How to Start Your Own Restaurant
Let’s me start off by saying that the majority of restaurants fail. That is a commonly-known fact. Restaurants are known to have thin margins with high overhead costs and long hours. According to CNBC, nearly 80 percent of restaurants close their doors before the 5-year anniversary. However, they don’t all close because they are unprofitable. […]
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How to Start Your Own MMA Gym
MMA has become very popular in recent years due to the increased popularity of UFC and Bellator. As a result, more and more people are taking interest in participating in the sport, either as a form of exercise or to eventually fight professionally. This increased interest is an opportunity to profit for those willing to […]
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How to Start Your Own Web Development Company
Several years ago I had a web development and design business. I’ll be the first one to tell you that I do not know how to code. But that did stop me. I saw an opportunity to leverage other people’s skills and turn it into a profitable company. So if you are looking to start […]
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How to Start Your Own Law Firm (Complete Guide)
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 […]
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Types of Businesses With the Highest Profit Margins
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.
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What You Need to Start a Service Business
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). […]
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Where to Get Money to Start Your Business
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 […]
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