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How can I get small-business grants?

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... (more)

how to get government grants to start small construction company

Congratulations on the construction company and your timing. America appears to be slowly crawling out of the recession and new construction is coming back to life. Many entrepreneurs are... (more)

How can I find affordable health insurance for my employees?

There is no one source -- you really have to shop around. I recommend calling other small businesses. You could ask members of your local chamber of commerce for advice. Most often, people are... (more)

Is my business suitable for franchising?

There are three quick and dirty tests for whether or not a business might be a candidate for franchising: 1. Is it a good moneymaker? The old rule of thumb is that the franchise company is going... (more)

Why do so many franchises fail?

There are three main reasons why new franchises fail. Avoid these and you'll greatly increase your chances for success. 1. Capital Issues The classic blunder for anyone entering a new... (more)

As a potential franchisee, what do I need to know about franchise fees?

There are commonly two types of franchise fees that companies charge to a franchisee entering their business. The first is the initial franchise fee and the second is the ongoing franchisee fee... (more)

A New Hire is Sick and Can No Longer Work. Help!

If you have more than 15 employees, you are subject to the Americans with Disabilities Act or ADA Amendment Act. If this individual's malady is of a potentially long-term nature, she might qualify... (more)

How can I finance my franchise?

It's a tough market to find any sort of financing, but for new business startup funds, it is next to impossible. The secret to success seems to be one of three things: 1. If you have... (more)

How can I recruit quality employees?

Without any information on what kind of business you operate, I can only respond in the most general of terms. You should start by putting together a functional organization chart of the areas of... (more)

What's the best way for a startup to handle taxes?

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... (more)

How can I reduce my employees' benefits?

An employer has the right to change benefits whenever she pleases, unless the company has specific employment contracts in place with employees guaranteeing them specific benefits for a particular... (more)

How do I attract buying customers to my website?

The first thing to do is to set a goal and in order to do that, you must have a baseline. In other words, to figure out where you're headed you need to know where you are. How long do visitors... (more)

What type of business insurance do I need?

Regardless of your form of business entity, having business insurance provides another important level of protection. There are various kinds of business insurance that you will want to consider.... (more)

Is it necessary to have an employee handbook?

No, it is not totally necessary to have an employee handbook. Many companies do not have one. Now, if you asked me if it is advisable to have one, my answer would be yes. A good employee... (more)

How can I calculate my yearly projection?

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... (more)

Is my WACC taxed?

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... (more)

Is applying for an LLC the first step to starting a business?

Interesting question, but I would say the first step to launching a business is somewhere between having the initial idea and earning the first actual dollar in your new venture. The official... (more)

How do you evaluate the cost of hiring a new employee?

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.... (more)

What makes for a successful entrepreneur?

That's a pretty open-ended question, but there are some general principles I can outline for you. First, you need a good vision for what you ultimately want your business to be, and that requires a... (more)

Where can I connect with people who can help me open my business?

I have three recommendations: 1. Go through your contacts and talk to people you personally know who have started a business. Set an appointment. Let them know what you are doing and ask them if... (more)
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