Small Business Ideas – 3 Great Ideas for small business


Are you looking for small business ideas that will help you avoid unemployment and provide you with a business that you love? If you are having a hard time thinking of business you could start that will eventually replace the 9 to 5 job that you might want to consider these three great ideas.

Small Business Idea 1

Gardening is very big these days. People worry about what is being done to food production and the impact it has on their health. You can help them.

Think how nice it would be to start gardens for people who do not have time to do it themselves. You can in the soil for older people who just need a little extra help, or you can make up a garden for someone who does not know how.

If you give also weeding and watering service you must be sure your customers will be eating good wholesome food. This would also ensure that you continue to participate in gardening efforts.

If the seasonality of the business concerns you, think about starting plants in your home and be able to make extra money by having to buy plants from the nursery. You can be even more proactive by saving seeds from plants from year to year so you do not have to buy seeds.

Small Business Idea 2

errand running can be turned into a very profitable business. A lot of people working at a time when companies that they need to go to open. You can provide a great service for them to run their errands for them.

Consider the elderly who have no chance to get out much. If they need prescriptions picked up, you can do it for them. You may expand your business, even more if they have a doctor’s appointment and need help to get it.

This is a great business to start the mother company. Especially if you are the one who is always present and the other mothers know you and trust you. You could be a real help to mothers who work by helping them with errands they need to run their children.

Small Business Idea 3

Pet sitters holidays are a great way to make money and enjoy the animals at the same time. Kennels are very expensive and many animals that could alone if they had to feed them and make sure they were okay.

Have you ever wondered what these people do with a kid’s pets when they go on vacation? What if the child has a pet hamster, how can they be sure that the hamster is alive and well when they get home.

Pets are big business, people spend a lot of money on their pets, and they simply can not take them everywhere with them. If you are able to help them it can be a very profitable small business idea.


Small Business does Big Business


A lot of business owners do not realize any income-producing potential in business truly possess. Some believe that “big fish will always swallow the little fish.” This is not always the case. Believe it or not, the smaller independent companies are starting to take over the markets.

Large companies may have greater financial support, but at the same time, they are at greater risk of going bankrupt. One of the biggest advantages of small businesses have over large companies is then small businesses lack the resources, they can build equity from scratch. They can exploit unknown opportunities. Being an independent business owner is like “the Herve way”. You do business is yourself. Also keep 100% of the profits. Larger companies can not do this because the investors they need to pay back.

Another tip is a small business on the internet are now starting to compete with some of the leading Fortune 500 companies! Small businesses are not only to exploit the opportunities of the internet but they are hiring someone of the same market the company’s larger business use. Nowadays, smaller independent companies are finding new ways to generate revenue that equal and sometimes the larger companies.

most independent business owners will find it hard to believe if they can ever compete with the big fish (larger Fortune 500 companies), but everything is possible if you can learn to seize untapped opportunities. As a smaller company, you will remember, just because they are larger with bigger budgets does not mean they are better with a better product or service.


Facts About Small Business


Everyone agrees on a broad level that small businesses are vital to the US economy. However, most people would be surprised to know how important. The United States Small Business Administration keeps records and statistics on small businesses in the United States and some of their findings are surprising.

First, the typical perception of a small company that mom and pop operation with few, if any, employees is not the whole picture. The Small Business Administration defines a small business as an independent company with fewer than 500 employees. There are an estimated 23 million businesses in the United States that meet this classification. In some smaller towns in the United States, these companies represent a major source of employment.

In fact, the small business as defined by the Small Business Administration represent 99.7 percent of all employers in the country and employ half of all private sector employees. More than 45% of private sector payroll is generated by small business. In the last decade small businesses have had 60 to 80% of all new jobs created annually.

Although a large proportion of small businesses in trade and services, small businesses are rapidly making gains in the technology sector. 41% of high tech workers like engineers, scientists and computer programmers are employed by small businesses. Employees of small businesses produce 13-14 times more patents than those employed by larger companies.

The Small Business Administration also offers some interesting comments on small business survival. Two-thirds of small businesses survive at least two years, declining to 44% in four years. Most of the factors that contribute to small business Surviving are well known, such as access to capital and education owner. However, a lesser-known aspect of small business survive the company is large enough to have employees.

Similarly, obstacles starting a small business are lack of access to start-up capital and lack of education. However, the number one barrier to small business start-up and the main concern of the current small business owners is access to private health insurance. Individual health insurance for sole proprietors is much more expensive than getting coverage through an employer. If a small business owner is able to offer health insurance to employees, are in control and television often cost much higher than for larger companies.


Steps to Small Business Loans


Do small business loans is relatively simple. Like any other depreciation car, home, etc., it comes down to the ability to repay, the ability to mortgage and credit. Unfortunately, business owners show the ability to repay it is not easy and show the current status of stubs. Nor is collateralizing as easy as a car or home loan that self-collateralizes. But as it has mechanisms in place to make car and home loans, there is a system for business loans.

The first order of business is to ensure the home front is in place. It is a personal credit principal owners of the company is good. Then, the credit company to be in fine form too. Many times credit program for businesses will all ten credit references. The next thing is to make sure the economy is looking good. The balance sheet, income statement and cash flow should all be okay.

financial sector lead to the next step and that is to develop a business. A business plan is laid out for the lenders how a company intends to use the funds it receives and how it plans to increase sales to repay the money. Although it is part of the narrative, what is most important is projected economy. That means that companies should introduce two types of economy. A lender will receive from the company’s past performance and projected financial economy based on capital it receives.

These steps will show ability to pay and creditworthiness, but it will not indicate how the company will try to mortgage loan. The company will have to provide that option. Companies could use real estate, vehicles, inventory, equipment, accounts receivable, or even personal property owners should companies decide. Except for real estate most other options are considered less than it makes the lender feel more comfortable that the company has something to lose.

Should the company not be able to show the ability to pay, the credit, insurance or obtain financing could be difficult. That is one reason it is always advisable to secure financing or line of credit when times are good for business. Apparently, when the company needs it most it may not be there. The old adage is true, banks will only lend money to people who do not need it.

There are opportunities for companies that may have difficulty getting financing, but the price is often high. Sometimes an investor can help but want part ownership. Factoring is another option, which is someone who Prepay of receivables. Factoring disadvantage is price is very high, one could get only 70-80% of the value of their accounts receivable. Finally, there is a community based lending, this is often done as microloans. Micro Loans can be defined as loans under $ 35,000 dollars. This may not be enough for many existing companies to truly expand. Still, it is good to know that there may be other forms of capital a company can acquire.


Risk of Small Business


Most people worry about the challenges they may face if they decided to start their own small businesses. Here are some common hazards to start your own small business, along with some surprising conclusions on how to treat them

  1. The new company could not
  2. This is probably the most obvious risk, but even if the new projects fail, is it really that big of a problem? Suppose that, in the process of winding down one business, learn valuable insights that provide the key to create a new and profitable venture instead. In this context, the so-called “failure” in the first business was simply a stepping stone to something greater. After all, the most memorable performance for most people are not the ones that happened without any problems whatsoever; victory happens after a number of setbacks is generally much more pleasurable and memorable as well. Consider the example of Henry Ford, who was declared bankrupt three times before to build a lasting empire. How many would still think of him as “repeated failure?” So even if the failure is not permanent, neither is success.

  3. The new venture could succeed
  4. The success of the new project can cause problems all its own. When a new business takes off, you may not have the skills needed to manage a rapidly growing business. On the other hand, even if you have the skills required, you may want the challenge of setting new startup to manage the rigors of larger companies. This forces you to make a choice: Are you turn the business over to someone who is better (or willing) to manage the business successfully, so you can still entrepreneur? Do you keep running the business, but keep it as a “bonsai tree business model” (where growth is artificially restricted to the bare minimum)? There is no simple answer to these questions, but these are relatively good problem to have.

  5. The new company could change to “Zombie business model”
  6. In this case you the worst of all possible worlds. A small business that is not alive and experiencing remarkable growth, yet one that also is not dead because of the obvious business failure. Instead, Zombie lurches business for as long as you put in the time and effort required to sustain it, but it never goes quite where you originally had hoped it would be. This option can never be completely eliminated, but just before startup planning can reduce the risk of coming to some degree. If it has taken place, then the next best option may be to change the venture to better business as soon as possible.

In other words, new projects could not, it could succeed, or it could just sit by. But what is important to recognize is that regardless of the outcome happens, the company will have a different set of risks faced by all these findings. So the best strategy is to plan for every possible outcome, so you are not surprised or disappointed by what the future holds.

Copyright 2010, by Marc Mays


Simple accounting for small businesses – Accounting Using a simple spreadsheet template


Starting a small business out of your home, offering products or services like business consulting, photography, selling on the web or a MLM? You are now faced with tracking all expenses and income for your business and you certainly do not have the money yet to engage a bookkeeper or accountant. If your business is a sole proprietorship, whether it is Canadian or US shareholder-based ownership, you do not need an accountant to submit financial company (books) to the IRS (USA) or Revenue Canada). Business income and losses are reported as part of the annual income tax phone. For this small business start-up, you do not need to buy fancy accounting software, like Quick Books or Accpac track your business.

Only part of incorporating Bizfare Enterprise Inc 2005, it claims to participate auditor. My accountant did insist on using Quick Books software for my business accounting. Prior to using simple table template Business Accounting served my needs for over ten years. This simple spreadsheet accounting passed many audits by Revenue Canada (CRA and Revenue Canada Goods and Services Tax. Both hardcopy circular pad and electronic tablet version of financial my books were accepted by Revenue Canada. (BTW the audit disclosed more ways for me to stay back taxes for the last three years! Now this type my review!)

A new start-up business venture, you will probably generate somewhere between 10 to 30 accounting transactions per month. These transactions were items as cost, revenue (sales), Liability (Loan) type transactions and Sales Tax (Federal + State / Provincial) Collection / deductions. This transaction is further broken down into different accounts. any accounts that you set up for your business is called Image of accounts . Recording your business financial transactions (Journal Entries) can be executed with pen and ink on an accounting columnar pad or electronically with a computer spreadsheet (MS Excel, Open Office, Star Office).

Whether you use electronic or hardcopy media, you need to develop a simple Journal template to create your Business synoptic Journal . This Synoptic Journal format has the advantage of allowing you a complete view of all individual transactions journal entry against all the various accounts. Creating this Synoptic Journal is easier to do than you think and requires no prior accounting or bookkeeping knowledge

Tip # 1 :. You may further reduce the accounting items (calendar entries) by combining such things as ‘all sales month “ and ‘ all parking receipts for the month” one mining line for the month.

Where do you start to identify the different accounts that need to Synoptic calendar?

If you now works for a company or government, secure one of their payroll forms. Look at each area identified as expenses – meals, mileage, hotel accommodations, taxi, car rental, telephone & cell phone, air fare, office supplies, etc. This is a great place to identify the various companies expense accounts you have to set up the company accounting books. To complete the conversion table accounts, business bank account, Sales, cogs (KSV), Sales Tax Collection, Marketing costs, and others as needed. Each of these accounts will be listed as a title across the top of each column Synoptic calendar. Each row (line item) will be unique business calendar by you. The journal transactions are grouped and summarized for each business month; usually, January to December.

So your Synoptic Journal would look something like this Sample Synoptic Journal

The The column headings might be in this order (from left to right):

DATE | DESCRIPTION | Bank deposits | BANK Audits | Revenues | Cogs | Sales tax collected & remitted | OFFICE SUPPLIES costs | COST # 2 | COST # 3 | ETC

Tip # 2: Unless your business is incorporated or LLC, you do not have to go through the expense of opening a current account with your bank. Usually Business accounts charge a higher monthly fee, charge for printing checks (checks) and do not offer any interest on your monthly bill. Instead, open a separate personal bank account (maybe savings). This will show a ‘tax’ you’re holding company separate from your personal banking. Remember that you are a sole proprietor and all your business income (and losses) to be applied directly to the tax upload (like the IRS and CRA).

To save time and do is very simple, I have already created a simple spreadsheet Synoptic Journal template that performs all calculations for each month and roll up to 12 business months so it is easy to be in annual personal income tax preparation. This Synoptic Journal template has Debit / Credit checks and balances, tracks sales taxes, mileage and amount of each account for your entire fiscal. If you want this FREE accounting template, you can get it on Communication Innovate. With a few key strokes, which will help identify you, I will gladly send you this FREE Synoptic Journal Template and also any future Small Business Tips

Tip # 3 :. One accounting rules is that every time you take a journal entry (line item which applies to trade against the relevant accounts) the debits and credits will remain equal at all times. This Debit Equals Credit calculator is built into this FREE accounting format. When you have finished typing Line (journal entry), check to ensure that the amount of the debit cell equal to the amount of credit cell. If they are not equal, you have not done properly the amounts in the journal entry computer. Correct the problem before entering the next calendar entry website.

You are now equipped to achieve your business financial books with some simple accounting software. Happy accounting!

and Happy Selling!

Running your own small business in Thailand


Thailand has many allures: beautiful beaches, warm clime, beautiful people, delicious food, impressive Buddhist temples, romantic and Sunny Isles, low cost of living …

Many foreigners – often visitors the Thailand-is convinced to set up and manage their own business in Thailand. They see it as the best of both worlds: settling down in paradise, relaxed lifestyle, while earning enough to pay the bills

Without compromising your dreams, you need to know about the pitfalls that could arise . and how to avoid them. Here are some things

1. It is quite possible to set up a small business in Thailand and meet your goal of covering your living expenses. However, you essentially know what you’re doing. If, for example, you want to set up a small gems-trading company, it is important that you establish a good experience in this line of work. If you want to open a bar or restaurant-something many foreigners have tried-previous experience in setting up and managing such a business is important. Without proper experience, you can be at risk of losing the entire investment in a very short time.

2. Once you have decided that you bring enough experience to the task, you need to study the Thai market to decide who will be your customers; how to reach them (Marketing); and where to locate your business to be successful.

3. When you decide to take the plunge, it is important to seek competent legal counsel to guide you through the process. There are a number of law firms that have a Western consultant, so you can sit on someone who knows the in and out of these rules, and you can trust.

4. In most cases, you need Thai Partner-true co-investor, or nominal partners. This will satisfy the Thai government for the Thai shareholders holding a minimum of 51% of the business. However, do not be put off by this particular claim :. There are legal ways to ensure that the foreign investor still in full control of / investment and their legal adviser will explain them to you

5. Furthermore, your business will have a registered business address: this can be a little like for a four-person office, or an entire suite of offices on the number of employees you need to hire. There are many office rental options in Bangkok and in smaller cities and towns to suit your budget; However, if you are thinking of running a small business out of your apartment, a consultant will need to work with you carefully to find the location that meets the expectations of the Thai government.

6. If you are running a business in Thailand by yourself, you need to obtain a work permit, otherwise you will be in conflict with immigration and labor law, that you want to avoid at all costs! The need for work to come up against the question of the number of Thai employees you will hire, it is with a minimum of regulation (4), however, the Thai staff can be phased according to the startup program. Legal adviser will tell you how to meet these interlocking rules without causing you too much of a headache.

7. It is important to keep the town accountant (it is not likely that you will need to hire a full-time accountant if your business is small). Accounting services are not expensive, from a minimum of 100 GBP (US $ 167) per month. You would, however, choose an auditor with which you can comfortably communicate in English, as you need to be on top of the tax and accounting issues: the interlocking nature of the rules of Thai companies is such that the tax and accounting issues are linked to renewal of permit and your visa every year.

8. You will want to ensure that Thai staff you hire for your business is competent and able to communicate in English. You will be happy to know that there are a number of Western managed company recruitment who have extensive experience helping Western managers in the selection of technical and administrative. You have to pay a fee for this service, of course, but it will allow you to avoid lengthy process newspaper advertising, pre-qualification and short-listing of candidates.

9. Some Legal company can provide more services to assist investors setting up a new Thai his company : help in the selection of office space that suits or your apartment for you; help to find a reputable office furnishings center; many law firms can introduce you to an English speaking accounting services.


Small Business Software


Small business software is a booming industry. Nowadays, every type of business needs to control their movements and take every action with the software. Business software is designed to help with the management and maintenance company. Of course, small companies are no exception to the rule.

Small companies and companies can use general-purpose software, customized implementation that meets their specific needs, or hybrid that combines both elements. The choice of which approach to use depends on the type of business and size of the economic budget is going to be spent on planning through software.

One of the simplest ways for companies to start working with the software would be to use the free Open Office suite of programs, which is similar to MS Office. The difference is that Open Office is free and MS Office (Microsoft Office) for a considerable amount of money for a small business.

except for the two options just described, the company can opt to hire a developer to “craft” software that meets very specific needs of the Corporation. This method is the most expensive one of the development cost of the application is going to fall only by the company that ordered it.

Finally, small businesses can go on using ready-to-use applications as well as some very special custom ones that are developed specifically for the exact needs of the company. This method is located somewhere between the first (cheaper) and second (most expensive) choice.


How to Start a Small Business Marketing


Starting a small marketing business is no different from starting any other business, but there are several things you need to know if the company is to succeed. The first step is to decide on a niche that the company will target. You should consider what marketing you will be specialized in and that your target market will consist of. To succeed in a small marketing business, you should specialize rather than generalize. This is because if you specialize, you will be seen as an expert in your field and it will bring you more customers.

After you’ve figured out what you want to make the next step to a small marketing business is to apply for an employer identification number, or EIN, and business license, or equivalent outside the US. Necessary for the tax. You should enlist the services of an accountant and a lawyer for this and other reasons. You should consider having a lawyer, accountant and professional market if you are not an expert in such consultants. Next, do your research on the best printer, graphic designer, list brokers, organizers of the event and video production professionals.

Once your business is up and running, start to create business opportunities. The best way, which is also the cheapest, is telling everyone you know about the new company and ask for a referral from them. When customers start streaming in, ask for references from them too. You can also advertise a small marketing business through traditional means such as issuing cards, publishing brochures and advertising in the Yellow Pages, in local papers and on television and radio. You can also advertise a small marketing business via the Internet. You can select are article marketing, Google AdWords, and email marketing, among others.

A startup will require at least 3 employees. The success or failure of marketing your business is dependent on the employees you have then marketing in the industry. You should train employees, even if they are professionals, and you should add them generously. Reasonable compensation will lead to greater loyalty and motivation. To improve loyalty and motivation, you should include workers in decision-making. Develop good accounting system and other relevant systems with the help of employees.

You can start with a small marketing company specializing in online marketing or one that specializes in traditional marketing. Online marketing is the future of marketing and this should be the focus. There are many online marketing opportunities where most companies have developed websites. The Internet has many options for a small marketing business because of the large audience and because the Internet has no geographical or national boundaries. With online marketing business, you will not need many employees where online marketing is uncomplicated and you will have a very low overhead costs. Online marketing business can be consulting, advertising agency, or SEO company.


Starting a small business in Canada


When it comes to starting your own small business in Canada, you might thrilled with the possibilities but at the same time at a loss as to how to start. Starting a business in Canada is not really difficult. There are some key ingredients that are essential and following the provincial and federal laws. In some cases, municipal government may require that you get a license if you operate your business in a municipality, but this is not a general requirement. Although primarily you must have Canadian presence, or a business address in Canada, in order to qualify. If you do not live in Canada, this does not present a problem, as we’ll discuss in this article.

Another essential element you need to start a small business in Canada is to have some kind of idea of ​​creation of your business plan. What do you want to market? What do you want to come into the world? Is your business going to be local or national? How will you market your product or service? What are your expenses and when you expect to make? Those are just some of the most important questions you must answer. Local banks and libraries can help you get the information you need to put together a strong business plan. Be prepared to change and improve the plan that you see investors, lenders, and / or partners. Then be prepared to further modify it as you begin to run your business and see what works and what does not.

Once you determine what services and / or products you will offer, the next step is to decide on the company name and our business legally. In Canada, the process is very simple. The easiest way to register a new business is a sole proprietor. However, as mentioned, you need to establish citizenship or Canadian number. If you live outside Canada, you might consider a partnership with a Canadian living in Canada and use their address. Each region has its own server business registration office. You can find a list of addresses and websites of Industry Canada website where you can register your business online.

If you are not terribly wealthy, as few starters of small businesses are, you will need to seek financial assistance. In Canada, most banks will offer financial services and help you get a loan. However, it can be very difficult to get a loan, especially if you do not have a perfect credit history or do not have any credit history in Canada at all if you are not a Canadian citizen. What you need to do is assure the bank that you are prepared. This is where having a plan comes in. You need to know what you’re going to do with the money, and you need to have a plan to pay it back. If you do not live in Canada but have a partner in Canada, he or she can co-sign the loan. By giving the loaner the confidence that you can put the money to good use and make the investment worth their time, you will be able to secure the loan. Banks or family are not the only solutions for financial backing. The Government of Canada offers loans and grants to new businesses to stimulate growth. Industry Canada website has up-to-date information on available loans, grants and financing. You can also check local municipal government websites for any assistance offered to grow business in their places.

There are also all kinds of places you can go that specialize in helping small businesses, and more than just financially. These programs and services can help you have a logo designed, help you start up a website and advertising. At this point, you need to start attracting customers, especially repeat customers who will come back to use your service or buy your product regularly. Internet advertising can be very cheap and effective, if you advertise in the right place. Many services can help you find the advertising you need to kick off your small business. The Internet offers a wealth of information on small business advice and services such as advertising and promotion. A good place to start is Canada Small Business Directory promotional services company in Canada.