The Complete Idiot's Guide to Small Business for Canadians by Larry Easto

By Larry Easto

Chock-full of suggestions for locating the correct enterprise concept for you, comparing an idea's industry capability, making a successful revenues plan, constructing an efficient net and social media procedure, establishing the felony a part of what you are promoting, and much more

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Additional resources for The Complete Idiot's Guide to Small Business for Canadians

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We also expect to enjoy our work. Chapter 3 ➤ What Can You Sell? Running your own business is not always fun. Not everyone sees administrative tasks such as record keeping as enjoyable let alone exciting. Some aspects of running your own business can be very frustrating. Unless you truly enjoy pain and suffering, it will be hard to maintain your commitment when you feel overwhelmed by the responsibilities of operating your business. But if, as a computer consultant, you love looking after your customers’ computer problems, then you will find a way of dealing with the neverending administrative work.

Thorough planning and comprehensive preparation are excellent stressmanagement techniques. Buying an Active Business Buying a business is like purchasing an existing house. All of the major decisions have been made. In the case of a house, you can move right in and start living there, just as the previous owners did. You might want to make some changes before moving in or you might decide to wait a while and see what it’s like living there. When buying a business, you can simply take over from the sellers and continue to do what they did; you can make some changes before you take over; or you can continue the existing operations until you decide what you would like to change and when you would like to make those changes.

A business can distribute products produced by others through a variety of operating formats. Wholesalers, distributors, and retailers purchase goods for resale. By selling goods at a higher price than their purchase price they generate revenue to cover the cost of goods purchased and to make a profit from their own work. These people must pay for the goods they purchase for resale, regardless of whether or not they succeed in reselling them. A franchise operation is a common method of distributing goods.

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