Unlocking Your Business Potential
Kristan What is a sweat equity agreement? A sweat equity agreement is a legal document signed by the partners that protects their right to equity in the company. It is important to have such an agreement between partners at the initial stages of the startup. Read more on eqvista.com The term “sweat equity” refers to the … Read more
How do you start a jam factory? To get started with the jam’s commercial manufacturing individuals will require raw materials such as food colours, fruits, pectin, sugar, preservatives, additives, etc. You may either source these materials from a single seller or procure the items from different sellers. Read more on okcredit.in Starting a jam factory … Read more
How much does it cost to run an amusement park? If successfully managed and operated, indoor theme parks and water parks can expect a return on investment from the mid-teens to 20 percent. Parks of this category run from $10 million to $30 million in development costs and from $3 million to $10 million in … Read more
What are the pros and cons of being a franchisee? The table below shows the advantages and disadvantages of franchising for the franchisee: Advantages Disadvantages Franchisees don’t have to build the brand or set up the systems and processes to run the business efficiently Initial franchise costs can be very high and it can take … Read more
How does the IRS know if I have rental income? Ways the IRS can find out about rental income include routing tax audits, real estate paperwork and public records, and information from a whistleblower. Investors who don’t report rental income may be subject to accuracy-related penalties, civil fraud penalties, and possible criminal charges. Read more … Read more
What is a good age to start a small business? People aged 35 or over are more likely to start a successful business than their younger counterparts, according to new studies. By your mid-thirties, you may be in the position to self-finance your business, meaning greater stability and minimal debt. Read more on www.businessinsider.com For … Read more
Is a micro brewery profitable? A brewery is profitable if planned well, has a good team and solid financial foundation. A retail outlet that allows for by-the-glass sales is optimal. Hyper-competition in the market today makes micros (strictly packaging breweries) a longshot. Read more on www.kissmybrew.com Even though the craft beer market has expanded significantly … Read more