| Subject | Date Asked |
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| starting a painting business | 5/20/2009 |
Q: I am starting my own painting business I have been told that it is best to be an employee of your ...
A: What you are really asking is how to structure your business - as a sole proprietorship or a ...
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| Inventory Management | 5/11/2009 |
Q: I have a few questions that I do not know who to ask. Please help or please show me the right ...
A: There are a number of suppliers of point-of-sale (POS) systems that incorporate bar coding. Search ...
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| dept performance | 4/26/2009 |
Q: How could you measure performance within the accounts department in terms of reliability and speed?
A: I believe the best measure is perfection - 100% reliability and real-time access. Measure current ...
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| referral bonuses | 3/8/2009 |
Q: Your response would be greatly appreciated. Regarding referral bonuses for our cosmetics business, ...
A: There are a number of ways you could handle this situation. One way would be to set up an ...
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| Deferred Taxes | 1/22/2009 |
Q: Do you know why the net change in deferred tax assets for the current year would be different from ...
A: I am not an expert on deferred taxes, but the deferred tax calculation is based on many assumptions. ...
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| mark up rate and inventory | 7/31/2008 |
Q: I will soon start a online shop, it will be homebase and I will sell scarfs, hats and travel ...
A: You have to do some research. Find out what similar products are selling for in various markets like ...
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| lost answer | 6/18/2008 |
Q: I lost an answer you gave me to the question "How do I find a business partner?". Can you please ...
A: I don't remember the original question and I can't find it on my past answers, so I will answer from ...
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| selling my photo business | 6/11/2008 |
Q: I have a commercial photography business that specializes in product photography for advertising ...
A: Yes, you have something to sell but how much it is worth depends on a number of factors. If you just ...
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| Sole Proprietor | 4/30/2008 |
Q: I have a business that is run as a sole proprietor. My husband is now running the business full ...
A: Yes, just file your next federal, state and local income tax returns using your husband's SS# for ...
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| gym management | 4/24/2008 |
Q: I am about to open a gym/personal training studio. I am having trouble finding resources on gym ...
A: Smallbizbooks.com has a startup guide for a personal training business. The International Health ...
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| Selling business and incorporating | 4/16/2008 |
Q: I established a computer business in 2003 that specializes in Dental Offices. I want to incorporate ...
A: Yes, you have to pay capital gains tax, but if you sell the shares soon after incorporating you ...
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| Selling business and incorporating | 4/14/2008 |
Q: I established a computer business in 2003 that specializes in Dental Offices. I want to incorporate ...
A: I think the best way would be to incorporate the business first and issue yourself the shares of the ...
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| establishing stock value in small biusiness | 1/27/2008 |
Q: I own 33 of a retail corporation (2 other family members own 33% and 34%) . I am filing FAFSA and ...
A: Valuing a business is not a simple matter. It involves analyzing the company and applying a number ...
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| assignment | 12/27/2007 |
Q: have you ever made a decision with information that was not timely,of good qaulity complete or ...
A: All decisions made in the real-world are made with incomplete information. Those who wait for more ...
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| partnerships | 12/14/2007 |
Q: upon termination of partnership, if capital account of partner b is negative, say $10,000, does that ...
A: Technically when a partnership terminates, any partner with a negative capital account is required ...
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| Small Bussiness Questions | 11/14/2007 |
Q: My and my brother have decided we would like to start up a small bussiness. Specificly a Fudge ...
A: Most licenses/permits are specific to the state and locality where you are located. Many states have ...
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| Subsidiary | 8/1/2007 |
Q: I have a incorporated business and have one separate business I run as a subsidiary within that ...
A: Yes you can pay her as a independent contractor if you do it correctly. Make sure you have a written ...
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| What is your opinion about this? | 7/29/2007 |
Q: 1. Some of my friends want to start up an organization to empower people with ideas, but my problem ...
A: 1. These loans will probably be based on nothing besides good faith to be paid back. Tell them to ...
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| SWAT Analyses | 7/17/2007 |
Q: Defination of SWAT analyses with examples
A: It is SWOT and it entails assessing an organization's Strengths, Weaknesses, Opportunities, and ...
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| To Do List? | 5/21/2007 |
Q: I want to ask some questions concerning Time Management especially the To Do List: 1- How, When and ...
A: To do lists - I am great at writing them. Not so great at completing them. There are many ways to do ...
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| bad checks | 4/30/2007 |
Q: I'm just starting out with my home-based business and just beginning to build up my clientele. In ...
A: There are several ways to deal with this issue. Many small businesses refuse to accept personal ...
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| Merchant Services | 4/18/2007 |
Q: My sister and I have just started a hair and tanning salon. We have a lot of clients who want to use ...
A: Finding the best provider is more complicated than it appears. The focus tends to be on the rate (%) ...
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| Businesses | 4/9/2007 |
Q: I would like to start an online business selling home decor and DVD movies and perhaps other items. ...
A: Actually yes that is true and the statistics on startups and failures confirm that. Like I said the ...
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| action plan | 3/15/2007 |
Q: I'm working as HR admin . , my manager asked for monthly action plan related to HR field . Actually ...
A: All I can tell you is to do some research on the web to find resources to help you. In general an ...
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| Business Management | 3/14/2007 |
Q: What is higher? A CEO or the President of the company. What is the difference between them?
A: The president is one of the officers of the company (pres, VP, sect, treas) and a member of the ...
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| bonus structure | 11/30/2006 |
Q: can you give me any insight to where i can find example management bonus plans for a small ...
A: I don't know of any specific source, but you can try searching one of the following sources - the ...
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| Sales Tax payable | 11/19/2006 |
Q: Is "Sales Tax Payable" considered an estimated liability"
A: No, although the liability may be subject to adjustments it is not estimated. The liability is ...
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| failing business | 11/15/2006 |
Q: Opened a franchise ice cream store 1 1/2 years ago. It appears now it is not in a good shopping ...
A: Find a local business broker and list the business for sale. You will have to pay a commission of 8% ...
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| Depreciation of asset | 11/13/2006 |
Q: Sir, How do I recognize accumulated depreciation of a piece of machinary sold? It originally cost ...
A: Here is the entry assuming it was sold at a gain. Debit accumulated depreciation for the amount of ...
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| Petty cash fund | 11/2/2006 |
Q: Sir, I have a petty cash fund we want to decrease from $200 petty cash fund to $75. I have $45 in ...
A: To do it in 1 entry: debit the cash payment expenses for $45, debit the account you are going to ...
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| Line of Credit/Short-term note comparison? | 10/26/2006 |
Q: Sir, can you briefly explain how a line of credit differs from a short-term note payable? What is ...
A: A line of credit is an approved credit line similar to a credit card. You can advance loans at any ...
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| Annual Financial report | 10/19/2006 |
Q: I have a boss asking me for the up-to-date annual financial statement to share with a bank he has ...
A: I would suggest making as many of the adjusting entries as possible then adding a disclosure that ...
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| Inventory issues | 10/18/2006 |
Q: What are the advantages/disadvantages of using the perpetual inventory system in a small apliance ...
A: A perpetual system lets you know exactly what you have in stock at all times. Manual systems are a ...
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| need to ask | 8/17/2006 |
Q: please i have a question frequent on my mind hope you aid me ; if i have a company & sure i have ...
A: There is no way to eliminate this risk, but a combination of non-disclosure, confidentiality, and ...
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| gas allowance | 8/11/2006 |
Q: I work for a tribal housing authority. I have a salary and the board gave me a gas allowance. Can I ...
A: It depends on whether the authority's reimbursement plan is considered an accountable plan by the ...
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| Gas Allowance for business use | 7/17/2006 |
Q: Greetings Mr. Coffman; First off thank you for voulunteering your time and your expertise. A little ...
A: If you are not keeping a mileage log you need to start. Just keep a small note pad or pocket ...
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| Partnership | 5/27/2006 |
Q: My brother-in-law and I want to open up a business. We will develop a corp and he will be the one ...
A: Since you will be forming a corporation there is no partnership agreement. What you need is a ...
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| Support & Maintenace contract fees | 12/1/2005 |
Q: I have recently become an independant consultant & network support specialist for small to meduim ...
A: There are several ways to do pricing. Cost (time), market and value are the most common. For cost, ...
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| selling a business | 8/19/2005 |
Q: My wife and I together own a residential cleaning service- annual gross of about $50,000. We are in ...
A: First of all 150K is way too much. Industry rules of thumb are more like 50% of annual gross ...
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| Record Keeping | 1/30/2005 |
Q: I am a licensed acupuncturist and plan on giving the "paid online surveys" thing a whirl. If the ...
A: There are several options. One is to purchase a low-end accounting program like QuickBooks. It gives ...
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| Subsidiaries | 10/13/2004 |
Q: 2 Followup Questions: 1) What is the minimum percentage a parent company can own one of its ...
A: Regarding the first part, I am not an expert on business combinations so I don't know. I think it ...
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| Subsidiaries | 10/12/2004 |
Q: BusinessIn the US is there any way a subsidiary company can be owned by the person managing the ...
A: For it to be a subsidiary the parent must have an ownership interest, but it does not have to be ...
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| Planning process(this is not a homework question) | 9/22/2004 |
Q: planning is often described as the premier function of management. Clearly define the planning ...
A: The planning process contains 5 basic steps. 1) Evaluation to determine greatest strengths and ...
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| how to price this business? | 8/13/2004 |
Q: I started a event management company year ago, but later found that it was too heavy capital to ...
A: I am not sure what you mean by maximizing capital paid up. Capital is the sum of the net resources ...
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| Business Information | 6/9/2004 |
Q: I want some information about starting a business. I want to establish a corporation for this ...
A: Check out the resources at the Small Business Administration (www.sba.gov). They have many free or ...
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