Thursday, June 17, 2010

Your Clean Future Shows How To Own An Office Cleaning Business

Maybe you want to earn a six-figure income or higher working your business full-time. The Express Office Cleaning Manual, DVD and Forms Package will show you how to make an incredible amount of money by owning your own commercial office cleaning business! This package is featured in many small business magazines such as, Home Business Magazine, Home Based Magazine, Opportunity World, Small Business Opportunities, Money Magazine, and others. These magazines have given Your Clean Future a rare find 5 Star Rating.

This is a real business and not a fantasy, make $50,000 a month multi level marketing, or a foreclosure cleaning business where there are only sporadic and limited areas of work. You will quickly notice, these companies are not members of the Better Business Bureau. Can you guess why? Most operate outside the U.S. so be careful and realistic. Real businesses sell something tangible or provide a needed service!

In every city you see office buildings everywhere and commercial cleaning services are being paid well to keep them clean! There is plenty of demand, just not enough good cleaning services to fill the demand.  If you would like an opportunity to build a real future for you and your family owning a recession proof cleaning business, keep reading.

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Friday, June 11, 2010

How To Decide On A Home Business Idea

You may think that before you decide to start a home business, you need to know exactly what type of business you’ll be starting.  While certain business ideas can pique your interest and spur you on to starting the best home business for you, all you really need to get started is a desire to start and run a successful business and the drive to keep going, even when it gets difficult.  Here are some quick questions to ask yourself that should help you find the right home business in no time.

Knowing which field you want to go into can be half the battle when it comes to choosing a home based business.  Sales and service businesses are typically readily available for the would-be-franchisee, however, if you come from a business background, there are also plenty of professional options such as business consulting and financial services.

Once you've chosen your ideal franchise, much of the hard work will be taken care of by the franchisor, including the business plan, monetization structure and product development.  These three key elements are what make or break a business startup and why on .06% (or 6 in 1000) businesses ever even make it past the planning phase.  Now, franchisees still will need to work hard, it is still a startup after all, but starting out with a proven business model gives you a few steps in the right direction and a much higher success rate.

If you have the drive of an entrepreneur, the ability to raise the initial startup funds and the skills to adapt as your business evolves, a franchise can be a great way to wade in to the world of startup businesses.  With reported numbers as high as 95% success rates for franchisees, it's no wonder that so many people are interested in taking the risk of starting a home based business franchise rather than the gamble of trying to start a small business from scratch. 



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Tuesday, June 8, 2010

When To Seek Legal Advice In Your Home Business

As the title of this article suggests, getting legal advice related to your home business is not an 'if', but rather a 'when’.  Among other things, having a lawyer review any legal documents or contracts you may draft or sign, while expensive, will more than pay for itself if you should ever run into problems down the road.  Think of it as homeowner’s insurance for your home business; hopefully you’ll never have to defend a patent or dispute a contract, but if someday you do, you’ll want to know that you have an airtight case legally.

The typical approach for most first time entrepreneurs is to only bring a lawyer into the situation when they feel it is getting out of hand, however much of the work a lawyer can do for your small business will preempt problems that may arise down the road.  It is not uncommon for a small business to work regularly with a lawyer and in many cases, bringing a lawyer onto the team can be a great idea to keep you legal from the beginning and every step along the way.  This is often cost-prohibitive for new small businesses, however giving away even a small piece of the company (perhaps 1 or 2 percent) will be well worth it if it buys you legal expertise from the outset.

If you neglect to consult a lawyer at the beginning and even decide to draw up your own contracts and foundational documents without a lawyer, if someone decides to take legal action against you and your company, this is where you will absolutely need to seek the help of a lawyer.  Depending on how you incorporated your small business, you may have left yourself liable personally, and if you neglected to properly patent any technologies you are selling in your business, it may be a game ender for your business.  The moral of the story is, find a way to get legal counsel at the outset of your business, if you can’t afford it when you’re starting out, reach out to a relative or friend who is a lawyer and simply asking their advice on which type of corporation to form will help protect you personally if you run into trouble down the road.



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The Cost Of Starting A Home Business

Like anything in life, neglecting the small things, when it comes to your business, can ultimately be your undoing.  You can have the smartest idea for a breakthrough product but forgetting to patent your new technology leaves you vulnerable and ultimately all you have left is a product that a big company will come along and scoop up, and you’re right back where you started.

Setting up your business the right way from the start is the same way; missing one small step (or even doing the steps out of order) can leave you vulnerable and, in some cases, personally liable for any potential lawsuits and damages.  One of the first things you’ll need to do when starting your business is to incorporate.  An LLC will often be the best option when starting a home based business, as it will provide a great amount of protection, it’s fairly painless to setup and is a fairly inexpensive way to incorporate.  Incorporating is much cheaper if you do it yourself, but hiring someone to do it for you will ensure that you don’t forget to dot the i’s and cross the t’s.  The last thing you want is to find out 5 years down the road that you’re not protected because you filled out the paperwork incorrectly.  A service like this will typically cost around $500-$1000.

Taxes and fees can also add up when starting a new business.   You’ll need to pay a filing fee for your corporation, fees to the secretary of state (if applicable), and first year franchise taxes.  General excise taxes and quarterly state taxes are ongoing taxes, but will add even more to the initial costs; keep these in mind when planning your first year’s budget.  Hiring a CPA is recommended to make sure that you don’t forget anything and so you can take advantage of any tax breaks specific to your business/industry. 

Fees, taxes and filings can be overwhelming (especially since the majority of entrepreneurs are strong leaders, but not necessarily detail-oriented).  This is perhaps the strongest case for starting a franchise, because the franchisor will provide guidance, assistance and in many cases will handle the initial paperwork and first year budget planning.  If you’re apprehensive about starting your business after reading this article, make sure you look into the option of a franchise and ask the franchisor what support services they provide.


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Monday, May 31, 2010

Coffee News franchise establishing themselves as the cream (and sugar) of the crop

William Buckley can tell you first hand that the seeds to entrepreneurship are often found during more difficult times.

Almost 20 years ago, Buckley lost his job with one of Maine’s largest savings banks due to a merger.  After several interim jobs, he discovered Coffee News, a small publication given out in coffee houses and other eateries.  The advertising opportunities intrigued him enough to buy his own Coffee News local territory.

To say he took to this business opportunity would be a bit of an understatement.  Buckley and Coffee News went together like, well, coffee and the morning paper.

It took only a year for the Canadian based company to see something special in Buckley, and offered him the rights to franchise all of the U.S.  Eventually, Buckley would go on to purchase the company and gain control of the world wide publishing and distribution rights.  Coffee News now has 1075 franchisees in over 22 countries.

Coffee News is a weekly restaurant publication delivered free of charge to restaurants, coffee shops, hotels, hospitals, nursing homes, doctors offices, walk in medical clinics, employer break rooms or anywhere people sit, and wait or eat.  Coffee News only has good news and no bad news and is filled with fun interesting stories , jokes and trivia.  Small and medium sized advertisers purchase space in the publication in exclusive ad spaces.  Only one business per industry category and restaurants are not allowed to advertise unless in tourist areas.

Like most home based businesses, franchisees can choose to run their territory on a full or part time basis, but he states that they “prefer full time publishers.  Some stay at home Moms can publish one or two franchises if the children are in school.  On the other hand we have some publishers who own 22 franchises and employ several people. “

With over 1000 territories being run, including home offices in Mexico, Venezuela, Spain, Canada, and New Zealand, franchisees come in all shapes and sizes.  “We look for people who like people, have good sales and networking skills and are self starters,” says Buckley.  “If they have a desire to work for themselves and be independent and make in excess of 100k per year, we would like to talk to them.  We have had some excellent military retirees, and other early retirees who have done extremely well.  They must enjoy going out on the streets to meet the business owners in their stores.”

Business is thriving, up nearly 25% this year alone.  “Coffee News is a  very affordable advertising medium for small to medium sized businesses that do not have large advertising budgets.  People love to read Coffee News.  It is universally attractive so advertisers get great results.”

All this points to a great work from home business opportunity.

According to the Coffee News website, surveys show that the Coffee News publication is read five to seven times.  “It has been proven that people absorb more advertising messages before or during eating, as there is a need for mental input -- food for thought-- during this time period. Coffee News is designed to take full advantage of this fact.”

In 2008 Coffee News purchased a large printing company in Houlton, Maine.  This facility is responsible for printing over 11 million copies of Coffee News a year.  Not outsourcing the printing is one of the many ways the franchisor keeps costs down, making it one of the more affordable franchises to buy into.  To buy into this home based business, a franchisee needs only $8000 for their first territory.  Additional territories are then discounted to $5500.  Financing is also available after the purchase of the first franchise.  The average publisher owns 3 franchises.

To help franchisees reach their potential, free 2 ½ day training sessions are offered led by corporate staff and veteran publishers.  Some topics that may be covered are sales, ad design, billing, collections, distribution, marketing, and startup.  This program is optional to take, however, 95% of existing Coffee News publishers have attended.  Additional support includes mentor programs, personal calls, free Quickbooks software with a built in Merchants services program for charge cards, conferences, newsletters, regional meetings, and online chat groups.

Advertising experience is not a necessity to be a successful Coffee News franchisee.  The operations manual not only teaches how to design ads, but also how ads work, giving the franchisee a better understanding of the business as a whole.  The tools provided will allow franchisees to help small businesses even in trying times, making this a home based business opportunity that can thrive during recessions. 

“Why be limited to a paycheck when you can make as much as you want” offers Buckley. 

There are thousands of franchises available, and Buckley is proud to point out that only 2% of them have over 1000 franchisees, a true sign that his quick growth was no fluke.  Will this type of success continue?  Its safe to say that as long as coffee and the morning paper continue to form a powerful partnership, we can expect to see Coffee News take advantage and thrive.

 


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Home Business Tax Strategies

The primary motivating factor for owning your own business is making money, but what good is making money if you don’t get to keep it?  When you factor in income tax, state sales tax, and any of the other taxes you pay, it’s not uncommon to find that by the time you actually spend your money, you’re left with only about 50% of the original amount.  This is because as an employee of a business, every purchase you make is with after tax dollars, and then you are taxed again when you purchase something with those after tax dollars. 

Many people understand the concept of tax-deductible purchases, but as a business owner, you can make those same purchases with pre-tax dollars.  For example: if you needed to buy a computer for your small business, you can purchase this with income from your business and never pay federal taxes on it, whereas as an employee, even if you were able to fully tax deduct that purchase at the end of the year, you would have to get those dollars back in the form of a tax refund. 

Small business owners will also only be taxed on their profits.  This can be a difficult concept for those who have never owned a business before, but consider the following example. 

Joe has a delivery business; he made $100k last year gross; he spends 50% of his gross on fuel, therefore his profit is $50k so he is taxed $15k and is left with $35. 

Sam works as an employee for a delivery business where he has to purchase his own fuel, but is compensated with a higher salary.  He earned $100k last year and spent $50k on fuel, so he paid $28,000 in taxes, $50k in fuel and was left with $22k.

Admittedly, this is an overly simplified example, but you can easily see the tax benefits a small business provides.

Finally, let me say that I am not a tax professional, but rather an entrepreneur, so please consult a tax professional if you have specific tax questions or questionable deductions.

 



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Monday, May 10, 2010

Home Based Business Franchises On The Rise

For decades, franchises have been a staple of the American economy, but the barrier to entry has typically been several hundred thousand dollars (if not millions).  Franchises offer the stability and success rate of a well known (and well proven) brand and business strategy, while still requiring and employing many of the entrepreneurial skills required to run a startup.  A growing trend in the last few years, however, has been the advent of inexpensive, and highly lucrative, home based business franchises. 

  

The businesses range from lawn care and home maintenance franchises like CleanPro USA (an entirely innovative spin on carpet cleaning), to entirely web-based franchises like L&L Opportunity (a home based business that delivers groceries directly to the customer’s home) and this home based segment of the franchise market has taken off over the past few year, quite unexpectedly.  While a home based business is attractive to many people simply because of the fact that you get to work from home, the recent recession and the rise in technological advances over the last several years has made the prospect of starting your own home based franchise more attractive than ever.

A struggling economy is bad for just about everyone, and just about every industry, but one thing that seems to thrive when the economy doesn’t is home based businesses.  This is not to say that home based businesses only succeed in poor economic times, but rather; starting a home based business entails investing in yourself, and that is one of the best investments you can make in an unstable economy.

The economy, however, is not the only reason that home based businesses have seen a bump in popularity lately; technology in general (and the internet specifically) is allowing sophisticated businesses, that typically would have taken an entire staff to operate, to be run out of a home office, sometimes by a single person.  Having the ability to advertise, take orders, ship product and schedule services all from a website makes the entire process for many home based businesses much easier (and much cheaper) than ever before.

Franchisors have capitalized on this new market as well, enabling budding entrepreneurs to start and run their own home business without any formal training, and without even having a “million dollar idea” of their own.  While many people unfamiliar with the category might associate the word franchise with fast food restaurants and chain-stores in the mall, there’s a vast number of franchises available today that can be operated with as little as one employee and can be started sometimes from anywhere from a few hundred dollars up to tens of thousands, depending on the particular type of franchise.

An important thing to note when digging further into the world of home based business is to know the difference between legitimate home based businesses and work from home scams.  Drive through any metropolitan area (or browse the web for 20 min for the matter) and you’ll no doubt come across someone claiming that you can make upwards of ten thousand dollars per months working from home without any real effort or skills needed.  Make no mistake, there’s still no such thing as a free lunch, but modern technologies have enabled legitimate home business opportunities, just know what to look for.  You can find legitimate franchises through a reputable franchise broker; unless the franchise you’re looking at has been recommended by someone you personally know and trust, or by a reputable franchise broker that has vetted the franchise and made sure that it’s legitimate, don’t take the risk.  A sure fire way to spot a scam is when you’re promised a lot for very little.  A real home based business will require a lot of hard work to get started, and will require hard work to maintain it.


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