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Ask Entrepreneur - Grow Your Business

Grow Your Business

How difficult is it to change the status of your business from a general partnership to an LLC?

I have a GP business and would like to convert it over to an LLC. What are the advantages and disadvantages of doing this? Is it a difficult process?
Grow Your Business

Is my only choice to file bankruptcy and shut down my convenience store?

MY American dream small business (convenience store) opened three years ago. Unfortunately the building I am in was sold. The new owner raised the monthly rent from $3,000 to $4,700 and told me to tak...
Grow Your Business

I'm taking a product I sell locally to a more regional level which means I will now have to deal with shipping. Who pays for the shipping when a store places an order with me?

I've always been able to deliver my product to local retailers who buy from me. Since I will now have to ship it out of state, I need to know how that is handled - does the buyer pay the shipping or...
Grow Your Business

Should I trade out of a recession, given my business is only 4 months old?

My car wash business has eight sites. Some are profitable, some are break-even, and two are unprofitable but growing. But in the past two months, the recession hit and sales have halved. I want to ren...
Grow Your Business

How do I calculate my business taxes for a company I plan to start?

I am working on a business plan for a mobile car wash unit, and I want to estimate what my business taxes will be.
Grow Your Business

Am I legally obligated to let an exempt employee in California work through his six-week notice?

I have a store manager who recently gave his leaving notice six weeks in advance of his last day. Can I ask this employee to leave sooner?
Grow Your Business

How do I promote my art business in these economic times?

I am the owner and artist of my own art studio. In these times I am finding that the majority of people are concerned about where every dollar is going, and my business tend to lean towards the "...
Grow Your Business

Is it necessary to trademark my business name?

My wife and I have recently started a new company that is beginning to expand into other geographical markets. We asked our attorney if we should trademark the name to prevent others from using it on...
Grow Your Business

How do I acquire the skills I lack when it comes to running a business?

I have my own business, which I cherish and dream of succeeding at and growing. Yet I am not the most organized, efficient and disciplined person. I have trouble setting and adhering to set schedules....
Grow Your Business

Can I seek advice from a CEO who started a business like mine a long time ago?

I started an RTD tea-producing company, with my own brand name, and I am going through many obstacles and challenges that are slowing me down dramatically. I was wondering if it is a good idea to cont...
Grow Your Business

What would be the best way to pay my business debt?

I am in a bind now. Work is slow, I owe my vendors money and my cash flow is in the negative. I feel like I am going bankrupt. I've been in business for six years, and all of a sudden I hit a brick wa...
Grow Your Business

How do I find good wholesalers for women's contemporary clothing up to size 5x?

I have attended trade shows and searched the internet. What else can I do?
Grow Your Business

My cash flow has dried up and we are at a standstill. How do I continue in this retail enviroment?

We have been retailers for 13 years and have grown from nothing to a $9 million-dollar business selling footwear and apparel. Our costs for rent and miscellaneous in our stores have risen from 18 perc...
Grow Your Business

I want to relocate a retail store to a more successful location.

I selected a small strip mall based on where I live and affordability. This is a second store that is not doing very well compared with store No. 1. I am considering relocating it to a more productive...

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