Questions for business owners?
Question:If you have started your own small business.. please answer adjectives the following questions:1.What type of business is it?
2.How did you procure the money?(from a loan, inherited?).
3.How much did your business cost?
4.How long did it rob for you to pay rotten the loan and start profiting?
Answers:
Physician's office and Law organization
Loan for Physician's office, then had it for directive office
Physician's department, needed $25,000 to start up
Law office, needed ~$12,000 to start
Physician's bureau - had money to pay envelope off 7 year loan contained by less than three years.
Other Answers:
yes, metal alloy`s , my own money, so far a couple of opulent, still working on that
My boyfriend and I own a now significant moving company.
We started out doing deliveries for a primary appliance store. We could not afford to hire any help, so i help. We used hand cart and dollies for large items. We also started out next to an old thump up pickup truck that we paid 600.00 for and after put a wood box on the back.
We did not catch any loans. Every part of the business be from hard labor we did. And paying dosh for everything.
The intial business start up was 1000.00 contained by the truck and dollies, 600 in contents insurance, 300 in broad liability.
We profited very all right the first year. We bought a newer truck and placed an ad within the yellow page for moving.
Got the moving license and now we craft over 150,000 a year in profit. An its singular getting bigger. We now own 4 cube trucks enjoy 5 employees. We own 7 store delivery contracts contained by two counties, and do about 2-3 moves a year within a 100 miles radius.
Trucking
Loan/my own $
Initial for equipment, license and insurance - $50,000
5 years to pay stale initial loan (Cost always arise though, such as updating equipment, trunk repair, etc. You try to cover as much as you can, and then borrow the rest. Make sure you hold a good queue of credit in grip of emergencies)
i own a moving company
save up adequate money for a deposit on my first truck payed 1500 a moth till it was payed stale
put an ad within yellow book
my first year out i made 80,000
never depend on anyone else fiancially!
if you can't do on your own you shouldn't do it at adjectives
how do i get rid of a franchised business?
Question:Answers:
Sell the whole business and adjectives the franchises or sell franchises to a business you own?
To go your whole business, contact a reputable restaurant business broker. I can connect you to one if you have need of.
To franchise your own business, first you need to be organized for franchising.
Do you enjoy detailed operations manual, daily operating procedures, training manual for every position including management, daily/weekly/period/yearly reporting systems for monitoring respectively franchised operation, startup equipment lists and birth inventories?
If so, then you're geared up to have a franchise agreement, operating agreement and general franchise offering circular drawn up for you.
Once your organizational work is done, there are several websites and publications you can plug in. A simple internet investigate for "franchise" and "franchise magazine" will reveal most of them. For the more effective website, you're looking at between $15,000 and $20,000 per year to schedule your franchise. This usually includes spots in a corresponding magazine.
Contact me if you obligation help organize your business to offer as a franchise.
Brandon O'Dell
O'Dell Consulting
Restaurants/Retail/Bars
bodell1@cox.lattice
http://www.bodellconsulting.com
Tips for Opening a Small Restaurant?
Question:Already have the premises and a small customer foundation, I'm pretty good at marketing, love cooking and will enlist a waitress. I've already got insurance and alcohol license as it's surrounded by a Hotel with pole, etc. I want my place to be really special! I'm most worried about taking ages to prepare the food when I'm busy. Has anyone get any useful tips or tricks?! Is in that anything I haven't thought of?!Answers:
a few simple rules
keep the food at a illustrious standard (as you would expectto have when ingestion out)
choose your clientelle base, cater for these, anyone else will be a bonus
delight in every minute, try not to get too stressed, a problem shared is a problem halve
have the decor as open and comfortable as customers need, doesn't necessitate to be elaborate to gross a good summary
Other Answers:
Do not do everything yourself. Employ washer, cutter, preparation of all the necessities personnel within accordance to your menu, so when the order comes, you will merely do the cooking.
Check out Channel 4's Gordon Ramsay's Kitchen nightmares.
This will bestow you some idea of how not to run a business.
The website also includes a division "Set up your own restaurant" and this may provide you with some adjectives information.
Good luck.
Source(s):
http://www.channel4.com/4money/realdeal/ramsay/nightmares_bonaparte.html
http://www.channel4.com/4money/realdeal/ramsay/set_up.html
Associations may be a well-mannered avenue to explore as well. These organization will address many of the thoughts, question and concerns you'll inevitably have as very well as many you haven't anticipated all the same. See the source box for some relevant links.
Research, research, research – this cannot be stressed enough. Read as much as you can more or less the industry. Here are some book titles that are relevant:
* Restaurants That Work: Case Studies of the Best in the Industry by Martin E. Dorf
* Upstart Guide Owning & Managing a Restaurant by Roy S. Alonzo
* The Restaurant Managers Handbook: How to Set Up, Operate, and Manage a Financially Successful Food Service Operation by Douglas Robert Brown
There are plenty of free informational resources out near. Check the source box for links to articles.
Hope that helps! I want you much success & joy in adjectives your ventures!
Source(s):
Associations:
http://www.restaurant.org/ -- National Restaurant Association
http://www.restaurant.org/states/index.cfm -- Link to State Restaurant Associations
http://www.nraef.org/ -- National Restaurant Association Educational Foundation
Articles:
http://ezinearticles.com/?Writing-A-Restaurant-Business-Plan-To-Help-Your-Business-Grow&id=78872 – Writing a Restaurant Business Plan to Help Your Business Grow by Shaunta Pleasant
http://www.ezinearticles.com/?Menu-Driven-Business-Planning&id=5785 – Menu Driven Business Planning by Monte Zwang
http://www.ezinearticles.com/?The-Only-Way-Left-for-the-Little-Guy-to-get-Rich-in-the-Restaurant-Business&id=179421 – The Only Way Left for the Little Guy to Get Rich within the Restaurant Business by Jerry Minchey
If you're looking for ways to create consistency contained by your operation, to make it run in need you the same method it runs with you, you should focus on setting up your administration systems.
* Operations Manual (the biggest key to consistency)
* Marketing Manual
* Menu Engineering Workbook
* Employee Policy Manual
* Training Manual for every position
* Human Resources Manual
The majority of ethnic group, whether it's school or a brief, are visual learner. Most people enjoy higher comprehension rates from seeing and/or reading how to do something than beside hearing how to do something. Putting your business written gives you the most important method possible for teaching your staff how to operate your restaurant, setting standards by which their deeds can be measured, and setting policies you can use to coach and reprimand your staff. All these things build the consistency you can't find in a business in need these tools.
Your Operations Manual, for example, will provide your staff with a written method for doing EVERYTHING surrounded by your business. It will include things like:
* Daily/Weekly/Period/Yearly duty checklists for adjectives positions
* Daily/Weekly/Period/Yearly record keeping and bookkeeping functions (sales, hand hours, restaurant expenditures) with standards for your business
* Daily/Weekly/Period/Yearly Reporting functions (your account keeping compiled and formed into comparisons and reports you use to make your business decisions)
It will also contain much, much more. In some businesses, the other manual I listed are chunk of the Operations Manual.
Maybe the most important admin system to develop up front is the Menu Engineering Workbook. This is where adjectives your recipes are categorized, your build sheets are created for every menu item, prep list are developed, line setup diagrams are shown, and your every system used within regards to food is contained from:
* Inventory procudures
* Purchasing procedures
* Receiving procedures
* Guidelines for menu evolution
* Menu Item Analysis
* Method for comparing Ideal/Actual cost of goods sold
* Gross profit dollar per personage analyzing, budgeting and reporting
The place to begin structuring near any restaurant, after the menu is made, is by putting all your recipe into spreadsheets, so they can be linked and updated automatically by your inventory. With a properly organized financial reporting program, these numbers can be used to consent to you know exactly how your business is doing on a weekly or even daily foundation and whether or not someone is stealing from you or wasting your product.
You have a big taunt operating a restaurant in a hotel location. Aside from those found within the "Ritz Carltons" of the world, hotel restaurants are usually very difficult to operate at a profit. The standard public sees hotel restaurants as somewhere you devour when you're staying at a hotel, not someplace everyone eats. It's a mental hurdle you enjoy the challenge of overcoming, and it's not an trouble-free one. Not many do. Typically, hotel restaurants, close to country clubs and other "captive audience" locations operate at a loss, and do so at the expense of the bigger business they compliment. These food services are see as an ameninity, something the hotel utilizes to sell more rooms, not a profit making business. This is why you see a considerable portion of hotel restaurants operated independently. The hotels know they are not money maker. It's also why you don't see a lot of national chains contained by hotel restaurant locations unless they have a subsidation concordat negotiated beside the hotel, or the hotel happens to be within an incredible location on a busy intersection with like mad of the restaurant visible from the road.
Good luck. If you want more specific help, perceive free to contact me.
Free initial consultations.
Brandon O'Dell
O'Dell Consulting
Restaurants/Retail/Bars
bodell1@cox.net
(316) 361-0675
http://www.bodellconsulting.com
Source(s):
http://www.bodellconsulting.com/yourquestions.htm Prep time is so substantial, most your time is preping not cooking, keep your menu small to start, specialise surrounded by a type or style of cooking, the main profit is within the drinks sold make sure ancestors drink! they tend to enjoy the food more as capably. I have a busy place near only 4 staff. Don't overpay your staff until they are trained and do what you want them too.
mothers give support to....?
Question:how much should i charge for mothers helping 2 girls-3 years and 14 months? I am 15 years oldAnswers:
Get certified contained by First Aid and to Baby Sit by the American Red Cross, and i'm sure you can ask more, after having this This department can also help you beside how much you should ask Best of luck
Other Answers:
I would say $5-6 an hour. That's be my experience anyway. Good luck!
I would charge $5 an hour for each. A 3year frail and a 14month old want alot of supervision! And if there not potty trained! Parents requirement to start thinking about these things,cheap minister to is not always well-mannered help!
How can I increase the profit from my cyber cafe?
Question:Answers:
Raise your prices and use cheaper materials
Other Answers:
porno, like with nothing on chics and stuff ,is really big so maybe enjoy a porno area where on earth people can jack-off at the back a curtian while talking to a lil **** on yahoo... start charging them to use the bathroom and after serve free beer...
thats where most of the money scam come from.
Have you thought about offering computer classes?
How in the region of buying a projector and web cam and give video conferencing?
Who could produce a small survey and find out what your customer would like to own.
economically i'm 13 and I want a chore. I would mow lawns but i have need of money to start bad next to for gas and stuff?
Question:well i want to mow lawns but my parents won't distribute me money to start off beside and tells won't permit me use the printer for adveritsments unless i buy ink and paper. So how do i seize start off moneyAnswers:
Offer to do work around the house that you wouldn't ordinarily do so your parents enjoy a reason to impart you money to start with. Just communicate to them about it and see what they want you to do so they'll bequeath you the money you need to start up.
Also, perchance get together next to a friend so you can split the cost. The nice thing give or take a few mowing lawns is that people entail it every week at least, so if you do a apposite job, citizens will probably ask you to come back and have a friend to help will be nice if you carry a lot of job and can't keep up beside everything.
Other Answers:
htlhkjnhio
How much should i charge to mothers lend a hand?
Question:i am watching two girls-3 years and 14 months. I am 15 and live in a commonplace neighborhoodAnswers:
Between $10 and $15 per hour probably. It really depends on what others charge in like place.
Other Answers:
What times and how often?
$10/hr for two kids seem reasonable. If you're watching them resembling all week, find out how much the local daycares charge and you can receive at least partly that.
Where do I achieve a partnership agreement ?
Question:Answers:
The best would be to have a advocate draft your partnership agreement.
You also need to enjoy Buy-Sell Agreement with your partner so you both will know the course of accomplishment to take when one of the partner/s want out of the business. You lately don't know what will happen, and have a Buy Sell Agreement can help you desire how the share of the departing partner will be disposed of, who will buy it and how much is the fair price. For more information on this: http://www.allbusiness.com/articles/Incorporation/1301-31-1799.html
Here is a taster partnership agreement
http://smallbusiness.findlaw.com/business-structures/partnership/form4-1.html
Other Answers:
See a lawyer, a grasp doesn't go far anymore
Have an attorney draw one up.
capably i'm 13 and I want a assignment. I would mow lawns but i obligation money to start stale next to for gas and stuff?
Question:well i want to mow lawns but my parents won't present me money to start off next to and tells won't agree to me use the printer for adveritsments unless i buy ink and paper. So how do i take start off moneyAnswers:
That is a great model. My first job as for a time boy was to mow lawns.
You can start sour by saving satisfactory money from your allowance to get started.
If you own trouble in that nouns, you may hit your parents up for a loan and pay them spinal column. My father made me pay him vertebrae for the loan, use of the lawn mower and other tools.
I after that found out he had put adjectives that into a college fund for me when I grew up.
I hope this has be of some use to you, good luck.
"FIGHT ON"
Other Answers:
pump gas at the gas station, or pack oodles at the supermarket
Source(s):
experience
If l buy some products from another country, resembling Israel and trade it here contained by Canada, How much Tax should i rate
Question:the product is amanufactured non agricultural productAnswers:
CHECK WITH CUSTOMS CANADA FOR THE RIGHT TARRIFFS AND DUTIES AND TAXES THAT WILL HAVE TO BE PAID
considering orifice up 'the little gym' franchise. Is this a lucrative business?
Question:Answers:
This is not a cheap franchise to start so you really need to study whether you can really produce money with it. They require:
Total investment: $145.7K-228K
Franchise levy: $57.5K
Ongoing royalty fee: 8%
Qualifications
Net worth requirement: $200K
Cash liquidity requirement: $50K
But money is not ample with Little Gym franchise. I know that they are one of the few franchises that give personality test to potential franchisees. It's one thing to own the money, it's another to have the self-worth to enjoy interacting near kids -- and this is what Little Gym looks for in their franchise applicants. They want to know if the franchise applicant fits with their overall system -- and generate big royalty revenue.
I suggest you dance to a Little Gym franchise (bring or enroll a kid, if you have no childlike children). Observe how many associates are enrolled - if it is full class, after you know there is a emergency. Observe how satisfied the parents are beside the facilities - self-satisfied parents tell other parents and you know you hold a winner if the clients are bright and breezy with the product.
Other Answers:
Can be, depends on the nouns, have to create a business plan and do some souk research for the prospective area up to that time one would know.
what is the prime rate?
Question:I'm trying to figure my interest and its 4.75% plus prime, what is that on any given daytime?Answers:
You can find the prime rate in the Wall Street Journal respectively day.
That is a enormously high rate of interest you are paying.
Other Answers:
It's currently 8% contained by the U.S. You can get more info by following the contact below.
Source(s):
http://www.bankrate.com/brm/ratewatch/leading-rates.asp
??????
Question:how much should i charge to mothers help a 3 year infirm and a 14 month old? I am 15 and live surrounded by a normal neighborhood. Homes here be in motion for $600,000Answers:
$10 per hour
Other Answers:
10-12$/hour is reasonable I guess
iF ITS PART TIME,3-4 HOURS A DAY 12-14 DOLLARS A HOUR
IF ITS SOME FULL TIME LIKE ON THE WEEKENDS, 9-12 DOLLARS FOR A FULL DAY. ALL PRICES BASED ON YOUR BEING PAID CASH.
Inflatable bouncers, who have the best/worst prices?
Question:Also, I would like to know who offer reasonable insurance for the bouncers? I hear that like a million dollars worth of insurance is needed for these bouncers. And what are some things that I entail to look out for if purchasing from an international supplier? Thanks.Answers:
what are the bouncers used for? Product Liability is quite expensive.
import you have to look to sort sure of the duty tax for cusotms.
shipping is extremely expensive from over seas.
Make sure the contact is the businesswoman not an Export Company.
Finding oversea partner ......?
Question:I selling Sony Memory Stick Pro Duo (High Speed)....whole prices ...interest deputation please add my msn esdbid@hotmail.com
Answers:
Cant facilitate you mate sorry, try ebay, you can sell anything on in that
Other Answers:
ail me at cole_rio@yahoo.co.uk
So whats the overseas partner title for.??
Your just after a cheap Dutch auction...get on ebay....move about ..go ..travel now..