So you’ve been working for someone else for awhile and are thinking it is time to start your own law firm. Although BigLaw is known to grind their associates, don’t think that starting your own law firm is easy—it is not. Although you are no longer required by partners to put in long hours, you […]
In order to sustain your business, you need to profit. And as we know, profit is the total after taking your cost of doing business and subtracting it from your revenue. What determines how much you profit is your margin.
Services businesses provide a need for people in exchange for money. This can be lawn care, gardening, manicures, haircuts, social media consulting, fixing computers and phones, the list goes on. I’ve ran service businesses before and since then I’ve gotten away from that because I’ve fallen in love with information businesses (providing information to people). […]
Although in today’s business climate, building a business takes minimal cash most of the time, there are some businesses that need money in order to operate. In this category are mostly service businesses that require tools (like a truck) or a physical location. Whatever your starting capital needs are, don’t let it deter you from […]