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Most Recent Questions

Question added to topic Grow Your BusinessFebruary 16, 2011

Would Studying Politics Help Me in Business?

The answer to your question totally depends on what kind of business your father owns. If it's a law firm, lobby firm, public-relations company or advocacy group, it's probably not a bad idea to... (more)
Question added to topic Grow Your BusinessFebruary 16, 2011

What's the Best Course of Study for Would-Be Restauranteurs?

The best education you can get for working in restaurants is actually going to work at a restaurant. Restaurants and bars can be entrepreneurial traps. Many people believe that they're industry... (more)
Question added to topic Grow Your BusinessFebruary 16, 2011

How Can I Find a Manufacturer for a Product?

Your first goal should be to seek information, not necessarily find your final manufacturing partner. An abundance of online resources can help you get this process started. Some sites that can... (more)
Question added to topic Grow Your BusinessFebruary 14, 2011

How Can I Avoid the Hard Sell from Franchisors?

You seem concerned that when you call the franchisor you're going to get a salesperson on the line that is going to ignore your questions and just give you their... (more)
Question added to topic Grow Your BusinessFebruary 1, 2011

Do I Need a License to Run a Chat Site?

How you make your profit is not the real issue. In some states, opening an online business is as simple as finding a location (your bedroom counts) and filing a business name (also called a DBA,... (more)
Question added to topic Grow Your BusinessFebruary 1, 2011

I Have an Idea for a Change to Facebook. How Can I Protect My Idea?

Generally, ideas cannot be protected. While confidentiality and nondisclosure agreements can take you some of the way, they are not always airtight. Also, depending on how such an agreement is... (more)
Question added to topic Grow Your BusinessFebruary 1, 2011

What Are the Pros and Cons of Using Your LLC to Be a Member of Another LLC?

Having one entity own part of another has, as you noted, its pros and cons. On the plus side, you get an extra layer of liability protection. In addition, there may be tax advantages to having this... (more)
Question added to topic Grow Your BusinessFebruary 1, 2011

How Do I Produce a Prototype While Protecting My Idea?

Depending on the nature of your idea, you don't necessarily have to build a prototype in order to obtain a patent on your invention. In some situations, for example, in demonstrating your... (more)
Question added to topic Grow Your BusinessFebruary 1, 2011

What's the Best Way to Add Limited Partners for a Bar?

This is not an area where you should go it alone. In short, you are selling securities, broadly defined as a form of "ownership investment." Securities are highly regulated, both at the... (more)
Question added to topic Grow Your BusinessFebruary 1, 2011

Do You Need a Business Plan Before Starting a Company?

Technically, no. There is no law or authority that says you have to have a business plan before you starting. But most people do because it's smart to know what you're doing before you... (more)
Question added to topic Grow Your BusinessJanuary 31, 2011

How Should I Evaluate a Franchise Opportunity?

Especially in today's tough market, you need to pay attention to the dollars side of the business. Start up financing is virtually nonexistent, so you'll need to define a "reasonable"... (more)
Question added to topic Grow Your BusinessJanuary 31, 2011

Which Franchises Are Hot Right Now?

I was on Fox News recently and got quite a laugh when I said that I spelled sexy, "M. O. N. E. Y." That may have been what you meant, and I hope so. If by sexy you meant what is the... (more)
Question added to topic Grow Your BusinessJanuary 30, 2011

How Can I Improve Lunch Sales?

 Here are a few tactics you may wish to consider: 1. If you don't already have one, create a small lunch menu. A Thai restaurant in my town did this, and, even though it is s semiformal,... (more)
Question added to topic Grow Your BusinessJanuary 29, 2011

How Can an Ordinary Person Get a Grant to Buy or Start a Business?

I think grants are mostly myth, where we see somebody pitching about "free government money" and what he really means is "buy my product." There are grants offered by... (more)
Question added to topic Grow Your BusinessJanuary 29, 2011

How Do You Know When It's Time to Quit?

No one can tell you whether it's time to quit based on your email alone. From what you say here, staying with the business could be the worst possible decision, and leaving it could be the worst... (more)
Question added to topic Grow Your BusinessJanuary 29, 2011

How Can I Find Investors When I'm Just Starting Out?

The answer is yes. Every year, tens of thousands of startups find investors to invest in their companies. To interest investors, startups need to be the kind of startup that makes for a good... (more)
Question added to topic Grow Your BusinessJanuary 29, 2011

What nondisclosure forms can protect my business plans when pitching investors?

Your question is a tough one because most serious professional investors won't steal your idea, but they won't sign nondisclosure forms, either. But it still is a problem sometimes, and... (more)
Question added to topic Grow Your BusinessJanuary 25, 2011

How Do I Buy Benefits for Just One Employee?

Different states may have different options, but major carriers usually won't write a policy for an enterprise with fewer than five full-time, eligible employees. Here are two alternatives to... (more)
Question added to topic Grow Your BusinessJanuary 12, 2011

Should I Start a Business Despite Heavy Personal Debt?

The answer to your question really depends on your specific situation and how much research and preparation you have already done to determine the viability of the venture. If you simply just have... (more)
Question added to topic Grow Your BusinessJanuary 12, 2011

How Do I Find Partners or Investors for My Business?

You may want to explore the viability of partnering with an angel investor or an investment group such as a venture-capital firm. These types of investors can offer industry expertise and a strong... (more)
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