My cost of sales and marketing is running about 29 percent annually. I believe this is very high. We are an IT services firm and our sales consultants earn a big salary and a healthy commission. Someone selling $1.8 million would see $220,000 at plan. What should these percentages be and how can I lower the percentage of COS?
I'm starting a new business and need to account for bad debt in my business plan. I was hoping for a ballpark estimate for a small business based on gross revenue or something similar. At this stage, I have no clue how much to budget in the bad debt line item.
I have an idea I can picture in my head for a baby/toddler product that parents could use when shopping. I'm unsure where to begin with this idea. I'm also afraid that if I give out the specs, someone else will steal it. Can you help me get started?
I have a website, www.hiscrossmaker.com. I make crosses, and I've been approched by some companies to make several thousand each month! I'm only able to make 100 a week, and I need to make many more. But I want to be cautious as to whom I might talk with!
My product is called The Laser Rack. It incorporates laser technology into a billiard rack to allow for visible confirmation that the rack is perfectly aligned. I have received a lot of positive feedback from pros as well as amateurs. My dilemma is setting the price.
I source and sell organic ingredients by locating suitable suppliers and facilitating purchases. I am accepting financial help from someone with extensive experience in the organic industry, who also provides advice, leads, etc. from time to time. He changes the terms of our original agreement on a regular basis. Most recently, he requested one-third to one-half of the profits I earn, although we orginally agreed on 1 percent. I would like to make an educated counteroffer and need direction.
Do companies such as Belkin, which produces accessories such as protector sleeves for Apple iPods, need permission from Apple, since the sleeves ONLY fit iPods? And does such a company need permission to market the product as an iPod accessory, as long as it acknowledges that it's not an official Apple product?
Is it wise and legal to buy a small new business by rolling over money from an existng IRA account into a newly established 401(k) sponsored by my new business? The new 401(k) would buy stock in my new business (a C-Corp--or should it be an S?) and that would fund my business.
I put in for vacation pay about two weeks ago. My store manager doesn't believe that I am going on vacation and is asking for my bill for the hotel. Is it legal to ask someone for information like that?
My cleaning business will offer residential maid service, but I will only be available part-time for the evenings and weekends to start. Can you offer advice on who would be my mostly likely target population?
I am a real estate investor who needs to delegate some of the daily operations of the business. Some of the jobs include administrative assistant and marketing assistant. I have tried local colleges but they lose interest when I explain what I need done and that taxes are their responsiblity. The pay scale is based on productivity. I thought about participating in a job fair at a local college.