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Type: Posts; User: cpefley

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  1. Replies
    116
    Views
    27,485

    I would say that the tipping point was whether or...

    I would say that the tipping point was whether or not there is anything proprietary about your business. Is there something that someone else can snatch up quickly and you really need to get ahead of...
  2. Replies
    70
    Views
    19,936

    If I had unlimited capital, I don't think that...

    If I had unlimited capital, I don't think that I'd need a business! I would travel the world spending it! However, if I had enough capital and no chance of failing, I think I would want to non-profit...
  3. Replies
    6
    Views
    1,777

    I agree, a loss is a loss, and it will be on your...

    I agree, a loss is a loss, and it will be on your Profit and Loss, so you can definitely deduct it. Where does the the international part come into play? You said it was from a local distributor in...
  4. Thread: Bitcoin

    by cpefley
    Replies
    159
    Views
    29,139

    Absolutely agree. It was a fad, and there isn't...

    Absolutely agree. It was a fad, and there isn't money to be made in BitCoin anymore. I feel a little bad for the investors, but that is the risk of investing. What happened with Mt. Gox will only be...
  5. Replies
    7
    Views
    2,154

    I think you're absolutely right. I don't think...

    I think you're absolutely right. I don't think the profits are there with dropshipping, and I don't like not having control over inventory. You can't ensure quality, and paying customs fees will put...
  6. Replies
    29
    Views
    12,784

    That isn't necessarily true. Sometimes, it is the...

    That isn't necessarily true. Sometimes, it is the wrong business for you, and the smart people know when to switch gears, and get out. If you force a failing business, you'll end up losing your money...
  7. Replies
    12
    Views
    6,949

    Do you have any samples of clothing made? You'll...

    Do you have any samples of clothing made? You'll need capital both to start production of your designs, and to launch a website. It sounds like you need a good business partner that can help you...
  8. Replies
    22
    Views
    4,746

    Hopefully the labor board can help. I definitely...

    Hopefully the labor board can help. I definitely would try routes that don't involve hiring a lawyer, but as a last resort. Although, that might be the only option that will get your anywhere.
  9. Replies
    19
    Views
    8,533

    Templates are great for making websites will...

    Templates are great for making websites will little knowledge on how to create one yourself. In fact, simplicity is often appreciated by customers and clients. It also depends how interactive you...
  10. I hope that the employer is willing to train. If...

    I hope that the employer is willing to train. If not, it is going to be very difficult landing a job that isn't an entry level position, if you don't have experience in the field. I definitely...
  11. Replies
    78
    Views
    32,470

    That is a good point. Sometimes the government...

    That is a good point. Sometimes the government has programs that can help start up businesses. I would check sba.gov for more information.
  12. I believe that you can claim expenses in the year...

    I believe that you can claim expenses in the year that your business is formed, but I'm not sure about a year prior. I doubt it. You can call the IRS or a tax professional to make sure.
  13. I think the obvious one would be a nail salon,...

    I think the obvious one would be a nail salon, unless the hair salon offers those services. Also, a tanning salon would be a great store to have next to a hair salon. Anything that has to do with...
  14. Replies
    71
    Views
    10,943

    No, that is not true at all. The $600 level just...

    No, that is not true at all. The $600 level just means that if a source pays you at least $600 a year then they have to provide you with a 1099. You have to pay tax on ANY income that you make, it...
  15. Replies
    17
    Views
    8,956

    You really shouldn't waste your time with scams...

    You really shouldn't waste your time with scams like this. Not many people are dumb enough to partake in these chains anymore. In fact, they date back to last millennium. Get with the times and come...
  16. Replies
    29
    Views
    5,083

    Be honest. If an employee goes around thinking...

    Be honest. If an employee goes around thinking that there is nothing wrong with their performance, then they won't improve. If you have to say no, say no. Sometimes being the boss means giving bad...
  17. Replies
    20
    Views
    3,764

    Real Estate is so competitive! I know someone who...

    Real Estate is so competitive! I know someone who markets herself as a Realtor, but she also has a tax preparation business, and I saw her working at Bath & Body Works. I'm guessing the real estate...
  18. Replies
    37
    Views
    24,227

    You know what I worry about? Driving very...

    You know what I worry about? Driving very carefully, because everyone that you drive near has your phone number. If you cut someone off, expect a nasty message. I know it seems silly, but it happens.
  19. Replies
    42
    Views
    7,769

    Mine is boring, and I don't process payments. I'm...

    Mine is boring, and I don't process payments. I'm a blogger, so I just receive payments, and I use PayPal. I don't have stock or inventory, so my taxes are very easy to prepare too.
  20. Replies
    92
    Views
    19,760

    What is your daily routine like?

    My work schedule varies, sometimes I work in the morning, sometimes at night, but my days are pretty full. Sometimes, when the kids are at school I sneak off to the library or Starbucks to work....
  21. If you are laying them off, how can you afford to...

    If you are laying them off, how can you afford to compensate them? I would definitely try to give them enough time to make preparations to find another job, if you can. I would also write...
  22. Replies
    57
    Views
    11,765

    I never had an issue opening a business account....

    I never had an issue opening a business account. I went in, talked to a banker, and it was open quickly. Maybe you should talk to a different bank. That doesn't seem right. For me, it was just as...
  23. Replies
    12
    Views
    2,072

    These are about everywhere. They are groups where...

    These are about everywhere. They are groups where people in a certain community join a group and sell items. It is great. I have found some deals and also sold on there. Much better than Craigslist,...
  24. Replies
    175
    Views
    25,982

    I do. I use it for posting links, and sharing...

    I do. I use it for posting links, and sharing information. I love it because you can use it for free, or utilize the Facebook Ads and promotion if you need more exposure. Twitter, Reddit, LinkedIn,...
  25. Replies
    78
    Views
    32,470

    Business credit is different from personal...

    Business credit is different from personal credit, so it might not be a problem. However, it would help to know exactly what type of business that you are trying to start. Credit may or not be an...
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