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Ask Entrepreneur - Starting a Business

Starting a Business

How do I determine if there is a market for a disease management company?

I am an RN and have an interest in developing a disease management company in which I would provide education, counseling and guidance to customers/patients with chronic disease issues or prevention....
Starting a Business

How do I capitalize on a business idea when I have little money as a startup?

I have an idea for a restaurant. I put together a business plan and presentation while completing my MBA. I do not have professional experience managing a restaurant nor do I have more than $10,000 to...
Starting a Business

Should I drop out of college and use the money to fund my business?

I am currently enrolled as a freshman at a university in Louisville. I have a business plan for a mall-based retail shop. There are two other investors; they would both put up approximately 25% each....
Starting a Business

What will happen to small business if the Democrats win the election?

I have been working on opening my own business for more than a year. We are getting close, but a few of my investors are getting worried about the election. They are concerned about the effect of incr...
Starting a Business

Starting an online invitation business

I design invitations. I want to start an online invitation business. What do I need to do so people can place internet and/or phone orders to purchase my invitations? Do I need to get a distributor...
Starting a Business

How do I determine the estimated population needed to support an apparel business venture in the Austin or San Antonio area?

The question applies to the folowing types of stores: apparel and accessories, womens' specialty, women's ready-to-wear, and men's and boy's clothing.
Starting a Business

Is a letter of credit from our bank enough to start a freight broker business?

Should our banker fill out the necessary form with the letter of credit, or are we required to have a bondsperson handle it after we receive the letter of credit?
Starting a Business

What area of study would be best to pursue if looking to open my own business in the future?

I am looking to open a business in the future, and am wondering what my major focus should be in college. I can't afford to go to a four year college right now, so I'm looking into community college...
Starting a Business

I am in the beginning stages of a vending business. How do I write a proposal to put my machines in a college that hasn't opened yet?

The contact person at the school advised me to provide as much information as possible about my business, including my years in business. I just started, and I don't know how to write a proposal that...
Starting a Business

Is there a form or preferred format for creating an equity proposal to a potential investor?

I've created a business synopsis. It's a three-page, boiled-down version of our business plan that lays out the company, opportunity, market, management and projections. I drafted a use of funds page...
Starting a Business

How can I address, in my business plan, the threat that an established large competitor poses for my business?

Clearly, established competitors pose a threat to any new startup. I am working on a product for which there is a great need in the marketplace. However, if an established company sees my idea in the...
Starting a Business

How does one calculate projected sales for a restaurant?

I am writing a business plan for a restaurant but am having trouble in getting decent sales projections. What do I base my projections off of? Is there a formula?
Starting a Business

What is the best way to accept payment from cutomers for mobile mechanic services?

I want to start my own mechanic mobile business and need to figure out what would be the best way to accept payments from customers. I won't be the one going on the job sites. Also, I have bad credit...
Starting a Business

Is it possible to profit from organizing a career/job fair?

I would like to organize a career fair in my city. The population exceeds 4 million, and job seekers are abundant! It would be outside the United States, but most legal rules still apply. Can I make m...
Starting a Business

We want to open a second sushi bar. What should we ask for in negotiating a lease?

We want to do business in a new shopping center. What can we reasonabily ask the landlord to do for us before we move in (i.e., gas piping, drain work, ceilings)?


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