#small scale business

#

4 Ways a Small Business Can Scale to Profitability

Downfalls like not being a profitable venture, startups shutting their doors or even bankruptcy are often caused by a lack of knowledge or a willing ignorance amongst small-business owners.

If the owners really knew what they were doing wrong, they might have been able to fix the problem, entrepreneur and business speaker Jay Goltz told The New York Times . Often, it s simply a matter of denial or of not knowing what you don t know.

Don t fall into the trap. Armed with the following knowledge and know-how, you have a fighting chance of making it as a profitable business that continues to scale for years to come.

1. Prove your expertise. To get customers to trust you (and pay for your products or services), you have to prove you re an expert in your industry.

You can accomplish this by posting blogs, sending out newsletters, participating in interviews, publishing content through noteworthy blogs or publications and making informative how-to and instruction videos that relate to your business.

You cannot buy trust at any price. But slowly, over time, you can build it for free, business advisor Jeffrey Gitomer told Copyblogger .

2. Take calculated risks. All entrepreneurs are risk-takers. They kind of have to be, as it is a huge leap of faith to start a business. But what makes one entrepreneur succeed, where another will fail has to do with if a person makes calculated or reckless risks.

Look at the costs and benefits of every decision and figure out the worst-case scenario. Have back-up plans in place and rely on trusted advisors like your accountants, bank, marketing consultants, lawyers and insurance agents.

Carefully plan out your course of action and make it a collaborative effort amongst you and your employees. That way, if failure does occur, you have people there to support you and assist you in deciding the next move and risk you should take. Plus, by taking these more conservative risks, you are less likely to make a mistake that could have detrimental ramifications — ones that could create financial situations that are hard to climb out of.

3. Develop a cash-flow strategy. Having a steady flow of cash is critical when you have a small business. You need to pay the bills and your employees, as well as purchase materials to scale your services or build your products and more. You also need to make a list of one-time expenses and ongoing expenses and figure out how much money you ll need to operate on a day-to-day basis.

One great tool is SCORE s break-even chart, which allows you to track your profits and can help you see how to increase them. To prepare for slow times of the year, you should save at least three to six months worth of cash to keep your operations going.

4. Appreciate your employees. When you hire employees, make sure that they re actually passionate about the industry you serve. If an interviewee is enthusiastic, does his or her research about your business and asks engaging questions, then he or she is likely to be a good candidate for a position and could provide amazing insights into growing your company.

Once you hire your rock-star team, treat employees as equals and trust them. Show that you appreciate their efforts by encouraging new ideas and collaboration. You can do this by simply being available to them and being positive when they have suggestions. If everyone is on the same page and feels like they have a say, the business is more likely to thrive.

Small business success can be achieved by thinking ahead and planning out your next move. It s a challenge to run a small business, but with the right preparation, you can come out on top.



#business financing options

#

4 Small-Business Financing Options You’ve Probably Never Heard Of

Financing is one of the great conundrums of entrepreneurship: For the first few years, your small business’s income may be uncertain and its credit unestablished, yet you need to invest in inventory, facilities, and staff to establish a solid presence and a revenue stream.

Finding a traditional lender who will essentially take a chance on your company can be tough. So, many startups are turning to alternative financing options. such as peer-to-peer lending and online pawn shops.

Did you know that other sources of capital are available, too? Here are four small-business financing options that you’ve probably never of.

Are you an online seller (through Amazon, eBay, Etsy, Shopify, or Yahoo) who needs cash to purchase inventory? Kabbage may help you score a six-month advance of $500 to $50,000 in fewer than seven minutes. Kabbage determines whether you qualify for its merchant advances based on your social media popularity. reputation on e-commerce sites, and analytics from vendors you use to run your business (including Intuit QuickBooks Online ).

The more Kabbage can verify what your shop is all about, the better your chances of securing funding. Because the money is a “merchant advance” and not a loan, there aren’t any interest rates. But you should expect to repay what you are advanced in equal monthly transfers, plus 2 to 7 percent of that amount, based on your “Kabbage score” and revenue, until the amount you borrowed is repaid in full.

Guidant Financial’s iFinance provides a means for small-business owners to use their tax-deferred retirement savings for startup investments, while eliminating some of the penalties that accompany early withdrawals. This “rollover as business startup” funding may be used for activities such as buying a franchise, building a storefront, or purchasing equipment.

Because you’re using your own money to invest into your own business (vs. taking out a loan), you won’t pay any interest. However, you do risk losing your retirement savings if your business doesn’t perform as expected. To facilitate the complex transition, which takes about a month to complete, Guidant establishes a corporation for the small business and a 401(k) account for it. Once that’s done, Guidant rolls your existing retirement assets into the account, essentially making the 401(k) a shareholder in your business.

If your small business has logged at least a year’s worth of revenue, On Deck Capital uses your company’s cash flow and positive payment history — vs. a credit score — to determine its loan-worthiness. With an online application process that takes about 15 minutes to complete, On Deck offers loans with repayment terms ranging from three to 18 months, and it can fund loans of less than $25,000 in about an hour.

Although the loan may be secured with a lien on your business assets, repayment takes place daily via an automatic transfer in fixed amounts. Because positive repayment of On Deck loans are reported to the credit bureaus, borrowing can help you establish a business credit history.

If you know you’re capable of great entrepreneurial achievements, but need investors to fund your “big break,” Upstart — a crowdfunding platform founded by ex-Googlers — could be the answer. Though you can ask for funding based on a specific business idea, Upstart is founded on the idea of investing in a person’s potential; investors each contribute small amounts to provide a person with the capital and mentoring he or she needs to make future goals reality.

In return for funding, an individual shares a small portion of his or her personal income for 10 years. For example, Trina Spear, a Tufts University and Harvard Business School grad, secured $20,000 and mentorship through Upstart to co-found a medical apparel company, FIGS Scrubs. In exchange, she’ll repay the loan with 1 percent of her pre-tax income over the next decade. She intends to use the money to pay her student loans while raising the $1 million venture capital money needed to fund her startup.

Liked this article? We think you will enjoy these recommendations.



#lucrative business ideas

#

4 Lucrative Business Ideas That You Should Consider Starting if You Can Drive

Beyond the Ice cream trucks and the food trucks and cabby services, (which are good businesses by the way) there is a lot more you can do with a vehicle that can be lucrative and can serve either as a healthy side business or a major gig.

If you have a vehicle or are thinking of a mobile business to start, then the first question to ask is; what can I do?

There are varieties of businesses today and in a fast-lane-do-it-for me world, almost everything you can think of that a vehicle can do, can be done for profit. Interestingly, many other things you never thought a vehicle could do can also be done with a vehicle for money.

I will share a few ideas, but the key is to evaluate yourself to see if you can handle it. If you have been thinking of what to start up and perhaps you are considering a mobile business or you have a car sitting in the garage, then these few ideas will be helpful.

1. Offering Delivery Services

The business terrain is fast changing and the need to increase customer satisfaction as a prerequisite for increased patronage is largely responsible for the increased number of e-commerce websites.

Major e-commerce websites need dispatch services; they often work with smaller stores which often work with post offices. The truth is that there is enough business to go around whether you work directly with the stores or the post office.

In spite of the recent trend to take your business online. there are still many stores in your city that rely solely on e-mails and phone calls to communicate with their customers. Customers will gladly pay a little extra for you to save them the trip to the store.

2. Become an Approved Driving Instructor

Maybe you have a vehicle and it costs you money to fuel it and you either don’t have a job or you want to make extra money by the side, and to top it all off, you love to drive and are pretty good at it. Good, then you need to consider this route as one of those lucrative deals your personal vehicle can help you achieve.

All you will need is a vehicle, a valid driver’s license and good knowledge of driving and instructing other drivers (you will have to prove this through a compulsory qualifying test). Then proceed to get registered as an Approved Driving Instructor and you are in business.

3. Invest in a Mobile goods Store

Again, owing to the increasing reluctance of customers to get out of the house or to take a trip to the stores, someone has to do the job of bringing stuff to them. Online platforms have their place, but people will jump at the sight of mobile stores. Thankfully, there are various businesses that have proved this.

The innovations that can be brought to life with a moderate of large sized truck are almost inexhaustible. Mobile cloth stores, Mobile fruit Shops, Mobile Jewelry stores and even flower trucks. There is sufficient proof that these ideas can work and they tend to be quite lucrative.

All you need to do is to observe your environment and see what can be done with a truck. It doesn’t matter if it has been done before or not. Mobile stores can afford to sell at lower prices and yet bring the goods to the neighborhood because they avoid rents and all the maintenance costs of running a brick and mortar store.

What could be more enticing?

4. Invest in a Mobile Services Store

People are much more willing to start up mobile goods stores, but services are a little more tricky. I mean people can buy a T-shirt from a moving truck but will they have a haircut in a truck?

Actually, there are few mobile business ideas that have not been explored. Some have worked over time and some have been ludicrous. In the end the first thing you have to consider is what services you can offer and then if people will pay to bring it to their neighborhood.

Richard Caporizzo converted a van into a state-of-the-art doggie spa with its own power supply, water tanks and electronic grooming table. Caporizzo and his son Matthew Vernon make house calls to trim, bathe and blow dry dogs at their owner’s homes. So yes, almost anything can work if you are really good at your services.

There is a truckload of ideas that you can explore and see what suits you and or your city more. But if people will pay to have it brought to them, then you can take their money gladly.

Whether you hate office jobs and sitting at a place and love mobility or you need to add to your income
or perhaps you have a vehicle that is not being used enough you can borrow an idea here, and make some money from it. Better still, you don’t need to kill yourself over how to raise money for this. Apart from the fact that most of these businesses will not cost you millions of dollars, there are some unconventional ways you can still get the capital you need.

Don’t limit yourself, change with the changing terrain and let your imagination fly!

From Our Partners



#real estate business

#

Business Administration: Real Estate (BBA, 4 Years)

Profile of the Programme:

General
1. Gain expertise in Business Administration and in one of the following concentrations: Energy Oil and Gas Management; Entrepreneurship and Innovation; Finance and Economics; Human Resource Management; Information Systems and Social Media; Management; Marketing Communications; Public Administration; and Real Estate.
2. Demonstrate knowledge of business processes and an ability to assess industry attractiveness, identify risks and opportunities of doing business in a global environment
3. Choose and apply appropriate quantitative or qualitative methodologies to analyze problems and utilize modern technological and analytical tools necessary to support decision-making in organizations.
4. Develop leadership and organisational skills towards communicating vision, inspiring employees and promoting innovation and change.
5. Identify and evaluate ethical issues and communicate justifiable resolutions for practical situations.
6. Demonstrate proficiency in communication and develop teamwork skills.

Specific Concentration Objectives:
Real Estate
1. Gain a systematic understanding of real estate-related problems, methods and tools for analyzing and evaluating the real estate and property industry
2. Develop an understanding of the planning policy and implementation process, and acquaintance with the legal and taxation aspects of the real estate industry
3. Apply tools to determine market trends and values in the real estate industry

Real Estate Investment firm, Real Estate Equity firm, Estate Manager, Property Valuation Manager and Consultant, Real Estate Broker, Real Estate Agent, Development and Construction Industry, Appraiser, Investment and Banking Sector.

Access to Further Studies:



#small scale business

#

4 Ways a Small Business Can Scale to Profitability

Downfalls like not being a profitable venture, startups shutting their doors or even bankruptcy are often caused by a lack of knowledge or a willing ignorance amongst small-business owners.

If the owners really knew what they were doing wrong, they might have been able to fix the problem, entrepreneur and business speaker Jay Goltz told The New York Times . Often, it s simply a matter of denial or of not knowing what you don t know.

Don t fall into the trap. Armed with the following knowledge and know-how, you have a fighting chance of making it as a profitable business that continues to scale for years to come.

1. Prove your expertise. To get customers to trust you (and pay for your products or services), you have to prove you re an expert in your industry.

You can accomplish this by posting blogs, sending out newsletters, participating in interviews, publishing content through noteworthy blogs or publications and making informative how-to and instruction videos that relate to your business.

You cannot buy trust at any price. But slowly, over time, you can build it for free, business advisor Jeffrey Gitomer told Copyblogger .

2. Take calculated risks. All entrepreneurs are risk-takers. They kind of have to be, as it is a huge leap of faith to start a business. But what makes one entrepreneur succeed, where another will fail has to do with if a person makes calculated or reckless risks.

Look at the costs and benefits of every decision and figure out the worst-case scenario. Have back-up plans in place and rely on trusted advisors like your accountants, bank, marketing consultants, lawyers and insurance agents.

Carefully plan out your course of action and make it a collaborative effort amongst you and your employees. That way, if failure does occur, you have people there to support you and assist you in deciding the next move and risk you should take. Plus, by taking these more conservative risks, you are less likely to make a mistake that could have detrimental ramifications — ones that could create financial situations that are hard to climb out of.

3. Develop a cash-flow strategy. Having a steady flow of cash is critical when you have a small business. You need to pay the bills and your employees, as well as purchase materials to scale your services or build your products and more. You also need to make a list of one-time expenses and ongoing expenses and figure out how much money you ll need to operate on a day-to-day basis.

One great tool is SCORE s break-even chart, which allows you to track your profits and can help you see how to increase them. To prepare for slow times of the year, you should save at least three to six months worth of cash to keep your operations going.

4. Appreciate your employees. When you hire employees, make sure that they re actually passionate about the industry you serve. If an interviewee is enthusiastic, does his or her research about your business and asks engaging questions, then he or she is likely to be a good candidate for a position and could provide amazing insights into growing your company.

Once you hire your rock-star team, treat employees as equals and trust them. Show that you appreciate their efforts by encouraging new ideas and collaboration. You can do this by simply being available to them and being positive when they have suggestions. If everyone is on the same page and feels like they have a say, the business is more likely to thrive.

Small business success can be achieved by thinking ahead and planning out your next move. It s a challenge to run a small business, but with the right preparation, you can come out on top.



#start online business

#

4 Steps to Starting an Online Business

In many ways, starting an online business is similar to starting a brick-and-mortar store. You’ll plan your business, organize your funding, produce your product, and get to work. But, there are unique aspects of running an online-only business that would-be entrepreneurs need to consider.

I’ve laid out a few of the various types of online businesses that you might be interested in starting, both those based around existing platforms like Etsy and eBay, and self-hosted eCommerce sites. We’ll also go over the process for starting an online business, and the steps you’ll need to take to get your business up and running.

In addition, you’ll find links throughout this article to other Bplans articles, which you’ll definitely want to check out. They’ll help you go into more detail about the different aspects of starting your online business, such as setting up your website and how to register your business name.

The different types of online businesses:

Wondering what type of online business to start? There are a few different options, and the best type to start will largely depend on your specific business, and what it is you’re selling.

An eCommerce site:

An eCommerce site is the most direct form of online business you can start; with a self-hosted eCommerce site, you will be selling your goods and services directly to your customers, without a “go-between” such as eBay or Etsy (we’ll get to those more later).

The best part about a direct eCommerce site is the level of control you have over your store. You’ll be able to customize virtually all the options when setting up your own eCommerce site, such as the complete look and feel of your store, but this flexibility makes the process that much more complicated, too.

Your biggest considerations with an eCommerce site will be setting up your website to offer the best user experience. Choosing the right web design is crucial, as is making sure that your shopping cart software is well-suited for your business. Be sure to check out the various shopping cart options available—from Shopify to X-Cart and many more.

An Etsy store:

An Etsy store is, by comparison, relatively easy to set up. The format of an Etsy store remains relatively similar store to store, though you will have the ability to customize your layout a little. However, all customers will buy through the Etsy interface, and the legwork to get your site up and running is minimal. This may be a positive or a negative to you, depending on how much control you wish to maintain over your site.

The biggest consideration, aside from the lack of flexibility? Etsy is a site for creative types, and focuses on handmade items. Now, if you sell handcrafted goods, resell vintage items, create and sell your art, and so on, you’ll fit in on Etsy no problem—in fact, it might be perfect for you.

But, if what you’re selling will be mass-produced, you’ll want to steer clear; although Etsy has recently made it clear that while they allow their sellers to potentially partner with outside businesses to make their products, mass-produced goods are not welcomed on Etsy.

An eBay store

Similar to Etsy, starting an eBay store has some significant advantages, which are also at the same time potential downsides. As with Etsy, you won’t have to set up a website, customize your online storefront, or choose a shopping cart software—when you use eBay to sell your products, that’s all included.

However this means, like Etsy, that your customers will have to go through eBay to buy from you, and you’ll also have little control over the visual layout of your store. As with Etsy, this may be a pro or a con for you, depending on your business.

Unlike Etsy, there is no stipulation with eBay stores that the goods be handcrafted or vintage resale. However, there are still certain items that are prohibited, so make sure to look into the details of selling on eBay before you decide that it’s the right choice.

A site with no physical goods sold

That’s all fine and good, but what if you’re not selling physical goods, but rather consulting or other services?

If your business still needs to accept payment via your site, you’re most likely better off setting up your own website, with a very simplistic shopping cart software. However, Etsy is home to plenty of web design businesses, for example, so this platform isn’t altogether out of the question.

Steps to starting an online business:

1. Plan your business

Like any business, you’ll need a plan. Your planning process should include thorough market analysis, plans for how you’ll fund product production, and perhaps a SWOT analysis to begin your planning process.

2. Write your business plan

Once you’ve done a bit of preliminary planning, it’s time to write your business plan. Unless you’re asking for funding from the bank, an investor, or have a similar “business plan event” coming up, you’re better off sticking to a lean business plan. A lean plan is quicker and easier to write, and distills your plan down to the essentials.

3. Register your domain name and set up your website

If you’ve chosen to set up your own eCommerce site outside of a platform such as eBay or Etsy, you’ll want to make sure your chosen domain name is available and ready for use. Once you’ve secured it, the process of setting up your business website begins. You can choose to outsource this to a professional, or DIY it with our handy guide.

4. Make it legal

There are a few steps you’ll have to take to make sure your business is legal. While generally speaking, the same rules apply for online businesses as brick-and-mortar businesses, there are a few subtle differences:

Read up on online business regulations

The most important distinction when it comes to doing business online versus in person is online business law. These laws regard the distribution of your customers personal information, as well as other privacy and intellectual property regulations. The SBA gives a thorough rundown of the specifics of online business law, so make sure to brush up on them before you start your online business.

Visit your secretary of state’s websitefor state-specific requirements

State specific requirements will, naturally, vary state by state. For instance, you’ll be required to collect state sales tax from your customers. Visit your local secretary of state office’s website for more information on compliance at a state level.

Learn about tax obligations for running an online business

Do you operate your business from your home? If you run an online business, it’s likely. As such, you may be eligible for certain tax deductions. You’ll additionally be required to pay income tax, so before setting up your online business, it may be a good idea to consult with a lawyer and make sure that you’re all covered going forward.

Ultimately, starting an online business is very similar to starting a business with a physical storefront. The planning and legal aspects remain similar; while you may not be faced with the prospect of finding a retail location, you’ll still want to make sure you’ve got a solid plan for your business, a great website, and have dotted all your i’s and crossed your t’s before you start selling.

However, while starting an online business does involve some initial legwork, the low cost of overhead and flexibility of the platform make starting an online business a great choice for many entrepreneurs.

Do you have questions on starting an online business, or tips to offer fellow entrepreneurs?

How LivePlan makes your business more successful

If you re writing a business plan you’re in luck. Online business planning software makes it easier than ever before to put together a business plan for your business.

As you ll see in a moment LivePlan is more than just business plan software though. It s a knowledgable guide combined with a professional designer coupled with a financial wizard. It ll help you get over the three most common business hurdles with ease.

Let s take a look at those common hurdles and see how producing a top notch business plan sets your business up for success.



#business laptop

#

Time to grow up! Four laptops for the office professional

Finding the right laptop for work or business isn t necessarily about opting for the nicest graphics cards, or the most exuberant storage setup, or an industrious eight-core processor. It s more about having a machine that can go with you wherever you need to be, can endure an entire flight on a single charge and most importantly doesn t stop working when you need it most. Thankfully, the four computers outlined below cover all the aforementioned bases and more, allowing you to revel in a function-first approach whether you re in the office or elsewhere. Just don t count on the sleekest exterior.

The Best

15-inch Apple MacBook Pro ($2,000+)

Say what you will about Apple, but it s hard to beat the Macbook Pro when it comes to a well-rounded balance of performance, battery power, and portability. The beautiful Retina display comes equipped on even the entry-level models, rendering it perfect for watching movies, viewing photos, or editing documents on the go. Underneath the hood, the Macbook Pro boasts a lightning-quick, 2.2GHz Core i7 processor and 8GB of RAM, along with solid state storage. You also get the same keyboard and resounding build quality with every model, with a recent price reduction to boot. Recent updates haven t added much, yet the minor changes ensure the system remains at the top of the food chain. Well, at least until Apple unveils the next iteration.

The Rest

Dell XPS 13 ($800+)

Greg Mombert/Digital Trends

Greg Mombert/Digital Trends

Dell s redesigned XPS 13 came out of nowhere and caught us totally off guard. You probably value portability over performance if you re considering a 13-inch laptop, but with the slim XPS 13, you get both. Sure, connectivity suffers a little given the laptop lacks an HDMI port, but the standard 1080p display (upgradable to 3,200 x 1,800) is great for catching up on movies and shows between flights or morning meetings. The XPS 13 ran for more than nine hours in our Peacekeeper battery benchmark despite packing the latest i5 processor, which is an impressive feat for any laptop this well equipped.

ThinkPad T440s ($679+)

The Thinkpad T440s is close enough to the no-nonsense Thinkpads you re used to, but with a few tweaks designed to bring it up to speed with the other laptops of 2015. The 1080p touchscreen is a nice addition, enabling a number of useful features for Windows 8, and the redesigned island-style keyboard is spacious and responsive. With an optional, extra battery pack, the T440s can run for an astounding 28 hours on a single charge, which is no small feat for a laptop of its size. The Thinkpad may not be the flashiest computer considering its general lack of bells and whistles, but it has remained a benchmark in the business world for years due to its sheer reliability and simple, professional aesthetic.

Thinkpad Edge E431 ($527+)

Performance isn t everyone s top priority, and the Thinkpad Edge E431 gets that. It features a graciously-sized touchpad and spill-resistant keyboard, so you don t have to worry about bringing it to the lunch meeting with your cohorts. It also keeps cool and quiet even under stress, which is great if you need to use it on your lap or during a presentation. Furthermore, if you re using a dock to expand your laptop s work area, the Edge E431 offers a Lenovo OneLink port designed to carry power and connectivity through a single cable. The price point is the most appealing aspect of the E431, though. It starts at a budget-friendly MSRP of $527, with a few extra customization options for upping the performance.



#dog walking business

#

How to start a dog walking business: 4 simple steps

With recent figures showing that Brits spent more than £4bn on their beloved pets in 2015, you’d be barking mad to think the recession has impacted on the UK’s pet spend.

Action point: Need a loan to start a business of your own? See how we can help here and here

Marking a 10% increase on pooch spending from 2010, it’s not only large retailers benefitting, with many entrepreneurs realising there’s opportunities to be had in the pet industry.

The average dog walker now earns 20% more than the average UK salary. so it’s clearly a viable and potentially profitable business opportunity.

Of course you’ll need to have a genuine interest in dogs as well as a good knowledge of the various rules and regulations surrounding the industry – and it’s a fairly business marketplace.

However, with plenty of doting pet owners out there, finding a good niche can still present great opportunities.

Sound interesting? Then read our four simple steps to help you become top dog in the industry.

1. Experience is essential

While it’s not imperative to have a career background with animals, you should at least be confident around dogs and at the very least have experience in walking a family or friend’s pet.

The Kennel Club’s guidelines for people working with dogs advises “strong interpersonal and communication skills”, as well as “a high level of fitness” and, naturally, “an affinity with, and understanding of dogs” for anyone wishing to pursue a career with man’s best friend.

If you’re in need of experience in handling dogs, you might want to consider volunteering at your local kennels or rescue centre. They’ll often house a good range of dogs of various sizes, age and temperament, so you’ll be fit to face whatever comes your way.

Consider attending courses in animal first aid, pet medication or even animal psychology as gaining a diploma or certificate in any of these would showcase your commitment to the dog’s welfare and impress clients.

2. Remember, it’s a business

While any animal lover might feel like they’ve died and gone to doggy heaven, remind yourself that your dog walking business is just that – a business. As such, you’ll need to possess all the regular entrepreneurial skills required for founding and running a successful company.

Having a basic understanding of bookkeeping is important as you’ll need to be able to balance your own books and fill in your self-assessment tax return. Remember that this is your livelihood and not a hobby, your income should reflect this.

Similarly, a good understanding of marketing and self-promotion will be needed to get your business off the ground.

Finally, an ability to network and negotiate with both your customers and local animal industry is key. Never underestimate the potential for clients to try and negotiate price or you could find yourself working for substantially less than you might have hoped.

3. Be aware of the rules and regulations

Although there are relatively few regulations specifically targeted at dog walkers, businesses providing a service must get public liability insurance.

If this is the start-up business idea for you, be aware you may have to deal with dogs injuring other dogs or people while in your charge.

It’s vital to have the right insurance cover to deal with legal claims, should they arise.

They can help provide you with support and advice on dog walkers insurance and training, plus your membership will give your clients confidence.

To ensure you abide by key regulations, Narps suggest you should:

  • Meet owners prior to the first booking
  • Restrict the number of dogs walked to no more than four at a time
  • Keep records of all work undertaken
  • Protect clients’ personal information

All dogs in public must wear a collar with the owners name and address on it and you could be fined up to £1,000 if you fail to clean up its faeces.

While not the most exciting element of running your own business, it’s crucial you keep abreast of the latest rules and regulations to ensure you’re not jeopardising the safety of others or the reputation of your business.

4. Find a niche in the market

Given the popularity of setting up a dog walking business, it’s very probable you’ll have to find a niche to distinguish yourself from the crowd.

Above all else, carry out market research and see if there’s actually room in your area for another dog walker.

A simple google search or contacting NarpsUK will help a lot in this regard.

Consider offering pet sitting as well as dog walking. Much like babysitting, you’ll mind your client’s pets at their home while they are away, as well as feeding them and attending to any medical needs such as medication or fulfilling dietary requirements.

Having a diploma in pet medication would be advantageous in this instance as it would allow you to cater to a specific group of dogs.

Provided you are properly trained, you could also offer grooming services such as hair cutting or washing.

Offering one-to-one intense sessions with larger dogs could also widen your appeal.

Some dogs simply won’t be satisfied by a trip around the block and will require a more strenuous workout.

For more information on starting a dog walking business, take a look atour in-depth guide to help you prepare for the launch of your start-up.

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More from Startups



#real estate business

#

Business Administration: Real Estate (BBA, 4 Years)

Profile of the Programme:

General
1. Gain expertise in Business Administration and in one of the following concentrations: Energy Oil and Gas Management; Entrepreneurship and Innovation; Finance and Economics; Human Resource Management; Information Systems and Social Media; Management; Marketing Communications; Public Administration; and Real Estate.
2. Demonstrate knowledge of business processes and an ability to assess industry attractiveness, identify risks and opportunities of doing business in a global environment
3. Choose and apply appropriate quantitative or qualitative methodologies to analyze problems and utilize modern technological and analytical tools necessary to support decision-making in organizations.
4. Develop leadership and organisational skills towards communicating vision, inspiring employees and promoting innovation and change.
5. Identify and evaluate ethical issues and communicate justifiable resolutions for practical situations.
6. Demonstrate proficiency in communication and develop teamwork skills.

Specific Concentration Objectives:
Real Estate
1. Gain a systematic understanding of real estate-related problems, methods and tools for analyzing and evaluating the real estate and property industry
2. Develop an understanding of the planning policy and implementation process, and acquaintance with the legal and taxation aspects of the real estate industry
3. Apply tools to determine market trends and values in the real estate industry

Real Estate Investment firm, Real Estate Equity firm, Estate Manager, Property Valuation Manager and Consultant, Real Estate Broker, Real Estate Agent, Development and Construction Industry, Appraiser, Investment and Banking Sector.

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#catering business

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Tasty tapas, enticing entrées, and delectable desserts – if the sounds of these dishes whet your career appetite, then employment in catering might be right for you. If, in addition to being a virtuoso in the kitchen, you’re an expert event organizer, then perhaps you can do more than just work for a catering company. That skillset is just what a catering business entrepreneur needs to be successful.

Launching your very own catering business can be incredibly rewarding but also requires a lot of hard work and careful planning. Before you start working on your catering business plan, make sure you take into consideration these four factors as advised by professional business plan writers .

Investing in Logistics is Key

Glossing over the logistics in your catering business plan won’t suffice. Being successful in the catering industry requires a keen understanding of the logistics involved in the delivery of your catered dishes. A simple miscommunication between you and a supplier, for instance, can result in a botched wedding and a very unhappy clientele. Therefore, invest in logistics technology that suits your needs and learn all there is to discover about lead times, transportation, handling, etc. These skills will go a long way in keeping your business afloat.

Reach out to Dependable Suppliers

Even if you have all your internal ducks in a row logistics-wise, having an unreliable supplier can just as easily doom your business as if you yourself were a shoddy caterer. This is especially true when the goods being supplied are food. Since you’ll be working with perishable items, stocking up your inventory for the long-term is not an option for the most part. You’ll need to partner with suppliers who can deliver fresh meat, fish, dairy, produce, and more in a timely fashion. Moreover, you’ll need suppliers that you can trust are handling and storing food safely and properly. A bout of food poisoning – though not caused by your kitchen – can ruin your business nevertheless. So, do your research and ask for references when you’re on the hunt for a dependable supplier.

Save on Space

Depending on the needs and requirements of your business, you might be able to save on rental or leasing costs. Instead of leasing a commercial space on your own, you can share it with another caterer to reduce overhead. Other options include working out of your home or renting a restaurant’s kitchen after closing. A little creativity in your catering business plan can go a long way to saving money!

Competing in the Catering World

According to IBISWorld. the catering industry in the U.S. is a $9 billion industry with over 11,000 businesses. Revenue growth is mediocre, however, with annual growth between 2009 and 2014 measuring only 2.0 percent. With the industry as a whole experiencing little growth, new entrants in the catering space have a difficult time getting their share of the catering pie. If you want to compete, finding a speciality might be your best option. For example, you may choose to cater solely for corporate parties and events. Likewise, you might become the first gluten-free or organic caterer in your city. By gaining insight into the industry on a national and local level, you’ll be more prepared to come up with a unique strategy for your catering business.

Creating a successful catering business plan does not have to be difficult, The Plan Writers can help your business flourish. Fill out our online form for more information on building your business.