Iâ€™ve been doing a lot of research lately about franchises and I'm assessing the financial state I should be in to buy a franchise. How much of my personal funds should I use to start a franchise? Should the majority come from loans or investors? How much money should I put aside after buying the franchise?
I'm building a startup and because I have no experience other than a great idea, I enlisted the help of a mentor. Since then, I've been working with him and paying him by the hour. Now that I'm getting ready to hire a team, the mentor offered to come on board as the CEO and wants a certain percent of the company. Until I raise enough money, he said he'd work on a part-time basis at a reduced rate. What ownership percentage is normal to offer? I really need his help, but should I find someone else to be CEO?
I am working on a deal with the largest distributor in the world of sporting goods to sell a product I've come up with. This company has already offered a payoff of my patent with a 3 percent royalty. However, my business plan isn't finished and I need more money. I know this is a really good problem for me and my company, but I'm wondering: Should I seek an investor? What's the best way, and why?
When looking at options for a franchise to buy, is the cost of the franchise and whatâ€™s included in the franchise fee usually flexible? Can I negotiate these? If so, what should I keep in mind? If not, what factors are negotiable?
I am developing a mobile advertising service -- a coupon iPhone app -- for brick-and-mortar stores in Australia. My direct customers are businesses such as cafes, retail stores and gyms, among others. How do I reach decision-makers in industries such as hospitality or retail considering they're often away or busy?
I am having a sample sale of new items outside my home -- similar to a garage sale. The only way for me to get the info out is to put out flyers, but I am concerned since these are new products that I will get in trouble without a permit or license. This will not be a regular thing, it is not my main source of income. I only plan on doing it once or twice, until I sell all the products. Will I get in trouble without a permit? Are there other legal issues I should consider moving forward?
I co-invented a line of products with a friend. We own 100 percent of the company, in equal parts, so I own 50 percent. I need to leave the company due to personal reasons and my partner needs to bring on another partner. My business partner believes I need to give up 40 percent of my share of the company in order to bring on another partner. Is this standard practice? Is 10 percent too low for a co-inventor?
I'm a business owner of a small hotel. After eight years of running it successfully, I want to sell 40 percent shares. How do I value the shares to determine a price that must be paid? Or, is there another avenue you'd suggest?
I patented an advertising medium that's used as a promotional product. How can I reach out to airlines, big companies launching new products, health care providers, insurance companies and others about it? Do these companies have agencies promoting their products and services?
I am a freelance graphic designer but I also design wedding invitations and make them. I do it all from my home and have no other source of income. What type of business license do I need? Are there other legal considerations I need to explore?
I want to build a prototype of my idea, which would resemble an Apple iPod or Microsoft Zune. I'd like to speak with a manufacturer about my idea and have them create a prototype in my vision. How can I find the right manufacturer? What do I need to keep in mind?
I want to start an information consultancy firm in a relatively new market -- meaning I have not seen any other business like this for the advertising industry. Given this, how can I determine how much money I should charge clients to look for information for them? Obviously I don't want to over-charge them but I also don't want to under-pay myself. Any advice?
I would like to create a Pennsylvania-based personal training business where I would come to the client's home to train him or her. I have a nationally-accredited personal trainer certification as well as liability insurance. What other legal steps do I need to take before starting up? Do I need any specific license or pay certain taxes?