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

    If you have to take exactly one sentence out of context in a long article that explains the responsibilities that come with maintaining the corporate veil to prove your point... well, you don't have...
  2. "This protection is not guaranteed however." From...

    I'm thinking you got bad advice from your attorney... or -- more likely -- you misunderstood him telling you that those credit agreements that you might have to personally guarantee are not covered...
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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...

    Only if you operate your business as your personal piggy bank. If you run it as an entity separate from your personal life, it's much harder to screw this up.

    No. That is not what I was referring...
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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,...

    Business Plan: Having a detailed business plan is very important. Business planning will give you a better chance in getting a business loan or investment. It helps you have a clear understanding of...
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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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    7,176

    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
    13
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    25,031

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

    When I say BS, I mean that they are numbers that you pretty much make up based on goals that you want to reach. Some business plans include details on how they plan to reach those goals, but it's...
  17. Thread: nail salon

    by BIZDEV
    Replies
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    25,031

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

    The best you can do is look at all of the variables, patterns, and local demographic and business info and come up with probabilities, and a plan on how to meet projections ( advertising. marketing....
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    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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    25,031

    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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