Small Business Questions and Answers

HOW can I make good money on ebay?




Answers: I don't know ... if you find out please let me know. I've been doing it for years, and have yet to make *good* money.

And if that's something you could find out by posting to runeye.com, then everybody would be rich. But good luck :o)
there are many things that you can sell on ebay.

There are interesting articles that will help you. Check them out.
Follow this guide and it will not only teach you how to start making money but also how to get FREE LISTINGS on Ebay!!

Would you prefer to buy an existing business or start your from scratch? Why?




Answers: I have bought two existing businesses and both I paid too much goodwill because trading values were all lies. Hence starting my own.

This is because big companies are a**oles and will mix trading of other areas to confuse tax records.

As for not needing any money to start a business my current operation need approx 1.5 million to start.
I've done both and there are ups and downs to both.

Think of a business like a house. When you buy a house that is already built, you can typically move right in however you get what you get. If you don't like what you get it can be very hard to change it.

However, when you build your own home, you can have everything just the way you want it but you have to figure out how to build it and you have to live somewhere while it is being built.

A business kind of works the same way. Usually there is already some kind of a system when you buy an existing business so you don't have to figure a lot of the little things out. For example, I once started a mail-order software business and it took over a week to figure out the optimal size of box I needed for shipping. The downside is that the person selling the business or franchise expects to get money from you. So, in reality you are paying them to set up the systems for you.

There is an old saying that you can tell who the pioneers are because of the arrows in their backs. It's a lot of work to develop a successful business and it usually takes a long time to see a profit. However, if and when the profit comes in, it can be very rewarding-both financially and spiritually.
I would definitely go for the first option if I have the following conditions:
1. I have the money to buy the existing business;
2. The said business is doing good so the market won't
be a problem. Just a question of expanding and
managing it better; and
3. After undertaking a due deligence examination, the
existing company has no 'hidden skeleton in its
closset'.
Starting from scratch, however, is more problematic. You have to take care of the following, among other unexpected problems:
1. Market;
2. Business permits and various requirements;
3. The bank or banks; and
4. The hiring, sourcing and purchasing of equipments,
construction and beautification, etc.
It depends... either one could be the better choice, depending on the situation.

Better to buy:

1. If you have the money.

2. If something close to what you want is already established and available to buy.

3. If it's a good buy (a "fair" price or good deal).

4. You don't have much interest in developing the business, but you want to own it for some other strategic or personal reason.

Like anything that is sold, people can sell you a lemon - something that's not at all what they talked it up to be. Insist on seeing tax returns, accounting records and anything related to the viability, profitability and soundness of the business.

In general, a business is only worth buying if it doesn't rely on the everyday involvement of the owners. It should be a self-run asset, where someone is on the payroll to competently manage (either full or part-time). At this point, the business can be treated like other assets like real estate, securities, etc.. In fact, you could compare annual returns on
a business as an investment with real estate and stocks with the same amount invested (and considering the total picture of risks as well in the comparison).


Better to start from scratch:

1. If you have no real money.

2. If there is no business like you want that is available for sale.

3. If you enjoy the process of building a company on your own.

When buying a business an option can be to become a partial owner (if it is a type of corporation) in the form of shares and have voting influence proportional to your portion of ownership.

I personally start businesses from scratch because I don't have money on the scale required to buy the kind of business I want at this time. Notice the very rich have different options. If Bill Gates wants a company, he buys it.

In America, you really can build a business empire starting on a shoestring. It can be extremely difficult, very competitive and may take many years, but it is worth it in the end.

What's a pious first name for an online store selling a general mixture of unrelated items?

Is Jessie's Motley Marketplace stupid sounding?
Please help. Thanks.


Answers: Jessie's Jumbled Junk
Random Closet
Jessies Jumbalaya - thats that stew close to soup thats has tons of everything within it - i think it sounds cool too, the knob is to make it so ppl wil remember it any consciously or subconsciously - that like those disney things - its adjectives subliminal

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