Hot Business Tips

Ryder asked:


Let’s say two people start a t-shirt business… one of the people doing the business is an artist who does the designs for the company, such as designs for the shirts. When these shirts get sold ($40 for a shirt for example), and the t-shirt is paid for, how is the money split among the two who is running the business?

Matt Space asked:


Basically what kind of report/document would you create to show potential customers/investors/dealers when starting a new business and What would it generally contain?

craftygirl asked:


Last year we sent out candy jars with our logo on them and filled with peppermint candy. I really do not want to stay with the same theme but I am stumped for another low cost gift idea for our business customers. Any ideas?

detailjay asked:


I own a small business and I keep getting relocated within the U.S. Because of this I have to change my business phone number and I am sure I am losing sales not to mention ticking off my current clients with an ever changing phone number. Can someone give me some advice as to how I should set up my business number so I don’t have to change it all the time preferably without an 800 number? Thank you for your time in advance!

parkingaccess asked:


I run a business that is geographically restricted, meaning, I can only provide service, without suffering profit, to locations that are 1 1/2 hour in driving distance. I want to expand my business model to other parts of the country. What is the best way to do this to insure the same quality that I personally provide while providing my business with a good revenue stream.

curious asked:


In the process of opening a new business. How do business loans work – I know I need a business plan etc before I can apply for a loan, but what’s some other info? What’s the interest rate range, what’s the range of how many yrs u can have the loan, range of amnt they can loan, will they include the first yrs lease amnt in the loan if needed…etc, etc?
We have good credit.

marc p asked:


I am purchasing a small business that has been in existence for 1 and a half years. I am using an SBA loan for the purchase.

Referring to the future, how do they determine what my business line of credit will be? My companies net profits are 160k. (After debt payment it is around 110k). Formulas are welcome!

rhodeslittlemiracle asked:


I am an experienced carer for the elderly and am organised and experiened in office procedures. I have been thinking for a number of years of starting my own business and would like to start a business providing caring support to the elderly or anyone needing home care support as I think it is a worthwhile business and from what I have seen a money making business! I would like to hear from anyone who has advice or experiences to share with me.

rothchristian asked:


I am looking into setting up a home based Business as a part time thing. I have a day job and I would like to do this music endeavor on the side. I want this to be legitimate but I know I will be making very little money and writing off a lot in tax deductions. Does anyone have experience in with this type of scenario? Is there a reasonable expectation that IRS has around how much revenue needs to come in for how much you are writing off? I don’t want the Business to appear fraudulent although I have more to gain from a tax deduction basis.

limster asked:


A friend of mine needs a job. He has been a business owner all his life, but due to the economy being so bad, he sold his business. Now he wants to work for someone, but doesn’t know how to write a resume as a business owner. Is it the same as writing a resume if you worked for a companies?
Would it be negative for the employer to know that you owned a business (for many years)? Would they think he is over-qualified?