attorney visit before buying the franchise it was explained to me that "piercing the...
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    You're 15 yrs old and have been studying business...

    You're 15 yrs old and have been studying business administration and management for six years? How's that?
    You need to consider that potential investors want to hear cold hard facts. Not spins or...
  6. It sounds like you're not sure if you are going...

    It sounds like you're not sure if you are going to go the LLC route or not. I would ask you why you think you need the LLC designation? Most people do this because they believe the LLC protects their...
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    Sticky: While overall a good video with basic...

    While overall a good video with basic explanations, I was disappointed to see very little detail on LLC's. Most entrepreneurs seem to jump on that bandwagon because of the common belief that your...
  8. Your question is ridiculously broad. Business...

    Your question is ridiculously broad. Business ideas are literally endless. We don't know what your skills are. What is your work history (what have you done)? What are your passions and hobbies? Are...
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    All excellent points. As for the business plan,...

    All excellent points. As for the business plan, it's a requirement for loans and a good idea to present to family/friends if requesting loans from them. They will be more apt to take you seriously if...
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    Ooh, great question. I recently asked several...

    Ooh, great question. I recently asked several business owners to reply to this question, "What I wish I'd known before starting my business." Business Owners Share Their Startup Tips | Business Plan...
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    I would highly recommend my site (link below)...

    I would highly recommend my site (link below) BusinessPlanMentor.com. I offer a free business plan writing tutorial, but I also offer an extensive section of startup info. Pretty much anything you...
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    I was going to suggest Square or PayPal. Both...

    I was going to suggest Square or PayPal. Both offer the smart phone swipe option. I was terrified of PayPal for the exact same reasons you are afraid of Square. But I have never had a single problem...
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    Do speak with an attorney. Most business owners...

    Do speak with an attorney. Most business owners opt for an LLC because they are under the false impression that an LLC will protect their personal assets. This is not entirely true. It is very easy...
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    People enjoy learning online. Have you considered...

    People enjoy learning online. Have you considered starting a website or blog to offer your bookkeeping tutorial? Check out my site below where I offer a business plan writing tutorial.
  15. Thread: Head Spinning

    by BIZDEV
    Replies
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    2,446

    Costco and probably Sam's club offer this service...

    Costco and probably Sam's club offer this service for reasonable costs. Do not use a bank. They over charge as you have discovered. When I owned a retail store I used Costco's merchant services. You...
  16. Thread: nail salon

    by BIZDEV
    Replies
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    18,602

    If a business plan's numbers weren't based on...

    If a business plan's numbers weren't based on anything definite no bank would ever issue a loan. Of course the numbers are "definite". You should have definite numbers for rent cost, inventory cost,...
  17. Thread: nail salon

    by BIZDEV
    Replies
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    18,602

    Well you just described a classic business plan....

    Well you just described a classic business plan. Call it BS if you want, but try walking into a bank to ask for a loan with anything other than a formal, traditional business plan. You won't get very...
  18. You don't have to start a franchise. Setting...

    You don't have to start a franchise. Setting yourself up as a franchise is extremely costly and time consuming. Especially for a foreign entity. Try to offer your business as a business opportunity...
  19. Thread: nail salon

    by BIZDEV
    Replies
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    18,602

    To me even more important than the break even...

    To me even more important than the break even analysis from the business plan is the monthly cash flow statement. That will tell you everything at a glance (detailed expenses inc rent, payroll,...
  20. The very reason I started my site (below) was...

    The very reason I started my site (below) was because most "startup" resources didn't really start at the beginning (as you have discovered). I wanted to fill in the blanks and really be helpful. So...
  21. I was about to reply similarly to what Sjfine...

    I was about to reply similarly to what Sjfine commented.

    If your long term goal is to OWN a temp agency you need to learn sales and marketing. Having an HR background would be helpful, but as a...
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    If you're not even sure what to charge, maybe you...

    If you're not even sure what to charge, maybe you should first work for a cleaning company to learn the ins and outs. Find a mentor willing to show you the ropes. Or at the very least call other...
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    Important: Franchise Info from a Franchisee

    As a former franchisee (retail) I have written a very comprehensive article (epic actually) detailing just about everything you've ever wondered about franchises. I am NOT selling anything. This is...
  24. if you are making $2,000 a month you need to...

    if you are making $2,000 a month you need to start treating your little side business as a real business now. You are self employed in the eyes of the IRS. You need to register a business name (very...
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    You're not looking for pointers. You're looking...

    You're not looking for pointers. You're looking to advertise. And you just did.
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