Ask Entrepreneur - Grow Your Business

Growth Strategies

How do I start a creative outsourcing company in Chicago?

My target is small and medium enterprises that don't have independent marketing/advertising agencies. I would upload client requirements to my creative expert team in India, and they would e-mail the completed artwork back to me. I would like to know whether you think this has scope and would be successful.
Brad Sugars
Franchises

How do I buy out my employer's new, failing business?

I'm currently in school for skin care, scheduled to graduate in September 2008. However, my current employer owns a spa that isn't doing very well because of poor marketing and business ethics. I feel that with my marketing and business administration background, I can make this spa a success. I'm the last employee left, after only a month since the spa opened. How do I go about taking over this business?
Nina Kaufman
Starting a Business

How do I resign from a corporation based in Texas?

I want to remove myself from an existing corporation that my partner wants to keep running. I want to have nothing else to do with it, and I want it to have nothing else to do with me in any legal, liability or financial sense.
Nina Kaufman
Starting a Business

I am about to start a restaurant with my partner, and he will run the day-to-day operations.

I am about to start a restaurant with my partner, and he will run the day-to-day operations. I will be responsible for the accounting. How should our salaries be determined? Industry average for both? Or should I sacrifice my pay until we're profitable since he is running the restaurant?
Nina Kaufman
Finance

Should I care about how my soon-to-be business partner comes up with the money to invest?

My business partner is thinking of taking on a low-interest-rate (till the balance is paid off) credit card loan to fund our startup. Should I be concerned?
Nina Kaufman
Finance

I'm purchasing an existing convenience store. How do I finance this purchase? I need about $50,000.

I'm currently employed. Combined income for my wife and me is about $200,000 per year. Combined, our 401K accounts total approximately $250,000. The convenience store is housed in a Miami residential building of approximately 300 apartments, 90 percent of them occupied. I recently formed a corporation to purchase this business.
Rosalind Resnick
Marketing

How would you define marketing?

I am doing a project for school and one of the reqirements is to develop my own definition of marketing based on five to six different definitions from different sources. How you would define the word "marketing"?
Kim T. Gordon
Finance

Is it taxable income if a company reimburses an employee for health insurance premiums?

The employee has his own health insurance and pays the premiums. The company reimburses the employee for the premiums. Is this taxable income, and does it need to be included on the Employee's W-2?
Penny Morey
Marketing

How do I go about achieving local news coverage for my company?

I own and operate a seasonal lighting company that decorates people's homes at Christmas time. I believe that publicity from the local TV stations or newspapers could help my business boom this season! However, I can't figure out how they would find me. Should I contact them or hope they stumble upon my business?
Pattie Simone
Marketing

Can a 501C corporation advertise in public places and newsprint to attract new members?

We are a golf/country club with 501C status. We feel we can attract members if we advertise our club in local newspapers. Is this legal?
Pattie Simone
Marketing

What other ways can I advertise my business on a nonexistent budget?

I have been advertising by: word of mouth, by free directories online, via e-mail signature that links to my website, through Myspace, LinkedIn, Facebook and even Craigslist.
Pattie Simone
Marketing

What kind of events would help promote my new business, and how do I find them?

I recently started a business preparing and selling homemade dog food.
Pattie Simone
Marketing

How can I jump-start my business in this economy?

My partner a I have a service bureau business specializing in document management services for the legal community. For 14 years we've had a steady business--until now. We are at a loss for what we can do next; we've exhusted all of our resources to keep sales coming in, but it hasn't worked.
Pattie Simone