If you are looking to sell your business, it is important to engage a lawyer who is a business specialist to ensure you gain the best possible valuation. A small business is valued by assessing the potential ongoing income from the business over the coming few years. Normally this means that a business will be valued at three to five times net revenues, which can present a potential issue for particularly tax-savvy small business owners. Remember that every time you write off an expense against your business, you are lowering the net margin of the business. So, that dollar you saved by writing off the expense could cost you three to five dollars on the valuation of your business.
Everything from the way the customer is greeted as they walk through the door to the way your products are presented following a sale matters. The smallest details can make the biggest difference. Early on when just starting your small business, you as an owner, will be able to exert a lot of direct control over these details. But as you grow, you will come to recognize the value of a well-trained and motivated staff.
For this reason, on-demand applications can get very time intensive. Consider building on an on-demand platform on both iOS and Android. A typical app on a single platform would require one experience to be designed. In the case of an on-demand app on two platforms, four would be required. That's one experience for each user in the system (i.e., two per platform) plus each platform (i.e., four in total). On-demand apps also often require a number of administrative interfaces. The only way to reduce the cost of an on-demand platform is to streamline the typical feature set included. For example, you could remove in-app payments or administrative interfaces while doing market validation.
I know in Missoula the garbage men do not like unbagged dust chips. They sent my friend a warning notice in the mail. Do you pull your drum out to the garbage and let the dust fly or dump it into a bag? My friend has garbage cans with 33 gallon liner which he pulls out of a sealed dust collection box beneath the cyclone… then he uses a hand truck to haul it out to the alley and then puts a fresh can in the box. It seems like a simple dust management method by not handling the dust by either scooping or dumping it out into a bag. I am always trying to think of ways to have less contact with harmful dust particles and I am curious as to how others handle the situation. Have a great weekend!
If you want to hit the road as soon as possible, then a Class B/C RV camper is a great option to consider. These vehicles are typically move-in ready, and barring any mechanical issues shouldn’t need much customizing before hitting the road. Class B campers (aka “campervans”) are built inside a van body, while Class C campers have a custom body built on a van cab/chassis.
Cut 15 top boards 5 ft. long and rip them to 3 in. wide with a table saw so the top will glue up flat without the typical rounded edges of 2x4s. For the leg slot, cut two of the top boards into three pieces: a 39-in. middle piece and two 7-in. end pieces. Glue and screw the top together, one board at a time, with 3-in. deck screws, keeping the ripped edge facing up and level with the adjoining boards. Use a corded drill so there’s plenty of oomph to drive each screw below the surface. Note that the third glue-up from each end is where each leg notch is inserted. You can also create a nifty tool tray in the top by notching the three top pieces with a jigsaw. Clamp every 8 in. or so before driving in the 3-in.deck screws. Predrill the screw holes near the ends to prevent splitting. When you’re screwing on the 7-in. long 2x4s to create the leg slots, use a scrap piece of 2×4 as a spacer.
“I purchased this book because I'm newly retired and attempting to set up my shop in a home we recently moved to. I'm new to setting up shop and can use some professional advice. Money is always an issue, but more important to me is the subject of time. This book solves both aspects for me. It contains sound advice if you do not wish to overspend on your shop.”
So, if you’re looking for a retail or restaurant location, you’ll want to figure out how many customers you expect to have, on average, and multiply that by 15 square feet. If you’re looking for an office space, you’ll want to forecast the desired size of your workforce and multiply it by 100 – 150. This will give you the size of the commercial space you need.
Once you’ve considered your commercial property options and their associated leases, it’s time to choose one or more commercial spaces and negotiate the leases. When formally entering into a commercial lease negotiation process, you’ll want to start by requesting the terms in writing. This request can come from you or your broker and is supplied by the landlord’s broker.
Next up are the chisels, you can start with a couple of sizes and build from there. When looking at saws, for joinery a dovetail saw is a good place to start, with a choice between western style or Japanese. For precise cuts across the grain, cutting tenon shoulders, and defining the edges of a dado a carcass saw also makes a good complement to the dovetail saw.
As Kizer & Bender always tell retailers: Put it on paper. If you haven’t settled on your store layout—or even if you have—the first thing you need to do is work your plan out on paper before you start moving things around in your store. Putting it on paper helps give you a clearer picture of the desired result and any potential issues before getting started. Remember, many small retailers find that a mix of floor plan and layout styles works best.
The frost generated by Canadian winters wreak havoc on structures through their foundations. According to code conventional foundations and footings must rest below the reach of frost on undisturbed soil (in most provinces, this is safely considered to be 4 ft. below ground level or grade), bear directly on bedrock, or be frost-protected. A shallow foundation may be possible in your area in an outbuilding if you can get an engineer to design and stamp plans for insulating the area directly beside your shallow foundation wall so that frost will not form beneath the footing area and cause damage. A slab-on-grade foundation for an outbuilding is another option that will need to be designed by an engineer so that the concrete slab will structurally bear the weight of the shop structure you build above it.
Household vacs are not designed to handle large quantities of sawdust or wood chips. Their filters clog up quickly, greatly reducing suction. While you can get away with using a small cordless vacuum for small messes, a shop vacuum offers greater power and capacity. Whether you already own a shop vacuum or are shopping for your first, consider purchasing disposable bags or a washable and reusable CleanStream filter.
Well, I thought about that I don’t want all that dust to kind of infiltrate everything else in the building. So actually instead of putting in some kind of dust collection system, I thought that I would probably just put a nice shop vac here. And then I have room that I can bring some hose back behind this column and then you know if you’re sitting here working on something we can have adapters that go right into a miter saw or right into a sander or have a little outlet more or less to lay up on the counter that would collect all of the dust. And the same thing could happen on any of the work we do out here.
I think it would work pretty well for a music festival, I don’t see why not. I wouldn’t say it is robbery proof, but generally robbers are looking for quick and easy targets, like a purse sitting on the front seat, just smash and grab. If someone really wanted to rob what was under they platform, they surely could, but they’d need more tools and more time to do so. And they don’t even know if there is anything good under there… I’d like to think of it as a really good robbery deterrent.
To corral shelf-dwelling books or DVDs that like to wander, cut 3/4-in.-thick hardwood pieces into 6-in. x 6-in. squares. Use a band saw or jigsaw to cut a slot along one edge (with the grain) that’s a smidgen wider than the shelf thickness. Stop the notch 3/4 in. from the other edge. Finish the bookend and slide it on the shelf. Want to build the shelves, too? We’ve got complete plans for great-looking shelves here.
One tool that has been notably missing from the earlier builds is a router. There are so many reasons to own a router that I am not going to even try to list them. But if you want to get the creative juices flowing, take a look at this Pinterest page. The important thing to know is that this versatile tool can help you accomplish a number of tasks, everything from finishing edges to cutting dove tails.
Well, we’ve managed to put together the workshop I’ve always wanted. One that’s practical, functional and neat, well at least for the moment. We have plenty of light, plenty of power, lots of work surfaces and enough cabinets, shelves and hangers to organize all of the tools we’ll be using here. I’ve even managed to do a little creative workshop decorating along the way to remind me of how I got started in this business in the first place.
Many small businesses in New York and New Jersey were forced to close following Superstorm Sandy because they lacked the insurance that would have gotten them back on their feet. That part is well known. What’s less well known is that this lack of proper insurance, coupled with the lack proper legal incorporation, resulted in many entrepreneurs seeing their personal assets come under threat.