101 Small Business Ideas for Under $5000 by Corey Sandler, Janice Keefe PDF

By Corey Sandler, Janice Keefe

Reasonable and simple principles for beginning a small business

101 Small company rules for only $5,000 bargains functional, real-world suggestion for turning principles and abilities right into a profitable small company. The booklet offers nice rules for easy small companies that readers can adopt both full-time or of their spare time and covers all of the concerns readers want to know -startup expenses, felony matters, accounting, taxes, and every little thing else. as soon as readers come to a decision what company is correct for them, the authors offer good enterprise plans for making it take place. They express wannabe marketers the way to start, locate investment, and construct a revenues and advertising and marketing application. criminal, zoning, and coverage specifications are supplied for every company concept, in addition to suggestion on increasing the business-and the gains. destiny company proprietors who don't comprehend the place to begin will locate every thing they wish the following.

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Extra resources for 101 Small Business Ideas for Under $5000

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Up-front Expenses Commercial-grade rototillers cost in the range of $500 to $1,000 or more. Lighter-weight and less capable units intended for casual gardeners sell for as little as $300. You may be able to find a reconditioned used machine through a dealer or private seller; either way, you will need a reliable source of parts and maintenance. Other up-front costs include a trailer and hitch and a vehicle capable of pulling the tiller from place to place; you may be able to use a ramp and openbed of a pickup truck to transport the device.

Dividends paid to shareholders are generally not deductible from business income, and therefore this income is subject to taxes at both the corporate and personal levels. qxd 2/16/05 2:39 PM Page 14 14 LEGALITIES AND TAXES Subchapter S Corporation A Subchapter S corporation passes through the income or loss to the shareholders, as a partnership would (the corporation does not pay taxes on the profit) and provides the liability protection of a corporation. As an employee of a corporation, you will report salary as personal income on your personal tax forms.

Included in the expenses are fixed and variable costs. • Price is the amount of money you ask a customer or client to pay for a product or service. qxd 2/16/05 2:41 PM Page 18 18 SETTING YOUR PRICE Analyzing Your Costs for Product Sales Begin by conducting a very detailed analysis of all of your fixed and variable costs. A fixed cost is one that does not change no matter how many widgets you sell or services you provide; this is often referred to as overhead. For example, if you must rent an office, the monthly payment is a fixed cost of doing business.

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