“We are opening a sub shop and the city has only approved the site for 32 people. Our business plan wanted 50 or more. We already put a deposit on the space, what can we do?”
 You can contact the property manager and see how you can get out of the location or at a worse […]

This question came in asking if it costs money to get a business question answered.
And the answer is no!
Yes it could seem odd that someone is willing to help you without charging you but some of us are good people. You do not need to include any personal information if you do not want to […]

This question came in from Tristen about how to secure new business.
 And the answer is pick up the phone and make something happen!
Tristen, in the email you noted your coming from a communications company. After working with account managers from that industry I did learn that it is not a horrible business to be doing […]

This question came in from a “young entrepreneur”.
 What do I think about franchises?
Are they for me? No. Are they for you? I would say probably so without knowing more.
Franchises are great for the those that want to start a business whom are not that business savvy. Even for those that are business saavy a franchise will […]

 If you have a question about your own business or about a business in general you can submit it on the contact page and I will post a reply within 24 hours. I enjoy helping others in the business world so submit a question today, the field is wide open.
Finance                 Marketing
Strategy               Startup’s
Business Plans     Business News
IPO’s                     Funding
Recruiting            Technology
If you […]

This question came in about what kind of insurance you should get for consulting.
 That really depends on what kind of consulting but from what you wrote it looked like IT Consulting. If your in an office building most people will have a general liability policy but people neglect to think about what happens when your […]

This question came in about which state to chose to file for an LLC.
You really should consult an attorney before you make any choices but I will spill what I know. My first LLC and my first business attorney pushed for an Delaware LLC and we went that route. After buying out a partner and having […]

This question came in from Ravi about starting a rental business.
This is really a tough question given each market is so different. Right now rates are some what low so the appeal to do a rental bussiness is high since you may not have to charge as much rent to get that note paid for.
On the […]

This question came in about how much to budget for during the startup phase.
 To the emailer, you didn’t leave me much information to go on so if you can provide more I will get more in detail.
Over all depending on your product you have to look at passive and active marketing.
Active marketing such as cold […]

This question came in from James at Health Food Hut in regards to finding good investors\financing in the food industry.
James I took a quick look at your site and I don’t know if your looking for investors for working capital or in terms of people to purchase \ buy into franchises so I will offer […]

This topic came in from Budd at IValueLending.
I know many people believe we are at the bottom but I don’t think we have hit it yet. Geographically places like the Midwest outside of Chicago will continue to suffer because of lack of jobs so that is one market that will stay down for a while. […]

This question came in from Ron about what computers he should buy for his mortgage company.
To keep it simple Ron, I always keep an eye on Staples or other local office stores since they will offer low $300 computers from Compaq and like companies.
Something to think about, unless you have a specific need such as […]