There’s no formula for business success. No math will help you except the math on your balance sheet, so don’t look for one. There are some things that can help you, though. Sound management practices, technical support, experience in whatever industry you’re in, and the...
If you're website is reselling something directly to consumers, then the best way to value it would be membership and purchase history’s, followed by the rate of new members monthly and about a dozen others factors besides the sites ranking in the world against its...
The first thing you should do is consult an accountant or financial planner as they will be able to answer your questions in much more detail than we can here. That being said, at the very minimum, your records should show your tax returns, both federal...
First, let us recommend that you consult an expert on this, as setting price levels can be a complicated process. However, just as a basic idea, prices are based on a few major considerations. The first thing you need to consider is your direct costs (actual...
There's no way to anticipate your profits exactly before you actually make them, but there are ways to estimate them.nnThere are standards of comparison called "industry norms and ratios" that are used by businesses to figure out roughly how much a business should be making...
First, let me suggest that you work very closely with your financial adviser and accountant when making any decisions regarding the financial health of your business. That being said, what you'll need as far as start-up capital begins with equipment and building needs such as lease,...
Wages are a tricky thing, but generally they’re set on the basis of position importance and skill requirements. What you should do is consult your accountant and trade association for the most current practices in your area, as well as cost ratios and profit margins....
Taking on a partner doesn’t always make it easier to run your business and can, in fact, make it more difficult. What you should look for in a partner is somebody who compliments you, and makes up for your weaknesses with their strengths. I know...
That's not an easy question to answer. It depends on what your business is, how long you've been running it, where it is now, what the demand is, and several other factors. The advantage to leasing, of course, is that you aren't sinking as much...
There are three things any loan officer is going to want to know: what you'll use the loan for, how much you want, and how will you repay it. These three things comprise the big question "Why should we give you money?"nnBe ready with a...