Whether or not you should start your own business depends on if you have the right motivations, capabilities, and personality required to build a company. Starting a business can be challenging, and it’s important to ask yourself three specific questions before taking the leap. The three questions to answer when wondering should I start my…
About the Author
Edward Daciuk
Edward Daciuk is a contributor to Fit Small Business and has helped start and build 3 different technology companies. This includes a fintech startup that raised $20 million in venture capital, went from a PowerPoint to 400 bank and hedge fund customers, and then sold to the Chicago Mercantile Exchange. He helped launch Inc.com, the internet arm of Inc. magazine, where he served as CFO and COO. Prior to that, he cofounded Periscope Systems with startup capital from KPMG and sold it to a boutique investment bank.
How to Come Up With a Business Idea in 4 Steps
The best business ideas involve solving a problem — preferably in a space you’re familiar with a unique solution and a validation process. To come up with a great business idea, you’re going to need to become an idea detective, research common sources of business ideas, brainstorm solutions and test your idea. If done correctly,…
How to Become a Personal Trainer in 6 Steps
When learning how to become a personal trainer, many do it because it can be a lucrative career choice. In fact, you can reasonably expect to make between $40,000 to $100,000 plus per year as a personal trainer. If done correctly, you should have a firm understanding of your offering and your target demographic as…
How to Start a Clothing Line in 5 Steps – The Ultimate Guide
Starting a successful clothing line comes down to 5 things: have the right story for the right market; design a great, unique solution; manufacture the right quality at the right cost; build a fanatical fan base; and drive sales. If you can do those 5 things well you’ve got a good shot at being the…
Liquor License Costs + How to Get One
Liquor license costs range anywhere from $300 to $14,000 and can take 5-6 months to process, depending on state, county, local, and even federal licensing requirements, as well as application and processing time and fees. In New York, for example, license and filing fees total $4,552, while California new license and processing fees total $13,900….
Partnership Agreement Checklist
The below checklist is designed to be used in conjunction with “The Ultimate Guide to Business Partnership Agreements“. Print a PDF of this Checklist Decide if you need a lawyer or start with a template Business name(s) and purpose Learn More Partner areas of responsibilities Learn More How much time each partner will commit Learn…
Seth Godin Advice, Quotes, and Books
Seth Godin is an entrepreneur and best-selling author. He has written almost 50 books and he has started companies including Yoyodyne (bought by Yahoo!), Squidoo, and altMBA. His writing and advice covers marketing, leadership, entrepreneurship, product development, education, and how to behave as a human being. In addition he is a prolific blogger. Advice &…
Trademark Costs: DIY Registration vs. Online Service vs. Lawyer
Registering a U.S. federal trademark will likely cost between $225 and $2,000. The trademark cost if you file yourself will cost at a minimum of $225. The trademark cost using an online service will cost around $500. The trademark cost using a trademark attorney will likely cost around $1,500 to $2,000. If you want to…
How to Buy an ATM Machine For Your Business
Buying an ATM for your business can be an easy way to generate extra income through surcharge fees, additional foot traffic, and additional purchases. However not all businesses make decent money adding an ATM business to their store. In this guide we’ll walk you through how to: Determine if your store is a good fit…
How to Start a Vending Machine Business in 5 Steps
The keys to building a vending machine business are finding and selling the right locations, having a lot of locations, keeping machines clean and stocked, and maximizing net margins on your inventory. The steps to start a vending machine business are: Decide if a vending machine business is for you Figure out what type of…
The Ultimate Guide to Content Marketing in 4 Steps
Content marketing, also known as inbound marketing, is the practice of creating content that drives revenue by building trust between you and your prospects and customers. It focuses on adding value through content as opposed to directly promoting your product or service. It draws users to your site and helps convert them by solving user…
How to Start a Food Truck Business in 9 Steps
A food truck is a mobile food business concept where a large vehicle is equipped with a kitchen to cook and serve food. A successful food truck can bring in upwards of $500,000 per year in annual revenues. Startup costs can range from $40,000 to a couple hundred thousand dollars. Some enter into the food…
