Starting even the simplest hotel or inn is a venture that carries with it a high amount of risk. Here are four top mistakes to avoid when opening a hotel business. Mistake 1: Not Raising Enough CapitalA hotel owner generally purchases the property of the hotel, and the down payment alone may be substantial. Factor in all of the additional costs before you can invite a guest inside - renovation, HVAC, electrical, plumbing, computer systems,...more
The cost of sales for a photography studio represents the direct costs of each job. Costs which support these jobs, but are shared among a number of jobs, are accounted for separately on your income statement. Knowing your cost of sales helps you to determine the gross profit you earn from a given job. It is this number, rather than the price of a job, which you should use to study the profitability and value of different jobs and clients.What...more
When preparing your bar financial plan, you will need to show an understanding of the cost of starting up the business before a cent of revenue comes in. Pay attention to estimating the following key categories. Leasehold Improvements Leasehold improvements, defined as fixtures and additions to the space made by the tenant, can be a significant cost, especially if the space was not previously used as a bar. Lighting fixtures, sound equipment, booths, the bar itself, and storage spaces are all included in this category. Before starting the lengthy process of talking to all of the necessary contractors to do the needed work, consider talking to someone who has opened a similar business, such as a bar or restaurant, to get a ballpark sense of what the costs may amount to. Licensing The liquor license can be a large cost, but the work of getting this license can increase this cost even further. It may be worthwhile to hire an expediter if you are inexperienced with the local and state government application process. Beyond the liquor license, you will need to pay for incorporation and a general business license, and probably a certificate from the state or local department of...more
Are you setting up a non-profit organization? Don't ignore the specific, technical steps you must take to set up a new non profit organization. Although they will vary depending on your location, here are some guidelines for American non profit organizations.501-c-3 or Fiscal Sponsorship? Most independent non profits are incorporated under the...more
Wholesale kid garments is catching the attention of many people because of money making return. If you as well want to start this trade other than you don't have the suitable place for it then don't be concerned you can start it over the internet too. Secondly, if you wish for to establish this trade as a part time or second trade then you can hire...more
Author: Lynne SaarteCatalog printing might look like it is just good for the retail industry, but in fact there is more to catalog printing than you think. Color catalogs can be used for all businesses, from raw materials supplies, manufacturing, sales and even service industries. When there is something you need to sell, catalogs can be one of the best and most versatile tool to do it. Let me tell you how the catalog fits in. The all around salesman. A catalog is good for any business because it is an all around salesman. Not only can they give the precise details about any kind of product or service through their text, they can also show the exact picture of the product to attract readers into buying them. Anyone from rich clients to humble suppliers, retailers and simple customers can understand a color catalog. They will not be like annoying, weird or overtly happy normal sales people. They are a simple medium that helps people decide what they want to buy anytime and anywhere. Easy market distribution. Catalogs also work for business because they can easily be distributed to anyone you need. If you want to sell your manufactured goods to retailers, why not print some...more
Those businesses that aren't good at managing employee overtime hours effectively could easily be creating problems for themselves for the present and for the future. You will often hear some companies make the claim that they don't allow overtime,...more
Through the BMO Bank of Montreal you can get all your business online banking done. They offer an array of different services and facilities that you can take advantage of, and which will help your small business to strive and reach its maximum...more
If you are a co-owner of your company and thinking of future ownership changes, then buyout agreement is one of the legal forms that you want to look at. It specifies company structure and ownership responsibility in case either side of co-owners...more
Everybody sees hype on the Internet on how you can make money from home, many make claims of instant riches and residual income. This is true and a lot of these claims are correct. Yes there are scams but only a minority.Its in our nature too think...more
Web hosting can be done in a variety of ways, offering different levels of control and expense for the end user. For users who are well versed in web hosting theory and require a good deal of control, the choices finally get narrowed down to managed...more
Managing employee shift trades can lead to problems if they are not handled correctly. In many ways staff managing to get cover for the days they need off is a good thing, and it saves those responsible for the schedules from having to find people to...more