Have a great business idea? Do you have a success story you want to share with the world? Even if you simply have a question, go ahead and post it here! Readers will be able to leave comments and this will become one of the most interactive, network-promoting blogs on the web. Just email you post to govambam.post@blogger.com
Any inappropriate posts will be deleted and poster will be blocked
RBT
Friday, November 13, 2009
Thursday, November 12, 2009
Legal Advice for Business Owners
I found a great website for all current or aspiring business owners. They answered any questions you have and give great legal advice. And best of all, the legal advice is absolutely free. Check it out. Here is what is probably the most common questions answered for you guys.
Do I need any licenses or permits?
Whether you need a license or permit depends upon the type of business you engage in, the location of your business, and federal, state, county, city, and local rules and ordinances. Some businesses and professions require a license from the state (for example, barbers and beauticians, doctors, lawyers, day care providers, and contractors and building trades persons). Cities and counties require permits for many business activities (such as construction or elevator operations permits). In addition, many local governments require a business license before you start your business (a license requiring payment of an annual fee or tax to do business in that city or town).
Business activities are generally highly regulated by government agencies. Many local governments have information centers for small businesses to assist with compliance to local, state and federal regulations.
Free Advice
Available at:
http://business-law.freeadvice.com/business-law/permits.htm
Secured Business Loans
A lot of you out there have great ideas that could make a lot of money. On the other hand a lot of those ideas require a lot of money to start and run in the most productive and efficient ways. I was discussing this with a buddy and he pointed me to this article.
Secured Loans for Businesses
The Wachovia Company suggests starting a business relationship with a secured financing lender before your business becomes in need of money. By building a rapport, your personal and business character will add to the probability of securing a loan. This will also show management experience on your part and will reflect on the strength of your company. Wachovia also suggests looking to family and friends first, even for a secured business loan, because of smaller or no interest rates. Secured loans for small businesses and new businesses are usually easier to receive than unsecured loans because of the fact that your assets may be sold to collect payment. Secured lending officers will look at the strength of your business and its profit profile to determine if a secured loan is right for your business. If you are confident in making secured loan payments, then your business will save money by the lower interest rates that are available through secured financing.
Secured loan decisions can be difficult to make because of the collateral involved that plays up a big risk factor. The pros and cons both of secured loans may be high for businesses. Secured business loans do offer more alternatives to customers than secured personal loans in terms of collateral. For instance, you may not need to list your personal home as an asset if you can instead include your business equipment in the promissory note. Keeping your home or personal vehicle tops number one on the list of priorities when considering your assets.
Directory M Articles
Available at:
http://articles.directorym.com/Secured_Loan-a916.html#67871
Secured Loans for Businesses
The Wachovia Company suggests starting a business relationship with a secured financing lender before your business becomes in need of money. By building a rapport, your personal and business character will add to the probability of securing a loan. This will also show management experience on your part and will reflect on the strength of your company. Wachovia also suggests looking to family and friends first, even for a secured business loan, because of smaller or no interest rates. Secured loans for small businesses and new businesses are usually easier to receive than unsecured loans because of the fact that your assets may be sold to collect payment. Secured lending officers will look at the strength of your business and its profit profile to determine if a secured loan is right for your business. If you are confident in making secured loan payments, then your business will save money by the lower interest rates that are available through secured financing.
Secured loan decisions can be difficult to make because of the collateral involved that plays up a big risk factor. The pros and cons both of secured loans may be high for businesses. Secured business loans do offer more alternatives to customers than secured personal loans in terms of collateral. For instance, you may not need to list your personal home as an asset if you can instead include your business equipment in the promissory note. Keeping your home or personal vehicle tops number one on the list of priorities when considering your assets.
Directory M Articles
Available at:
http://articles.directorym.com/Secured_Loan-a916.html#67871
Wednesday, November 11, 2009
COW! Simply Clean Beverly
http://www.simplycleanbeverly.com
The very first company of the week is my very own Simply Clean of Beverly Hills. This is a mobile car washing service that guarantees punctuality, satisfaction, and use of less than five gallons of water to wash an entire car. I founded the company about two months ago and I have already established a substantial clientele and turned my investment into profit.
I believe this was a successful company because of these three reasons: Marketing, the service provided, and timing.
Marketing
I knew that the location that I was advertising too expected high quality services. And no matter how posh my products were or even how professional my employees were. I knew that if my marketing wasn't of a higher class I wouldn't establish any customers. I spent a marginal amount of money and ordered the highest quality business cards I could find.
Then to save money and to raise awareness asap I went door to door promoting my new business and left them with a business card. I offered to wash their cars for five dollars for every customers first time with me. This got me about 200 car washes. Out of these customers over 50 have called me back on a regular basis since then ranging from once a month to once a week.
Service Provided
My service was not one of a kind, but it was one of few, and it was offered at a better-than-competitive price. I offered a "green" car wash. This is a wash that only requires 3 gallons of water and is just as effective as a traditional wash. Also we guaranteed that the car would be washed in less than 25 minutes or your money back. This was attractive to customers because a lot of our clients were busy people and relied on our convenience. We washed cars at less than 75% of our top competitors price.
Timing
In southern California a drought has been in effect for a while now. There have been many water regulations set in place and it has prevented many car owners from being able to wash their cars at home. Also the green movement is a trend that has over taken america (especially the financially ummm... "fortunate"). I knew that if I could promote the green aspect of my company that I would establish a very loyal customer base. And I was very right. Most of our consistent customers are owners of the hybrid Toyota Prius!
So far we have washed over 450 cars and our clientele is booming. This is why I have decided to name this company as our COW (company of the week). Please take this as motivation to start your own business! Now let me hear what you think guys.
Thanks for Reading!
http://www.simplycleanbeverly.com
The very first company of the week is my very own Simply Clean of Beverly Hills. This is a mobile car washing service that guarantees punctuality, satisfaction, and use of less than five gallons of water to wash an entire car. I founded the company about two months ago and I have already established a substantial clientele and turned my investment into profit.
I believe this was a successful company because of these three reasons: Marketing, the service provided, and timing.
Marketing
I knew that the location that I was advertising too expected high quality services. And no matter how posh my products were or even how professional my employees were. I knew that if my marketing wasn't of a higher class I wouldn't establish any customers. I spent a marginal amount of money and ordered the highest quality business cards I could find.
Then to save money and to raise awareness asap I went door to door promoting my new business and left them with a business card. I offered to wash their cars for five dollars for every customers first time with me. This got me about 200 car washes. Out of these customers over 50 have called me back on a regular basis since then ranging from once a month to once a week.
Service Provided
My service was not one of a kind, but it was one of few, and it was offered at a better-than-competitive price. I offered a "green" car wash. This is a wash that only requires 3 gallons of water and is just as effective as a traditional wash. Also we guaranteed that the car would be washed in less than 25 minutes or your money back. This was attractive to customers because a lot of our clients were busy people and relied on our convenience. We washed cars at less than 75% of our top competitors price.
Timing
In southern California a drought has been in effect for a while now. There have been many water regulations set in place and it has prevented many car owners from being able to wash their cars at home. Also the green movement is a trend that has over taken america (especially the financially ummm... "fortunate"). I knew that if I could promote the green aspect of my company that I would establish a very loyal customer base. And I was very right. Most of our consistent customers are owners of the hybrid Toyota Prius!
So far we have washed over 450 cars and our clientele is booming. This is why I have decided to name this company as our COW (company of the week). Please take this as motivation to start your own business! Now let me hear what you think guys.
Thanks for Reading!
http://www.simplycleanbeverly.com
First Post!
This is a blog about you. This economy has inspired many people to start their very own businesses. I myself started a successful mobile car washing service in the Beverly Hills area. I know that when I first started my company I had a hard time getting the name out and finding customers. I know there are a lot of great businesses out there that are in the same position. This is where I will make an impact.
The floor is open to my readers and I want you to advertise your company right here on my blog! There are plenty of readers who will be happy to comment on your business and help you refine your business model. Even if it is just an idea... Post it!Every week I will pick a "company of the week". If I like your company I will headline my blog with a link to your website and talk about why I think that your company will be successful. This is a learning and teaching blog. I look forward to creating a large network of experienced and beginning entrepreneurs alike.
Happy posting!
The floor is open to my readers and I want you to advertise your company right here on my blog! There are plenty of readers who will be happy to comment on your business and help you refine your business model. Even if it is just an idea... Post it!Every week I will pick a "company of the week". If I like your company I will headline my blog with a link to your website and talk about why I think that your company will be successful. This is a learning and teaching blog. I look forward to creating a large network of experienced and beginning entrepreneurs alike.
Happy posting!
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