Many Americans dream of starting a business but are unsure how to find a business idea or turn their skills into viable ideas. If this sounds familiar, then this guide can help you get moving. Here are some of the best business ideas for beginners: Photography If you’re passionate about photography, consider marketing yourself as … What Business Is Good for Beginners?
By Admin | Posted June 14, 2022
Are you thinking about starting a business? Congratulations! Your entrepreneurial spirit is certainly something to be proud of, but you might also find yourself unsure about the requirements to start a business. This article will highlight 5 major things you need to start a business. 1. A Well-Written Business Plan Starting a business takes a … What Are 5 Things You Need to Start a Business?
By Admin | Posted May 12, 2022
What Are the Requirements to Start a Business? Starting a business takes more than just a good idea. You’ll have to meet certain financial and legal requirements before getting your company up and running. This article looks at the basic requirements to start a business and what it takes to meet them. A Business Plan … Requirements to Start a Business
By Admin | Posted May 5, 2022
So, you’ve decided to invest in a franchise and enter entrepreneurship as a franchisor. You’ve picked out the franchise you’d like to open up, met with a franchisor, and reviewed the Franchise Disclosure Document (FDD). Much like investing in starting a small business, franchises typically require a bit of capital to fund the purchase. There … How to Get Loan Ready for Your Franchise
By Deborah Sweeney | Posted September 30, 2019
The case for buying, owning, and operating a franchise can seem quite compelling: You, at least in a sense, own your own business, but you’re not alone during the operation. You have some latitude to operate independently — yet you also should have access to assistance from the franchisor. The product or service has already … How to Safeguard Against Franchise Fraud in 2019
By Elliot Ginsburg | Posted January 28, 2019
When it comes to financing a franchise, you have several options to choose from—withdrawing funds from your retirement account, small business administration loans, financing through the franchisor, home equity loans/second mortgages, borrowing from family or friends, or using your own savings. If you are opting for any sort of loan or outside financing, there are … 5 Tips on Financing a Franchise
By Eric Bell | Posted May 17, 2018
Many entrepreneurs new to starting a small business know there are a few legal procedures they must accomplish before they can open up shop. Some of the primary ones include incorporating or forming an LLC to protect their assets, obtaining employer identification numbers (EINs) if they plan on hiring employees, and filing annual reports to … What’s a DBA and Why Does It Matter to a Franchise?
By Deborah Sweeney | Posted May 8, 2018
Forming an S Corporation Allows Franchisees to Save on Payroll FICA Taxes Whether you’re buying an existing franchise or taking your own business and turning it into one, franchisees know that it’s a requirement to incorporate a franchise. While LLCs and Corporation tend to be the most common entities chosen, S Corporations have also risen … How an S Corporation Saves Franchisees Money
By Deborah Sweeney | Posted January 26, 2018
As with starting any new business, creating a business plan for your franchise is a critical step in the buying process. This plan will outline the expectations of your new business as well as help you think about and prepare for the challenges you may face. And if you are looking to secure financing for … How to Create a Franchise Business Plan
By Suzanne Musial | Posted August 8, 2017