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Business Answers

Over 60% of small businesses fail due to a lack of planning and execution of a business plan.?
Q. Over 60% of small businesses fail due to a lack of planning and execution of a business plan. When businesses are so small it is rare to have an HR manager, because of that training and follow-up is non-existent. Who would be accountable and how could management implement a training routine to make it beneficial and cost effective?
Asked by babydollof4kids - Sat Sep 29 11:11:36 2007 - Small Business - 3 Answers - 3 Comments

A. If you're only really asking about training, then it would depend on the size of the business. If there's only about 1 - 10 people, then it would usually be the duty of the owner to train new staff, as he or she would be the person with the most interest in ensuring that everyone knows what they are doing. If you go into 10 - 30 or so staff, you'd probably have an operational or production manager who should take care of training. Most businesses don't fail because of inadequate training though. As you pointed out, it's more about lack of planning. I ran my own small businesses for a few years, and I made sure to only hire people that didn't need any training! Is your concern that businesses fail because of no proper training programs?
Answered by Jger - Sat Sep 29 11:32:40 2007

What business classes do you generally take the 3rd and 4th year of your BA?
Q. Im currently going to a 2 year school, getting my Business associates degree with a transfer option, and plan on going to a 4 year school to get my BA, and eventually my MBA. Im taking basic economics, accounting, and business managment classes right now, along with other core english and math classes, but what should i expect on my 3rd and 4th year? What types of classes? I know business classes obviously, but what specifically?
Asked by Mike - Tue Aug 26 22:04:19 2008 - Higher Education (University +) - 2 Answers - Comments

A. Business programs will have you take classes in all functional areas, including marketing, finance, HR, IT, etc. Additionally most school's will have you take some sort of strategic management course as your capstone class. Those are just the general business requirements. You will then take in-depth coursework within your concentration area. For example, if you are an accounting emphasis business major, you will take anywhere from 6-8 upper division accounting classes. Finally, there may be elective business coursework you are also required to do such as in international business, entrepreneurshi p, or such. You're also strongly advised to do an internship (credit awarded) in your area so you can build real experience.
Answered by iSpeakTheTruth - Tue Aug 26 22:56:04 2008

What is a business that can not be enhanced by the internet called?
Q. I am doing a research paper in which I am going to discuss E-commerce and internet businesses versus anti-internet businesses only that is not a real word. So please DON'T give me an obvious and idiotic answer like "business." I am looking for businesses that do/can not use the internet to greatly benefit themselves. thank you!! thank you, after doing some work i remembered brick-AND-MORTA R businesses.
Asked by Bleach - Tue Feb 24 20:43:10 2009 - Corporations - 1 Answers - Comments

A. You may need to separate "Internet" and "E-Commerce" into distinctly different roles. Every business on the planet would benefit from an "Internet" presence, because of the potential mass exposure. The internet allows a business a space to educate its ideal consumer about the companies product and service. The whole point of being in business is to make and keep customers...so being exposed to as many potential customers as possible, is a massive advantage upgrade. E-Commerce...I think this is where you are trying to identify a company which would not benefit from "Purchase" transactions over the internet...and again...as I sit here I am having difficulty thinking how this would not benefit any… [cont.]
Answered by Doran P - Tue Feb 24 20:57:17 2009

What business structure is best if i want to start a web design business and market prodcuts online?
Q. I want to start a web design business and marketing products online. I would be selling digital products internationally and designing web sites for companies and individuals. What kind of business structure (sole proprietorship, incorporated... etc) would suit both business? Which one would protect me the most?
Asked by GRaz - Sat Sep 25 13:13:08 2010 - Small Business - 1 Answers - 1 Comments

A. If you are looking for protetction you will need to set up a corporation. This is basically a seperate legal entity which files its own taxes and can sue or be sued by other individuals or corporations. A corporation does add cost: initial set up, you will need a corporate address (usually not a PO box), annual record keeping, reporting, and taxes. When done correctly it will protect your personal assets from being taken in the event the corporation is sucessfully sued. A word of caution in setting the corporation up. There are process and procedures you need to adhere to to ensure your assets are properly protected behind the corporation. These include (but are not limited to) personal guarantees, maintaining your minutes book, bylaws,… [cont.]
Answered by TekCraze - Mon Sep 27 22:25:15 2010

What is the best way to transfer my small business to my son?
Q. I want to give my son my business without charging him any upfront money. I would like to pull a small income from the business each month as a retirement. I dont want a share in the business just a guaranteed payment each month. I have been in business since 1983 and have annual average revenue of $225,000. My son has been working with me now for the past 8 years and has shown great leadership skills. I am concerned about things like tax ramifications of not handling this properly. Our business isnt incorporated instead it is a sole proprietorship. Would it be better to incorporate and retain a share of the business while giving my son the majority? Also I have a house for sale currently but it is pre foreslosure. I have a buyer… [cont.]
Asked by johndmershon - Thu Jul 19 18:32:28 2007 - Small Business - 2 Answers - Comments

A. If you own a small business, then you should at some point have had to consult with a CPA and a small business attorney...this should be best handled by your attorney. If you don't have one, try calling around to see if you can get one recommended to you. Someone who handles real estate or retirement issues might be able to help as well. As with anything, if the company doesn't make any money, your 'guaranteed monthly retirement' won't always be there, so some of this rests on the fact that you believe the business will be successful enough under his command. There are never any guarantees...
Answered by reddevilbloodymary - Thu Jul 19 21:32:49 2007

How can i start a business if i am not sure of my passions?
Q. I've done alot of research on starting a business. I am a college sophmore-havent picked a major yet but i'll probably go with business and photography. My interests are business, photography, web design, photoshop, traveling and languages (spanish and italian) When people say base your business ideas on you passions--mine are a little too complicated for starting a small business. Any Ideas? Thanks!
Asked by jade_pisces - Sat Jun 27 20:00:24 2009 - Small Business - 5 Answers - Comments

A. I'm helping a friend with his expanding company and am looking for 2 or 3 people right now who are ambitious and teachable. Your background is impressive but I make no promises or offers. If your really interested in business ownership and would like to find out more contact me for an interview... Call toll free 1-866-676-8366
Answered by 100k - Mon Jun 29 13:36:17 2009

business?!?
Q. well am thinking about starting my on business any ideas on how i can get started and wat should my business be
Asked by JJ - Tue Jun 3 16:24:55 2008 - Small Business - 3 Answers - 1 Comments

A. you've got it back to front. First you look for a niche in the market that needs to be addressed or you note a shortage of demand. If you are not addressing these keep your money in your pocket. Business opportunities come from hobbies expanded, new technology (e.g. become the Blue Ray expert), niche markets e.g. something a cultural group wants or needs, changes in law create opportunities for experts to emerge, changes in demographics e,g, more children in the area. Look around. Ask people around you. How to start will depend on the idea - some businesses start part time until they get enough customers to move on - some start as web based businesses and others just have to bite the bullet and go bigtime. Whatever you do please do a… [cont.]
Answered by ASBC - Tue Jun 3 18:02:51 2008

What business books should every business student read?
Q. I am a Business Administration student at the University of Oregon and want to start reading more than just my course books. I have read some classics like "The Art of War" by Sun Tzu and more recent business books like "The Little Red Book of Selling" and "Good to Great." What are some other books that every business student should read before going into the real world. Thanks.
Asked by BailzDawg - Tue Apr 5 00:20:05 2011 - Small Business - 2 Answers - Comments

A. Rich Dad, Poor Dad and The Millionaire Next Door
Answered by DCK2003 - Tue Apr 5 02:28:47 2011

Why is big business considered evil by the left but big government is considered wonderful?
Q. Big business produces a product, creates job and creates wealth. Big government creates large inefficient agencies, gobbles up wealth, creates waste and is corrupt. Big business needs to be watched and when found corrupt the corrupt need to go to jail. Small business is just as corrupt as big business. It just doesn't make the national news. So why is big business demonized by the left but big government loved? Our founding fathers didn't trust government at all so why does the left love it?
Asked by Lonesome Polecat - Fri Mar 12 10:08:38 2010 - Government - 10 Answers - Comments

A. I am truly hoping you get some decent answers to this question that can lend some logic to that position. It reeks of cognitive dissonance to me and always has.
Answered by Will work for Cash - Fri Mar 12 10:11:20 2010

How to write a business proposal for selling a at home business?
Q. I have my own wedding and event planning business and I am interested in selling in it. I really want to know the format of a business proposal for selling a business and I would really like to see an example of a business proposal for selling a business (comes with existing advertising and a website). I want a sample so that I can get an idea. Please do not tell me tips. I really would like to see a sample of a proposal for selling a business.
Asked by Austinite - Fri Dec 5 12:54:51 2008 - Small Business - 1 Answers - 2 Comments

A. You can't post a Proposal for Sale of Business here. It is a comprehensive document similar to a business plan with dozens to hundreds of pages. Contact a broker like VR Business Brokers and see if you can get help. Yours is a unique business driven by personal contacts and is not easily sold.
Answered by GETaLIFE - Fri Dec 5 23:52:56 2008

What is a great business to venture into in Malaysia?
Q. I am looking to venture into a business that is long term, tangible, and with a business model that is not too costly. As far as location goes, where would be the best city in Malaysia to operate the business? Will it be hard to apply and obtain a business license? What is the business tax rate? Is there a minimum wage to pay an employee in Malaysia?
Asked by hewgnew_342634 - Tue Jul 7 10:54:46 2009 - Malaysia - 3 Answers - Comments

A. First of all, can I know from which country you are? Beside that if you really interested to do business in Malaysia you are welcome. I'm looking for a partner to expend my business. Our company dealing with State Government in Malaysia. If you are really keen on doing the business in Malaysia here is some of the site you need to know before you go a head to do business in Malaysia. Once you really understanding about Malaysia either business or invest in Malaysia, than I will guide and explain you face to face on what you already read. Furthermore maybe in some of the information are not up date you can give a call or there will be a email contact officer for you to contact. Please give me you contact where can I communicate with you.… [cont.]
Answered by nor aini - Tue Jul 7 14:37:29 2009

What kind of business license do I need for an internet business or ebay business?
Q. I am planning a business. I will start out with baskets for new babies and if all goes well I will make the extra investment for wedding baskets, and then so on and forth. By baskets I mean gift baskets. I have researched local business license, but I am not sure if a local business is the right way to go, so I am thinking internet or Ebay. What kind of license do you need for these types of businesses.
Asked by The Invisible Woman - Thu May 10 12:42:14 2007 - Small Business - 5 Answers - 3 Comments

A. The requirements vary according to your state. Call the business license office for your county and just ask them if you need a business license to operate an internet store. I live in Georgia, and in my county, you do.
Answered by Diaper Cakewalk - Fri May 11 00:39:33 2007

How does a business collect from a customer that has filed bankruptcy?
Q. Have a small business and have a customer that has run up a debt and their company is now filing bankruptcy. How does a business go about collecting from the business. We are a small business also there has to be laws to help protect us also. Need some advice on how to legally go about being paid as a creditor. Also if a business says they are filing bankruptcy is it public record and what sites show this record.
Asked by Gina G - Tue Oct 14 19:34:59 2008 - Other - Business & Finance - 1 Answers - Comments

A. Are you asking the same question or was my answer deleted? you cant collect once bankruptcy is filed.
Answered by Jane M - Thu Oct 16 15:53:51 2008

Could a business career be attainable with a philosophy or politics major and a business minor?
Q. I'm currently an undergrad at a liberal arts school. I'm planning on majoring in either politics or philosophy, and a minor in business. After i get my degree, would i be capable of getting hired or nonetheless get an interview with a firm or bank. Also, could a business internship help the situation?
Asked by Vinny the Chin - Thu Dec 10 17:45:15 2009 - Higher Education (University +) - 1 Answers - Comments

A. A business internship would definitely help. May I suggest majoring in business if that major is available, in which case you could minor in politics or philosophy. As you can take additional politics or philosophy courses as electives in addition to those required for a minor, you could still get a good education in one of those subjects. If a major in business is not available, I would suggest that you take as electives any additional available business courses which are not required for the minor. I would also suggest taking additional business courses during the summer at the most prestigious university possible during any summer in which you do not have an internship. Some of the most prestigious universities in the country, including… [cont.]
Answered by ownpool - Thu Dec 10 18:10:50 2009

How would you promote a neighborhood business?
Q. I'm trying to create a personal business and I have business cards and have made flyers for my business. It is pet sitting and many other things. Someone else beat me to the pet sitting, but I still want to practice my other businesses. I have made prices and have references, but nobody is calling. I haven't put up the flyers yet, because I don't know where to put them! I also have a babysitting business too. What kind of other promoting should I do, and any other ideas for different businesses? I don't want to do any online surveys.
Asked by Lauryn - Wed Jun 2 13:12:10 2010 - Other - Advertising & Marketing - 3 Answers - Comments

A. Hey Lauryn, for starters, you can send out a "Grand Opening" email to all your contacts so they're aware of your business and start getting your flyers and any other marketing materials distributed throughout your local community. Below is a list of places to get you started. The key is to be consistent in getting as much information out there as you can so make sure you have your marketing materials with you whereever you go leaving a "paper trail" behind. Once you start building up a clientele, you'll be able to work on referrals as well. You'll eventually want to expand on this but you first want to start with the basics. HTH
Answered by Laura - Wed Jun 2 13:30:10 2010

how to start a business networking with different vendors.I would like to connect these vendors to a business?
Q. I plan to work as a business person who finds different vendors for this business. Is this profitable? Is this a good plan?Do I meet first with the business with my idea, or do I start with the vendors first , or do I start my own webpage and have the vendors as part of that first?
Asked by debra l - Thu May 29 01:10:13 2008 - Small Business - 1 Answers - Comments

A. hello, if you have customer , we can be your good supplier. you can visit our homepage www hbdetrade doc com . thanks
Answered by Sunry - Thu May 29 01:28:08 2008

business projector versus a home theater projector? Is there that much of a difference in black levels?
Q. I am budgeting about 500-600 for the project and about 100 for the screen. I can afford a 2000 projector. A View Sonic PJ506D SVGA (800x600) 4:3/16:9 2000 lumens business projector is going for 500 with a mail free screen and mount offer. An In Focus In72 WVGA (852x480) 900 lumens home theater projector is going for about the same refurbished with no extras. I have read that I really should get a home theater projector rather than a business projector like the 506D, but the lumens scares me. I am projecting on an 80"screen with blinds and curtains closed. no lights. still some ambient light. Which will be better. I am going to use it the a really nice DVD player, Wii and Home theater PC. No interest in HD DVDs for atleast 3-4 years… [cont.]
Asked by bjmarchini - Thu Aug 23 18:02:38 2007 - Home Theater - 2 Answers - Comments

A. I am confuse with your question. Are you saying you can afford a $2000 projector or can't afford? Try using a home theater projector if you can. The bussiness projectors are not meant for movies. They are meant for slide shows and a small movie clip. Now you can get a decent Epson projector that is around $3500 Canadian dollars with a $300 rebate right now. I believe the model is the Epson 1080. Epson makes a decent projector. Ofcourse you can opt to get the cheaper projector. I have personally seen the Epson 1080 and it does a great job on the big screen. There are also some decent screen around. I think you should provision more for your screen though. Try to think $1000 for a screen. They a decent Draper screen would serve you well. On… [cont.]
Answered by flip_can - Thu Aug 23 20:27:58 2007

What business is it of the Mayor of New York to be investigating gun sales in Arizona?
Q. We Arizonians are getting pretty damn sick of a bunch of liberal jackasses trying to run our business here in Arizona. Has Bloomberg forgot he has nothing but a crime ridden slum to take care of. He has absolutely no business investigating here. Its none of his damn business or do you think it is?
Asked by Michael Gentry - Mon Jan 31 21:44:42 2011 - Other - Politics & Government - 7 Answers - Comments

A. Guns purchased in one state can be transported to another state. In fact, Arizona is one of the top sources of guns that are used in crimes all over the US, not to mention Mexico as well. It is absolutely his business to step in and force a state to enforce the law so that there is less crime in his city.
Answered by gomanyes - Mon Jan 31 21:55:10 2011

Is it possible to build business credit with a small home-based business?
Q. I have a small e-business, and I would like to know if it's possible to build a significantly high level business credit score? Also, can you build a business using business credit?
Asked by mrcharlie69 - Mon May 5 13:28:28 2008 - Small Business - 5 Answers - 2 Comments

A. You can absolutely business business credit with a home-based business. www.thexbanker. com is a good source. I don't understand your second question. Can you clarify?
Answered by Beancounter - Mon May 5 13:34:02 2008

What makes business school so important?
Q. What makes business school so important? I know a ton of small business owners that never went to business school and some that have. When I ask them whether or not I should take business classes before opening my own business they just tell me that I should pick up "Small Business for Dummies", read that and then I'll be set. They've told me that that book is just as good as any business school and cheaper. What are your opinions?
Asked by Skibs - Wed Mar 30 13:31:04 2011 - Higher Education (University +) - 1 Answers - Comments

A. You don't need a four-year degree to start a business, but it's very helpful to get the right counseling and some classes could help a lot. In the USA, the federal SCORE office has free counseling and the website is: Also, check into college classes specific to business people where you can just learn what you need. You could take online classes and do business school that way if you want to as you have your business. Business school can help you think bigger and do the corporate world of big business. One thing -- in life, it's important to know God and get your prayers. Knowing God can transform your life. When you know God, your spiritual Father, then pray about your life, God can help you live a better life. As God is love, life is… [cont.]
Answered by lovejesus - Wed Mar 30 14:50:26 2011

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