Hot Business Tips

wooohoo12 asked:


I would like to start a business and am in need of some ideas for writing my business plan, then I will be looking for investors? I seen a business in Chesterfield, MO and it was called Petropolis. It was a “hotel” for small animals, cats and dogs mostly. I would like to open something similar to this. Also, what are some good ways of finding out if this would go over well in the area I am looking into? Can you send out a survey to the area asking specific questions? Any suggestions would be greatly appreciated!

Seniorita234 asked:


I am a single mom to a seven month old. I have been staying home with him but now find that I need to start generating my own money.

I have a degree in Graphic Design just acquired in February last year and am a mural artist as well. I have been toying with the idea of starting a design business and/or mural painting business. I don’t have any money to really do any kind of major startup, besides registering the business, but these seem like ideas that wouldn’t take any major investment.

I have a website for my portfolio which needs some polish, but it’s a start. I still am not sure if I should do the graphic design, mural painting, both, maybe just create a website to maintain that I can somehow get traffic to. I don’t know what would be most lucrative and most efficient in time managment. Any suggestions on how to decide, or getting started are appreciated.

Bachelor boy asked:


1) Assume they have a family business already running and they start another.
2) Assume they do not have family business and are new to doing business and may or may not have guidance.
3) Assume they worked in management positions and non management positions in any company.
4) Assume that they may or may not have studied business management.

AC/DC asked:


Hi,

I want to start a online business for advertising ads on it and some people said to me that the only legal procedure I need to take is to create a PayPal Business Account? If so, is it true? Where can I enroll that Business Account stuff and is it expensive?

Thanks for your help.
I live in Alberta, Canada, btw.

Matt asked:


I am about to start a new business entity (probably an LLC), but I have already been earning income (intended for this business) under my name and personal bank account, since the LLC has not been formed yet and I do not have a business bank acount yet.

I will probably be filing IRS Form 8832 so that the LLC is taxed like a corporation, and can seperate my personal income tax from my business income tax.

Can I transfer income related to the business that i personally received before starting the LLC into the LLC so that the business would be taxed on it, and it would not be applicable towards my personal tax? How would this be done?

The income was received within the 2006 tax year, so I’m assuming i may need to start the LLC within 2006 as well?

Chuck M asked:


I have two businesses that are working well.

I would like to start a third business that is in competition with some clients from both of those businesses. I would like to be able to create this corporation with very arm’s length links (I don’t want anyone to be able to “lookup” the owners). I need to be able to open a bank account, receive cheques, etc…

I want it to be completly legal, my worry is that if a client finds out, both businesses are shot. So lots riding on it. Any suggestions?

raymond m asked:


I am trying to consolidate my bills and get my credit clear so I can start a business.I have very,very bad credit and I am tryiing to start a business. How would I get a credit card for my business with extremly bad credit. And who will except me?

debdozier asked:


I am doing research for an entrepreneurship class. I need to identify ideas and trends to start a successful business now and for the next few years. Any ideas or resources, statistics?

Jack asked:


I’m thinking about turning my online selling into a business, and I’m trying to get a feel for the tax-related pros and cons of making it official.

Here are 2 questions:
(1) I understand that I can write off business expenses on my tax returns. That includes computer equipment, trips overseas to purchase merchandise, etc. But I’ve never itemized my tax return before. Would I get more money back if I start a business, and then itemize my deductions rather than just taking the default deduction like I always do?

(2) If I make my online selling into an official business, will I have to pay extra business-related taxes?

Chris M asked:


I want to start a business by putting candy machines in different businesses. I was just wondering do I need some kind of business license to do this. Also if it’s any help I want to do this in Texas.