business?!?
Q. well am thinking about starting my on business any ideas on how i can get started and wat should my business be
Asked by JJ - Tue Jun 3 16:24:55 2008 - - 3 Answers - 1 Comments

A. you've got it back to front. First you look for a niche in the market that needs to be addressed or you note a shortage of demand. If you are not addressing these keep your money in your pocket. Business opportunities come from hobbies expanded, new technology (e.g. become the Blue Ray expert), niche markets e.g. something a cultural group wants or needs, changes in law create opportunities for experts to emerge, changes in demographics e,g, more children in the area. Look around. Ask people around you. How to start will depend on the idea - some businesses start part time until they get enough customers to move on - some start as web based businesses and others just have to bite the bullet and go bigtime. Whatever you do please do… [cont.]
Answered by ASBC - Tue Jun 3 18:02:51 2008

How does a business collect from a customer that has filed bankruptcy?
Q. Have a small business and have a customer that has run up a debt and their company is now filing bankruptcy. How does a business go about collecting from the business. We are a small business also there has to be laws to help protect us also. Need some advice on how to legally go about being paid as a creditor. Also if a business says they are filing bankruptcy is it public record and what sites show this record.
Asked by Gina G - Tue Oct 14 19:34:59 2008 - - 1 Answers - 0 Comments

A. Are you asking the same question or was my answer deleted? you cant collect once bankruptcy is filed.
Answered by Jane M - Thu Oct 16 15:53:51 2008

Can I deduct a business mortage payment or only the interest and why?
Q. I need to know if I can deduct the mortage payment on a business. Our business mortage is a commercial loan and only the business is on it. Or, is only the interest on the business deductable. If so, would it be in our best interest for the business to rent from us this year?
Asked by tru_belle - Thu Feb 7 17:49:43 2008 - - 1 Answers - 0 Comments

A. The business can only deduct interest expense. If you own the property personally, and the loan is in your personal name (OK if business is a co-borrower), then the business could deduct the entire payment as rent expense. However, you'd then have a separate schedule on your tax return for this commercial real estate. You'd show the rent payment as income, and then deduct the interest expense there. If the business is an S-Corp then shouldn't be much of a difference either way. . . If you're a business owner with commercial real estate, you really should have a CPA (or experienced tax accountant) prepare your taxes. . . . Oh, you can't deduct the entire loan payment, as principal paid is a repayment of money lent to you!
Answered by Jonathan B - Thu Feb 7 21:22:11 2008

What business class is good for wanting to own a salon?
Q. I want to do a business class so I can own a salon. So what type of business class should I take? I was thinking business administration.
Asked by J SEXXY - Wed Jul 8 09:49:23 2009 - - 3 Answers - 0 Comments

A. Business administration is good. Accounting/Finance is always a useful skill for any business. Marketing if you want to develop a good marketing plan.
Answered by Lauren F - Wed Jul 8 09:54:54 2009

What business classes do you generally take the 3rd and 4th year of your BA?
Q. Im currently going to a 2 year school, getting my Business associates degree with a transfer option, and plan on going to a 4 year school to get my BA, and eventually my MBA. Im taking basic economics, accounting, and business managment classes right now, along with other core english and math classes, but what should i expect on my 3rd and 4th year? What types of classes? I know business classes obviously, but what specifically?
Asked by Mike - Tue Aug 26 22:04:19 2008 - - 2 Answers - 0 Comments

A. Business programs will have you take classes in all functional areas, including marketing, finance, HR, IT, etc. Additionally most school's will have you take some sort of strategic management course as your capstone class. Those are just the general business requirements. You will then take in-depth coursework within your concentration area. For example, if you are an accounting emphasis business major, you will take anywhere from 6-8 upper division accounting classes. Finally, there may be elective business coursework you are also required to do such as in international business, entrepreneurship, or such. You're also strongly advised to do an internship (credit awarded) in your area so you can build real experience.
Answered by iSpeakTheTruth - Tue Aug 26 22:56:04 2008

Is a Business Statistics course the same as a Regular Statistics course?
Q. Hi. Is a business statistics course considered equivalent as a regular statistics course in college? In other words, if a student wants to earn a bachelor's degree in business and the school that he is enrolled in requires him to take a business statistics course, would he meet that requirement if he took a regular math statistics course and not a business statistics course? Have a nice day.
Asked by recalcitrant99 - Thu Nov 20 22:46:34 2008 - - 2 Answers - 0 Comments

A. Depending on the course, statistics (as offered by the math or statistics department) will be purely procedural. They will go into great detail about WHY you perform a procedure a certain way and, generally, will discuss theorums and formulas in detail, sometimes even proving them. There will be little or no practical application and no discussion of experimental methodolgy. On the other hand, in a business stats course the time not wasted on in-depth detail about statistical procedures will be spent on methodology and application. Although it will greatly depend on your college and department, some departments will waive a requirement if you have fulfilled a similar one. Usually, they will only make this exception with transferred… [cont.]
Answered by Henry B. - Fri Nov 21 16:16:28 2008

How would you promote a neighborhood business?
Q. I'm trying to create a personal business and I have business cards and have made flyers for my business. It is pet sitting and many other things. Someone else beat me to the pet sitting, but I still want to practice my other businesses. I have made prices and have references, but nobody is calling. I haven't put up the flyers yet, because I don't know where to put them! I also have a babysitting business too. What kind of other promoting should I do, and any other ideas for different businesses? I don't want to do any online surveys.
Asked by Lauryn - Wed Jun 2 13:12:10 2010 - - 3 Answers - 0 Comments

A. Hey Lauryn, for starters, you can send out a "Grand Opening" email to all your contacts so they're aware of your business and start getting your flyers and any other marketing materials distributed throughout your local community. Below is a list of places to get you started. The key is to be consistent in getting as much information out there as you can so make sure you have your marketing materials with you whereever you go leaving a "paper trail" behind. Once you start building up a clientele, you'll be able to work on referrals as well. You'll eventually want to expand on this but you first want to start with the basics. HTH
Answered by Laura - Wed Jun 2 13:30:10 2010

Could a business career be attainable with a philosophy or politics major and a business minor?
Q. I'm currently an undergrad at a liberal arts school. I'm planning on majoring in either politics or philosophy, and a minor in business. After i get my degree, would i be capable of getting hired or nonetheless get an interview with a firm or bank. Also, could a business internship help the situation?
Asked by Vinny the Chin - Thu Dec 10 17:45:15 2009 - - 1 Answers - 0 Comments

A. A business internship would definitely help. May I suggest majoring in business if that major is available, in which case you could minor in politics or philosophy. As you can take additional politics or philosophy courses as electives in addition to those required for a minor, you could still get a good education in one of those subjects. If a major in business is not available, I would suggest that you take as electives any additional available business courses which are not required for the minor. I would also suggest taking additional business courses during the summer at the most prestigious university possible during any summer in which you do not have an internship. Some of the most prestigious universities in the country,… [cont.]
Answered by ownpool - Thu Dec 10 18:10:50 2009

How can i start a business if i am not sure of my passions?
Q. I've done alot of research on starting a business. I am a college sophmore-havent picked a major yet but i'll probably go with business and photography. My interests are business, photography, web design, photoshop, traveling and languages (spanish and italian) When people say base your business ideas on you passions--mine are a little too complicated for starting a small business. Any Ideas? Thanks!
Asked by jade_pisces - Sat Jun 27 20:00:24 2009 - - 5 Answers - 0 Comments

A. I'm helping a friend with his expanding company and am looking for 2 or 3 people right now who are ambitious and teachable. Your background is impressive but I make no promises or offers. If your really interested in business ownership and would like to find out more contact me for an interview... Call toll free 1-866-676-8366
Answered by 100k - Mon Jun 29 13:36:17 2009

How important are business ethics to a company and their success?
Q. Discuss the ethical climate at a business that you are familiar with or one that you have researched. How have ethics affected this business? What does this business do to enforce ethical principles? What things could they do better? How can we as individual employees influence the application of ethics are our businesses? Give your thoughts and ideas on this subject.
Asked by Trying!! - Sun Jan 27 18:42:34 2008 - - 2 Answers - 0 Comments

A. business ethics are important but are difficult to enforce. I am a member of a professional organization with a defined ethics policy in it's bylaws. there are complaints of ethics violations against 3 members but no one wants to sit on an ethics committee for fear of incurring personal liability. It' a ridiculous situation mired in politics and fear of reprisals.
Answered by slackjawhb - Sun Jan 27 18:53:08 2008

Does my small business need to file a tax return?
Q. I am a small business owner and have been developing my company for the past year. Because I left my previous job to start this business I do not have a current income and because my company only recently officially "opened for business" we do not have a profit line. Do I need to file? What about the business expenses that I incur?
Asked by greg b - Mon Mar 5 18:09:43 2007 - - 4 Answers - 2 Comments

A. Definitely keep track of your expenses. Most start-up expenses should be capitalized until operations begin. This means that you cannot deduct certain expenses until the date the business started, even if you paid them last year. Some expenses should be amortized over a period of time. Business start-up costs are the expenses you incur before you actually begin business operations. Your business start-up costs will depend on the type of business you are starting. They may include costs for advertising, travel, surveys, and training. These costs are generally capital expenses. You usually recover costs for a particular asset (such as machinery or office equipment) through depreciation (discussed next). You can elect to deduct up to… [cont.]
Answered by tma - Tue Mar 6 02:55:56 2007

I work for a 501C business,which is closing and liquidating. Can I start my own separate taxable business?
Q. I have worked for the 501C business for 10 yrs total, 3 in this specific business area. They no longer wish to carry this branch of their association. When they close, I will be fired. Can I start up my own for profit business, with the same business description?
Asked by izzy - Fri Sep 29 12:12:56 2006 - - 2 Answers - 0 Comments

A. You may have some problems if you use similar names or other things that may be the intellectual or business property of the 501C (3). You should get a written agreement with the Association approving your enterprise. If you plan on using the same facilities as the non-profit there could be some zoning issues that would require a new approval by the local planning department. After that you may organize in the same manner as any business.
Answered by unknown - Fri Sep 29 12:41:32 2006

What is the best way to transfer my small business to my son?
Q. I want to give my son my business without charging him any upfront money. I would like to pull a small income from the business each month as a retirement. I dont want a share in the business just a guaranteed payment each month. I have been in business since 1983 and have annual average revenue of $225,000. My son has been working with me now for the past 8 years and has shown great leadership skills. I am concerned about things like tax ramifications of not handling this properly. Our business isnt incorporated instead it is a sole proprietorship. Would it be better to incorporate and retain a share of the business while giving my son the majority? Also I have a house for sale currently but it is pre foreslosure. I have a buyer lined… [cont.]
Asked by johndmershon - Thu Jul 19 18:32:28 2007 - - 2 Answers - 0 Comments

A. If you own a small business, then you should at some point have had to consult with a CPA and a small business attorney...this should be best handled by your attorney. If you don't have one, try calling around to see if you can get one recommended to you. Someone who handles real estate or retirement issues might be able to help as well. As with anything, if the company doesn't make any money, your 'guaranteed monthly retirement' won't always be there, so some of this rests on the fact that you believe the business will be successful enough under his command. There are never any guarantees...
Answered by reddevilbloodymary - Thu Jul 19 21:32:49 2007

Is it possible to build business credit with a small home-based business?
Q. I have a small e-business, and I would like to know if it's possible to build a significantly high level business credit score? Also, can you build a business using business credit?
Asked by mrcharlie69 - Mon May 5 13:28:28 2008 - - 5 Answers - 2 Comments

A. You can absolutely business business credit with a home-based business. www.thexbanker.com is a good source. I don't understand your second question. Can you clarify?
Answered by Beancounter - Mon May 5 13:34:02 2008

Can I operate a business outside the country with a sole proprietorship type of business?
Q. I'd like to operate a Business and Trade Organization outside the US. If I have a sole-proprietorship type of business, can I do that? If I decide to form an alliance with another business outside the country, would I have to change into a Corporation?
Asked by JM - Fri Feb 27 13:39:49 2009 - - 1 Answers - 0 Comments

A. You can absolutely operate as a Sole Proprietor and still have have alliance with another company. Whether you have strategic partnership or contractual partnership, you should be able to show revenue on your tax form as a sole proprietor. The taxes are very complicated, depending on which company you are operating in because I know someone who has a similar business model. There are accountants that specialize in this area and you can consult them. Also feel free to sign up on where you can find and network with small businesses globally. Feel free to link with my company (Paul Graphics).
Answered by jamie.jordan80 - Fri Feb 27 18:23:15 2009

Can I start a home based business, not get a business license and not pay taxes?
Q. I read that if you dont get a business license and you run an at home based business and your neighbors dont complain about your work, its unlikey the IRS will find out and make you pay a fee as well as put your business on hold until its done. Now, in the state of FL, if I chose to not get a license because the type of business (event planning) did not require one, would I still have to pay taxes?
Asked by shimshim - Mon Nov 19 18:28:47 2007 - - 3 Answers - 0 Comments

A. Make note of where you read that. And do NOT read that garbage any more if you value your financial well being! Of course you have to pay taxes! And what gives you the idea that the IRS won't know about it? Eventually you'll have a business customer who will hand you a Form W-9 and ask for your taxpayer ID number before they pay you. Assuming that they pay you more than $600 (and possibly if it's less) the IRS will be notified of the payment. Or someone will get audited and will have claimed an expense deduction for the money that they paid you. The IRS auditor will then gather the details about YOU and make a note to follow the money trail and see if YOU are paying YOUR share. Either way, you're BUSTED! But let's just say that… [cont.]
Answered by Bostonian In MO - Mon Nov 19 20:47:17 2007

Do you think a fee based business acquaintance service can be a profitable industry?
Q. Everyone has some business acquiantance that can help others to do successful business. How to let all of them know each other. Fee based business acquitantance service may do it. Big business service ? Profitbale business service ? Let me know. Great thanks.
Asked by energyquotenet - Mon Aug 14 04:13:03 2006 - - 4 Answers - 0 Comments

A. Yes -- it is called linkedin.com
Answered by Mr. PhD - Mon Aug 14 04:17:09 2006

How big should a business be before the owner finally delegates responsibilities?
Q. I am in the family business and my mom is clearly strained... We are blessed to have business hand over fist even in this recession but that is not my problem, or question... My question is how can a small business owner learn to lay back enjoy the fruits of their labor??? I mean she has owned this insurance agency for 30 yrs. and has nursed it from ONE policy to what it is today? But her health is declining as she is still trying to take payments, pictures of homes, etc. on what should be considered now at least a "mid sized" business?
Asked by Sociopath - Mon Jun 8 14:42:42 2009 - - 2 Answers - 0 Comments

A. It sounds like you are at that point. If it feels like too much, it probably is and if you are in the black, you can definitely outsource now. If you are concerned about handling the legal aspects, book keeping, etc. of a new hire, you can go through a temp. agency first. That way, you pay the agency and they handle payroll, etc. for their employee. The agency can coach you through it. You can always keep the person on, too, if it works out.
Answered by m h - Mon Jun 8 14:59:29 2009

Do you need a business license if you have a business degree?
Q. I have created a business but want to be sure all of my t's are crossed and all of my i's are dotted. I have a business degree, I want to be sure I do not have to back it up with a business license? Some people have advised me to get one just to be on the safe side.
Asked by JAM - Mon May 28 03:22:42 2007 - - 4 Answers - 0 Comments

A. Most states require you to have a business license, because most insurance companies require it. And usually if your in business you have to have insurance. ... its the law, in most states. So if I were you I'd go to your local "Better Business Bureau" in your town, and ask !!! It's always better to have your eggs all in one basket. Do your skilled homework. You do remember homework .. right?? Good Luck.
Answered by pdtsandy47 - Mon May 28 03:34:39 2007

What kind of business can I start in a warehouse building?
Q. My husband has a machine shop and only uses about 1/2 his building. I would like to start a business in the other half. I wanted to partition off a room for an office and do bookkeeping and then I was thinking about maybe a document shredding business or a document storage business would be good - any other ideas? Thanks! The zoning would not be a problem. This building is located in the center of town off a main street through town. I currently work for an accounting firm and you would not believe the paper we go through - we use a shredding service and have a storage building. Doctors offices and lawyers also have a lot of documents that cannot be thrown in the garbage because of the information they contain. Thanks for the input -… [cont.]
Asked by nomnkybusiness - Fri Jun 1 18:46:05 2007 - - 3 Answers - 0 Comments

A. Any kind of storage would be a natural, and easy. Or how about a combination coffee shop and tool supply?
Answered by Michael B - Fri Jun 1 19:29:54 2007