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Ask Entrepreneur - Starting a Business

Starting a Business

What legal issues arise when trying to start a business under the age of 18?

I am a 16 year old sophomore in in high school and would like to start a mobile auto-detailing business. I have read E-Myth and a book on starting your own auto detailing business. The only thing that...
Starting a Business

When would be a good time to look into taking over a family business?

My father's grandfather started this high-end women's retail shoe store. It has been passed down 3 generations and is staring me in the eye. The store has enjoyed consistent growth over the last decad...
Starting a Business

Is there an advantage to graduating from a prestigious university?

Hello, I'm currently a full time student at a community college with a full time job and I'm excited about applying to universities this fall. I'm a finance major but I'm also currently craving the mo...
Starting a Business

Should I be worried about not having a college degree, even though my business career is going fine now?

I love my job right now, but I'm still concerned about my background. I didn't graduate from college. I am worried that someday our company is going to fast track and I am going to be stuck with nowhe...
Starting a Business

How can I test-drive a restaurant business?

Hi, I am an engineer who has a burning desire to start my own business. I have narrowed it to an Indian restaurant. Before spending a ton of money on location, cooks, and the whole works, I want to kn...
Starting a Business

How can I make my recycling business idea profitable?

I am interested in starting an e-waste recycling business in Massachusetts. After doing some initial research, I realized that there is no simple and convenient way for businesses or consumers to di...
Starting a Business

What university major would prepare me for entrepreneurship better?

Hi. I'm currently a university student in Australia. I'm currently completing my commerce degree but I'm having trouble deciding which major would be most beneficial to me in the future. I'm torn betw...
Starting a Business

Do I need a portfolio of past projects to start marketing my consulting business?

My resume shows work experience in key account management where I presented sales presentations to retailers and buyers. My resume also shows work in the marketing agency setting where I was an accou...
Starting a Business

Is it wise to partner up when opening a restaurant?

I am a 27-year-old female living in small-town Minnesota. I have wanted to open my own restaurant for years now, just haven't taken the jump yet. A good friend proposed that we partner up. I am a litt...
Starting a Business

Given the economic state and the recession outlook, what advice would you give a first timer business owner?

Interested in opening an eclectic vintage and coffee boutique in a quaint yet busy city in Florida. Concerned if now is the correct time to open a business, or if I should wait until the 'downturn' p...
Starting a Business

How do I acquire the former customers of my parents' failing business without my parents resenting me?

My family business is going bankrupt. The plan was for my wife and I to take it over throughout the next few years, but the business has been going downhill. Now I've started my own business doing th...
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...
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...
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...
Starting a Business

At what point should I make the full leap from my day job to my startup?

I have a photography business that I'm starting up, but don't know at what point I should make the full leap from my day job to this startup. Is there a certain amount of income I should reserve befo...

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