How to Start a Gift Shop

Learn how to start up your own gift shop. You must have visited a gift shop before, I guess. If I didn’t guess right, maybe I can change the way I put it. You must have given out a gift before. Peradventure, I still didn’t guess right. Let me say that you must have received a gift before.  Can you estimate the number of people that buy gifts in your locality per week? You may not know how to estimate this until you visit a nearby gift boutique or attend a birthday or wedding ceremony and observe the gifts being Continue ReadingHow to Start a Gift Shop

How to Raise Initial Investment Capital for Small Businesses

Sources of Initial Investment Capital. Raising initial investment capital for new businesses is challenging. But if you are creative enough, raising your investment capital will not be that difficult. Knowing how to secure initial investment capital is crucial to making your dreamed business a reality. Now how to conceive a good business idea is not a problem to you. It is even possible that you have prepared your business plan and everything is pointing to the direction of a good success. But it can be very frustrating when it comes to raising of the initial investment capital needed to kick Continue ReadingHow to Raise Initial Investment Capital for Small Businesses

Developing A Marketing Strategy For Small Business

If You Have A Marketing Strategy in Place, Selling Becomes An Easy Task. Having a marketing strategy will play a crucial role in the success of any product or service. No matter your innovation or the ingenuity of your offering, if customers do not get to know about it, there is no way it will sell.  “Doing business without advertising is like winking at a girl in the dark.  You know what you are doing, but nobody else does”, said Stuart Henderson Britt. Marketing is all about putting the right product in the right place, at the right price, at the right Continue ReadingDeveloping A Marketing Strategy For Small Business

Understanding Margin of Safety in Business Plan

Margin of Safety is a term every small business owner must learn and understand. Margin of safety(MOS) is the amount by which your budgeted or actual revenue has to drop before you reach your breakeven point. In the other word, it is the excess of budgeted or actual sales over the break even sales figure. To calculate Margin of Safety, you will subtract the breakeven sales from the actual sales or budgeted sales. It depends on the figure you are working with. Then you divide the result by the actual sales or budgeted sales.  That is: Margin of Safety  =  Continue ReadingUnderstanding Margin of Safety in Business Plan

How to Start a Clothing Business

Learn How to Start a Clothing Business With Low Capital and Without Experience. You can easily learn how to start a clothing business if you have interest and determination to succeed. Learning how to start a clothing business is not totally different from learning how to start a different line of business. You should have that business approach for you to succeed. Why Must You Learn How to Start a Clothing Business? It is easy to learn. If you are serious about it, you can easily learn how to start a clothing business. Some people start without any experience and Continue ReadingHow to Start a Clothing Business