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Mikelo asked:


I need assistance to get my questions answered regarding starting a retail business:

1. Which retail business would be best to start and why: a) Specialty retail business or b) Mail order business?

2. Which type of business is more predictable and does not change often: Specialty retail or mail order?

3. Many people say that PASSION is important when it comes to starting a business because the owner will have to work long hour to make his or her business a success. I agree with that but can you explain to me why there are many people out there who started their successful businesses outside their PASSION?

4. How can I choose products and services to sell that fit my personality and are part of my values?

5. I took a Myers-Briggs personality test and the result of the test shows that my personality type is an ISFJ (Introverted, Sensing, Feeling, Judging). Would someone like me who possess this personality type can become successful in operating his or her retail business?

Joann

w_danko asked:


I know that some of the requirements to get certified as a woman owned business are financial statements, leases and proof of past operations under female direction. What if I am just starting a business? There are no previous financial statements and I intend to operate out of my own house. Can I still be certified as a woman owned business? I am in IL if it makes any difference.

Gabriel

johndmershon asked:


I want to give my son my business without charging him any upfront money. I would like to pull a small income from the business each month as a retirement. I dont want a share in the business just a guaranteed payment each month. I have been in business since 1983 and have annual average revenue of $225,000. My son has been working with me now for the past 8 years and has shown great leadership skills.
I am concerned about things like tax ramifications of not handling this properly. Our business isnt incorporated instead it is a sole proprietorship. Would it be better to incorporate and retain a share of the business while giving my son the majority? Also I have a house for sale currently but it is pre foreslosure. I have a buyer lined up and we are in the midst of negotiating the home sale. If the house were to fully be foreclosed would this affect the business and perhaps even void the business sale?
Thank you for any honest advice.

Simeon

mrcharlie69 asked:


I have a small e-business, and I would like to know if it’s possible to build a significantly high level business credit score?
Also, can you build a business using business credit?

Eric

Brian_Urlacher_54 asked:


What are some tips on starting a business type thing in which i do odd jobs, ect. Im a 15 year old and i may talk to my friend about starting one together. How much should i charge?? What could I write on the flyers? What types of jobs should i do?? ectt… Im doing this becuz i am trying to save up for a car *getting license in august. and turning 16 in april.*

Billy