Jack Nelson' S Problem
Hire cheaply but effectively. If you cannot afford to hire full-time employees, you can do two things: hire commission-only sales reps and/or hire interns. With commission-only sales reps, you only need to pay them what they earn. Interns from colleges and universities often work for free or next-to-nothing, and get college credit in return. The drawback, though, is their short-term availability, mostly during summer and spring breaks only. Or you can hire dedicated people who are willing to work for nothing in exchange for equity, should your company succeed. There are a lot of talented people who are willing to work for less in exchange for assurance of a slice of the corporate pie once the company succeeds. This is particularly true for Internet start-ups.
3. Maximize networking potentials by participating in business organizations. Business and trade organizations are rich sources of contacts - from potential investors, customers, partners or mentors. Moreover, it would help you keep yourself updated of the latest industry news and developments. For home-based workers, participation in business and trade organizations is your perfect excuse to step out of the house!
• Find a location that needs a Laundromat. A high-profile location, such as a spot on a busy street with good visibility and plenty of parking, is a necessity for a business such as this to succeed.
• 2
Contact the city or county department that handles business licenses and request an application.
• 3
Ask what other requirements there are for opening a business. You may be required to have insurance, or you might have to follow certain restrictions for the area.
• 4
Go to the Franchise Tax Board to get a wholesale permit, if required. This will allow you to purchase goods without paying tax if they are to be used in your business.
• 5
Research Laundromats. Decide if you want a fully automated Laundromat, or a partially automated one that includes additional services such as
3. Maximize networking potentials by participating in business organizations. Business and trade organizations are rich sources of contacts - from potential investors, customers, partners or mentors. Moreover, it would help you keep yourself updated of the latest industry news and developments. For home-based workers, participation in business and trade organizations is your perfect excuse to step out of the house!
• Find a location that needs a Laundromat. A high-profile location, such as a spot on a busy street with good visibility and plenty of parking, is a necessity for a business such as this to succeed.
• 2
Contact the city or county department that handles business licenses and request an application.
• 3
Ask what other requirements there are for opening a business. You may be required to have insurance, or you might have to follow certain restrictions for the area.
• 4
Go to the Franchise Tax Board to get a wholesale permit, if required. This will allow you to purchase goods without paying tax if they are to be used in your business.
• 5
Research Laundromats. Decide if you want a fully automated Laundromat, or a partially automated one that includes additional services such as