You have a great business idea, and you know you can earn a tidy profit once it gets up and running. But here's the dilemma: to start a business you need capital, and the only way you can get capital is from…the business. The solution is to get the business off the ground, through partners or suppliers who are willing to trust and invest in your idea before the cash comes … [Read more...] about How to Start a Business with No Capital
Business
How to make my company more profitable
Starting a new business requires a lot of hard work. You need to do so many things just to bring your business off the ground. But the feeling of accomplishment after you've successfully established your business is indescribable. All of that hard work has finally paid off. But the work doesn't stop there. Now that your company is operating and bringing you business, the next … [Read more...] about How to make my company more profitable
Can Friends Make Good Business Partners? 7 Ways to Make it Work
It starts with a good idea. Tired of venting about not having enough money, friends decide: 'Let's start a business!' Then the trouble starts. The dynamics of the relationship change, and the complaints emerge. 'She's too bossy!' or 'He's not working hard enough. The blame and fingerpointing starts, and the friendship and the business deteriorate. Despite these horror … [Read more...] about Can Friends Make Good Business Partners? 7 Ways to Make it Work
How to Use the 80/20 Rule to Work Less but Accomplish More
Many people think that being successful is about working harder. Actually that's not true. The secret is to work smarter. Think about it this way. If you look at your sales, the majority of your sales probably come from a few clients (or a few sales staff). On the other hand, there are also a few people or clients that cause the majority of your problems! This is the … [Read more...] about How to Use the 80/20 Rule to Work Less but Accomplish More
3 Types of Business Structures
You've found a great business idea and, after studying the market and your competition, you've developed what you know will be a popular and profitable product or service. The next and very important step is to create your 'legal personality.' This is your business structure and how you will register it at the proper government agency—the company equivalent of a 'birth … [Read more...] about 3 Types of Business Structures