Closed my 2nd location today small business |
- Closed my 2nd location today
- Looking for advice from someone who "made it" alone, with no help from family/friends/others. How did you do it?
- I'm a young teen (15) and thinking about starting a local dog walking business, any advice?
- Memberships for a small shop causing us to lose money
- Is there some kind of "yelp" like service to warn other retailers about bad suppliers/manufacturers/wholesalers?
- My husband wants to buy his fathers business and i do not know what to do
- Business Closed - Tax debt
- How to ship 15 000 lbs without a loading dock.
- Advice on an informal franchise/referral set up for a second location
- I’m looking for business advice. What is the best approach to setting up a website for a marketing agency? Do I learn Wordpress and make my own? Do I use a SaaS? (Additionally, and general advice from people who have set up marketing agencies is welcomed)
- Brand New Sports Nutrition Store Questions - Please Help!
- Need help managing finances for recently acquired bar
- Re-zoning land?
- What sort of catering would make you excited to come to work?
- [Market Research] 5 Question Survey for Small Business Owners!
- Workers comp audit asking for all payroll information
- $600 Contest (No self promo/bullshit)
- Puff pastry & focaccia pizza supplier
- Anyone started a Journalism/News Reporting Company
- Do any of you run an ecommerce site purely using affiliates?
- Looking for advice on working abroad in IT sector
- Selling stock in a small business. Question about who the check is written to.
- Can I use an Unsecured Loan For My Buisness?
| Posted: 07 Sep 2018 09:54 PM PDT Feeling pretty sad. I've been in business 7 years. This last year has put me in a lot of debt. Cutting out just as my lease is ending. I have confidence that I'll recover but I'm feeling pretty down. [link] [comments]  |
| Posted: 07 Sep 2018 01:44 PM PDT this is a copy from a post I made on another subreddit. Summary: I am not the kind of person who has many great ideas, however somehow I stumbled on one. Problem is that besides my willingness to work and wanting to succeed I don't have much : I am from a poorer country, my family/friends are not able to help me (with money or favors). I don't make the best impression and I'm not really convincing (or good) with people..."On paper" I'm just a below average or bad from most perspectives. However I worry that this is one of the few good ideas that I have, so I don't have other chances. I tried everything I can think of but I couldn't make it happen. Now I need to decide what is next. Original post: hello! Need advice from someone older and wiser than me Some people say I talk too much and get lost in the details...so this time I will try to be very, very clear. I have a business idea. It is a good one, maybe even a great one. I honestly think it could work and spent a lot of time thinking about it, but the big stuff and the details. It will not change the world or reinvent the wheel... but it might make the world a little better and at the same time giving me the chance to do something meaningful but also profitable enough so I can help my family. The idea has certain drawbacks: 1)It has to be done NOW or at least soon. Six months from now it might work, a year from now...maybe, but anything more and the idea is useless. 2)I can't start it alone. I need to either find a pile of gold buried in the woods or someone who is willing to help. 3)I am not the right person for the job. Now lets talk about 3. If this is such a good idea, why can't I do it? well, I tried just about everything. This is me: 1)I live in a shitty east European country. In a good month I can put aside 25-50$, in a bad one one all of that dissapears. My "budget" right now is basically theoretical. I don't have rich parents/friends/connections. The vast majority of people I know are in similar situations. 2)The first point leads to this one. While some of my richer country-folk or westerners have wealthy parents, friends or maybe they have a social circles I don't. I don't have lawyer friends, I don't have web designer or programmer friends. I can't just call someone and tell them "hey, do me a favor, help me out". 3)All of this + my own past makes me really...unimpressive. I can't afford to go to the barbers, so I cut my own hair. My clothes are from second hand shops. I mostly eat shitty food and even if I had some success, without money it's hard looking healthy and trustworthy. I can't just go into the supermarket and buy whole grain bread, some almonds and organic milk, I can't afford any of that. I look like the average joe, not the kind of guy who has good ideas. Not the kind of guy who gets shit done and when he talks people listen. So here's the deal. The reason I am writing this (it got longer than I intended) is that I got a job offer. I could go to the west and make some good money picking fruits. However truth be told, I don't have an abundance of great ideas. If I do this, the chance will be forever lost. Who knows what my life will be years from now...however I am certain of something. This is my only chance to become more than a worker in the system, it is my only opportunity to make something of myself that makes me and my family proud. Any advice is appreciated. [link] [comments]  |
| I'm a young teen (15) and thinking about starting a local dog walking business, any advice? Posted: 08 Sep 2018 02:04 AM PDT |
| Memberships for a small shop causing us to lose money Posted: 07 Sep 2018 06:45 AM PDT Hi everyone! I'm not sure if I'm posting this in the right place so feel free to delete if it's not allowed. I work at a tobacco lounge & shop. It's a small family business. *Please keep in mind that I have no business history/schooling/training. This is one reason why it's been so hard for me to solve this problem on my own. We offer a membership here. Basically, you pay x amount per year, and you get access to our private lounge, special discounts and first admission to events etc. We have always had an extremely hard time keeping track of these memberships. My boss is very, very old school and wants to do everything on paper. This means all of our applications are paper that we've kept sorted in a binder. As you can imagine, there are many issues with this. For one, we have some employees who simply don't have someone fill out a renewal form/application, but still has them pay.. so we just have a random receipt floating around and that member gets lost in the"system" and we have no way of knowing when they are due for a renewal. This also means we have to manually search through each membership to find who is due to renew that month. The biggest issue is that we've hired too many people to help us with this and it's just caused a bigger mess each time. This is causing us to lose a lot of money. Because of how awful this system is, we can't keep track of everyone. People slide by and don't pay their dues but are still reaping the benefits and it's costing us. The amount we lose in member discounts per month vs how many members are paying does not add up. I left for maternity leave in the spring and before I left, I typed up a list of every single member I had on file, contact information and their last known renewal. I gave all of this to yet another girl who was hired to create a new system for us. I come back a few weeks ago, assuming all is well, and find out the girl left shorty after I did and never put a new system in. There is literally just a pile of paper memberships that nobody knows what to do with. I'm so angry. We use Clover as our register. If anyone is familiar with that... I cannot for the life of me find a way to keep track of the members on this device. I've contacted our rep several times to see if he can suggest an app and he's useless. I am trying to get some kind of spreadsheet done on our back computer but I want something that is going to be efficient. Keep in mind the boss doesn't want anything that is too hard for him to figure out, so we're limited. Ideally id love a system that would take automatic payments out for memberships rather than trusting people to pay when it's time. We need to have these customers show us proof of membership. They have "membership cards" but for all I know they can be 3 years old. There's so many changes we need to make, I have so many ideas but it's tough to convince my boss. I was hoping someone could offer any ideas or tips on how to run this system better? I am desperate and open to literally anything at this point. I need something I can take to my boss and easily tell him "this is what we need to do, and we need to do it now". [link] [comments]  |
| Posted: 07 Sep 2018 07:47 AM PDT I'm feeling really bummed about a wholesaler that I've been working really hard to establish business with, who has really shitty business practices. I'm going to give them one more week to fulfill my orders and then I'm going to request a refund and drop them with much sadness*. I'm also wondering if there is somewhere that I can review them to warn off other potential retailers/dealers because they are THAT bad. Anybody know? '* So for those who are wondering at my melodramatic statements, here is the story. At the beginning of this year I decided to refine my market niche because it was too broad. I am changing from "pet supplies" to "safety products for dogs". Much better focus. As a cornerstone of building my sales volume with the new niche, I was trying to get in some car restraint harnesses that are actually crash tested to the same USA/Canadian regulations for child safety restraints. Very awesome product, there's a huge amount of pent-up demand for car restraints for pets that are actually quality tested like that and guaranteed. I could market the hell out of them and do very well. And literally NO other manufacturer is making these products (yet). Unfortunately and very sadly... They wouldn't respond to my wholesale application last spring, and the customer service folks just kept saying they'd get back to me. Never did. So I went to a major B2B pet product tradeshow this summer, visited their booth first thing and placed an order. Yippee, I'm in, I think at the time. They ship me all but one item and mark the order complete. I get their CS team on chat and they tell me that they ran out of products but the one I'm missing is backordered. She says they actually do have one still in the back room they save for <mumble> reasons, she could send me that one. I agree. I receive a UPS shipping label. Check the tracking number ever few days and it never changes from "label generated, waiting to recieve package from shipper". After a week of that, I contact CS again. They claim no knowledge of what the earlier person told me but confirmed that they were out of stock. Says they think their stock will arrive in early September. I tell them that I have customers wanting this product and I want to place another order but am worried that the one item will either be forgotten because the order was marked completed or I'd be charged for it a second time. They reassured me that they know I paid for it, so I won't be double-charged. I go ahead and place a second order for more products. A couple days later I get a shipping notification for my second order. Yippee! What arrives is... one item. Not the one that was backordered before; it's just one random item from my second order. And again, the second order is marked complete even though they didn't send me like 7 items from it. This is really crappy customer service for any shop customer, let alone a retail partner. I did some internet searches on them. They have no LinkedIn presence and no "about us" or corporate info on their website. They have a few yelp reviews that show they apparently have their own brick and mortar retail store in Pasadena. On Google they call themselves a wholesaler. No apparent manufacturing presence so I guess they have someone doing the manufacturing for them. From all of this, I get the feeling that they are a tiny mom and pop retail shop struggling to scale up to wholesale supplier of products. In hindsight I was dumb to place the second order, so that's my fault. But I don't think much of their business practice of taking a customers money (even as a retailer, I'm still their customer) when they aren't sure they can deliver product, and don't explain why their system marks incomplete orders as completed. That's really the part I want to warn other potential retailers about. [link] [comments]  |
| My husband wants to buy his fathers business and i do not know what to do Posted: 07 Sep 2018 07:38 AM PDT So my husband wants to buy his fathers mowing business. What my husband has told me is that his father is willing to sell the company and all the tools for $35,000. Which breaks down to about $25,000 for all the equipment (truck, trailer and all mowers) and the rest $10,000 would be the clients. His father said that if he was selling to someone else the price would be different. The breakdown on the income: He has monthly clients and he has "per cut" clients. All together he makes about $6000 a month during the summer and in the winter about $4500 a month. My husband is all for it and wants me to be all for it as well; however, i am kind of holding back a little and i do not see why! If he bought this business our monthly income would almost double. Another thing is that his credit is not great so we dont know if he would be able to get a buisness loan for that much. He said if he couldnt he would get in touch with a family friend who would be able to loan him the money with interest. I dont know what im trying to say here but i needed to ask someones advice and see what we should do. We are tight with money right now as i work 2 jobs and he works 3 jobs. Seeing the numbers makes me think it would be a good idea i just do not want to go more in debt then what we already are. [link] [comments]  |
| Posted: 07 Sep 2018 03:58 PM PDT I owned a small business (restaurant) that has been closed for a few years now. I was the sole proprietor. During the time of operation i failed to file/pay sales tax. I also did not file income tax. I did pay local b&o and unemployement taxes on the few employees that i had. I recently received an invoice from my state tax dept for a year and a half worth of sales tax. I was open for 5+. I struggled staying on top of the regular overhead costs and kept hoping to turn the corner and be able to pay these back. The statement has gained a significant amount of interest and fees. It looks to be estimates as it increases slightly through out the course of the monthly installments that are billed. I am now unemployed and have no real means of repaying this debt. I am a "stay a home dad" to a beautiful 2 year old. I am also newly married and my wife has bought a house 2 years ago (mortgage). It is soley in her name. We also have 2 vehicles that are in both names. My questions are, where do i start to try to fix this mess? Should i contact the tax dept myself directly or use what little bit of funds i have to hire an attorney or of some sort or accountant? Would any kind of bankruptcy be good for me in my situation? Is my wife and her assets (house) safe? I know i will be responsible for these taxes and want to find a way to pay this off to the best of my ability. How likely is it that the tax dept works with me to lessen the fees and penalties? How bad is this? Any other advice is GREATLY appreciated. Please help. [link] [comments]  |
| How to ship 15 000 lbs without a loading dock. Posted: 07 Sep 2018 09:32 PM PDT I need to ship 15 000 lbs from a residential zone 165km to a warehouse. I don't have a loading dock. What are my options? Option 1: Rental a 20ft truck and do 2-3 trips myself A Semi-tractor trailor can't go into residential zone so I can't get a moving company to do it in 1 trip. [link] [comments]  |
| Advice on an informal franchise/referral set up for a second location Posted: 07 Sep 2018 08:44 PM PDT I have a small personal service business which I've grown for a number of years. I have a premises and several staff. Last year I opened a second location 30 Mins from my first store which was profitable but nowhere near as successful as my primary location. The logistics of co-ordinating a staff member at a remote location when bookings were often made on the day or the day before was a headache for both me and the staff member that was working there and was not really feasible. It would of been successful for an owner/operator but the opportunity cost for me to be away from my busier location was not worth it. Long story short , with my support the staff member whom was working there (who lives close by to the store) is going to take over this location but run it entirely as their own business with their own name, assuming all costs and taking all revenue. They were concurrently operating a home business with their own clientele which they will bring over to the store. We have agreed that I will refer all the work in that area from my business to them, at a flat percentage (I have said 20%). My business ranks high in the local area SEO and it should help them significantly while they are getting established as well as be a revenue source for me without the hassles of operating the location myself. The way I see this working is: -she will operate under her own name but with reference to my name on her signage so the link is clear. -we operate independent online booking systems which sync to avoid double bookings. She is free to book in as much of her own work as she can and the remaining time slots will be available for customers referred through my business website. I will not have reference to her number on my website it will be online bookings only or calls to myself. On my website it will appear as though this is still our second location. -At the end of each week I will invoice for 20% of all completed work referred by me. -after the initial appointment she can then rebook these customers herself into her system, I will only take 20% of the initial booking. - I will also retain these customers on my own customer list and reserve the right to market to them in the future should we terminate our agreement. I will not market to them to re-book while this agreement is in place. -there is no specified timeframe commitment and if it doesn't work for either of us we can walk away. She will continue to operate her own business independently. This is unchartered territory for me and am asking for all of your opinions on this arrangement. I see it as an informal franchise arrangement without the buy-in which I am happy to do as I like to help others and always encourage my staff to grow independently. Any foreseeable issues/disadvantages for either party? Does the percentage seem fair? Tips, warnings, suggestions. Would love to hear them! TLDR: opened a second location for my business, too hard, now my employee will operate it as their business and I'll take a cut. Could this work? [link] [comments]  |
| Posted: 07 Sep 2018 06:33 PM PDT After recently being made redundant (which is a kick straight to the dick,) I have being scouring the job boards. Nothing I have seen satisfied or entices me in the slightest. It has always been my ambition to run my own business and I believe I have the skills and the work ethic to run a marketing agency. I have 2 friends who are both very talented graphic designs and thus, can satisfy a range of actual content needs. Can someone please point me in the right direction of where to start? I understand that this is a front loading business and thus, I need to make sure my approach in the early days is aimed at the right angle. This is especially relevant to how I set up our website. All advice is welcomed. Edit: typo in the title (and *any) [link] [comments]  |
| Brand New Sports Nutrition Store Questions - Please Help! Posted: 07 Sep 2018 09:34 AM PDT I'm not exactly sure if this is the right place to post this, if so, please help me crosspost to another board! Primary Objective: I've been presented with the opportunity to run my own sports nutrition store (think protein powders and pre-workout) with the guidance of the franchisee owner who I've worked for in the past. I'm completely new to controlling every operation of a small business, I know the products very well, but would like some pointers on how to handle this situation properly. I'd eventually like to own my own business or become an executive, I believe this is a good way to get my feet wet. My Background: 26 year old Business Administration student living in New Jersey. I've worked in the health and wellness industry for four years. The first two I spent as a sales associate, eventually a manager at said franchise owned sports nutrition store similar to GNC. I eventually branched off to create my own private personal training business, appeared in a few nationally recognized magazines showcasing my personal training and nutrition knowledge. Except for running my own business (parduccifitness.com) I have no other formal managerial experience. I have about 100k followers on instagram, networking through social media is how I got to where I'm at today. The Specifics: My old boss gave me the opportunity to launch my own store in a prestigious area, the franchisee's realtor found a Health & Nutrition store that is shutting down, they have three months left on the lease, we're moving into the location without any obligations, we can walk at any time if things go sour. We're surrounded by a ton of gyms and Princeton University. These will be the main business' that align with the products that we're selling. This is a completely foreign location for our franchise, neither my franchisee or myself have any formal relationships in this area. I won't have a sales associate under me for the first month, it'll pretty much be all me handling marketing, advertising, inventory, community outreach, social media networking with the guidance of the owner. The Numbers: Lease + Utilities: 800/month - Overhead: 1000 in products - Salary: $12/hour + Negotiated Commission Concerns: What are the most important areas of the business that I should be focusing on? Is a social media presence needed this early on in the business? At what point should I hire a sales associate? What else am I missing? [link] [comments]  |
| Need help managing finances for recently acquired bar Posted: 07 Sep 2018 05:45 PM PDT My Uncle has recently become the owner of a bar business after the previous owners left at the end of their lease. My Uncle has experience running a bar, having done so in the 1980's but I do not believe that the current climate of technological integration compliments his "old school" business style. My main concern is the point of sale system being too complicated and causing large amounts of lost revenue or incorrectly inventorying the assets. Additionally, my uncle does not have the financial acumen to fully grasp the necessity of inventorying, valuing COGS, creating revenue and expense sheets, the income statement, balance sheet, cash flows etc etc. This along with the fact that a large percentage of the business is done via credit card, and I have read reports of very complicated and misguided fees / charges from the POS company (Clover) – is causing me great anxiety that a lot of money is either missing or being left on the table as he is not able to accurately understand profit margin, ROI, sales growth etc. My uncle is a big proponent of doing things like he did them in the 1980's and is almost allergic to adapting and changing to the current day. The bar has been open for less than a week and he is already out of his element when it comes to the financial aspect of managing the business. He can do everything else related to daily upkeep and activity, but, in my opinion, he is lacking in the most important part of the business – the money. I have a degree in Finance and a decent understanding of financial products and investments, as well as creating revenue and increasing profit, but I slacked off in my accounting classes. I have been tasked with sorting out the finances of the business and it has only been open a week. My uncle is not able to tell me anything other than a rough estimate of revenue. This, as a finance person, drives me insane, as we don't know if we have essentially been losing money since the door opened. My question is basically, does anyone have any tips for the best methods of accounting for your inventory and products? Any good ways to try and backtrack from the beginning of business to calculate volume and what was sold? I am thinking that we need to start with the initial inventory, current inventory, and assume sales that way. Work out the expected profit from said sales, compare to actual booked revenue, and then go from there to find the breaks? Another assumption I was making was to get all physical credit card / cash receipts and compare to the period statements from the POS system, as well as daily cash accounts. In my eyes, daily reconciliation makes the most sense to me – has anyone else found success or issues with this? I am thinking that I need to develop the income statement first, then cash flow, and finally the balance sheet. Does anyone actively update a balance sheet with line items for depreciation (TVs, pool tables, etc) or is that too granular? How itemized should I make expenses and cost of goods sold? Is "Vodka" simply enough? Or would it be better to break down vs each producer? Also, what are the most important things to focus on when doing the books for a bar type business? Would anyone have personal accounts of profit margin for certain types of products? I am much more comfortable valuing stocks and options, but I feel this wouldn't exactly translate to a bar business dealing with customers every day. My goal is maximizing revenue, would anyone have examples of acceptable profit margins / returns on investment? Apologies for the length and detail of this post, but I am 22 and my Uncle is 63 and I greatly fear for his financial security. I feel that my previous financial background should give me confidence, but I wanted to get advice from people with far greater experience. Any tips for success would be greatly appreciated as my main goal is to ensure that my uncle does not lose money or have it stolen / unaccounted for. Apologies again for length, thank you for reading! TLDR – uncle is 63, recently had to open and run a bar, and is lost when it comes to financial management and accounting. 22 year old nephew in finance looking for tips. [link] [comments]  |
| Posted: 07 Sep 2018 05:43 PM PDT Has anyone been through the process? I know every municipality is different but I'm looking for any insight. I need to go from residential to commercial. The area is all over the map when it comes to zoning, commerical next to residential next to agricultural. [link] [comments]  |
| What sort of catering would make you excited to come to work? Posted: 07 Sep 2018 01:26 PM PDT We've got some plans for a work event and want to improve attendance. There's always the usual bagels, eggs, etc. but is there something anyone has seen done for breakfast that actually got people energized to be somewhere they might not have otherwise chosen to be? [link] [comments]  |
| [Market Research] 5 Question Survey for Small Business Owners! Posted: 07 Sep 2018 03:15 PM PDT Hi everyone! Hope you're doing well. I have a quick 5-question survey for all of you small business owners to help further my market research along. The answers you provide will help me in bringing you the maximum amount of value possible. Thank you in advance for taking time to answer the following questions:
[link] [comments]  |
| Workers comp audit asking for all payroll information Posted: 07 Sep 2018 02:08 PM PDT I have an audit of my workers comp(state farm)by their lawyers and they are asking me for all sorts of information like gross wages for all my employees etc. I don't want to release this information to anyone. [link] [comments]  |
| $600 Contest (No self promo/bullshit) Posted: 07 Sep 2018 08:30 PM PDT https://gyazo.com/20c2667ab922c82afb29057467ceaa84 How to enter: I'm looking for a good brand name for my eCommerce business and creativity with naming is probably my greatest weakness. So i thought to myself, why not use the power of Reddit! To enter, all you have to do is pm me with one or a few brand name ideas. I will pick the best 3 relevant submissions and will divvy the prize money up as such: 1st place : $300 2nd place: $200 3rd place: $100 Context: I'm starting an eCommerce brand that has a ''life hacks'' sort of branding angle. We essentially sell unique products that save time/money/etc that have a wow factor ex: https://www.youtube.com/watch?v=HqLdHbRj_bc . We want the incorporate the same type of positioning as those life hack pages/channels you see on social media. Good Luck! [link] [comments]  |
| Puff pastry & focaccia pizza supplier Posted: 07 Sep 2018 05:06 AM PDT Hi I have a business in Canada where we manufacture frozen puff pastries and fresh/frozen focaccia pizzas. I'm having a hard time finder buyers outside our province and in the US. We supply big vendors in our area and could do the same outside. How can I do marketing for this? Or find buyers ? Any advice? [link] [comments]  |
| Anyone started a Journalism/News Reporting Company Posted: 07 Sep 2018 10:07 AM PDT hey, Just curious, has anyone tried creating a journalism company before or worked in one (the one where you interview people and write content about trends)? would you say it is a profitable business or sustainable? (which differs from tech related where they don't earn money from day one but gets rewarded with exponential growth). [link] [comments]  |
| Do any of you run an ecommerce site purely using affiliates? Posted: 07 Sep 2018 09:23 AM PDT I'm interested in this. I can't afford the risk/hassle of paying for and storing stock yet. [link] [comments]  |
| Looking for advice on working abroad in IT sector Posted: 07 Sep 2018 08:49 AM PDT Hi all! I'm posting here hoping to reach some knowledgeable users who could offer some advice, or even recommend us any better options to do what we are looking to do. Quick introduction, me and my girlfriend are both dual-citizen EU passport holders. I currently live in England (and also hold a German passport) and she is in Argentina (and also holds an Italian passport). At the end of this month we are meeting here shortly before proceeding to relocate to, and go travelling around, mainland Europe (Portugal most likely for the short term) - Both of us are really looking to make the most out of our situation and will be working remotely from abroad - me as an IT engineer and her as a software developer, initially for English and Canadian companies respectively. So, our current plan is for us both to register as Estonian e-residents - as until we settle down we will not have an official or permanent residency, and with England likely to exit the EU next year I'm effectively in the same boat with my other half coming from a non-EU country. The e-residency will allow us to access banking, healthcare, etc, all across Europe, and also register a business together which has been a life-long dream of both of ours, and could offer us various benefits versus remaining self-employed. My question is, does anybody see a problem with this plan? Does anyone have any better ideas? Should we go the business route or not? It's going to be a hell of a lot of work (and excitement) figuring this out, there's just the two of us and 5 countries involved to consider when thinking taxes, plus we've zero experience in this but are utterly determined to make something work out having now decided this may be our best course to take - before we set sail, I was hoping someone might chime in on what they would do, recommend we do, things we should look out for, and above all whether as complete amateurs we've missed some fatal flaw in our plans! Any input whatsoever would be welcomed! Many thanks to all who have taken the time to read this :) [link] [comments]  |
| Selling stock in a small business. Question about who the check is written to. Posted: 07 Sep 2018 06:27 AM PDT What do you call it when the money goes to the owner of the company instead of the company's bank account when a new investor comes in and buys stock? Meaning, if you sell 40% of stock in a company that is worth $2mil, the check of $800,000 written to the owner of the company. And then from there, each partner will inject capital as necessary. IE. After the sale, the company needs to buy $100,000 worth of equipment. Partner 1 will contribute his 60% ($60,000) and the new partner 2 will contribute his 40% ($40,000). [link] [comments]  |
| Can I use an Unsecured Loan For My Buisness? Posted: 07 Sep 2018 06:02 AM PDT I run a handmade shop and I am putting in a new studio to have classes in. I was not able to get a buisness loan as I would need to show more time/ finical records as a buisness. I was able to get an unsecured personal loan. I have half the money saved and the other half in a small loan. I have all the money for the project in my personal accounts but was wondering if I could trasfer it all to my buisness account and make the paymant to the contractors. Would I have to ask my bank if this is ok to do? Just looking for some opinions and advice on how to go about it in a logical way. Thanks! [link] [comments]  |
| You are subscribed to email updates from smallbusiness: Starting, owning and growing a small business. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment