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Most Recent Questions

Question added to topic FranchisesApril 13, 2011

Do Part-Time Franchise Opportunities Exist?

You're looking for the best of both worlds -- to keep the security and safety of your current job while building a business of your own at the same time. The answer is, yes, it is possible to do... (more)
Question added to topic Starting a BusinessApril 12, 2011

Do You Need a College Degree to be an Entrepreneur?

A number of people might argue that a college education isn't necessary, but I think it is important to get a college degree before becoming an entrepreneur. The education you receive may or may... (more)
Question added to topic Grow Your BusinessApril 12, 2011

How Can I Find Market Information for My Business Plan?

First remember that you'll need information to help you make the right business decisions, not information for information's sake. The website at cens (more)
Question added to topic Starting a BusinessApril 12, 2011

How Many VC Firms Should a Startup Pitch?

Your first objective should be to make sure you have an investment opportunity that will be of interest to venture capital firms. If your startup isn't scalable, defensible, have high growth... (more)
Question added to topic FranchisesApril 8, 2011

How Can I Dissolve an S Corporation?

Your rights as a minority shareholder depend on whether you have a written shareholders agreement and, if not, the default provisions contained in your state corporate law. Sometimes,... (more)
Question added to topic Grow Your BusinessApril 8, 2011

How Can I Find Out Whether a Business Name Is Already Taken?

There are a few places that you'll want to look to see if anyone else is using the same company name. First, if you are filing "Beauty Room" as a DBA -- short for "doing business... (more)
Question added to topic FranchisesMarch 29, 2011

Can I Buy Into a Franchise with Little Experience and Capital?

The first step for you is to take every opportunity to increase both your capital and your experience. It's not easy to save money while in college but it is possible. Work as you have the... (more)
Question added to topic FranchisesMarch 29, 2011

How Can I Determine the Success Rate for a Franchise?

You're focused on an important component of investigating any franchise -- the success rate. Assuming that by "success" you mean how many units don't fail, this is easy to determine. In... (more)
Question added to topic FranchisesMarch 29, 2011

How Do Franchise Territories Work?

This one of the most important and contentious topics in the franchise industry over the past 20 years. Many, but not all, franchises grant an "exclusive territory" to their... (more)
Question added to topic Grow Your BusinessMarch 22, 2011

How Can I Find an Attorney for My Startup?

Do you have friends in business in your area? Do you respect their judgment in business matters? If you do, who do they use for those services? The best way to find accountants and lawyers... (more)
Question added to topic Grow Your BusinessMarch 22, 2011

Where Can I Find a Reputable Wholesaler?

It's important you find a wholesaler who you can work with and trust. There are some steps you can follow to ensure you find one that fits those needs. First, and this may sound obvious,... (more)
Question added to topic Grow Your BusinessMarch 21, 2011

How Can I Get an M.B.A. to Help on a Project?

Talk to the faculty first. The institution has to participate to legitimize a work-study situation for some kind of course credit, and then everybody wins. Most business schools love to put... (more)
Question added to topic Grow Your BusinessMarch 18, 2011

What Goes into a Nonconfidential Overview of My Business?

Nonconfidential overviews are often used in situations where companies are seeking investment capital, grants, or promoting venture opportunities. It's a way of communicating your business... (more)
Question added to topic Grow Your BusinessMarch 18, 2011

What Can I Do When an Investor Freezes Funds?

Luckily for you, this leopard showed his spots early in the game. You may be right -- that your partner has violated certain provisions of your operating agreement. Putting in all the money and... (more)
Question added to topic Grow Your BusinessMarch 18, 2011

How Do I Protect Myself from Lawsuits?

Unfortunately, there's no way to prevent someone from suing you. You can be sued, even if you didn't do anything wrong. For example, reasonable minds could differ as to whether you were negligent... (more)
Question added to topic Grow Your BusinessMarch 16, 2011

Should I Sell My Franchise?

Many businesses have been struggling in the past few years. Here's the bottom line: 1. It's nearly always hard to sell a business that's not operating successfully, especially in a tough market.... (more)
Question added to topic FranchisesMarch 16, 2011

How Can I Determine if a Franchise Will be a Good Fit for Me?

These are three great questions so let's take them one at a time. First, there are many important steps you'll take when investigating any franchise but the three most important are: 1)... (more)
Question added to topic MarketingMarch 14, 2011

How Can I Reach Clients Online?

Instead of utilizing a website, you need to utilize a web presence, which consists of carefully planned placements of content about your business on other highly-trafficked websites. Here’s the... (more)
Question added to topic Grow Your BusinessMarch 14, 2011

Is it OK to Ask Hourly Workers to Not Work on Holidays?

I am assuming that the reason that you do not want hourly workers putting in time on company-observed holidays when exempt employees are not at work is because the hourly workers would not be... (more)
Question added to topic Grow Your BusinessMarch 7, 2011

How Can I Get More Site Traffic?

More traffic and better conversions can come from many different types of marketing initiatives, so here’s a basic summary of the main ingredients that typically go into increasing website traffic... (more)
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