Small Business and Entrepreneurship

It is unknown exactly how much 19-year-old David Carter, founder of Corporate Group, is worth.

A look at their site shows some impressive clients, and press articles indicate a turnover of £1.2 Million. He is reported to own the company 100% if that's correct he could possibly be worth millions.

Depends on where you are. Labor costs are going to vary by region.

"Yes, offsite backup is suggested for businesses of all sizes. It is important to backup your data regularly in the event of a catastrophe. Offsite backup solutions are available from a variety of sources and prices."

Small Business Customer Relationship Management (CRM) allows you to manage customer relationships. You can easily compile information on your customers and generate lists.

"No. You need a company that offers business loans for a business, not a company that offers small loans or home loans, because of all the legal paperwork you need to fill out, and different interest rates."

"It would really depend on the type of small business. If your employees are spread far enough apart that it will be cost prohibitive to meet in person, a webinar is a great way to keep meeting costs down. However, if you are all located in the same city or same office, it might be best to meet in person."

What is Cloud PBX ?

Cloud PBX is also called as virtual PBX or hosted PBX (private branch exchange) is a telephone exchange system built, delivered and managed by third party service provider which is accessed and executed through internet which is IP based telephony solution.

Yes. A large corporation has a larger net gain than a small business. With a overhead often times larger than it's profit the first half of the year, having to pay any more money on anything at all can hurt it. Minimum wage will have little effect on mcdonnalds but a fairly large one on the hole-in-the-wall you love. And since after a certain point, minimum wage just becomes a relative figure, it's raise will only Hirt the consumer who makes more than minimum wage. For a deeper answer look it up on other websites such as IRS.gov

Depends on the business and demand.

You will be unable to secure credit due to cost over-runs or unforeseen bumps in the road. It's always good to have a solid business plan.

There is a high amount of risk in starting your own small business. The majority of businesses started fail within the first year. When starting a business you are risking either your capital or someone capital which could hurt you financially.

"Small business printers can be purchased at retail stores such as Office Max, Office Depot, Staples, Best Buy, and Target. These printers can also be purchased online through sites such as Amazon."

I believe the first tip would be to plan ahead as much as possible. The more planned out your idea is the better off you'll be. Meet with a financial advisor and speak to other small business owners too.

There are many home based business campaign management sites. Microsoft would be a top contender as they are embedded in the business world and are reliable and accredited.

Running a small business can vary widely in cost. You will have to take into account the cost of rent, utilites, equipment to make your product, advertising or marketing and the cost of a lawyer to make sure you have everything done legally. If you opt for outside funding, you will also need to take into account the cost of interest on loans which can vary depending on your credit score.

Business insurance for a business based in a home is not a legal necessity. It is, however, highly recommended, as a business of any sort is a liability as well as an asset. You will be held responsible for your own business's needs. Insurance is an important fallback if you are robbed, sued, or default on a loan, etc.

Both a small business and corporation are companies that employ people and operate as businesses. A corporation is often considered to be a large business but there is no standard definition when a business is 'small', 'medium' or 'large'.

Typical definitions for small, medium and large businesses are done by the number of employees

1-100: Small

100-1000: Medium

1000+ : Large

Businesses with less than 10 people are sometimes called 'micro' businesses or 'SoHo' businesses ('Small Office-Home Office')

Corporations often consist of a group of companies, rather than just a single company, so that is an alternative distinction.

Companies can grow into corporations but the process can reverse when corporations become too large and start to decline (see linked reference)

staff training is important because it gives them the required skills to work in the buisness such as macdonalds workers they are specially trained to have a good sales attitude towards customers

Risk bearing.

1. Get supplies (lemons, juicer, water, sugar, place to work, parent permission)

2. Make the lemonade

3. Find your packages and container size to put them in

4. Think of a price you would want to sell, or pitcher size

5. Get employees (neighbors, friends, family) to run and advertise for the business

6. Set up work place

7. When done, just divvy up the profits, keeping in mind you'll have to put some money aside for more supplies

traits which are primary

advertisement is to just attract people .. about their commodities.

every business should need a proper plan for running a successful business.If plan is not good business will be failed.for making a proper plan we have to work upon the following point.

1- analyze the business resources.

2- what is the business is all about.

3- who is the main customer.

4- make proper research.

5- segment the market as per the business requirement.

6 -try to retain the customer.

7- provide before and after services.

8-make sure that product has a good quality.

9-proper advertisement should be done.

10- try to work upon its weak area.

One reason may be the difficulty facing sole proprietorships in raising capital to expand and grow their operations.