When starting your small business, the easiest way to go about choosing a business name is to approach the task the same way you approach building new relationships. Did we lose you for a second? Here’s what we mean. It takes just one-tenth of a second for us to judge someone based on a first impression. There are endless relationships that instantly blossom or never get off the ground based off of this one simple fact. Most of us, even if it is on a subconscious level, understand this. Which is why when we meet someone that we are trying to impress, we make an attempt to adjust our appearance, body language, even the way we talk, to ensure we are putting our best foot forward.
Equity financing is money raised in exchange for a share of ownership in your business. The core benefit of this type of funding is the lack of debt. You won’t have to worry about those pesky monthly repayments. The downside? You are giving up total ownership of your business, you are giving up the rights to a portion of the ongoing profits of the business, and you are potentially giving up some control of how your business is run (Though this is not always the case).
Trying to compete on price is rarely an effective long-term strategy, so it’s important to consider how you will differentiate your offering. Will this be with amazing customer service? Or maybe with superior product quality? Regardless of what you choose, how will you allocate your budget to make it possible? How will you market your small business? How will you get customers through the door?
An exclusive arrangement is one where the tenant works exclusively with one broker for a 3 – 12 month period. During this time, the tenant can’t work with another broker. A commission between the tenant and broker is negotiated, equal to a small portion of the expected tenant broker fee. However, this commission is paid only if there are no tenant broker fees.
Hospitality expert, Chip Conley founded and grew the Joie De Vivre hotels from a single San Francisco location to become California’s largest boutique hotel management company. How? He understood the value of a unique vision when it’s consistently applied. He created each hotel to reflect the spirit of a niche-oriented magazine that he felt represented his target market. Examples include the Phoenix (Rolling Stone), the Rex (The New Yorker), Hotel Avante (Wired), Wild Palms Hotel (Fast Company), Hotel Los Gatos (Town and Country), and the Water's Edge (Yachting). Obviously your inspiration doesn’t need to be a magazine, it can just as easily be a song, a group of words, or just a particular image. Find something that resonates with the customers you have in mind and design your store to reflect that vision.
We have Eclipse Sunshades installed on our van. While they’re pricier than the cheap sunshades you’ll find at Walmart, they’re every effective. And since they permanently install on your windshield they’re much more compact - a big plus for living in a van. All we have to do is pull the shades across and velcro them together in the middle and we’re protected from both the sun’s rays and prying eyes.
When Julie Owen bought Cocobolo Interiors in 2008, she set about adding more contemporary items to the Armonk, N.Y., shop. But with only 3,000 square feet, she struggled to figure out where to put her expanding line of furniture, lighting fixtures and accessories. Her solution: create sections within the shop and arrange the furniture the way customers might imagine it at home, using low bookcases and folding screens as dividers.
The refrigeration setup in your van is an area where you really do get what you pay for, whether you’re paying in money or in time. The best options are the most expensive. The cheapest options are a pain and/or don’t work very well. And if you try to save money with a DIY refrigerator setup, you could end up spending a lot of time on installation.
Make sure to utilize the tax-specific resources provided by the SBA and the IRS to fully research your federal and state tax obligations. These include, but are not always limited to: corporate income tax, employer tax and excise taxes. For most small businesses, the right first step is applying for an Employee Identification Number, which you can do using this IRS EIN online application. Depending on your state, you might also need to register for a sales tax license.
I set an initial budget of $10,000 to build the shop – everything from studs and drywall to hand tools and machinery. The final number was over by $1,000, but I’m still very happy with the result. The shop is now my haven, with a good sound system and good lighting. Every time I go back into the shop, it is exactly the way I left it, because it is my shop!
Check your local papers, especially the free shoppers, for information about upcoming shows Another venue for craft retailing is at the local flea markets that spring up in every community just about every weekend. Again the entrance cost is usually minimal. Ultimate Small Shop Result The only other thing you need is a little marketing savvy. With little cost and some effort, you will be well on your way to knowing whether there is a market for your craft. Once you know that, you can move on and think about other ways of selling, such as in galleries, on consignment, on eBay or from your own website. Once you spend your precious time and energy creating a scrapbook, make sure it lasts! There are a few simple things you can easily do to ensure that your scrapbooks look just as good as the day you finished them, for years to come. The first thing to avoid is paper that is not lignin-free. You’ve probably heard that before, and it is true, but what is lignin anyways? Lignin is a stiff component of a plant that quite literally holds it together. Although lignin is necessary for plants and trees, you want nothing to do with it! After a while, lignin will cause photos, fabrics and other paper that touch it to turn brown. Yes, the lignin-free paper does cost more, but it is a vital part of preserving your cherished scrapbooks. If the paper is not lignin-free, it will eventually discolor your photos and other materials touching it. So when buying paper for your scrapbooking projects, be sure to look for packages that say “lignin-free,” because if it doesn’t say it, then it most likely isn’t.The fabric is a big concern for preserving your scrapbooks, but unfortunately, it is often overlooked. Many people assume that all fabrics are acid-free, but they aren’t. Silk actually goes through an acid bath during the manufacturing process, as well as many tie-dyed fabrics. This isn’t to discourage you from using it, not all. Just try to make sure that no photos directly touch fabric, and if you need them to overlap, make sure there is a layer of paper between the two. Another consideration when using fabrics is if the color will bleed off onto your page and other things touching it. To test for this, cut a square inch off and soak it in a glass of water overnight. If there is no color bleeding from it the next day, then there isn’t any risk to your scrapbook. But if you do see color in the water, or collecting at the bottom of the glass then don’t use that fabric in your scrapbook at all. When using glitter, be sure there is a top layer of spray adhesive to lock them down, or better yet use special glitter glue where the glitter is mixed right in. If this is not done right the glitter will slowly fall off, and loose glitter means scratched photos. After you have planned the layout for your photos, be sure that you are using the right kind of mounting tape for them! Regular mounting tape is fine for buttons and bottle caps, but when it comes to mounting photos you need to use special photo mounting tape which is completely acid-free. Ultimate Small Shop Member If you don’t, your photos will slowly discolor. The tape should say “acid-free” right on the packaging.
Stop schlepping extensions cords across your garage floor. Make sure your workshop has enough power outlets to charge your tool batteries as well as power your corded shop tools. Your drill press or band saw shouldn’t compete for outlets with a charging drill battery, and you shouldn’t risk tripping over a cable that’s laid across your garage floor.
“Your sales floor is a living, breathing entity that needs to change—frequently—in order to flourish. It’s the retailer’s job to make that happen. If your store is filled with the latest and greatest products, but your sales are in a rut, it could be because your customers are bored. They come to your store not just to buy; they come for ideas and inspiration. And they come to be entertained—even when they don’t buy anything, that experience is what brings them back.”
The idea of not having your own bathroom nearby can be incredibly intimidating, but we’ve found that this is actually one of the easiest parts of vanlife. Public restrooms are plentiful throughout North America, and we’ve never not had a bathroom when we needed one. Gas stations, truck stops, Walmarts, McDonald’s - you name it, we’ve done some business there.
Other than that, you can’t have too much light — especially north light! — and you want accommodations for all the electricity you can imagine. Ceiling fans are a must. A good dust collection system is good, too. Don’t forget to plumb in for compressed air. Do NOT use hard PVC water pipe for compressed air — ever. If/when it breaks or ruptures, it explodes into tiny sharp glass-like shards. I know firsthand. I’ll tell you about it some other time. Think balloon popping!