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Most Recent Questions in Starting a Business

Question added to topic Starting a BusinessJuly 16, 2008

Who can help me to process, sell and distribute a product?

You’ll probably have to go it alone at first, especially if you don’t want to sell the recipe. Find a local vendor who can produce it for you, then get a list of 20 or so retail businesses you’d... (more)
Question added to topic Starting a BusinessJuly 9, 2008

I want to start a business to license a product that is patent-pending. What resources will illustrate the steps to take?

This is why so many people recommend developing a business plan. It's time to settle down and think through the steps. Resources? You've asked this question at Entrepreneur.com, which is one of the... (more)
Question added to topic Starting a BusinessJuly 8, 2008

Do angel investors invest in companies that have just an idea?

Not likely; you'd have to have a team together and committed, plus a solid business plan. You'd also have to have a convincing argument that all it takes is investors' money for this idea to become... (more)
Question added to topic Starting a BusinessJune 23, 2008

How do I pay my consultants if my customers drag their feet on paying my company?

Typically, your category of firm can ask for a deposit upfront before you start work (usually 50 percent of the project fee) as a way to help with cash flow. You also say your consultants would... (more)
Question added to topic Starting a BusinessJune 23, 2008

Where can I find information to help me calculate estimated sales growth for an e-commerce store?

Sales growth for this type of business is based on traffic to the website, and you should be able to find traffic statistics and subsequent click-through rates--which you may be surprised to find... (more)
Question added to topic Starting a BusinessJune 16, 2008

What are the top three most important things to do when opening a business?

Interesting question. 1. Offer something people want and will pay for. 2. Plan the details. 3. Follow the plan until you have to change it--and you will have to change it--and then... (more)
Question added to topic Starting a BusinessJune 16, 2008

How can I market an idea I feel would be beneficial to parents when shopping with their children?

Honestly, this isn't what you want to hear, but you can forget that dream of just selling that picture in your head. You don't own it until you have a patent or a business built around it, and even... (more)
Question added to topic Starting a BusinessJune 16, 2008

how would I go about showing my product to potential Investors?

It starts with a business plan; then you do an investor search, get an introduction, present a summary of the plan and, if the investors are interested, the plan itself. With that I just summarized... (more)
Question added to topic Starting a BusinessJune 16, 2008

What degree looks better to an employer, an entrepreurship degree or a finance degree?

That depends on the employer and the type of employment, particularly the job description. There is no general preference one way or the other. (more)
Question added to topic Starting a BusinessJune 16, 2008

What kind of clientele should I focus on for my cleaning business if I am only available evenings and weekends?

Your hours would be perfect for most commercial and office clients, who don�t necessarily want their busy offices cleaned during work hours--so you may want to change your target audience.... (more)
Question added to topic Starting a BusinessJune 5, 2008

Starting a new product line

Yes, that's why people suggest that a business plan is a good idea when you're starting a business. As part of the process, you think through what you need to spend on items such as legal costs,... (more)
Question added to topic Starting a BusinessJune 2, 2008

What business ideas would you suggest for a small town in a developing country?

Wow, there are so many you can begin. The best bet is to look at three things to make the decision: 1. What are your skills, the things you are good at? 2. What do you enjoy; what are you... (more)
Question added to topic Starting a BusinessMay 12, 2008

What are the pros and cons of a product-based business?

Pros Chance of making much, much more money Control your own destiny Control Cons Lots of uncertainty Chance of losing money Lots of hard work Ride in som (more)
Question added to topic Starting a BusinessMay 12, 2008

How can I sell business ideas or investment ideas without becoming an entrepreneur myself?

Forget it. The idea has no value. If it's worth anything, a thousand other people have the same idea. You don't believe me? OK, prove it. Prove me wrong. Make your idea work. Find a management... (more)
Question added to topic Starting a BusinessMay 8, 2008

What locations would be ideal for my law offices?

The most desirable location depends on the type of law you practice. Select your location based on the kind of clients you wish to attract. High profile corporate clients may look for the... (more)
Question added to topic Starting a BusinessMay 5, 2008

How can I bring a U.S.-based retail brand to a foreign country?

Great question. The approach is going to be the most important part. You have to build a relationship while being extremely well-prepared and professional. You would want to show the market... (more)
Question added to topic Starting a BusinessApril 9, 2008

How can I use my business experience in another venture?

I would go to your local Small Business Development Center or other local entrepreneurial center. Most of them will have books and/or classes that can help you explore different business... (more)
Question added to topic Starting a BusinessApril 4, 2008

How do I establish a U.S. based business while I'm traveling abroad?

Your main legal hurdles will involve having someone to manage and oversee the business while you're away. You will need to have a proper street address in the United States where the business will... (more)
Question added to topic Starting a BusinessApril 3, 2008

How do you partner with an existing company to produce and market your idea?

An invention can be patented, but an idea cannot. To learn all the rules and regulations, visit www.uspto.gov, which is the site for the US Patent and Trademark office. It can be challenging to... (more)
Question added to topic Starting a BusinessMarch 27, 2008

How can a minor obtain a business loan for a start up?

Unfortunately, I am not aware of any bank that would lend money to a minor. The reason, as you rightly pointed out, is that minors are (under the law) deemed to lack a full appreciation of the... (more)
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