Many people have great ideas about starting a business but their expectations are unrealistic.  Some people believe that they have done homework but they have not done the proper marketing research.  I received a call regarding starting up a retail store.  What research did they do for location?  Basically they said, there were other clothing stores in a strip mall if if people go to them, they will buy lingerie from my store.  Is that sufficient research? (more…)

You are tired of working for someone but you do not have enough money to buy a business.  What can you do?  There are a number of opportunities which you can look at which do (more…)

If you do not always want to be a follower, you should buy a business. What are the advantages of owning your own business? (more…)

The first three years of a new business are critical and many of new businesses fail within that period to time.  Why do they fail?  Here is a partial list of reasons:

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You have decided that you do not want to buy a business, you would rather start your own business.  Before you open the door and start getting new clients, you need to be prepared. (more…)

Whenever I speak to a group about franchising or tell someone I’ve just met what I do, the inevitable question is always “What’s the best franchise right now?” (more…)

You have decided to buy a business or start a business and you now have to decide who will own the business.  There are many advantages and disadvantages of being incorporated vs unincorporated (more…)

Is the name of your business unique?  Does it describe what you are doing?  Are you operating your business as a numbered company?  Many people do not like numbered companies if they are used as (more…)

Before starting up a new business, look for an existing business for sale in websites like thebusinessplace.com to see if there is a similar business for sale with cash flow already in place.  (more…)

Yesterday’s article highlighted the advantages of a start up business.  Here is a list of disadvantages

• high risk of failure in first two years of operation (more…)