CA

How to Start a Nail Salon: Cost and Profit Margin in This Business

Posted by JC White on in CA 0 Comment

Nail salons are profitable businesses that cater to practically everyone. Although getting manicures and pedicures are technically luxury items, most women (and some men) consider it an affordable luxury, and sometimes even a necessity depending upon their job and personal tastes. Opening your own nail salon takes some work and knowledge, but can be a great investment and career.

Types of Nail Salons

Before you embark on starting up your own salon business, consider the different types of salons first. Depending upon your budget and schedule, you may want to start off gradually first, and branch out as you become more successful.

  • If you are just starting out and don’t have a lot of funds or clients, consider a mobile salon. With a mobile nail salon, you take your supplies to a customer’s office or home and provide your services at their convenience and comfort.
  • A home office salon is another option if you are light on funds. Running a salon out of your home cuts out a lot of overhead costs and can be a great stepping stone until you are ready to expand.
  • Buying into a franchise will give you the advantage of a brand name and reputation but it will also cut into your profits and limit your abilities. Franchises offer training and help setting up equipment, but they limit the way you can market and the vendors you can use.
  • If you have the knowledge and funds available, a retail store may be the answer for you. Choose your location carefully so that your store is visible and easily accessible.

The Business Plan

  • A business plan will be needed before you do anything else. The business plan is your guide from start up to projected expenses and profits.
  • If you are planning on obtaining funding to start up your salon, you will need a well-written business plan to show to the banker or broker.
  • Business plans keep you on track and help you reach your five, ten and fifteen year milestones.

Paperwork

  • Once you have decided upon they type of salon you are going to have, and the budget you have to work with, you will need to obtain the proper paperwork.
  • Licenses vary depending upon the state, county and type of business. Be sure to check with your local Chamber of Commerce to discover the exact type of license(s) you will need.
  • Insurance is a must have in the salon business. As with licenses, the type of liability and other insurance requirements depend upon your business variables. Contact an insurance agent to discuss your needs and requirements
  • Another must have piece of paperwork is a permit, or permits. Check with your local Chamber of Commerce or permit departments to see what kind of operating and other type of permits you will need for your salon.

Marketing

  • Observe nail salons in your area. Visit them and study their operations, the type of equipment and products they use and their prices. Do they have packaged deals that attract customers that you can utilize?
  • Offer coupons and discounts to surrounding businesses to help promote your salon.
  • Go to fashion shows and other community events where you can set up a display booth to advertise.
  • Perhaps you can even advertise home parties where you go to a customer’s home and provide manicures and pedicures for them and their guests. Be sure to have a variety of nail polishes and other products to sell to the guests.

How to Sell Your Business Quickly At the Highest Price Without a Broker

Posted by JC White on in CA 0 Comment

Selling property, a house or a business takes a lot of organization and hard work. There are legalities to be aware of, financial statements and planning to provide and a host of other responsibilities. Knowing ahead of time what you will need and preparing in advance the financial documentation will benefit you when you begin the selling process.

Steps you Need to Follow to Sell your Business

Getting the Business Ready for the Market

  • Before you think about putting a business on the market, you need to be sure that it is in top shape and marketable.
  • Look at your business from an outsider’s perspective. Is it neat and clean? Make sure any repairs are fixed and the paint is not faded or chipped.
  • If the business has a yard, be sure to have the area nicely landscaped and well maintained.

Financial Records

  • All prospective buyers (and their bankers) will want to see at least three to five years worth of financial statements, tax returns, etc.
  • Your financial records will show the prospective buyers your profit margins. Do not be overly concerned if you do not have high profit margins. Some buyers are not going to be as interested in the profits as they are in their own plans for the business and location.
  • You should already have a business plan that you created before starting your company. Update the business plan to include projections of profits for the next five, ten and fifteen years. Buyers will be interested in this. If you do not have a business plan, be sure to create one before putting your company on the market.

Determine the Value of Your Business

  • The type and condition of the business have a lot to do with determining its value.
  • If a business is in need of major repairs or doesn’t have a good profit record, the value can be based on the assets within the company. Intangible assets can include items such as an established client base, brand name and permits.
  • If the business is doing well, the value may be determined by cash flow and profit expectations. This is where the business plan would come in handy as it will show the projected profits for the next several years.

Prepare a Selling Memorandum or Selling Book

  • This book is very important as it tells the buyer the factual aspects of the company as well as ‘selling’ these aspects of your business.
  • You will want to include an introduction about your company. List the type of ownership (corporation, individual, ect) and a brief history of the business.
  • Put in the selling terms; the price, terms, length of contract, etc.
  • Discuss your customer base, products and equipment so that the buyer will get an idea of the opportunities they will be getting by purchasing your business.
  • Include financial information such as a detailed five year business plan and explain the last three years of your financial statements.

Negotiating

  • Negotiating is a big part of any type of sales, and selling a business is no different.
  • Negotiate your needs. For example, do you have certain employees that you would like to continue working for the company even after it is sold?
  • Negotiate the terms. The price is important, but the terms will make the deal. Perhaps the buyer needs more time to pay off the loan or you need a larger down payment.
  • Setting the Price. You’ve already set the price in your selling book, now let the buyer suggest their offer first and begin negotiations from there.

How to Start a Sandwich Shop Business: Plan and Tips you Will Need

Posted by JC White on in CA 0 Comment

As the work force gets ever busier, there is less and less time for them to prepare their own meals or find the time to sit at a restaurant for a full three course meal, especially not during lunch breaks. This creates the perfect opportunity for you to exploit. Here is how to start you dream sandwich shop.

Choose Location Wisely

  • The location of you sandwich shop is critical, it must be accessible to all your targeted customers with ease.
  • The customers may be industrial workers in and industrial are, office workers down town or folk on the street.
  • The structure you choose must also be acceptable and aesthetically pleasing to your customers.
  • It may not be wise to invest in your own free standing permanent structure as property taxes and mortgages will severely erode your profits.

Get Licensed

  • The local authorities will require you to get a business license and a health inspection certificate before you are fully operational, so ensure those bureaucratic matters are handled, as overlooking them will lead to steep penalties and fines.
  • Renovate the property to reflect the new purpose to which it will be used, following any guidelines set by the health inspectors.

Create a Unique Menu

  • The menu of a sandwich shop is biased towards the sandwich, so make sure you have all the different varieties that your customers would request. Decide if you will buy prepackaged sandwiches or you will prepare yours on site.
  • The preparation of your own sandwiches on site will give you the flexibility to make customer specific orders, a thing that will increase return sales.
  • Stock other common items that would go together with a sandwich like soft drinks, sweets and fruit juices, so your customer can get it “all under one roof”.

How to Advertise Sandwich Shop Business

  • Expose yourself to your customers, let them know that your there, make big signs, label your premises appropriately and visibly.
  • You can make flyers and had them out to the people in the immediate reach of the premises, make posters and post them on prominent billboards.
  • This is a fiercely competitive business and every opportunity to outsmart the competition in catching the customers eye must be taken.

What to Expect

The following is a decent summary of what to expect in an average sandwich shop in a busy metropolitan city with a population of over 1 million, located in a prominent easily accessible point on one of the main streets in the city.

Break-even Analysis:
Monthly Units Required for Break-even 13000
Monthly Revenue required for Break-even $42000
Assuming:
Average Per-Unit Revenue $3.5
Average Per-Unit Variable Cost $1.4
Estimated Monthly Fixed Cost $26000

Capturing the Market

  • The business will also need a plan of action, on how to attract various segments of the target market that is identified by a thorough market research. Here is an example:
  • Downtown: Target downtown workers via advertising and word of mouth.
  • Tourists: The strategy will be to stand out from the other sandwich shops on the street, and letting people know our food is high quality and is fairly priced.
  • Weekend Shoppers: If only a small proportion of these are netted, then the business will make reasonable revenue and profits

How to Start a Sheet Metal Business: Plan, Opportunities and Strategies

Posted by Scott Wilson on in CA 1 Comment

Question: I want to start my business in Sheet Metal Component on manufacturing and labor contract basis. I want your suggestion and guideline to start this business. How can I marketing my business in this field.

Answer : This is a B2B business and services. In this field you can not advertise directly through the conventional media. So you have to work through your contacts and links or you can also get information from business dictionaries and go and convince your clients personally. This business will take some time to get a boon. So don’t worry, it is not impossible.

What is Sheet Metal Business and How to Start

The sheet metal business industry is very big and very diversified as well. It produces a huge amount of metal. Everything that we can think of has an element of sheet metal. From an air-conditioned to airplane, an automobiles to railway, from kitchen to factories, everywhere these sheets are used. . This ultimate diversity of this product makes this business very lucrative and potential. There are lot many opportunities in this business

Sheet Metal Business Plan and Strategies

First of all, decide what kind of sheet-metal business you want to start. There are many socialization in this business as well. Different workers specialize in different types according to their skills. Some workers emphasize on manufacturing such as ductwork. There are many workers who are generalized. They make according to orders.
You need to have an identity of your business. Your business should be registered in to city clerk’s office. Chose a name for your business and register your business with that name. You need to make sure that your name is not used by others before. Your name should be totally new. Get the license to start the business if needed.

Now you need a space for your business. You need a warehouse to keep your raw materials. You also need a retail outlet to sell your stuff to the consumers. You can sell your products to the corporate also. You need to have a strong sales team for selling your sheets in bulk.

As far as finance is concerned, you can have loans available from the banks. You just need to invest 25% – 30% as margin money. The rest will be financed by the banks if your project is viable and feasible. Prepare a project report of your business. Keep estimated sales on papers and propose these papers to the banks.

Look forward for efficient, experienced and intelligent workers. You need your man power to be very strong to succeed in this business. Strong people needed to cut, weld, joint, bend and transform the sheets in to a commercial product.

Here business to business marketing will work,. Develop contacts with different builders, construction companies, distributors, wholesalers etc. Your network has to be strong to survive in this business. Advertise in industrial magazine if possible. Always strive for improvement in sales.

Once you start this business, game doesn’t end there. There is a fierce competition in this business. You need to be alert constantly. Your eyes should be observing competitor’s movements. You have to score higher than your competitors to increase your market share and go ahead.

If you need any further help, you can freely ask questions.

How to Start a Nursing Agency Business: Plans and Ideas to Nurse Business

Posted by JC White on in CA 2 Comments
  • Health care is one of those industries which are taking hike in current economy. Health care is one of the basic needs of human being. It is the industry which is constantly in demand and increasing potential. Professional of this industry is really needed all over the world. Doctors, nurses, hospitality staff are the needed people in this industry. Due to the mass commercialization of hospitals and health care products, need for these professionals increased.
  • Nursing agencies provide personnel to these hospitals and health care companies. These are the entities which work as the mediator between the nurses and the hospitals. These agencies provide training to these professionals and give them employment. These agencies have tie-ups with big hospitals and they have timely contracts for recruitments.
  • It is difficult for hospitals top find the right number of professionals in right amount and at the right time. They always approach such nursing agencies. These agencies have tie-ups with nursing colleges as well.

How to Start a Nursing Agency Business

  • First of all, get all the details of this industry. You need to know the in and out of this industry if you want to get tin. You need to have information of all your competitors and opportunities available in the near future. If possible get dome work experience from some nursing agency.
  • Then you need finance to start this business. To start this business, you don’t need too much money. You just need an office from where you can start your work. Al other things will work on hard work and contacts.  Then register your business under the local respective authority.
  • As far as contacts are concerned, you need to have contacts of all the nursing colleges and most of the hospitals. You need to shot your marketing activities on them. Every nursing college can not provide their students with proper employment. Here you can go and have some mutual understanding with these colleges. You get the pool of candidates.
  • Now next step is to concentrate on openings in all hospitals. You need to be aware of al those openings in all the hospitals. Go to these hospitals with fixed-up appointments. They will arrange a placement cell for your candidates and hire them according to their need. They will pay you the commission as pre decided between you both.
  • This is how this business works. There is a very bright future waiting for this business. If you are interested is Human Resource Management, then this is the best field for you to work.

How to Start a Soap Making Business: Plan, Ideas and Recipes Required

Posted by Lili on in CA 2 Comments

Behind every business, there is some vision of the entrepreneur. If you have the vision, idea, passion and interest, you can surely star your own business. Soap industry is a huge industry. Everyone on this earth is civilized enough to use soap and people use soap on huge scale. There is no end of this industry. This industry will expand in future and will not stop ever. If you are interested in this business, you can make a wise decision to get in to this business. If you count today, there are more that 10,000 different brands of soaps. This is the indication that there is place in the market and you can enter.

How to Start a Soap Making Business?

  • To start a soap making business, you have to take several decisions before going ahead. Do you want to start it on a small scale or a big scale? Do you want to start it from home or you want to start from a factory or a shop? After taking these decisions, register your business. Get the required licenses and permits to start this business. It is very easy to get permits and license to start this business.
  • Do a market survey of your area. You will have to look that how many competitors are there. What are there prices, whom they supply, what quality they supply etc. All these information will help you to prepare the plan. Do the environmental and social scan of your market. Understand consumer’s needs and then design your product.
  • You need finance for your business. How much you need depends upon the decision that you have taken before. According to your need, prepare a project and present it very well.  If it is a small money requirement, you can manage it without a loan. If you need more money to invest in, prepare a project report. Present it in front of some bank or financial institute. If they find your project viable, they will finance your project.
  • Now question is that how will you manufacture soaps? Know the recipes for making soaps. You will find online free books on how to make soap. You can find these books from local book stores as well. Once you are done with the recipe, you need to make some modifications.
  • The most important thing is marketing. There are so many competitors in the market. You will have to make your consumer aware that why should they buy from you? Promote your specialty and in very innovative way. If you are able to market it successfully, you can become the market leader.

Soap Making Business Plan and Ideas

There are many sub divisions of this business also.

  • Residential Business
  • Washing Powder Business
  • Equipment Cleaning Business
  • Vehicle Cleaning Material Business
  • Government Contracts
  • Dish Washing Powder Business
  • Window Cleaning Powder Business Etc.

There are so many opportunities available in this industry. If you have that interest and passion, you can make a big money out of it.

Incorporate a Business In California: Registration for Setting Up Business in CA

Posted by Lili on in CA 0 Comment

Incorporate a Business in California

A business corporation refers to a business association which has a publicly or openly registered charter that recognizes it as a legal entity separate from its own privileges or from its owners. The procedure which requires to be followed in order to become a corporation is known as incorporation. In a broader sense, it may be said that the procedure of incorporation offers the company a separate legal status from its owners. It also serves to safeguard the owners from being legally liable individually in case any suit is filed against the company.

Setting up a Business in CA, USA

  • It is mandatory to explore into all the requirements which are needed to start a corporation in California. It is general belief that venturing into a new business in California is somewhat a complicated affair. However, you can get it quite easily if you follow proper procedure. Make it a point that most of the US cities have separate terms and conditions to follow. Therefore, it is highly recommended that you get acquainted with prevailing rules that dictate setting up a business in California.
  • Find a location that is ideal for the type of your business. For this, you require to do a lot of homework. A proper location contributes much to the success of any business venture. But do not forget to calculate the operating cost that you have to cough up while hiring the property on lease. In California, lease costs vary greatly. It depends highly on the importance of the area to be chosen.
  • Make sure to write a well-researched business plan that may match the requirements of your California based business. While writing business plan, you should ask yourself some relevant questions. It would help you explore various corners of your proposed business.
  • Soon after getting confirmation about the availability of your proposed name, reserve it for your corporation. You can reserve the name by filling up Name Reservation Request Form. After completion of the form, you require to remit to California State Department.

How to Register a Business in California?

  • The incorporation procedure requires business owners to fill up forms. In order to get required form, make access to California Business Portal.
  • Before getting registered as corporation, make sure that the selected name of your business is available. You can verify it at the state department located in Sacramento through correspondence. The process involves fee.
  • The completed application form should be mailed for registration of the proposed business to the Secretary of State, Document Filing Support Unit, P.O. Box 944228, Sacramento, CA 94244-2280.

The entire process of incorporating a business in California takes a period of 6 to 8 weeks. After all the official formalities are completed, applicants would get a copy of the Articles of Incorporation along with EIN (Employer Identification Number).

Storefront Business Model & Ideas: How to Start Using Online Internet

Posted by Lili on in CA 0 Comment

Storefront Business Model

A storefront is a retail store that generally faces a street and it has display windows. Many people nurture the dream to own a storefront and sell a variety of items like clothing, artisan, electronics and beauty products. The success of a retail storefront depends on various factors. The most important factor is careful selection of items that are to be sold. Next comes the location. You cannot steer your business successfully if you end up locating it at wrong place. Ideally, your forefront business should be located in a busy mall or at a crossroad that gets high human traffic.

How to Start a Storefront Business?

There are many storefront business ideas to guide you. Some of them include:

  • Determine the type of forefront store that you are going to launch. For this, you require to make a market research to find out which items have higher selling feasibility. Some of the items that have great selling potential include garments, home decoration accessories, jewelries, books, shoes, handicrafts and leather products.
  • Get a business plan to guide your storefront business. Make sure to include key factors in your business plan. These may range from your business object to finance and marketing as well as advertisement strategies.
  • Get a business loan. You would find several financial institutions that are ready to lend you in exchange of higher interest. Therefore, obtaining finance from a bank may be a better idea as it involves less interest. Determine the amount of loan after being guided by your business plan.
  • Think over getting your business registered and licensed. First, you should collect information regarding the legal requirements in the city or county where you plan to establish your retail business. Some of the important legal requirements include registering your business name, applying for EIN (Employer Identity number), state tax identification number, resale permit and sales tax permit.
  • Lease out the space for your storefront business. You can also rent a kiosk or a small booth for your storefront business.
  • Give a facelift to your hired space, if needed. You can also use innovative ideas while renovating the store.
  • Purchase necessary supplies and equipments like cash register, racks, shelving, display tables and pricing guns.
  • Invest in buying the inventory. Whatever you plan to sell, make sure that you purchase the inventory from wholesale suppliers and distributors.
  • Follow a cutting-edge and organized marketing plan. You cannot rule out competition. So, you have to invent innovative ideas to market your products. It would help you beat your competitors. Advertisements can play decisive roles in the growth of your storefront business. Therefore, invest in various advertising campaigns.

These storefront business ideas combine to give your business great success.

How to Start a Hospitality Business: Ideas and Plan for Starting

Posted by Lili on in CA 0 Comment

Hospitality is included among one of the most sought after business options. Launching a hospitality business may promise you high entrepreneurial success. Hospitality business is known to have an expanded definition. There are lots of areas and services that are covered under hospitality. However, the most lucrative option among all these includes starting a hotel.

While you plan to initiate a hotel business, you require to think over what type of hotel matches your limitations. There are many options ahead. So, you are required to take into consideration several aspects before you determine your option.

Feasible Hospitality Business Ideas

If you are determined to start your entrepreneurial journey with a hospitality business, you require to get and manage various resources. The following tips would inform you how you can fare.

  • First of all, you should determine what hospitality business you are gong to choose. If it is a moderate type of business venture that you have planned to follow, your best option rests with starting a boutique hotel. You should also have in your mind what services you are going to offer. But before you come to any conclusion, you require to undertake extensive research over potential market and the competition level in the area where it would be based.
  • Find ways to obtain finance. You have two options ahead. One option is to look out for an investor and the other option is to obtain loan from a credit union or a bank. Approval of a loan depends mainly on the depth of your business plan. Therefore, your business plan should contain only those aspects that seem to be feasible.
  • Check out your credit report and credit score before you bag appointment to discuss the topic with the bank officials. You have to make it double sure that the credit score is accurate. If there is reportedly any error, settle it immediately. Personal credit scores play vital roles in loan borrowing.
  • Location holds much importance in your proposed hospitality business. You have to take into consideration several factors while determining the location. One important factor is business competition. Try to base your business at a place that has least competition and high business prospects.

    Hospitality Business Plan

    Business plan is the most important constituent of hospitality business. The hospitality business plan that you would develop should work as the roadmap of your potential business. Therefore, it should be ideally developed by an industry professional.

    Some of the important topics that should be contained in your hospitality business plan include business aim, business philosophy, location, license, future vision, fund, market analysis, pricing policy, operation and advertising as well as promotion. These aspects may combine to give your hospitality business plan a cutting-edge look.

    Interior Decorating Business: Plan and Ideas for Home Decor Business

    Posted by Lili on in CA 0 Comment

    Interior decoration is a very sought-after professional field. It involves great level of creativity, innovation and awareness of the latest in the fashion and style technology. Over the past decades, the professional field of interior decoration has been enriched much. Introduction of new courses and assimilation of fresh concepts have taken the discipline of interior decoration to new height. It has turned out to be one of the most preferred career options for thousand of young aspirants.

    Whether you want to work as an employee or as an employer, career field of interior decoration is rewarding in both of the capacities. Most of the trained professionals prefer to start interior decorating business of their own after they complete courses. The most important aspect of this business is that you can start it from your home. Go through the following tips if you want to initiate a successful home decorating business.

    How to Start Home Decorating Business?

    • If you do not have formal degree in interior decoration, it is strongly recommended that you should take up any short-term design course. It would help you develop your creative skill and know about the latest in the industry.
    • Pick up a temporary employment opportunity at any interior design firm. It would allow you gather practical knowledge and job expertise. An internship can also work good to improve your prospects.
    • Apply to the concerned department in your locality for a business license and registration. These requirements would help to secure your business legally.
    • Get a website of your own. It is mandatory for all types of businesses to have business websites as they are the most powerful marketing tools. Make sure that website that you create is attractively designed.
    • Undertake an organized advertisement campaign. Advertising tools such as fliers and direct mails can prove highly effective in your campaign.

    Interior Decorating Business Plan

    Getting a comprehensive business plan for interior decorating business is highly desirable. Make sure that you get the interior decorating business plan written by an expert. The business plan should address issues such as your business aim, financial resources, expenditure, advertisement, marketing and competition.