Category: Business
Dietary supplements are extremely popular with a booming market. In fact, approximately 75 percent of adults in the US say that they’ve taken some type of supplement in the past year. The most popular supplements by far are vitamins/minerals. Even so, it’s impossible to ignore the market potential for specialty, herbal, and nutrition supplements that are part of many people’s daily lives. Dietary supplement customers are typically looking to fill some sort of health-related need, so if you’re already knowledgeable about fitness and health topics, then you’re in a great position to open a supplement store. It won’t be an easy road, however, and there are some important things you’ll need to understand to get started. Make a Business Plan As with any business, you’ll need to write a
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Starting a Business in Michigan: Here’s Everything You Need to Know
When you decide to start your own business, you’ll inevitably have a few questions. There is a clear process for starting a business in Michigan, and once you know what to do, you’ll find that your company is up and running in no time. Here’s everything you need to know about starting a business in Michigan. Step 1: Decide On A Business Structure Your first decision is in regards to your business structure. This choice will determine the other details of your company and will affect your taxes, so you need to do your research before deciding. Typically, you’ll be choosing between these structures if you’re starting a business in Michigan. Sole Proprietorships Partnerships Corporations S Corporations Limited Liability Company (LLC) Once you choose a structure, yo
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The US is a nation of entrepreneurs. From the giants who started this country to the more than 30 million small businesses that currently dominate it, the concept of pulling yourself up by your bootstraps to make a name for yourself is far from rare. One of the most booming markets in American society today is the auto industry; nearly 70% of Americans possess a driver’s license, creating a high demand for quality vehicles. With high demand comes great opportunity. Thanks to recent technological and social advancements, getting the ball rolling on your very own car dealership is easier than ever. Let’s take a look at some of the most important steps you’ll need to follow if you want to salvage cars online and turn a profit. Calculate The Costs First and foremost is funding. This
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Running a small business is tough. Only 25% of small businesses make it to 15 years or more, and regulatory, tax, or market changes that a big company can absorb easily can sink a smaller one much faster. What can you do to make sure your small business is one of the success stories? 1. Nail Your Marketing Efforts Too many businesses rely on random foot traffic or haphazard, shotgun marketing to get their message out there. By honing your marketing strategy to find and reach your ideal customer, you’ll give yourself a leg up on the competition. Identify Your Opportunities Where can marketing make the greatest impact on your business? If you have a limited budget for marketing, it’s better to launch a strong, targeted campaign that will be effective than do a dozen little things that do
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