By Russell Roberts, The Philip Lief Group
To achieve beginning your personal enterprise you wish actual, leading edge options. If you've ever considered operating your individual company as a substitute to the company office or operating for somebody else, a hundred and one most sensible companies to begin offers a wealth of useful recommendation, in addition to the foundation, to make your goals a reality.
Each rigorously chosen access contains a complete company description, directions for start-up and working charges, revenue projections, operating thoughts and staffing wishes, plus real-life tales that spotlight either the demanding situations and the rewards of beginning a business--as good as secrets and techniques for success.
This variation has been thoroughly up-to-date and revised to incorporate company possibilities for the recent millennium, together with web prone. With over 100,000 copies in print, one zero one top companies is the guidebook for today's entrepreneurs.
From the exchange Paperback variation.
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Additional info for 101 Best Businesses to Start: The Essential Sourcebook of Success Stories, Practical Advice, and the Hottest Ideas
How big is your potential market? Capture rate is the term that defines how much of your market you should be able to acquire as members in your club. The problem with any type of capture-rate formula is that it is hard to develop just one formula that covers every type and size of facility and price structure. For example, a 10,000-square-foot club and a 40,000-square-foot club in a market of 50,000 people, using a set capture rate of 4 percent, would both come up with answers that would be unrealistic for their business plans.
What is a good payroll percentage? How do you market to attract enough leads to drive your business? Why do clubs fail and how can you avoid these mistakes? All of these questions, especially those that pertain to the financial foundation of the business, have to be answered before you build your first business plan. You must also consider the question: Who is going to run the back shop part of your new business on a daily basis? The back shop person is the one who normally controls the money for the new company as well as other vital functions such as payroll, marketing, banking, accounting, and staffing.
Can I define this group by age, affluence, and location? Can I find a home for my business by becoming a specialist and taking a smaller or different space? Should I attempt to make this a real estate project or is renting my best option? Would my potential investors be better served by committing to real estate? Success in other businesses doesn’t always guarantee success in this one. What do I need to learn in this business to be successful? How is this business different than what I have done in the past?
101 Best Businesses to Start: The Essential Sourcebook of Success Stories, Practical Advice, and the Hottest Ideas by Russell Roberts, The Philip Lief Group