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Starting a buisness

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Money Talk > Earning & Income

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gussie
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Make sure that you know the government laws and licensing procedure for the product/service you are selling. It takes fair amount of time to get through this. You have to plan this very well and well ahead of other things for your company.Along the lines of staying focused, do not go out and buy a bunch of stuff that will just distract you. Same goes for office space. Until you know your specifics and have a focused timeline limit the distractions.
Post Mon Aug 08, 2011 5:41 am
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smithsjoys
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A great way to develop an e-business, perfect for sale on eBay, and essentially harmless. I would suggest checking for the selected item on eBay first to see what is the competition like. Selling on eBay is highly competitive, many people now importing goods from the far East and is able to sell their items for very Cheap
Post Mon Aug 29, 2011 7:58 pm
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beldonboras
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quote:
Originally posted by martin12
Hello Friends..........

To start a business

1.Write a business plan :A business plan is essential because it allows you to experiment with the strategy for your business on paper, before you start playing for keeps.

2.Determine how you'll make a profit :Profit is, after all, the ultimate goal of any successful small business. You should examine your business' expenses (rent, materials, employee compensation, etc.) and then figure out how much you will need to sell to cover those costs and start generating a profit.

3.Start with as much of your own money as possible:Many small business owners cover their start up cost entirely through loans, with the expectation that they will begin paying back the loans with the profits from their new business. New businesses can take months or years to generate a profit, however, and loan payments can really become a millstone around the neck of a fledgling operation.

4.Protect yourself:Most small businesses are sole proprietorships or partnerships. While these types of businesses are nice and easy to form, they also expose their owners to liability for business debts and judgments. Creditors and judgment holders can come after the owners' personal assets, like savings accounts and homes, once the business' money is depleted.

Thanks


Very Nice...Highly Appreciated Posts among others
Post Wed Mar 28, 2012 10:02 am
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Stuart Mackenzie
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Accounting Software  Reply with quote  

I do not know whether you have chosen any software yet but it could be worthwhile checking out Accountz.

Whilst this is the program developed in the UK I suspect but do not know that it would be equally at home handling dollar transactions. They have recently introduced an "Eazy Screen" which as the name suggests makes it really easy to handle a transaction of whatever sort. I hope this helps. Smile
Post Wed May 09, 2012 1:33 pm
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JohnRussel07
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Business plan is more essential to start the new business. Because it allows you to experiment with the strategy for your business. And the website is more important for one company. Customers get some best ideas through the website. So we have create the website with best.
Post Tue Sep 18, 2012 4:38 am
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rvalmeeki
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If you want to start a business, I prefer Affiliate Marketing to make money.Its the best way...

Marketing Specialist, Money Saver
Job Search Cisco
Post Wed Jan 09, 2019 1:44 pm
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Darwin2018
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It is a very good idea to start your online business. You can buy cheap and popular Chinese goods and sell them in your online store. As an example, you can sell such cases. http://ali.pub/30pq5j They are really cool and very popular. Good luck) Laughing
Post Wed Jan 09, 2019 5:43 pm
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