Comments on: 5 Steps to Start a Business & Purchase Wholesale http://steve-olson.com/5-steps-to-start-a-business-and-purchase-wholesale/ For People Pursuing Freedom Wed, 17 Mar 2010 13:25:50 -0700 http://wordpress.org/?v=2.9.1 hourly 1 By: Omar - Business for Sale http://steve-olson.com/5-steps-to-start-a-business-and-purchase-wholesale/comment-page-1/#comment-354 Omar - Business for Sale Sun, 11 Jan 2009 05:28:30 +0000 http://www.steve-olson.com/5-steps-to-start-a-business-and-purchase-wholesale/#comment-354 I find that starting a business from scratch is only worth doing if you have a new process or product that hasn't been tried before and that has a market with a reasonable size. In this case you will not be competing with more established and knowledgeable competitors and you will have the time to develop a competitive advantage and be very successful. Most entrepreneurs start businesses in very competitive environments with no real competitive advantage. As a result most startups fail for lack of competitiveness. If you want to have your own business and don't have a new process or products then consider buying an established business. The chances of success are higher because the business has a track record of success. In most cases the price paid for the acquisition is worth it. you can check this blog for more info about the business purchase process: http://blog.torontobusinessbroker.com I find that starting a business from scratch is only worth doing if you have a new process or product that hasn’t been tried before and that has a market with a reasonable size. In this case you will not be competing with more established and knowledgeable competitors and you will have the time to develop a competitive advantage and be very successful. Most entrepreneurs start businesses in very competitive environments with no real competitive advantage. As a result most startups fail for lack of competitiveness. If you want to have your own business and don’t have a new process or products then consider buying an established business. The chances of success are higher because the business has a track record of success. In most cases the price paid for the acquisition is worth it.
you can check this blog for more info about the business purchase process: http://blog.torontobusinessbroker.com

]]> By: Gary Landa http://steve-olson.com/5-steps-to-start-a-business-and-purchase-wholesale/comment-page-1/#comment-355 Gary Landa Wed, 31 Dec 2008 15:25:41 +0000 http://www.steve-olson.com/5-steps-to-start-a-business-and-purchase-wholesale/#comment-355 I think that it is great to be able to buy products but you first need to make sure that you can sell what you buy. Look at your past expeirence, look at all the business contacts that you have made. What do they need, will they buy a product or service from you. The easiest sale to make is to people you know. it is hard to get the first customer and start a viable business from scratch. If you can start by getting sales very quickly, your chances of being successful improve greatly. If you need additional ideas on thinks to consider when setting up a business, look at my blog which talks specifically about setting up or buying a business http://blog.thebusinessplace.com/ I think that it is great to be able to buy products but you first need to make sure that you can sell what you buy. Look at your past expeirence, look at all the business contacts that you have made. What do they need, will they buy a product or service from you. The easiest sale to make is to people you know. it is hard to get the first customer and start a viable business from scratch. If you can start by getting sales very quickly, your chances of being successful improve greatly.

If you need additional ideas on thinks to consider when setting up a business, look at my blog which talks specifically about setting up or buying a business http://blog.thebusinessplace.com/

]]> By: Where Do You Find Products To Sell on the Internet? | steve-olson.com http://steve-olson.com/5-steps-to-start-a-business-and-purchase-wholesale/comment-page-1/#comment-353 Where Do You Find Products To Sell on the Internet? | steve-olson.com Tue, 30 Dec 2008 22:28:26 +0000 http://www.steve-olson.com/5-steps-to-start-a-business-and-purchase-wholesale/#comment-353 [...] To purchase merchandise at trade shows, you must set yourself up as a business. [...] [...] To purchase merchandise at trade shows, you must set yourself up as a business. [...]

]]> By: Dan - Wholesale Supplier http://steve-olson.com/5-steps-to-start-a-business-and-purchase-wholesale/comment-page-1/#comment-351 Dan - Wholesale Supplier Fri, 19 Sep 2008 03:54:12 +0000 http://www.steve-olson.com/5-steps-to-start-a-business-and-purchase-wholesale/#comment-351 I think it is a useful information. It is also important to make a business plan before you start the business. That way you know how you are going to sale, where you are going to sell, what your profit is going to be, what is the minimum you need to sell a month in order to cover your expenses. And the most important thing: whether it is worth or not. I think it is a useful information. It is also important to make a business plan before you start the business. That way you know how you are going to sale, where you are going to sell, what your profit is going to be, what is the minimum you need to sell a month in order to cover your expenses. And the most important thing: whether it is worth or not.

]]> By: Camello http://steve-olson.com/5-steps-to-start-a-business-and-purchase-wholesale/comment-page-1/#comment-352 Camello Mon, 07 Jul 2008 05:33:29 +0000 http://www.steve-olson.com/5-steps-to-start-a-business-and-purchase-wholesale/#comment-352 Hey this article was amazing, but i was curious if you or some could direct me on what tax forms to use, or how to figure out what necessary steps are for collect tax and filing everything after item is sold. Hey this article was amazing, but i was curious if you or some could direct me on what tax forms to use, or how to figure out what necessary steps are for collect tax and filing everything after item is sold.

]]> By: rita http://steve-olson.com/5-steps-to-start-a-business-and-purchase-wholesale/comment-page-1/#comment-350 rita Thu, 05 Jun 2008 15:40:27 +0000 http://www.steve-olson.com/5-steps-to-start-a-business-and-purchase-wholesale/#comment-350 What about determine whether the business idea is a viable one - create a business plan, research the competition, and obtain financing? The other night I was watching "the Big Idea" and someone was on there who didn't know how to write a business plan so they used a napkin and wrote out their thoughts. Chances are if you can't write the plan you are going to have trouble managing your own business. What about determine whether the business idea is a viable one – create a business plan, research the competition, and obtain financing? The other night I was watching “the Big Idea” and someone was on there who didn’t know how to write a business plan so they used a napkin and wrote out their thoughts. Chances are if you can’t write the plan you are going to have trouble managing your own business.

]]> By: Benjamin Kudria http://steve-olson.com/5-steps-to-start-a-business-and-purchase-wholesale/comment-page-1/#comment-349 Benjamin Kudria Tue, 31 Jul 2007 14:52:58 +0000 http://www.steve-olson.com/5-steps-to-start-a-business-and-purchase-wholesale/#comment-349 Great tips, Christine! One question: why are the Tax ID number and EIN necessary? Can you clarify? Otherwise, this is very helpful. I guess if you are planning on hiring employees, or incorporating, its best to hire a lawyer and and accountant who is familiar with the laws in your state. Great tips, Christine!

One question: why are the Tax ID number and EIN necessary? Can you clarify?

Otherwise, this is very helpful. I guess if you are planning on hiring employees, or incorporating, its best to hire a lawyer and and accountant who is familiar with the laws in your state.

]]> By: K Young http://steve-olson.com/5-steps-to-start-a-business-and-purchase-wholesale/comment-page-1/#comment-348 K Young Thu, 01 Feb 2007 05:44:54 +0000 http://www.steve-olson.com/5-steps-to-start-a-business-and-purchase-wholesale/#comment-348 I think this is a great article and very informative, but what i think that you left out was all the legal things that they may need to know and the best place to get that info is from a lawyer because like you said there are a lot of people out there that will take advantage of first timers. And also a business plan from a professional. I think this is a great article and very informative, but what i think that you left out was all the legal things that they may need to know and the best place to get that info is from a lawyer because like you said there are a lot of people out there that will take advantage of first timers. And also a business plan from a professional.

]]> By: Jon Eastwood http://steve-olson.com/5-steps-to-start-a-business-and-purchase-wholesale/comment-page-1/#comment-347 Jon Eastwood Tue, 30 Jan 2007 18:46:58 +0000 http://www.steve-olson.com/5-steps-to-start-a-business-and-purchase-wholesale/#comment-347 Read a few articles on this subject. None were this good. Keep it up! Read a few articles on this subject. None were this good. Keep it up!

]]> By: Vancouver Business Network » Five Steps to Start a Business & Purchase Wholesale http://steve-olson.com/5-steps-to-start-a-business-and-purchase-wholesale/comment-page-1/#comment-346 Vancouver Business Network » Five Steps to Start a Business & Purchase Wholesale Tue, 24 Oct 2006 01:55:50 +0000 http://www.steve-olson.com/5-steps-to-start-a-business-and-purchase-wholesale/#comment-346 [...] Steve Olson [...] [...] Steve Olson [...]

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