Thinking of setting up a business selling used sheet metal machinery? In many ways, it’s a bankable investment. Contraptions such as bending rollers, press brakes, guillotines or folders are far from cheap. However they’re also a necessary commodity for many factories and areas of industry. So by providing used machines to these outlets via a company such as Clarence Jones, you could stand to make a decent profit, provided of course you play your cards right. Here are two essentials to consider before setting up business.…
That’s probably the first question any entrepreneur ever asks before even thinking of an idea for a startup business. That’s okay, though. It’s strategic. Typically, you’re going to want to consider the industry.
No matter how well you play your cards right — everything from the location, to regulatory compliance, licensure, certifications, hiring, taxes and paperwork, and maybe you’re just plain that good at being a businessman — it ultimately doesn’t matter and your business will fail if the industry isn’t profitable.…
Ever had one of those ideas for a genius business venture, but it sounds too crazy to do? Well, you might be inspired by learning about other crazy ideas that have lead businesses to make good money. Most of these people never said, “I want to create Twitter when I grow up,” but part of being a successful entrepreneur is the ability to see money where other people see nonsense. Here are some ways that small businesses have made money off of quirky ideas.…
Have you ever wondered why entrepreneurs keep on starting similar small businesses, even though the chances for success is slim? That’s right – the answer would be passion and potential. Entrepreneurs are “betting” their future on their small business, working hard to get theirs afloat. Some make it, some don’t. This is shown in stats, as follow…
40 percent of small businesses are profitable, 30 percent are breaking-even and 30 percent are losing money. Let’s just say that you chance for building a thriving small business is just 40 percent.…
