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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?

Seniorita234 asked:


I am a single mom to a seven month old. I have been staying home with him but now find that I need to start generating my own money.

I have a degree in Graphic Design just acquired in February last year and am a mural artist as well. I have been toying with the idea of starting a design business and/or mural painting business. I don’t have any money to really do any kind of major startup, besides registering the business, but these seem like ideas that wouldn’t take any major investment.

I have a website for my portfolio which needs some polish, but it’s a start. I still am not sure if I should do the graphic design, mural painting, both, maybe just create a website to maintain that I can somehow get traffic to. I don’t know what would be most lucrative and most efficient in time managment. Any suggestions on how to decide, or getting started are appreciated.

Kia25 asked:


I am starting my own home-based business. I hope I can expand it outside of the home in a couple of years, but until then I just need to know how to start it. Like tax wise how do I go about registering and do I have to get a Tax id?

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?

Pat Gage asked:


 
Would you buy that equipment your business desperately needs?

Would you hire that assistant so you wouldn’t have to work 70+ hours a week and on weekends?

Would you pay off some bills? Taxes perhaps?

Would you launch an advertising campaign to bring in more customers or clients?

Would you buy residential or commercial property?

Is the lack of small business credit holding you back from growing your business or perhaps the thought of even starting a new business?

What would you do with an extra 30, 50, $100,000 in your bank account right now or the availability of a line of credit?

While you may think this is an impossible dream, the reality of having a business credit line may be much closer than you think. The key to having this kind of extra money ready to spend for your business is in knowing the secrets to be able to acquire business credit.

Securing business credit can seem daunting when you are first starting on this path, but with a few small steps, and a little patience, you will be able to secure the credit you need to get your business where you would like it to be.

The first thing you need to do is make sure your business has it’s own credit. Often when people start businesses, they don’t realize the business credit is tied to their personal credit.

It’s time to do a credit check on your business. Pull your business’ Dun & Bradstreet Credit Profile and see what it says. Don’t have a D&B Credit Profile? This is not going to help your business establish it’s own credit.

As you build credit for business, you will suddenly find a new world is open to you. Instead of having to take out complete loans for each purchase you want to make, you will instead be able to secure a business line of credit. This means you will have money, ready to go, when you need it, but don’t have to use it (or pay interest on it) until that time comes. This is the way large businesses work, why shouldn’t you be using their business credit line tricks?

While you may be thinking you can get the same thing by having a personal credit card, you’d be wrong. Unlike a personal credit card, a business line of credit, whether through a bank, or credit card company (such as the Open American Express card), will be giving perks for being a business account. Some of those perks can include convenience checks. Sure, you’ve seen those with your personal credit card, but when you use ’cash advance checks’ with your card, it will cost a fortune. Business accounts often come with ‘convenience checks’ that do not come with the same penalty fees and charges for usage.

While these two tips may seem relatively simple and basic, establishing your own business credit, and a business line of credit can help you take major strides towards starting or growing your dream business.

Pat Gage, The Opportunity Creator, and a leading expert in the field of business credit has helped a number of clients target his specialty, starting, expanding, and growing their businesses through his trademarked 10 Steps to Money System. The Opportunity Creator is not only a sought after business credit coach but also a national speaker. For more information on any topic discussed, visit Gage’s site at http://www.10stepstomoney.com

This 10 step system is being used all over the country: Alabama (AL), Alaska (AK), Arizona (AZ), Arkansas (AR), California (CA), Colorado (CO), Connecticut (CT), Delaware (DE), Florida (FL), Georgia (GA), Hawaii (HI), Idaho (ID), Illinois (IL), Indiana (IN), Iowa (IA), Kansas (KS), Kentucky (KY), Louisiana (LA), Maine (ME), Maryland (MD), Massachusetts (MA), Michigan(MI), Minnesota (MN), Mississippi (MS), Missouri (MO), Montana (MT), Nebraska (NE), Nevada (NV), New Hampshire (NH), New Jersey (NJ), New Mexico (NM), New York (NY), North Carolina (NC), North Dakota (ND), Ohio (OH), Oklahoma (OK), Oregon (OR), Pennsylvania (PA), Rhode Island (RI), South Carolina (SC), South Dakota (SD), Tennessee (TN), Texas (TX), Utah (UT), Vermont (VT), Virginia (VA) , Washington (WA), West Virginia (WV), Wisconsin (WI), Wyoming (WY) Major Metro Areas: Albuquerque, Atlanta, Austin, Baltimore, Boston, Charlotte, Chicago, Chico, Cincinnati, Cleveland, Columbus, Dallas, Fort Worth, Denver, Bolder, Detroit, Ft Lauderdale, Palm Beach, Hartford, Houston, Indianapolis, Jacksonville, Kansas City, Las Vegas, Little Rock, Long Island, Los Angeles, Memphis, Miami, Milwaukee, Minneapolis, St Paul, Monterey, Nashville, New Haven, New York, Oakland, East Bay, Oklahoma City, Orange County, Orlando, Philadelphia, Phoenix, Pittsburgh, Portland, Puerto Rico, Raleigh-Durham, Reno, Tahoe, Rochester, Sacramento, Salt Lake City, San Francisco, San Jose, Silicon Valley, Santa Fe, Seattle, Spokane, Springfield, St. Louis, Tampa, Toronto, Tucson, Washington DC

Henry T asked:


I’m interested in starting my own business, but I’m quite stumped on the types of businesses I could start up. I like to be practical and I also have a lot of technical skills. I don’t mind risk/danger.

Does anyone have any ideas, or know where to look for ideas?

thoufic r asked:


I am 21 years old. I have a ambition of starting my own business. To take a first step into business world, i would like to start something small. But, i am looking for more ideas so that i can choose best out of it. So, i just need your help. Do you have any idea on what business i should go on with?

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?