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ShadowASL asked:


I’m going to be starting a business and I have a person that is willing to handle all of the development costs etc. Since it is an online business, the start up costs are pretty low for a business, under $10,000 definitely, probably under $5,000.

In this type of situation, what portion of the company is given to the investor?

Mikelo asked:


I need assistance to get my questions answered regarding starting a retail business:

1. Which retail business would be best to start and why: a) Specialty retail business or b) Mail order business?

2. Which type of business is more predictable and does not change often: Specialty retail or mail order?

3. Many people say that PASSION is important when it comes to starting a business because the owner will have to work long hour to make his or her business a success. I agree with that but can you explain to me why there are many people out there who started their successful businesses outside their PASSION?

4. How can I choose products and services to sell that fit my personality and are part of my values?

5. I took a Myers-Briggs personality test and the result of the test shows that my personality type is an ISFJ (Introverted, Sensing, Feeling, Judging). Would someone like me who possess this personality type can become successful in operating his or her retail business?

Daegan Smith asked:


Home businesses are starting to boom nowadays. People seem that they are likely interested in putting up business in their home. Starting a business from home can be profitable in so many ways. You just need to choose the right product or service that you want to offer considering your office or business is in your home.

Starting a home business needs a lot of research and planning. Regardless of what type of business you want to put up, there are some things that you should consider for a successful home business.

The first thing that you should do in starting a home business is to choose the type of business. It is advisable that you go for a sole proprietorship if you want to start a home business. You have the absolute authority of all the business decision. This is also the easiest way because you can freely apply all your ideas with your business. However, you can also have a partner that can help you with the decision you make. Other opinion can help you improve your business.

Whatever the product or service you want to sell, you must still settle on a particular type of business. You can choose to franchise a product or service but it would cost high because most of franchisor provide you all the equipments and things you need. Also it is assured that your business will earn lots of profits because it is already proven that this business is selling well.

In order to have a successful business in your home, choose the right type of business. As a prospective business owner you must see what the people will go for the most and what is the most in-demand. It is a must for every business owner to have goods and services that will sell more and earn more profit.

The next thing that you should do is to construct a business plan. The business plan that you’ll create should contain all the important items and things which are necessary in your business. It should be in detail and clearly identifies all things needed. It is important to create a business plan because this will be your guide throughout the planning stage. You’ll be able to see if your business would bring a success.

You should also consider additional manpower that would help you run the business operations. Decide how many employees you’ll need to add and if they’ll be part or full time employees. And of course don’t forget the wages that you’ll give to these employees.

The most important thing in starting a business is the capital. You must determine your financial capacity. See to it that you have enough capital that can sustain your business. Will you have enough investment and savings that can cover all the expenses for at least half a year?

In this point you’ll be able to decide if you still pursue your business or revise your plans. You also have an option to borrow money if you really want to continue your business.

These are some guides that you can follow in starting a home business. Upon creating your business plan you’ll be able to see your business idea. By that time you’ll be able to decide what kind of potential business you’re going to put up.

Cory Blanchette asked:


Starting a business is exciting, especially when it’s always been a lifelong dream. Unfortunately, many people think too much about the money and freedom that owning a business allows and don’t give enough thought to the actual business aspect of the business. Many people even start out to open a business with a few ideas, but have no clear plan for even knowing what kind of business they will start.

If this sounds like you, rest easy. With business opportunity packages, you can start a business with a plan that has already proven to be successful. This takes the guesswork and hours of planning out of starting a business. However, you need to choose your business opportunity wisely. The Official Home Business Guide web site provides free information and reviews on numerous business opportunities. Consider the following tips along with The Official Home Business Guide to start the perfect business for you.

Find Your Niche - By starting a business in a niche you enjoy, working your business will be something you look forward to instead of just a chore to make money.

Do Your Research - Research your niche and make sure that it has the potential to be profitable. If the niche you’ve chosen is too specialized, you may not have enough customers to show a profit. For example, you may love yellow polka dotted shoestrings, but is there enough interest from consumers to make this a lucrative business?

What About the Competition - Competition can be good and bad. If you have competition, it can be good because that shows the topic of your prospective business is popular enough for other people to have start businesses in that niche. Unfortunately, if the market is huge with too much competition, it can be a bad thing because it may be difficult to dominate in an oversaturated market. Strive for a business with moderate competition where you can take over.

Take Care of Legal Matters - Don’t overlook the proper legal matters when starting a business. Apply for a business license, register your business, and take care of any other legal and tax matters when starting your business. Don’t set yourself up for future problems by ignoring legalities.

Set Aside Space and Time - If you don’t have an office, set aside a space in your home for working your business. You need a space where you can keep your business records and supplies that is private so you will not be easily disturbed. In addition, set aside a certain amount of time each day where you are “at work.” This is especially valuable for those starting a part-time business while working a full-time job. If you set aside work hours, you will work your business. Post a sign or let your friends and family know not to disturb you during the hours you are working.

You Need a Website - If the business opportunity you choose does not provide you with a website, create one. Everyone expects a successful business to have a website. If you don’t know how to build a website, hire someone. You need a website!

Brian_Urlacher_54 asked:


What are some tips on starting a business type thing in which i do odd jobs, ect. Im a 15 year old and i may talk to my friend about starting one together. How much should i charge?? What could I write on the flyers? What types of jobs should i do?? ectt… Im doing this becuz i am trying to save up for a car *getting license in august. and turning 16 in april.*

Matt S asked:


I am inbetween careers and I have 150,000 to invest in starting a business and/or to invest in beginning my new career. What business should i consider starting?