Starting A Business In Today’s Economy
Everyone has heard of how bad the economy is right now. A guide to conducting market research can be found on our sister site, It’s also a good idea to consider an exit strategy as you compile your business plan. The act of writing down what you want to do, and how you intend to do it, is a key starting point to achieving your business goals.
You do not want to be left with liability issues, debt problems, or unnecessary obligations, and what kind of legal entity you are will also determine the tax strategy that the government applies to your business. Consider: placing products low on shelves will mean that people are unlikely to see them and therefore unlikely to buy them, whereas placing them at eye-level will mean they’re seen first and are therefore probably more likely to be purchased.
When running a business, know when you …