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...
If you're looking to import from Mexico, you want to contact the Trade Commission of Mexico in Los Angeles (350 S. Figueroa St, Suite 296, Los Angeles, California 90071, phone # (213) 628-1220). However, that's for general information. The US doesn't require a specific importer's...
That depends entirely on what state you're in. Some states require that you incorporate, while some just require that you register with the department of state. The best thing to do is to look at Business.gov's website and search for your area to find out...
For now, I would suggest finding another potential business. While e-cigarettes are currently sold nationwide in over 4000 retail outlets, the FDA's findings show that they contain nitrosamines (which are the carcinogens found in regular cigarettes anyway) and diethylene glycol, the poisonous part of antifreeze....
That's an excellent question. While I can't speak for all such offers, especially independent ones, there are actually a lot of grants that the US government offers for minority-owned businesses. For a strong list of these, try looking at the first section here: http://bcondemand.com/government_resources.php...
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...
This is an excellent question because it applies to so many business owners that simply don’t know what business they’re in. I don’t mean to sound insulting, but take a moment to actually look at your business and ask yourself what you do. Are you...
When you say “more customers,” that implies that you have some to begin with. If that's the case, then you have the seeds of new customers already. Start giving referral bonuses to your current customers if they bring new people to your business. Let them...
That depends on what business you have, but in general it's more civicly responsible to do so. Large national chains will almost always be able to undersell local shops just because they have the buying power to keep their costs lower, but keep in mind...