"I've been looking to buy a business for some time now. My college graduate daughter has been out of work and living at home for two years, despite tons of effort and countless rejections, and I thought it might be a good idea for the two of us to own something where I could help her out for a while until she got the hang of things and could ...Read more
In last week's column, we talked about some of the wrong ways to engage in "private labeling" on eBay, Amazon and other e-commerce websites -- buying someone else's merchandise (legally) and reselling it online at a significantly higher price under your own trademark or "brand label."
A lot of online retailers are taking someone else's ...Read more
Two emails I received this week deal with a recent phenomenon in e-commerce -- the so-called "private labeling" of merchandise on Amazon, eBay and other online venues.
Here's how it works: a seller buys merchandise in bulk from a manufacturer (usually in China or elsewhere in Asia). The merchandise is not trademarked or branded in any way. ...Read more
Here are some more New Year's Resolutions for business owners.
Find three new sources of saleable product. If your business is selling stuff online, one of your biggest challenges is finding high quality stuff to sell at a profit. If you're not currently taking consignments, you're out of your mind. Take out an ad in your local newspaper ...Read more
New Year's Resolutions are all about habits. Breaking some bad ones -- smoking, drinking excessively, binging on fast food -- and starting new ones -- working out, eating more Brussels sprouts.
Businesses, like individuals, develop bad habits over time that need correction, while success in business over the long run usually means adopting ...Read more
Entrepreneurs are today's American heroes, and that's a good thing. But too many people have unrealistic pictures in their heads of how things are going to go. They think that being a successful entrepreneur means they will be universally loved and rewarded, both financially and psychologically, and that everything will go without a hitch as ...Read more
"Like the guy in Psalm 130, I am writing to you out of the depths of despair.
"I started a retail business last year involving a hot new technology. We needed some local real estate, and found a pretty good location, but when our contractor inspected the space after we signed the lease he discovered all kinds of environmental and structural ...Read more
Dear Santa: Well, another year has gone by. My business is surviving, by a thread, but I'm still facing lots of challenges. You know I've been really, really good this year (maybe that's the problem with my business -- I'm too darned good for my own good and should borrow more from the "ruthless entrepreneur" playbook, but never mind).
So ...Read more
Ellen's Submission: Intrigue Next Door [Kindle Edition]Lydia Keane
Ellen Jacobs is a straitlaced grad student stuck in a relationship that isn't working.
When she meets her adventuresome neighbor, Sam, her world is changed.
Now, she wonders how she will handle the challenge that comes from being drawn to Sam.
"We have a 'good news, bad news' problem in our business.
"On one hand, a local angel investor has offered to buy 15 percent of our company for $300,000.
"On the other hand, we don't know exactly who owns our company. My brother and I inherited my father's 80 percent share in the business when he died last year. The remaining 20 percent is ...Read more
Make no mistake about it. If you own a small business or startup company, 2016 is going to be the year of crowdfunding.
For several years now, it has been possible to raise money online for projects such as a new invention, a documentary film or a nonprofit campaign using websites such as KickStarter and IndieGoGo. Basically, you make a pitch...Read more
For most people, the end of December is called "the holidays." For lawyers, accountants and other financial types, however, it's called "year-end."
While most of us celebrate with turkey, eggnog, ugly sweaters and football -- often all at once -- these folks are working late hours trying to save their clients as much money in taxes as ...Read more
"I am looking for an attorney who could provide my business with a master form of client agreement. We understand that your services are not cheap, but would like to know how much you would charge for this kind of document. We were hoping you might offer a template agreement for this kind of arrangement. Unlike some people in this business, ...Read more
"A local nonprofit organization has asked me to join its board of directors. It's a real honor for me, and a cause I believe in, but I'm just a little nervous about my legal responsibilities. Could you tackle those at some point?"
A lot of nonprofit startups are looking to build their boards right now; I have even received some invitations. ...Read more