Mikelo asked: I need assistance to get my questions answered regarding starting a retail business:
1. Which retail business would be best to start and why: a) Specialty retail business or b) Mail order business?
2. Which type of business is more predictable and does not change often: Specialty retail or mail order?
3. Many people say that PASSION is important when it comes to starting a business because the owner will have to work long hour to make his or her business a success. I agree with that but can you explain to me why there are many people out there who started their successful businesses outside their PASSION?
4. How can I choose products and services to sell that fit my personality and are part of my values?
5. I took a Myers-Briggs personality test and the result of the test shows that my personality type is an ISFJ (Introverted, Sensing, Feeling, Judging). Would someone like me who possess this personality type can become successful in operating his or her retail business?
Randall
Small Business Briggs Personality Test, Myers Briggs Personality, Myers Briggs Personality Test
jane asked: I co-founded a start-up. Business plan is in the work. I still need to work on the financial section. I know I should have a CFO work on it. But I don’t have $$ to pay/hire a CFO. So I get to wear the finance hat too among other roles. Do you know of free finance spreadsheet templates I could download to use? Need to finish biz plan to show potential investors. Can’t show current biz plan as is without figures. Biz plan doesn’t mean anything to investors without 3 year financial planning such as revenue projection, dev’t cost projection, marketing budget projection, potential # of people for hire, other related finance figures of interest to potential investor. Tks for your help in advance!
Brian
Small Business Budget Projection, People, Revenue Projection
The Invisible Woman asked: 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.
Allen
Small Business Gift Baskets, Investment, Types Of Businesses
italia4ever asked: Say I got a bank to finance my business, the product which I sold ended up being a failure on the market and now the banks don’t want to finance my business. What could I do to convince them to help me finance for my new product?
Pearl
Small Business Banks, Business Product, New Product
Brian_Urlacher_54 asked:
What are some tips on starting a business type thing in which i do odd jobs, ect. Im a 15 year old and i may talk to my friend about starting one together. How much should i charge?? What could I write on the flyers? What types of jobs should i do?? ectt… Im doing this becuz i am trying to save up for a car *getting license in august. and turning 16 in april.*
Isaak
Small Business Business Type, Odd Jobs, Starting A Business
