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15y ago

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Continue Learning about Economics

How much does it cost to own a small business?

Canno't really say. Depending on what business it is, how much insurance you have to pay, how much are your suppliers selling you their products.


Do you anticipate any conflict between your desire to be profitable and your desire to pay a living wage?

There should never be any conflict in this area. If you cannot make a profit and pay your emploees a decent wage, then you must put in more hours yourself, or re-formulate your business plan.


What kind of pay plan would call for a distribution of pay based on an appraisal of a workers performance?

Merit Pay Plan


How much do people get paid by owning their own business?

That entirely depends on how successful the business is. In the first years of most businesses the owners usually don't manage to get much pay. Later, the rewards may be high.


How much does it cost to invest in commercial real estate?

The cost to invest in commercial real estate can be as low as $500 or can be as high as $100,000. The amount someone wants to invest is entirely up to that persons. Of course, it depends on what you mean by investing. If you want to buy property and improve it for resale you need enough to make a down payment, pay the closing costs, pay for the improvements and then pay the mortgage until the property is sold. There is no single answer to your question. It depends on the location, the condition of the property and what you plan to do with it. If you plan to keep the property you need enough money in reserve to pay your starting costs and expenses until your business takes off and can support itself.

Related Questions

Write a letter to bank asking for loan for your business?

You can write a letter to the bank by outlining your business plan. You need to tell them how much you would like, why they should lend it to you and when you anticipate being able to pay them back.


What percentage of a business should a person get if he has the idea does the research does the business plan and prepares the business to open?

it really depends on who is financing it. and that percentage should have been determined when you asked someone to help you pay for and start up your business.


How much should a business development person be allowed to spend on entrtainment and sales and marketing?

It really depends on the business and how much it is worth. If the business is worth $500,000 then they are going to spend less on advertising than a 6.2 billion dollar business. There is not a set amount that you should pay, its depends on what the business does and how much it is worth.


Are used car loans usually hard to pay off?

It depends on how much the car costs, your down payment, and how much you are making. If you have a good plan to pay it off, it should not be too difficult.


How much should a business owner pay themselves?

i am a business owner for over 11 years I take whatever the government leaves me after they tax me to death


What will your business do?

my business is my business, i should not have to pay taxes for anything at all right?


what is a business travel agency that can help me plan a cheap business conference?

safeline is a very good business travel agency that can help/provide many different opportunity's for you and you wont have to pay near as much. It is very trusted and a good source


What part of a monthly business plan helps a business owner know whether or not the business will be able to pay its bills?

The most critical part of the business plan for knowing if you can cover the bills is the cashflow statement. If you don't keep an official cashflow statement, your monthly business snapshot should show your cash on hand, short term receivables so you know how much cash you can expect to receive over the next 30 days and short term payables so you know how much outgoing cash you'll have in the next 30 days. Cashflow is the most important measurement to stay in business.


How much do businesses pay for answering services?

This depends on the size of the business and the technical requirements of the answering service. An international business would pay much more than a small business.


How much is the internet on the blackberry pay as you go?

No call plan or internet plan you get with Pay as you go. If you need then you need phone with contract deals.


Why are banks concerned about how a business plan is written?

Your business plan shows the bank that your business is worth investing in. Banks won't loan money to anyone; your plan provides assurance that the money will be put to good use, and you will actually pay it back. The business plan also shows, what approach to take towards your business. If the plan is just no where near organized, there are a lot of mistakes, and the flow of the narrative is just all wrong, no one will think you take your business seriously.


Read This Guide If You Plan To Apply For Small Business Loans?

If you need money to start a new business or to pay off some business expenses, you can obtain a small business loan. A small business loan can provide you with the money that you need. Read this guide if you are planning to apply for a small business loan. Keep in mind that obtaining government grants is difficult, but you can apply for small business loans. Many lenders, banks, and credit unions offer small business loans. The rates vary among lenders, so it is in your best interest to shop around and compare rates. When you apply for small business loans, the lenders will look at your credit history, your business plan, education, experience and the like. You must create a business plan if you intend to apply for small business loans. Your business plan has to answer the lender’s questions. Your business plan must state how much money you need to apply for, and what you are going to do with the funds. If you need money to hire employees, for advertising purposes, to purchase real estate or equipment, or pay off your business expenses, you must state that in your business plan. Your business plan must also inform lenders when you plan to repay the loan. You will have to convince the lenders that you will have the means to pay the money back with the revenue that you will receive from your business. If the lenders do not approve your applications, don’t give up. Find out why they did not approve you. If they did not approve you because your credit rating is poor, you should improve your credit and apply again at a later time or apply with a cosigner. You can find many lenders online, so search the internet. If your applications were not approved, you may find another lender that will approve your application and provide you with the cash that you need. Good luck!