How to Start a Business with a Partner
- Get to know your potential partner and learn about his or her personal and professional values, ideas and goals.
- Consult a lawyer and an accountant to draw up a written partnership agreement.
- Spell out an exit plan for you and the business.
Business partners often start businesses together with little planning and few ground rules. Sooner or later, they discover the hard way that what s left unsaid or unplanned often leads to unmet expectations, anger and frustration. Partners can clash over countless things, including conflicting work ethics and financial goals, roles in the business and leadership styles. What follows is a primer on how to avoid that and set up and sustain a business partnership.
First, ask yourself: Do I really need a business partner to build a successful company? Taking on business partners should be reserved for when a partnership is critical to success say, when the prospective partner has financial resources, connections or vital skills you lack. You may be better off hiring the other person as an employee or an independent contractor.
Communication is important at every stage of a partnership, and especially so at the outset. A common mistake business partners make is jumping into business before really getting to know each other. You must be able to connect to feel comfortable expressing your opinions, ideas and expectations.
If you haven t worked together previously, test the partnership out by tackling a small project together that showcases each other s skills and requires cooperation. This is also a way to learn about each other s personality and core values.
Ideally partners professional skills should complement one another, but not overlap too much. For example, you may be detail oriented and your partner may be a big-picture thinker. Or you may be an expert in marketing and sales, while your partner prefers to stay in the backdrop poring over financials.
To gauge how well you might work together, have a chat with each other s colleagues and family members. Key questions to answer include:
- Do you and your partner share personal and professional values, ideas and goals?
- Do you trust your partner s motivations and character?
- In what areas of everyday life and business do you agree?
Other points to consider:
- What if a spouse or kid later wants to join the business?
- How will it be handled if one partner acts unethically?
- What if one partner wants to move out of the country?
Potential partners may want to consider taking a two- or three-day retreat together to go over their individual expectations for the business and partnership, one by one, and compare notes. It can help the conversation to have the partners guess each other s expectations before revealing them to each other.
Be especially careful when partnering with close friends or family members. Like many marriages, business partnerships can end in bitter divorce. Consider whether you re willing to risk hurting your relationship if the partnership falls apart.
Approach a partnership with close friends or family as you might with strangers: Thoughtfully plan and prepare for every aspect of it in advance so there s no question about how difficult situations will be handled.
A note about partnering with a spouse: Working together puts an added strain on a relationship, and couples can quickly discover there is a little too much togetherness. Those who succeed often have learned to set boundaries keep the business from dominating every aspect of their lives. For example, they may have agreed to leave the office at 5 p.m. and put all conversation about work on hold until after the kids are in bed.
Once the decision is made to start a business together, you should create a partnership agreement with help from a lawyer and an accountant. Take this step no matter who your partner is. People with strong personal connections may feel certain that their supposedly unbreakable bond will help them overcome any obstacles along the way. Big mistake. Get a written agreement.
Every agreement should address three crucial areas: compensation, exit clauses, and roles and responsibilities. Include who owns what percentage of the business, who is investing what, where the money is coming from, and how and when partners will be paid.
Typically partners set up equal ownership and each contributes 50% of the initial investment. But terms can vary greatly. For instance, one partner might contribute more money if the other partner can bring in expertise or business contacts. As the business grows and changes, adjust compensation accordingly. For example, partners may agree to work initially without compensation, and to get paid after a certain revenue target is reached. In addition, if the business partnership brings on more people or if a particular partner is putting in more or less time, building some flexibility into the contract can let you adjust payments.
The agreement should also cover how you plan to exit the business. Include clauses that spell out cases in which one partner is obliged to buy out the other s interest for instance, if one wants to quit the business. For instance, it can state that the other partner must buy him or her out for a prenegotiated percentage of the business s value.
If neither partner wants to continue the business, partners can also liquidate and divide all assets. It s also a good idea to settle on in advance how to assess the total value of the business upon dissolution. The agreement should specify who appraises the business and the methodology to use.
Outline your expectations for how you ll operate your business. Clearly delineate the roles and responsibilities of the partners based on their skills and desires. This will eliminate turf wars and clearly show employees to whom they should report.
Establish routines for daily communication. For example, agree to talk twice a day at designated times and to re-evaluate their goals on a regular basis. At least once a quarter, sit down and discuss how you envision the future of the business and what steps to take in getting there.
Addressing these issues up front will help you better focus on your business later. How you work out the details of setting up a partnership could be an indicator of how well or poorly your prospective venture will operate. Inevitably, some potential partners will realize through the process they weren t meant to be.
Related WSJ Articles and Blog Posts:
- Sample Partnership Agreement — A sample document of how to structure your partnership agreement, from Small Business Notes, a small-business resources and information provider.
- Corporate Buy-Sell Agreement — An example contract that spells out how stock can be sold or transferred, from software maker Jian.
- Creating a Partnership Agreement — A list of subjects to discuss with your partner when structuring a partnership agreement, from Nolo, a publisher of legal information for consumers and small businesses.
- Plan Ahead for Changes in Partnership Ownership — A briefing on buyout agreements for planning what will happen when a partner leaves the business, from Nolo, a publisher of legal information for consumers and small businesses.
- Plan Now to Preserve Your Partnership — A look at what you need to plan beforehand to keep your partnership successful, from Score, a nonprofit for entrepreneurship education.
- Chart: Ways to Organize Your Business — A chart of ways to organize your business, from Nolo, a publisher of legal information for consumers and small businesses.
#home business opportunities
12 In-Home Business Opportunities You Can Start From Your Laptop
Think you need a lot of complicated equipment to start a business from your home? Think again. There are actually plenty of opportunities out there for entrepreneurs to start businesses with just a laptop and maybe a couple of other simple items .
If you want to start a business from your home, but you only have a laptop to work with, here are some work from home ideas for businesses you can start right away.
Work From Home Ideas You Can Start on Your Laptop
A huge variety of business owners and professionals need help organizing and managing their day-to-day tasks. That’s why they hire virtual assistants. You can start a virtual assistant business just by setting up a website and outlining your services and prices to potential clients. Then you can help them manage things like scheduling, email, social media and more communicating with your clients via chat, Skype, email or other means.
Social Media Manager
If you want to get more specific, you can start an online business just to help various businesses start and manage their social media accounts. You can work remotely and communicate with clients about their social media activity. And you can enact specialized social media campaigns and promotions to help them grow their networks on those sites.
Skilled writers, you can offer your services to clients as a freelance copywriter. You can provide a variety of different writing services, from blog posts and product descriptions to short ad copy.
Or you can start your own blog about business or a variety of other topics. Then you can earn revenue through PPC advertising, sponsored content, affiliate promotions or even selling informational products related to your topic.
Web developers and tech savvy business owners can also offer services as a website manager. In this capacity, you’d be responsible for maintaining websites for different businesses and clients. You might also be able to help businesses set up and develop different features of their websites. You can do all the work yourself or outsource some of the day-to-day operations with services like Go Daddy Pro .
eBay or Etsy Seller
If you have physical or even digital products to sell, you can set up an eCommerce store on a number of different platforms from your laptop. eBay is one of the most popular platforms for home businesses. But you could also sign up for an account with Etsy, Amazon, or a number of other options.
Things like books, transcripts and reports all need to be translated into different languages from time to time. If you are fluent in multiple languages, you can offer your services as a translator to make content available in languages other than the one in which it was originally created.
Offering your services as an editor or proofreader is another option for a home-based business. You can have clients send you pieces of writing that you can check for errors. You can even provide suggestions for overall content improvement.
Writers who have a more long-form story or subject in mind could opt for book authorship rather than short blogs or articles. And you can even become an author from your home with just a laptop thanks to the growing popularity of ebooks. Platforms like Amazon offer the opportunity for writers to upload entire books and offer them for sale to an eager community of online readers.
Designers who create complicated pieces may require desktop computers or complicated equipment. But you can offer some simple branding packages like logo design to clients right from your laptop. You’ll need to create a website and outline your services. Then work with clients to develop designs for their brands.
If you have some expertise in any area of marketing, you can offer your skills to businesses as a consultant. You can choose a specific niche or just work with businesses in a variety of different areas of marketing. Then communicate with your clients through email, phone calls or other online communications.
Or you can share your knowledge with online consumers in another format. Whether your expertise is in business, marketing or another discipline entirely like French, history or creative writing you can create online courses within your niche and then sell them on your website or other online platforms. This option allows you to share your knowledge with more people in a shorter amount of time than if you were to just work with clients one on one.
Annie Pilon is a Senior Staff Writer for Small Business Trends, covering entrepreneur profiles, interviews, feature stories, community news and in-depth, expert-based guides. When she’s not writing she can be found on her personal blog Wattlebird. and exploring all that her home state of Michigan has to offer.
Latest Trending Business News
#hot shot business
How to Start a Hot Shot Trucking Business
If you own a small rig and are looking for a way to bring in more income, learning how to start a hot shot trucking business may be the answer.
Hot Shot Trucking
The term “hot shot trucking” is applied to truckers who drive rigs smaller than the standard semi-truck and trailer. It also refers to moving less than a truckload or LTL. Unlike hauling conventional cargo that can be scheduled regularly, hot shot cargo is often time sensitive in nature. Hot shot loads vary and will depend on the type of rig you operate. Items hauled cmay include things like a trailer full of urgently needed parts, hauling fresh flowers, or something as small as delivering one envelop for a same day delivery.
How to Start a Hot Shot Trucking Business
If you’re seriously thinking of starting a hot shot trucking business, before you buy your rig think through what type of hauling and deliveries you want to make. Another consideration will be whether or not you plan to build your own customer base as an owner operator. This takes time, and time is money when it comes to hauling loads, especially when you have truck payments to make. If you already have connections to get you started, though, you can build your hot shot trucking business into an independent and profitable venture.
The quicker route to getting your business going is to lease your services or sign on with a trucking company looking for hot shot truckers. This option not only takes the pressure off for finding loads to haul, but it also removes the responsibility of paperwork and billing from your shoulders. Typically the trucking company finds the loads to haul for a fee. Generally this arrangement puts about 75% of the freight charge into the pocket of the trucker, and the other 25% goes to the trucking company.
To sign on with a trucking company, you’ll have to get in touch with the terminal manager to learn what steps need to be taken to submit your application. To get accepted, you’ll have to pass a drug test and a DOT physical.
LTL Job Resources
If you decide you want to operate independently as an owner operator, the Internet provides resources to help truckers secure less than a load hauling jobs. This short list of resources can be used to initiate you to the world of hot shot trucking job banks, how to navigate them and to learn what they have to offer.
- FindFreightLoads.com. This site conveniently lists jobs by state, so whether you want to drive loads locally, or state-to-state, options exist. Truckers can also register and be added to the pool of available drivers.
- uShip. This site provides thousands of hot shot job possibilities. Truckers bid for the chance to haul specific loads. Registration is free and the forum boards open an avenue of communication with other hot shot truckers.
- TruckDriverJobs.co m. This resource provides all kinds of trucking opportunities including expediate, hot shot trucking and LTL.
Buying Your Truck
If you don’t already own a rig and your want to start a hot shot trucking business, it is best to buy a used truck to get started. Buying used over new will save you thousands in start up costs. Sites like TruckerToTrucker.com offer a large inventory of previously owned hot shot trucks. However, a word of caution must be extended with buying a used truck. Take the time to research manufacturers and models. Learn what’s dependable and look for a truck that can be flexible in regards to what type of load it can carry. The most common features for trucks used in hot shot trucking include:
- Dual tire
- Tandem axle
- 24,000 lb gross weight rating
Disadvantages to Hot Shot Trucking
Figuring out how to start a hot shot trucking business isn’t too hard. It’s building the business and keeping up the chaotic pace that’s difficult. Hot shot hauling is demanding, and generally doesn’t allow for breaks between pick-up and delivery because of the time sensitive nature of the cargo. This kind of schedule can take its toll on truckers physically, mentally and can create a challenging life on the home front. Before you start your hot shot trucking business, be sure your family understands the demands it will make on family life.
#starting your own business
Get my 5-day email funnel that generated $400,000 from a single launch
How To Start Your Own Business
Starting your own business is one of the most powerful ways to take control of your life and make extra money month after month. You can start with just a few hours a week. And best of all, you get to choose your hours, pick projects you find exciting, and meet interesting people. With the help of the step-by-step systems you’ll find here, you can start getting clients faster and boost your earnings when you want to.
I’ll even show you how to build enough steady income that you can quit your day job, if you want to.
I’ve covered how to make more money elsewhere on this site. Right here, I’m revealing the advanced strategies behind launching a successful business that gives you the freedom to share your skills with the world and create something people will pay you for, even when you aren’t working.
These are the same techniques I’ve spent over a decade and a million dollars refining. I’ve gathered over 1,000,000 data points while creating 15 different products that cost anywhere between the price of a latte to over $12,000… and I’ve helped over 1,000 students launch their own businesses, too.
You’ll learn the systems, strategies, and shortcuts I only dreamed of having when I started out… so you can launch faster and earn more.
Of course, all the business-building knowledge in the world isn’t very helpful unless you have the right psychological mindset and tools. That’s why I’ve invited some of the world’s leading experts on time management, productivity, and work/life balance to share their best secrets with you.
Now the #1 requested IWT topic of all time :
How to start an online business
I want to show you the truth about starting a successful online business. Unlike unscrupulous marketers whose entire business is creating ebooks about creating ebooks, I’ve spent years teaching over 100,000 readers how to live a rich life automate their finances and get out of debt. find their Dream Jobs, negotiate better salaries. and finish tasks they’ve put off for years .
Why do my students keep coming back? Why do they buy at a rate 1,235% higher than prospects? And how do I still have a refund rate much lower than the industry standard, despite a generous money-back policy? I’ll share how I do it — and how you can, too .
It’s easy to get stuck with a low-profit business that sucks your time and money. I’ll show you how to avoid the mistakes I’ve made.
Want to know exactly what’s the best kind of online business to start? I could give you a bunch of theory, principles, and a long history of the relative pros and cons of each. Or I could just tell you the answer:
When I launched my first product, I thought I had to beg people to buy it. The funny thing is, it was a $4.95 ebook.
Now, I’ve had to turn people away from $4,000+ courses, and someone even hacked into my sales page to buy a course before I opened it to the public.
What the hell? How did I go from $4.95 to successfully launching a $12,000 flagship course that people lined up to join?
I’ll reveal the critical decisions and strategies I used to get to where I am now.
If you wanted to learn how to start an online business, would you want to learn from someone who’s sold 1 or 2 products about selling products, then kept milking that cow for years… or would you want to learn from someone who’s sold over 15 different products ranging from $4.95 to $12,000 ?
When you’re the same as everyone else, you’re a commodity. And that means crummy pay, long hours, and bad customers. You do NOT want to compete against everyone in the world.
It doesn’t matter if you’re a man, a woman, a life coach, a stylist, an analytics guru, or a language tutor. Whether you’re trying to get a date or start an online business, if you’re the same as everyone, you’re doomed.
This is where the concept of ZIGGING and ZAGGING comes in. Where others zig, you zag .
I’ll show you how to stand out, so people will see that your product is unique and be happy to pay you more.
Do you have a friend who constantly asks you for advice, but then always makes excuses for not following through?
Have you ever heard this:
- “Why doesn’t she ever call me back?” (Perhaps it’s because you make yourself way too available and desperation oozes off you.)
- “I hate my job…” (yet you’ve done nothing to change it except complaining)
- “Ugh, I really need to go to the gym” (but instead, these people will continue making excuses, like how they can’t afford the $50 even though they pay that much in late fees every month)
If we’re honest, WE’RE guilty of the exact same thing. I’ve spent a decade studying and testing the best ways to stop sabotaging yourself and start following through.
Here’s the brutal truth. PASSION ISN’T ENOUGH.
You need business systems. I’m talking about repeatable, reliable, automated (or nearly automated) ways of completing key business processes. I couldn’t run I Will Teach without the systems I invented and I definitely wouldn’t have the great work/life balance I enjoy.
IWT has thousands of systems now, but if you took it all away tomorrow, all you really need are these three. I spent years perfecting them, and you can use them right away.
Afraid or launching an online business?
I struggled with the same fears for years … until I discovered the psychological breakthroughs and systems that make it easy and fun to get started.
We’ll deep dive into the 3 major FEARS around starting an online business, so you’ll know how to ignore the critics, focus on doing your very best, and be confident enough to laugh at your own failures and become successful faster.
I’ll show you how you can grow an online business with a tiny email list — or even without a website at all.
You don’t have to have a huge email list or wait until you have 100,000 followers. You can actually start NOW. Once you find the right people, you can build a successful online business with fewer people than you’d ever thought possible .
My students will show you how they launched their online businesses and scaled them up one student even got 5-figures in just a few months, without any email list.
How top performers balance profitable businesses with free time
We all have the same number of hours in the day, but some people top performers seem to get 10x the amount of work done as the rest of us. In these case studies and interviews, you’ll understand how.
Cal is totally dominating his post-doc while maintaining a successful blog. His trick: ruthlessly optimizing his schedule and saying “No” a lot.
Tim Ferriss of the Four Hour Work Week asks me about false starts and success rates.
Erica sold her company for over $1 million at age 26. When she talks, I listen.
I want to introduce you to one of my most influential mentor, whose insights have changed my life. If you’ve ever wondered who I study and learn from, here’s your answer.
I’ve put together a step-by-step guide so you can start launching a profitable online business in your spare time. You’ll see some of my juiciest case studies, strategies, and more insights I’ve spent over $1,000,000 and thousands of hours discovering. Just sign up for my free Insider’s List below, and you’ll hear when my step-by-step program, Zero to Launch, opens for enrollment:
Learn more about Zero to Launch:
#business ideas for college students
8 Easy, Low-Cost Businesses Any College Student Can Start
Hi there, you can call me Aaron. I’m cofounder at livecube and I’m based in Greater New York City Area.
Let’s face it: summer internships aren’t the best route for all students. Some with an entrepreneurial side and a business-savvy mindset just need more—both in terms of real-life experience and dollars. For students who want a high return, low barrier to entry, freedom to be their own boss and something that will look great on an MBA application, here are nine low-cost starter businesses that college students can start.
There are only three things you need to create a food cart: a cart/kiosk, a license to sell and food to cook. Sites like GigMasters.com offer food carts for rent across the U.S. or you could set up your own table. The key is to finding a good location such as near a college campus or shopping area. Permits range depending on the location. For instance, a permit in Philadelphia is $150, while a permit for New York City is $200. Hot dogs, baked goods and tacos sell well due to low-cost supplies and minimal labor.
Avon Sales Rep
If you’re good with sales and you want to be your own boss without the added costs of starting your own business, being a sales rep for Avon is a good bet. With just $10, you’re on the way to getting things started and unlike other direct sales companies, the starter kit is included in this fee. Set your own hours, a space for yourself in your house and run your business as you please.
No one is more qualified to tutor prospective college students on the SATs than a college student who did well on it. SAT prep books cost between $20 and $30. Set aside money for advertising in your local paper and put up your own ads in public places. Set your hourly rate at a reasonable price. TestMagic charges $85 per hour while others go as high as $200 per hour.
Raymond Lei, creator of ooShirts. created his own custom T-shirt business while in college. If you’ve got a funny sense of humor or great design style, starting your own shirt company is a great venture. After you’ve drafted a few ideas, the next step is to find a printer. Depending on how many shirts you’re printing, costs can run high, but as long as the demand is even higher, you’ll continue to be profitable. Think about getting a stand at a local flea market or street festival to boost sales.
All you need to begin your own moving services is a moving truck, a valid license and some brawny friends. U-Haul trucks typically between $20 to 40 per day (plus mileage) and most movers charge about $200 to $400 for a local move. Advertise your “man with a van” service on Craigslist and on public bulletin boards. Also use the Web by posting on Facebook and Foursquare, as well as asking friends or clients to review your business on Yelp. You can also find dollies, hand-trucks, blankets, and other moving supplies on Craigslist.
Starting your own babysitting service can be easy, as long as you invest in the proper resources and become qualified. First, obtain a childcare license which can cost up to $100. You should be first aid and CPR trained, and these certificates cost about $50 (though some places, like the Red Cross, offer this for free). Advertise your service locally, or on trusted babysitter websites such as Sittercity.com and Care.com. Your best chance of success is by having a flexible schedule, such as availability on evenings and weekends. Parents will be especially impressed with students majoring in education, child psychology or art therapy.
Arts and Crafts
If you’re an artist, selling your work can be the perfect entrepreneurial venture for you. You can set up a profile on Etsy and sell your work there, as well as at arts and crafts festivals and school campuses. It might be helpful to have a website you can direct people to for photos of your work and contact information. Look at the most popular items on Etsy and at craft fairs, such as jewelry, hats, clothing and other objects. And to keep costs low, look for materials that can be repurposed (and possibly even donated by local businesses—”reclaimed” is hot these days).
Almost every small business wishes it had a better website. If you have skills and experience with HTML, WordPress, Flash or other site-building platforms (and some graphic design chops), you can freelance your work for a hefty profit. If you want a simple projects, logos can be sold for over $300 apiece. Create packages in which you offer bundled services, such as revamping a site and starting a blog for a flat fee. Build a portfolio of mock-up home pages and bring your iPad to prospect meetings to show it off.
Did you have an enterprise to raise money for college?
Image by OPEN Forum
How to start a dog walking business: 4 simple steps: Starting a business advice
#dog walking business
How to start a dog walking business: 4 simple steps
With recent figures showing that Brits spent more than £4bn on their beloved pets in 2015, you’d be barking mad to think the recession has impacted on the UK’s pet spend.
Action point: Need a loan to start a business of your own? See how we can help here and here
Marking a 10% increase on pooch spending from 2010, it’s not only large retailers benefitting, with many entrepreneurs realising there’s opportunities to be had in the pet industry.
The average dog walker now earns 20% more than the average UK salary. so it’s clearly a viable and potentially profitable business opportunity.
Of course you’ll need to have a genuine interest in dogs as well as a good knowledge of the various rules and regulations surrounding the industry – and it’s a fairly business marketplace.
However, with plenty of doting pet owners out there, finding a good niche can still present great opportunities.
Sound interesting? Then read our four simple steps to help you become top dog in the industry.
1. Experience is essential
While it’s not imperative to have a career background with animals, you should at least be confident around dogs and at the very least have experience in walking a family or friend’s pet.
The Kennel Club’s guidelines for people working with dogs advises “strong interpersonal and communication skills”, as well as “a high level of fitness” and, naturally, “an affinity with, and understanding of dogs” for anyone wishing to pursue a career with man’s best friend.
If you’re in need of experience in handling dogs, you might want to consider volunteering at your local kennels or rescue centre. They’ll often house a good range of dogs of various sizes, age and temperament, so you’ll be fit to face whatever comes your way.
Consider attending courses in animal first aid, pet medication or even animal psychology as gaining a diploma or certificate in any of these would showcase your commitment to the dog’s welfare and impress clients.
2. Remember, it’s a business
While any animal lover might feel like they’ve died and gone to doggy heaven, remind yourself that your dog walking business is just that – a business. As such, you’ll need to possess all the regular entrepreneurial skills required for founding and running a successful company.
Having a basic understanding of bookkeeping is important as you’ll need to be able to balance your own books and fill in your self-assessment tax return. Remember that this is your livelihood and not a hobby, your income should reflect this.
Similarly, a good understanding of marketing and self-promotion will be needed to get your business off the ground.
Finally, an ability to network and negotiate with both your customers and local animal industry is key. Never underestimate the potential for clients to try and negotiate price or you could find yourself working for substantially less than you might have hoped.
3. Be aware of the rules and regulations
Although there are relatively few regulations specifically targeted at dog walkers, businesses providing a service must get public liability insurance.
If this is the start-up business idea for you, be aware you may have to deal with dogs injuring other dogs or people while in your charge.
It’s vital to have the right insurance cover to deal with legal claims, should they arise.
They can help provide you with support and advice on dog walkers insurance and training, plus your membership will give your clients confidence.
To ensure you abide by key regulations, Narps suggest you should:
- Meet owners prior to the first booking
- Restrict the number of dogs walked to no more than four at a time
- Keep records of all work undertaken
- Protect clients’ personal information
All dogs in public must wear a collar with the owners name and address on it and you could be fined up to £1,000 if you fail to clean up its faeces.
While not the most exciting element of running your own business, it’s crucial you keep abreast of the latest rules and regulations to ensure you’re not jeopardising the safety of others or the reputation of your business.
4. Find a niche in the market
Given the popularity of setting up a dog walking business, it’s very probable you’ll have to find a niche to distinguish yourself from the crowd.
Above all else, carry out market research and see if there’s actually room in your area for another dog walker.
A simple google search or contacting NarpsUK will help a lot in this regard.
Consider offering pet sitting as well as dog walking. Much like babysitting, you’ll mind your client’s pets at their home while they are away, as well as feeding them and attending to any medical needs such as medication or fulfilling dietary requirements.
Having a diploma in pet medication would be advantageous in this instance as it would allow you to cater to a specific group of dogs.
Provided you are properly trained, you could also offer grooming services such as hair cutting or washing.
Offering one-to-one intense sessions with larger dogs could also widen your appeal.
Some dogs simply won’t be satisfied by a trip around the block and will require a more strenuous workout.
For more information on starting a dog walking business, take a look atour in-depth guide to help you prepare for the launch of your start-up.
Useful business start up tools
Forum post of the week
Want to run a more profitable business?
More from Startups
#t shirt business
How to start a t-shirt business in 5 basic steps
Starting a t-shirt business might seem easy and fun, but behind the scene there is a huge arsenal of strategies that one should know if prepared to launch in the business. These 5 quick steps will help you understand some of the basic aspects on how to start a t-shirt business company selling custom t-shirt designs.
How to start a t-shirt business
1. DO YOUR RESEARCH AND PLANNING
When deciding to start a business selling t-shirts, you must have some basic information about the clothing industry. You must also have a solid business plan, to ensure profit to your business. Check out successful business brands for tips on how they succeeded, they might be very helpful. You must establish your budget before deciding to go too deep into the business. You might have huge plans, but a small budget, so make sure that you have enough resources to fulfill your expectations.
2. IDENTIFY YOURSELF AS A BRAND
Establishing your brand is definitely one of the most important foundations of your business, so you have to pay a lot of attention to this chapter. Your brand represents your whole image and the way you are perceived by the customers.
Your brand must have your distinctive personality, it must be unique, like you, and a brand that has a strong personality always stands out! Think of a strong name and a tagline to encapsulate your brand in one sentence, to make the crowd know what your business is about.
You have to figure out your goals and your target market to decide what kind of t-shirt designs you will get printed.
3. CREATE YOUR GRAPHIC DESIGNS
You have to do some research on the Internet to see the latest apparel trends, what the t-shirt community asks for. Now, after you have decided what to get printed, you should find a graphic artist. In case you are not a graphic designer yourself, you can find lots of talented designers on freelance sites like www.guru.co m. www.elance.com. w ww.odesk.com or on t-shirt competition sites like DesignByHumans, Teetonic or TeeFury. You can find the style that suits you, by checking the artists past works and hire them.
If you have a lower budget, you can chose the cheapest possibility for your business: purchase royalty free vectors and create your own designs. You can find plenty to choose from here: www.tshirt-factory.com. The disadvantage is that the designs will not be unique, but you have to admit that it is much cheaper.
4. KNOW YOUR COMPETITION
You should always keep an eye on the other t-shirt design companies you’ll be competing with. You should check their designs, their pricing and promotions. You should learn from them, not copy them. If they are successful, so can you, but you have to come with fresh ideas in the same old market. Keep track of the successful ones and make sure to price your t-shirts appropriately. Consider the costs incurred in making T-shirts, such as material, printing and marketing.
5. FIND A PRINTING COMPANY AND A BLANK T-SHIRT PROVIDER
The blank t-shirts for printing must be achieved from the company that you find most appropriate. This will be your physical product, and your choice will reflect very strongly upon your brand. There are some websites that accept t-shirt designs, and they will print these for you on demand. www.Jakprint.com and www.Storenvy.com are two great printing companies.
There are plenty of different types of t-shirts, but you have to make a decision based on your kind of t-shirt designs and target market. For instance you can go for Tultex, American Apparel, Anvil, Next Level, Alstyle, Bella, Bay Island and many others. The t-shirt thickness should also be important when you chose your blank t-shirt type. The thickness ranges from 120gr to 200gr, and the ideal is 180gr.
What business to start in 2015: Starting a business advice and business ideas #business
#businesses to start
What business to start in 2015
The desire to become your own boss and work for yourself is growing and in election year the economy will inevitably be a key policy battleground, meaning small business-friendly pledges will be made.
With signs of revival and chancellor George Osborne’s recent promises of renewed business support and an extra £1bn funding for regional growth some might argue the climate for starting a business has never been better, making 2015 a great time to take the plunge.
Action point: Need a loan to start a business of your own? See how we can help here and here
This appetite for starting a business isn’t just hype; StartUp Britain reported a record 581,173 new businesses for 2014. markedly higher than 2013 and 2012, and the UK’s eco-system appears to be in good health with ONS figures showing a 6% drop in the number of British firms leaving the Companies House register.
Britain is expected to be the fastest growing G7 economy in 2015 – the IMF has predicted a 3.2% overall rise – and while London remains the start-up capital. regional start-up hubs are beginning to flourish with Manchester, Birmingham and Glasgow fast gaining reputations as top cities to start a business in .
It’s on the back of these positive indicators that we look to the coming months and the hot sectors and businesses opportunities that could prove fruitful for those looking to start a new venture. We’ve studied and assessed businesses which are gaining market traction, sought insight from leading research bodies such as Mintel, and analysed consumer trends to bring you our predictions of 14 top businesses to start in 2015.
From foods and fitness to technology, cycling, and even cafes with a twist, there’s a host of start-up prospects to suit a range of skills and backgrounds and this extends to part-time businesses that can offer supplementary income such as starting a niche social network .
With the freelance workforce now over four million strong and more firms than ever before looking to hire freelance talent, we’ve also identified opportunities for freelancers and “solopreneurs”. This includes starting up as a growth hacker ; a combination of smart marketing and tech development which is becoming increasingly sought after in the start-up world.
While several of the business opportunities listed aren’t new, the potential to innovate and target an established market with a disruptive new solution – take protein products for instance – are plentiful.
Follow the buttons above and below to find out what business you should start in 2015…
Useful business start up tools
Forum post of the week
Want to run a more profitable business?
More from Startups
How to Start a Catering Business
If you host dinner parties for your family and friends every chance you get, you’re up on food trends and you have an entrepreneurial spirit, consider starting a catering business. You have the advantage of starting small with relatively low overhead and building your business as you gain more clients. Read on for information on how to find your niche, launch your business and spread the word.
Part One of Three:
Finding Your Catering Niche Edit
Think about what food you love to make. Catering, like any other business, should be rooted in a genuine interest and passion. Consider the following types of food you could focus on as you develop your catering business:
- Lunch or brunch-style food. If you enjoy making sandwiches, quiches, tarts, salads, and other food that is generally served during the day, you might want to model your business around lunchtime service. You could cater business luncheons, daytime awards ceremonies, school functions, and so on.
- Wedding reception or special event meals. Wedding caterers typically offer a variety of appetizers and finger foods along with several hearty entrees and a few desserts.
- Desserts only. If you love baking and have a flair for making cookies and cakes, consider desserts-only catering. This may limit the types of clients who hire you, but you’ll also have less equipment to buy.
- Appetizers and cocktails. Clients are increasingly hiring caterers to create a trendy, festive atmosphere by serving only appetizers, sometimes accompanied by caterer-prepared specialty cocktails.
Can you please put wikiHow on the whitelist for your ad blocker? wikiHow relies on ad money to give you our free how-to guides. Learn how .
Create a menu. By doing this first, you can figure out how much kitchen space you’ll need, what appliances you should install and how much you can expect to bring in financially.
- Try to have a variety of items to suit different tastes. Even if you specialize in one cuisine or type of meal, make sure your menu appeals to a lot of tastes. For example, if you want to offer a lot of spicy food, have non-spicy options as well.
- Consider offering vegetarian and vegan options for clients who don’t eat meat and other animal products.
- Keep your menu to a manageable size, with food you’re comfortable cooking made with ingredients you know you can source.
Test your dishes. Once you’ve settled on a menu, have a party to test out your dishes on family and friends. Ask them for honest feedback about the entire experience – both the food and the service.
- Tweak your dishes until you’re convinced they’re delicious and crowd friendly.
- Practice makes perfect. Make sure you’ve got the techniques, cooking times, and presentation down before you launch your business.
Part Two of Three:
Securing Your Space and Supplies Edit
Find a space to rent. Even if your starting small, most local laws prohibit people from operating catering businesses from a home kitchen. Look into your jurisdiction’s health codes to find out what type of space you’ll need to rent.
- Consider operating from a commercial kitchen. Some kitchens allow people to rent the space for a day or a few hours at a time. This situation could be the right one for you if you cater only on the weekends or a few times a month.
- If catering is going to be your full-time business, you’ll probably need a more permanent storage and cooking facility. Find a place with adequate plumbing so you’ll be able to set up your cooking and catering equipment. Check with your landlord and your local zoning office to make sure you can install the proper equipment like ventilation hoods and grease traps.
- If you plan to host tastings or sell food directly from your kitchen, look for a place with a storefront that’s separate from the kitchen, and provide tables and seating for customers.
Set up your kitchen. Catering work requires industrial equipment that is usually more expensive than equipment you would use in your home kitchen. Create a budget and figure out exactly what you’ll need to run your business efficiently.
- Base your equipment purchases on your menu. For example, if many of your items are baked, install at least two ovens. If you have a lot of fried foods, opting for more than one fryer might be a good idea.
- You may want to install multiple sinks to make your prep work more efficient, especially if you plan on hiring people.
- Plan ahead for food storage, too. Multiple refrigerators and a walk-in freezer might be necessary to store dishes you prepare ahead of time. Heated and non-heated holding areas are important for holding temperature and storing prepared items.
- Obtain all the pots, pans, and other kitchen equipment you need to make the items on your menu.
Purchase the catering equipment that you will use on-site. The equipment you choose will depend on the type of service you want to provide, but at minimum you will need serving platters and serving utensils.
- Many catering businesses provide plates, silverware, glassware, or disposable plates and utensils.
- You may want to offer special display trays and tiered food platters to help make the catered event more festive.
- Make sure you have the proper equipment to keep the food either cold or hot, such as chafing dishes with liquid fuel burners.
- Consider buying linens, napkins, table decorations and centerpieces. Some catering businesses also offer tent canopies for outdoor events.
#music business degree
With special emphasis on entrepreneurship, innovation, modern media economics and strategy, the Music Business program is designed to help you take advantage of the wealth of opportunities that exist in all aspects of music, media and entertainment. Whether you want to work behind the scenes or advance your career as an artist, you’ll learn to leverage your creativity and the latest digital tools to build your enterprise and expand your independent reach.
You’ll master core music business competencies like management, accounting and booking, and you’ll hone vital interpersonal and communication skills through marketing, promotions and media relations coursework. You’ll also explore a wide range of traditional and emerging revenue sources, become versed in legal essentials, and develop the skills in digital production and social media strategy that will give you the knowledge to thrive as an independent artist and entrepreneur.
By combining a solid business foundation with creative problem-solving skills, digital fluency and an understanding of the industry, you’ll be prepared to succeed in a variety of career paths.
Ready For The Real World
As a Music Business major at McNally Smith, you’ll receive a hands-on education that prepares you for the real world. Our campus is a microcosm of the music industry, a collaborative environment where you’ll team up with performers, producers, songwriters and composers to bring real projects to market while studying key issues taken from the day’s latest news and information. You’ll also have the opportunity to make your mark at key conferences and festivals like South by Southwest (SXSW) and Pitchfork, where you’ll have insider access to up-and-coming artists and cutting-edge trends. During your time in the program, you’ll build a portfolio of work that showcases your talent and highlights your abilities. And through our Career Center and job board, you can even arrange an internship in another major music city like New York, Los Angeles or Nashville.
You’ll get a head start on your career by building your professional network while you’re still in school. And with access to guest artists and the thriving Twin Cities music and arts scene, you’ll be connected to the industry before you graduate.
Teaching For Tomorrow ℠
To succeed as a music business professional, you need a well-rounded education that prepares you for the dynamic future of music, media and commerce. That’s why our Music Business program focuses on developing your creativity while giving you the necessary technology skills to adapt and compete in the industry. You’ll also graduate equipped with the entrepreneurial concepts and business savvy you’ll need to reach your goals and establish your career.
With a comprehensive education that blends creativity, technology and entrepreneurship, you’ll be ready to make and sustain a life in music.
Your Career Path
Graduates of the Music Business program are prepared for a variety of career options, including:
- Public Relations
- Promotion and Marketing
- Tour Manager
- Sales and Distribution Representative
- Artist Manager
- Music Journalist
- Booking/Talent Agent
- Social Media Marketer
Our campus features 3 performance venues, 6 technology labs, and 11 recording studios where students learn to record, edit and mix music and audio.
There’s a lot to explore outside of class, including student organizations, free concerts, music ensembles, and the diverse music and art scene of Minneapolis-St. Paul.