By Corey Sandler, Janice Keefe
Reasonable and simple rules for beginning a small business
101 Small company principles for only $5,000 deals functional, real-world recommendation for turning principles and abilities right into a profitable small company. The ebook provides nice rules for easy small companies that readers can adopt both full-time or of their spare time and covers all of the matters readers want to know -startup expenditures, criminal matters, accounting, taxes, and every thing else. as soon as readers come to a decision what company is correct for them, the authors offer good company plans for making it take place. They convey wannabe marketers how one can start, locate investment, and construct a revenues and advertising application. criminal, zoning, and assurance standards are supplied for every enterprise notion, in addition to suggestion on increasing the business-and the earnings. destiny enterprise proprietors who don't comprehend the place to begin will locate every little thing they wish the following.
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Extra info for 101 Small Business Ideas for Under $5000
5. Add the total to fixed costs. The result is your break-even point. Here is an example: 1. Your fixed costs are $1,000 per month. 2. Here’s the incremental cost per unit for the five products you expect to sell: Product A $50 Product B $75 Product C $25 Product D $100 Product E $10 3. You expect to sell the following numbers of each product per month (based on annual sales divided by 12): Product A 5 units Product B 4 units Product C 10 units Product D 2 units Product E 10 units 4. Units sold times the incremental cost: Product A $ 50 × 5 = $ 250 Product B $ 75 × 4 = $ 300 Product C $ 25 × 10 = $ 250 Product D $100 × 2 = $ 200 Product E $ 10 × 10 = $1,000 TOTAL: $2,000 5.
Ask friends and neighbors for referrals. Offer a discount or a free service for any clients they bring to you. qxd 2/16/05 2:42 PM Page 32 32 HOME SERVICES ( EXTERIOR ) Draw up a simple but complete agreement with clients listing exactly which services you will be providing and the cost. Include in the agreement whether lawn mowing services will be provided on a regular schedule (weekly, biweekly, on a particular day of the month) or whether the client must call to schedule a visit each time. Get specific written instructions about any special conditions—a flower bed to be avoided or a section that needs to be hand-trimmed.
Is the soil in your area too sandy, or does it have a significant amount of clay or loam? How much mulch do you need to use? How much sunlight does a particular area receive, and what is the exposure of the plot of land you will be working on? Take the time to meet with your clients and make sure they understand your proposal and its costs. Make certain you are aware of the boundaries of your client’s property; if you put a tree on a neighbor’s property you may be opening yourself to liability or a financial loss.
101 Small Business Ideas for Under $5000 by Corey Sandler, Janice Keefe