Business Types

One of the first decisions you’ll make is the type of business you will open. You have several options to explore.

You can choose to start a retail business where you open a retail store. You can also offer a service business, where you offer several services to your target clientele. Or you can create, distribute or sell products for a product-based business.

Learn the various business types, and what you need to succeed in the type of business that you have chosen.

How to Do Business with the U.S. Federal Government: A Step-by-Step Approach

May 18, 2016 | By | Reply More
How to Do Business with the U.S. Federal Government: A Step-by-Step Approach

Learn step by step guide on how to do business with the U.S federal government. Know how to find federal business opportunities and win government contracts

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What You Need to Know When Starting a Retail Store: Tips to First-time Retailers

May 16, 2016 | By | Reply More
What You Need to Know When Starting a Retail Store: Tips to First-time Retailers

Are you dreaming of having your own retail store? Here are some tips to first-time retailers and things you need to know when starting a retail business.

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Cost of Opening a Retail Store

May 14, 2016 | By | 1 Reply More
Cost of Opening a Retail Store

How much will it cost you to start the retail store of your dreams? Getting this number right can help you gauge whether you can really afford to start and successfully run a retail store.

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Does Your Product Have Repetitive Value?

March 28, 2016 | By | Reply More
Does Your Product Have Repetitive Value?

How often does your customer need to buy your products? Do they need it only once, never to buy again, or will they buy it again and again? Check if your products have repetitive value.

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Recession Lessons for Small Independent Retailers

March 9, 2016 | By | Reply More
Recession Lessons for Small Independent Retailers

If small retailers want to succeed, they need to manage inventories better. Using the example of the recession, learn how to handle inventories

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How Your Retail Store can Wow Customers

March 8, 2016 | By | Reply More
How Your Retail Store can Wow Customers

It’s tough to get customers to your store — and tougher still to make them to return again and again. Learn how your retail store can wow your customers.

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How to Earn Money from Your Product

February 28, 2016 | By | Reply More
How to Earn Money from Your Product

Developing the idea and creating the product are the first steps. The next question to ask then is: How do you earn from a product that you developed or created?

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How to Start a Retail Business

August 31, 2014 | By | Reply More
How to Start a Retail Business

If you have a passion, then plan carefully and execute your plan smartly, there’s no better time to get into the retail business.

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Inventory Carrying Costs – The Hidden Costs of Independent Retail

August 4, 2014 | By | 2 Replies More
Inventory Carrying Costs – The Hidden Costs of Independent Retail

If you’re like most independent retailers, inventory represents your single largest investment. Carrying inventory not only ties up cash that could be held for other purposes, but also creates costs of its own. Learn some of the retail inventory carrying costs

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Are You Thinking About Opening a Store for Business?

July 30, 2014 | By | Reply More
Are You Thinking About Opening a Store for Business?

Are you thinking about opening a store for business? Here are some things to consider if you are planning about opening a store.

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Selling a Sense of Urgency in Retail

July 29, 2014 | By | Reply More
Selling a Sense of Urgency in Retail

Independent retailers are now finding it hard to carry inventory, only to mark it down later. Learn how to sell a sense of urgency in your retail store.

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Managing Retail Price-Point and Margin Pressures

July 29, 2014 | By | Reply More
Managing Retail Price-Point and Margin Pressures

The greatest challenge independent retailers are struggling with right now, even more than depressed traffic counts, is getting full margins for their goods.

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