Starting From Scratch: A Guide to Small Business

Choosing to become the owner of a small business as a main source of income or an additional investment is a choice often made by people who consider themselves to have a high level of ingenuity and determination. The creative aspects of running your own business diminish greatly when purchasing one or multiple locations of a larger franchise, leading most people to the decision of going it alone and starting their business from the ground up. Constant monitoring and augmentation to the way your business is ran will usually be necessary for the first few years of a start-up business, a large amount of liquidated assets will also be necessary for both initial purchase and advertisement campaigns.
Creating Structure in Small Business Through Managerial Training
Owning a Restaurant and Profiting Through the Food Service Industry

Creating a concept and plan for your own small business and exactly how it will generate revenue can sometimes be more difficult than the steps taken to turn your concept into a reality. There will always be issues that might have never crossed your mind prior to the opening of your store, but by making preparations and plans for every detail of your business before you begin, you will find yourself one step ahead of most issues.

Speaking With Potential Investors

A.C.O.D. Quick Tips - Do it Yourself?

• Determine exactly how much time and effort you will be able to put towards your business personally - if you are going to continue to be employed by a larger organization, you will likely have very little opportunity to engage in the daily managerial decisions. If this is the case, take extra care in hiring a trustworthy individual or team of individuals that will be able to make decisions on your behalf or briefly contact you.
• The training of every single employee involved in your business is perhaps the most important aspect of success in any small business. Everyone is different, and not all people will grasp certain concepts as fast as others - be sure that every employee knows precisely how their duties should be performed. Providing employees with further insight into the reasoning behind certain tasks will help them to make the right decisions and feel as if they are a more valued employee.
• Try to avoid sticking to one single regiment unless it is working extremely well for you financially. Experiment with different merchandise, store layout and design, or advertisement techniques. Tweak small aspects of your store and determine which methods are the most profitable. If your business is already moderately successful, consider offering short questionnaires for your customers to answer while they wait - their responses about how they heard about your store and any other details might help you to guide your small business in the right direction. 

Creating an LLC or Becoming Incorporated
Generating Revenue Through Corporate Ownership