Owning a laundromat is simpler than many other types of businesses; your greatest responsibilities will be keeping track of your financials, managing customers, and maintaining your equipment. But don’t let the ease of running a laundromat tempt you into becoming an absentee manager, in which case, your business will suffer as a result.
Good business ideas for kids have work that’s easily accessible and usually involves minimal startup costs. Think of ideas like lemonade stands, tutoring, hobby coaching, babysitting, and dog walking.
To start a small ice cream business, you need to draft a business plan, invest in the right kitchen equipment, find a great location, rent or buy a building or truck, test your recipes, and acquire the necessary business licenses.
The biggest disadvantages of a DBA are that a DBA doesn’t establish a new legal entity and you don’t have ownership over your DBA. You couldn’t sue another company for violating a trademark if it registers a business name similar or identical to yours.
A business license is a permit to operate your business, and it is non-negotiable. In fact, it is illegal to operate a business without a permit or license. This keeps you accountable to the city in which you operate and helps local government agencies regulate the businesses in their jurisdiction. Learn more about getting and maintaining a license to run a business in your state.
Owning a delivery business is a great opportunity for many entrepreneurs. Depending on the niche you plan to serve, you can start your own business with just one vehicle and no employees. What’s more, you can quickly scale your delivery business as demand increases.
House flipping might not be as easy as it looks on TV, but it can be a satisfying and lucrative business opportunity. Find out what steps you have to take to start your own house flipping business in this guide.
There are five main types of franchising relationships, each of which represents a different segment of a franchised company’s supply chain. Depending on factors such as the level of control you want over your business, your business experience/skill-set, and the amount of capital you can access, you might decide to open a business format franchise, product franchise, or a manufacturing franchise.
Your side hustle may not be your primary focus. After all, you’ve still got bills to pay and health coverage to maintain, so you don’t want to endanger your day job in the pursuit of a dream. Nonetheless, the same elements that translate to a greater likelihood of business success apply regardless of whether your business is your part-time or full-time endeavor.
If a third party is injured as a result of your business, and your business is found liable, then liability insurance covers the legal and medical costs associated with physical harm. It does not cover negligence, business malpractice, employee injuries, or vandalism.
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