How Much Should I Pay Retailers for Selling My Product?
Brad Sugars answered August 11, 2011
This is typically done on consignment, by which the store receives some kind of split on what they sell. Revenue is usually split 60 percent to the store and 40 percent to you, although...moreWhat Should I Consider Before Seeking a Business Loan?
Tim Berry answered July 20, 2011
This is a tough one to answer because so much depends on the specifics of your situation, what resources you have, what level of funding you need, how you feel about business with family and...moreWhat's the Best Way to Find Startup Money?
Tim Berry answered July 6, 2011
Seek an advisor first, before you seek an investor. Find someone local with related experience -- maybe an attorney or a counselor at the nearest Small Business Development Center. Check...moreHow Much Should I Charge for My Service?
Brad Sugars answered June 10, 2011
You need to work out what your numbers are on the expense side first, then determine what you bring in terms of value to the table to price your services accordingly. Since you are in the...moreWhat is a Good Resource for Determining Employee Pay Scales?
Penny Morey answered April 19, 2011
Compensation information for professionals who specialize in this field is very expensive and is produced by major companies like Aon Hewitt, moreHow do I find market research for my business plan?
Ryan Himmel answered December 28, 2010
A doggy daycare business sounds like a fun and fast growing venture. I performed preliminary market research online to get a sense of the opportunity and will share my findings with you below....moreDoes the IRS accept scanned receipts for tax write-offs?
Ryan Himmel answered December 23, 2010
You sure can scan your receipts and throw away the originals. Most taxpayers don't realize it but the IRS has actually accepted scanned receipts as far back as 1997. The rule that supports...moreHow can I get small-business grants?
Ryan Himmel answered December 22, 2010
Congratulations on the paintball venture. I think that is something everyone can enjoy. Now to the tough part -- funding the launch and operations of the business. Small business grants can be...moreWhat's the best way for a startup to handle taxes?
Ryan Himmel answered December 15, 2010
It is understandable for a startup to be cost conscious when it comes to expenses such as tax preparation. Entrepreneurs would rather use their limited capital towards spending that results in more...moreHow can I calculate my yearly projection?
Ryan Himmel answered December 8, 2010
Building a financial model for a business that doesn't currently exist is always tricky. With that in mind, it is important not to get too bogged down on the specific revenue or expense numbers but...moreIs my WACC taxed?
Roni Lynn Deutch answered December 7, 2010
Taxes only apply to the debt portion of your Weighted Average Cost of Capital equation. Businesses are allowed to deduct interest paid on debts on their federal taxes, so this must be accounted for...moreHow do you evaluate the cost of hiring a new employee?
Brad Sugars answered December 2, 2010
Generally, if you are generating revenues that equal half the cost of a new employee (and remember, that cost should include additional benefits and package costs), you can go ahead and hire....moreHow do I value a partner's share in a privately-held S corp?
Ryan Himmel answered November 15, 2010
This is a very important question and one that involves a significant amount of analysis as you want to recognize the full value of your portion of the company. To reach a specific valuation,...moreWhen converting from an IRA to a Roth, do I have to file self-employment tax?
Ryan Himmel answered November 9, 2010
The Roth IRA conversion is a great opportunity but it is really important to understand the mechanics of the process and the economics as applied to your specific financial situation. To...moreIs there a tax advantage to forming an S-corp?
Roni Lynn Deutch answered November 3, 2010
I like that you're thinking outside the box when it comes to how your income is taxed. This is an incredibly convoluted topic, and the potential benefits of forming an S corporation in this manner...moreWhen's the best time to seek additional financing for my startup?
Ryan Himmel answered October 27, 2010
Congratulations on achieving two key business milestones: developing a patented product and generating revenue. Many startups never even make it that far. The timing of when a startup should...moreHow can I source financing companies for my customers?
Ryan Himmel answered October 15, 2010
There is no question that it's a great idea to work in partnership with certain financing companies to provide your customers with more payment options. However, you want to be very selective in...moreHow can I secure financing to purchase a business?
Ryan Himmel answered October 3, 2010
Congratulations on taking a chance with trying to purchase a business. The best opportunities to do this often occur during a recessionary period when many companies are sold at deep discounted...moreHow can I learn the basics of financial management?
Ryan Himmel answered September 22, 2010
It's great to hear about your entrepreneurial spirit in starting a construction company. I would just caution you to really make sure that you have the work experience and the team in place to...moreHow can I transfer assets from one of my corporations to another?
