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Most Recent Questions in Starting a Business

I'm starting a business with an investor. If I have the knowledge and he has all the capital, what is a fair percentage of ownership for both of us?

When it comes to investing, cash is king. So don't be surprised if your investor asks for the lion's share of the equity. That said, your expertise is also valuable -- otherwise, the investor... (more)

How do I figure projections for a start up business?

You need to visit with your local small business development center to discuss the creation of a business plan. You also need to research your industry to help with information necessary for... (more)

What do I do when I have a possible business partner that does not have the skills and knowledge, but has the desire to learn?

Choosing a partner is one of the most important startup decisions you’ll ever make. There is no reason to have a partner unless he or she brings something to the table that you don’t – whether... (more)

What do I do when I have a possible business partner that does not have the skills and knowledge, but has the desire to learn?

Choosing a partner is one of the most important startup decisions you’ll ever make. There is no reason to have a partner unless he or she brings something to the table that you don’t – whether... (more)

What do I do when I have a possible business partner that does not have the skills and knowledge, but has the desire to learn?

Choosing a partner is one of the most important startup decisions you’ll ever make. There is no reason to have a partner unless he or she brings something to the table that you don’t – whether... (more)

How do I decide whether I should license my product to someone else or manufacture it myself?

<P>Lucy</P> <P>Great question, it's almost like asking how long a piece of string is.  Running a complete business on a single product line is always very difficult to get to a... (more)

How do I find a mentor in a small town?

<P>Ronnie</P> <P>Score.org is great for retired execs who want to give back.</P> <P>www.actioncoach.com and they have a bunch of business coaches in the Ch (more)

How do I find a mentor in a small town?

<P>Ronnie</P> <P>Score.org is great for retired execs who want to give back.</P> <P>www.actioncoach.com and they have a bunch of business coaches in the Ch (more)

How do I find a mentor in a small town?

<P>Ronnie</P> <P>Score.org is great for retired execs who want to give back.</P> <P>www.actioncoach.com and they have a bunch of business coaches in the Ch (more)

How do I take demographics into account while writing a business plan when I don

Shouldn't you be using demographics to help you decide where to locate? If the demographics are different in various areas near where you live, then that should be an important consideration in... (more)

Are there websites or other resources that would help me create a business plan?

Having no idea how to go about purchasing the products you would sell is a serious problem if you're trying to start a business. If you really have no idea then you should work at a clothing... (more)

Lena, what business area shows the most potential for growth?

My focus is mostly on social media, the Internet and technology so, I can't really say - without a bit of research - which business area has the potential for the most growth. I can say,... (more)

Should I incorporate several business ideas into one company or create separate companies for each idea?

As far as I know (and I'm not an attorney) there's no hard and fast legal rule for this, but my advice is make your first business successful before you start your second; which means incorporate... (more)

How do I not let my disability deter me from my startup plans?

I'm uncomfortable presuming to answer this question without having dealt with your disability, but from what you say here, it seems like you are well on your way--already further than a lot of... (more)

Where can I find manufacturers to produce prototypes for inventions?

<P>Wow, such a broad question.</P> <P>Usually this depends on the invention. Most inventions are created by engineers, so I would start there.  Probably the best way though is to... (more)

How can I differentiate between the scams and the legitimate jobs?

Honestly, I have a hard time with this as well. I tend to be skeptical at first of just about any opportunity such as this. Anything that offers fast wealth, instant success, or a large investment... (more)

Should I open an online store or a real, physical boutique?

Do a SWOT analysis to see what makes more sense to you. Which one fits your strengths and avoids your weaknesses? (more)

Should I open an online store or a real, physical boutique?

Do a SWOT analysis to see what makes more sense to you. Which one fits your strengths and avoids your weaknesses? (more)

What type of business plan do I need for an already well-established business I

You need what I've taken to calling the not so big business plan, meaning not a formal document with all the trimmings, but a plan that you can follow up and t (more)

What is your best advice to a stay at home mom entering today's business environment?

My best advice is to follow the typical business-to-business contacts sequence: call, mail, call.  That means it's best to initiate contact with business prospects by phone, then follow up... (more)
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