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Ask Entrepreneur - Franchises


Any advice for a group of friends who want to start investing in a group or entity?

I have a small group of friends with a wide range of expertise interested in forming some sort of investment group or entity. This group includes friends that want to keep their day job as an investme...
Starting a Business

How do I help my 15 year-old son start a business?

Hello there, I am producing a instructional DVD for music instruction and I would like my son to manage the sales so he can start learning about business. How would I go about this? He lives in Kissi...
Grow Your Business

Our business's service is becoming obsolete--where do we go from here?

We are a bookbindery that's been in business for over 30 years, but more and more of our customers are putting in their own machinery so they don't have to out source the work. So we're trying to thi...
Starting a Business

How do the benefits and disadavantages of a sole proprietorship compare to that of incorporation?

I have been operating my small business as a sole proprietorship for the past two and a half years. I've had losses the past two years but now that my business is really prospering, I'm wondering if i...
Grow Your Business

Should you compare one employee to another?

My boss told me I should dress like another employee in my office. Was that right?

What's the most effective way to advertise next to a highway?

I have a floral business next to a busy US highway and want to know how to put more pizazz into my marquee. What basic things attract highway drivers' eyes to advertising?

How do I sell my product to K-12 schools?

I've started up a business that's focused on free and open source software installation and support for the K-12 schools. Most of my activity has been focused on marketing over the last four months a...

How do I know whether I should change locations?

I don't want to give up on my location's cheap rent, but I need more walk-ins. Business at my hair salon is very slow--I only get two walk-ina a month. Is it worth it to pay 2 to 3 times more on rent...
Legal Basics For Startups

Are my personal assets protected under a business set up as a DBA?

My main asset is my house and that's what I'm worried about. Is it protected from my business? Do I have to get incorporated to protect this?
Starting a Business

How do I prepare myself to take over my parents' business?

I'm 17 years old and my parents own a successful restaurant. I feel I need to be well-educated to take over the business, but I didn't get the best grades in high school. Would a 2-year school prepare...
Grow Your Business

What kind of strategy should I lay out to continue growing?

I am currently running a 1 year-old construction business that's renovating the St. Louis area. The business generated approximately $100,000 in 2007 (gross) and I am looking for ways or available fun...

How much of the capital invested in a franchise is deducted?

I have been doing research on the tax deductions that associate with the capital necessary to start and run a franchise. I am familiar with the Schedule C, but, am not sure how much I can depreciate...
Human Resources

After looking at the end-of-year sales figures, how should I determine bonuses for my staff?

How should a wise business person work out the bonuses for the staff? What other costs should a business set aside before bonuses are worked out (i.e operating cost for the new financial year)?


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