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Related Small Business Articles:
Survival Tips For Small Businesses
You may be in Mail Order, Direct Mail, or you may be a local merchant with 150 employees; whichever, however or whatever---you've got to know how to keep your business alive during economic recessions. Anytime the cash flow in a business, large or small, starts to tighten up, the money management of that business has to be run as a "tight ship."
Small Business Debt Collection Laws
In your small business debt collection laws will eventually become important, as your debt grows and some clients do not pay. To collect small business debts legally, you must send a written notice that collections have begun, within five days of first contacting the debtor for collections. The letter must include dispute instructions.
Truck Wash Business Case Study
Often smart entrepreneurs look for out of the way businesses, things out of the mainstream but businesses, which have a good customer base and steady incomes. This is an extremely interesting story. I had always considered the mobile truck washing efforts to be very profitable and believed that fixed truck washes were a big waste of money. That was until one year when a new franchisee joined our team from Oklahoma City. I run a franchise company called the Car Wash Guys; www.carwashguys.com. Turns out the franchisee was formerly employed by Blue Beacon Truck Washes the largest chain of truck washes in the US. They do about $138,000,000 per year with 80 truck washes and the company is very closely held. Tim our franchisee was a truck manager for them and before buying into our franchise and started washing cars in OKC even though he knows truck washing best. He had a two-year non-compete with his old company, which we have honored in OKC. He has tons of experience and had indicated to me that the business is sound and we should really get into it. Later that year I sold a franchise to a person in WA State who owned car washes (5) and he made a deal with a truck stop on an Indian Reservation, he never started the plan, but the numbers we ran on the spreadsheet looked great and very profitable.
Small Business and Over Regulation
Over regulation of small business is so intense it is getting hard to make a buck.
For my example of the type of over regulation in small business, which turns the American Dream into an American Nightmare, I will use a simple business like a car wash. Partly because I am in the Car Washing Industry and partly because I am very familiar with all the crazy rules. We could pick any business for this topic since over regulation is so common place like Death and Taxes that it is expected. However it is not expected by the new entrant to a business and tends to double and triple the capital costs to start a business often putting the new owners in such financial hardship with unexpected initial expenses that they are doomed from the start. Which even if you believe in free enterprise in that you are allowed to amass whatever you can thru people voting with their dollar for whatever it is you sell and that with this great privilege you are also allowed to fail and lose all your money. Which is a known quantity. But are we in essence setting people up to fail? And if so why? And if so why have small business loans which are guaranteed by the tax payer if in fact most of these loans will go bad due to lack of knowledge and over regulations?
Here are just some of the things we must worry about when setting up a car wash, we will also pick a California Location to show how ridiculous it can actually get since most policies in CA tend to work themselves across the country and find themselves in the most interesting of reality based Midwestern towns:
Over Regulation in the Car Wash Industry (Industry Threatened by Regulatory Bureaucracy)
Over regulation in Car Wash industry: Car Washes and Government regulations are a sign that the car wash industry has fully matured. But also realize that most all industries have there own set of ridiculous regulations from a multitude of agencies. It really is quite sickening if you think about it. There is nothing Free about Free Enterprise in a market with non-reality based rules, which keep growing every year, until an industry or entire market sector goes stagnant.
Now a fixed site car wash in California has to deal with OSHA, EPA, DOT, IRS and things like SARA, RCRA, HazCom, VOC, MSDS. There are more than 100 different agencies that the owner of a car wash has to deal with. Here are just some of the necessary permits needed; Burglar Alarm Permit, Building and construction Permit, Occupation Permit, Conditional Use Permit, fire Protection Permit, Hazardous Materials Permit, Generator treatment permit, Underground storage tank permit, Accidental release prevention permit, Above ground tank permits, Land-use permit, Storage Tank Permit, Underground tank monitoring plan, SB198 Safety Plan, Zoning Approval, Landscape Authorization permit, noise Permit, Industrial water discharge permit, Business Personal Property County license, Fictitious name Filing, Public Health Permit, Weights and Measures permit if gas is sold, Cradle to grave form on all chemicals that are classifiable, Waste management Plan, Certificate of Disclosure of hazardous Substances and Plan, as well as other things like a Corporations number, Tax ID Number, OSHA plan, I'll stop here, but they don't.
You still think that things are reality based that some how this helps people? Not hardly, because we as business owners must continually hike up prices and in the end it is the consumer who pays.
"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs
Related Smart Small News and Articles From adzines
You will have to take many decisions when you plan to start a vending business. The primary decisions involve selection of the vending machine supplier, machine models, pricing, products and vending machine locations. As the owner of a new vending business, you may not be sure what rate of vending commission to offer to the location owners.
Provides a list of some the major advantages that buying a franchise can offer individuals who want to become a successful small business owner.
As a small business, the more you focus on a niche market, the more likely you are to be successful. The key here is specialization.
UPS power solutions are required whenever aberration of the utility mains supply will result in problems occurring, whether it is loss of data on a server or the failure of life-support equipment. It does not have to be an interruption to the utility mains supply; high volt 'spikes' occurring due to the operation of other plant connected to the utility power network can cause interruptions or failure of unprotected equipment.
With franching being business it seems that there ae few places to turn to for impartial advice. Where would you go?