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3 Big Mistakes First Time Business Owners Make

First Time Business Owners are Prone to These Rooky Mistakes

Clark is a successful 3 time business owner as well as he is just 25 years of ages. From his somewhat unique viewpoint I asked Clark to share the Beginning Business Errors he views most. Here’s just what he said:

1) Don’t anticipate to be excellent. The errors people make when Building New Businesses resemble what somebody experiences trying to run a marathon for the initial time. Your First Business is not likely the one that makes you wealthy, Clark claimed. If you observe any sort of uber-successful Entrepreneur you’ll likely view many prior endeavors that supplied necessary understanding encounter. Like a First-Time marathon jogger, the time you invest in finding the excellent running footwears, running style, foot strike as well as training strategy will certainly make little difference when you’re puffing one hr in to exactly what’s most likely to be a four-to-five hr fight of willpower.

2. Do not obtain immobilized by your Fears. “We view new individuals acquire paralyzed by their bother with what’s coming,” Clark claims. “What takes place if a distributor does not send my item? Suppose someone sues me? Just what takes place if I increase also huge and need to change firm framework?” These and a thousand various other concerns won’t matter if you never ever acquire a Business Off the Ground, Clark states, however worries often stop Prospective Entrepreneurs from building any sort of Business whatsoever. If you’re just getting out of the starting entrance, do not squander your psychological power computing the number of countless actions you’ll absorb the 24th and also 25th miles of the race. Stressing too soon will sap the important motivation you’ll have to draw you with the long roadway to Success, Clark recommends.

3. Do not acquire Derailed by your First Setback. “We view far too many New Business Owners ignited with aspiration that fades away with the initial unpreventable hurdle,” Clark states. When building a New Business, comprehend that you will certainly experience issues on a day-to-day basis. There will be customer support concerns, item as well as stock problems, staff member concerns. At one time or another, every location of business will seem like it’s crumbling.

This is the strain that originates from developing something that’s never existed just before by an individual who’s never ever done it before (that’s you). “Like a marathon runner, expect to really feel pain along the way,” Clark says. “But also recognize that after you work through the discomfort and the bumps in the road, the flexibility you gain from understanding you will certainly never ever have to depend on another person for your Financial Freedom is well worth it,” he claims.

With that said, below are 10 items of advice that I wish someone had provided me prior to I launched my initial venture.

Concentration. Concentration. Concentration.
Numerous first-time entrepreneurs feel the have to hop at every “chance” they stumble upon. Opportunities are often wolves in lamb’s garments. Stay clear of getting side-tracked. Juggling several endeavors will certainly spread you thin and limit both your efficiency as well as efficiency. Do one point completely, not 10 points improperly. If you feel the have to jump onto an additional job, that might indicate something concerning your initial principle.

Know exactly what you do. Do exactly what you understand.
Don’t begin a company merely due to the fact that it appears gorgeous or flaunts huge theoretical profit margins and also returns. Do exactly what you enjoy. Businesses built around your staminas and also abilities will certainly have a better possibility of success. It’s not only vital to create a successful company, it’s also essential that you’re happy handling as well as increasing it day in and day out. If your heart isn’t really in it, you will not achieve success.

State it in 30 seconds or do not state it at all.
From a chance experience with an investor to a curious customer, consistently prepare to pitch your company. State your objective, solution and also objectives in a clear and also succinct manner. Fit the pitch to the individual. Much less is constantly much more.

Know what you know, just what you have no idea and also that knows exactly what you don’t.
Nobody recognizes every little thing, so don’t come off as a know-it-all. Surround on your own with consultants as well as coaches that will nurture you to come to be a much better leader as well as business person. Locate successful, educated individuals with whom you share common passions and also common business goals that see worth in collaborating with you for the lasting.

Act like a start-up.
Ignore expensive workplaces, fast cars and also fatty tissue travel and entertainment account. Your budget is your company’s life-blood. Method and excellent the art of scrimping. Watch every buck and triple-check every cost. Maintain a reduced expenses as well as manage your cash flow effectively.

Learn Under Pressure
No company book or business plan could predict the future or completely prepare you to end up being a successful business owner. There is no such thing as the best plan. There is no perfect roadway or one much less traveled. Never ever leap right into a new company with no thought or preparing, however don’t spend months or years waiting to carry out. You will come to be an all-around entrepreneur when tested under attack. The most essential thing you could do is gain from your errors– and never ever make the very same error twice.

Nobody will give you cash.
There, I claimed it. No one will certainly purchase you. If you need large amounts of resources to release your venture, go back to the attracting board. Locate a beginning point instead of an end point. Reduce costly plans and also grand costs. Streamline the concept till it’s manageable as an early stage venture. Discover methods to show your business version on a shoestring spending plan. Demonstrate your worth just before aiming for investment. If your concept achieves success, your possibilities of elevating capital from financiers will significantly boost.

Be healthy.
No, I’m not your mommy. However, I vow that you will certainly be far more productive when you take much better care of on your own. Entrepreneurship is a way of living, not a 9-to-5 career. Working to the point of exhaustion will certainly burn you out and make you much less effective. Do not make justifications. Consume right, workout as well as discover time for yourself.

Do not succumb your own B.S.
Don’t talk the talk unless you could walk the stroll. Excite with action not discussion. Recommend your business enthusiastically, yet tastefully. Stay clear of exaggerating facts and also boasting much getting to goals as sureties. Basically, put up or stopped talking.

Know when to call it quits.
In contrast to public opinion, a wise captain does not go down with the ship. Do not go on a fool’s task for the sake of ego. Know when it’s time to walk away. If your suggestion doesn’t work out, review what failed and the errors that were made. Examine what you would have done in different ways. Determine how you will certainly utilize these hard-learned sessions to far better yourself as well as your future business undertakings. Failure is unavoidable, however a real entrepreneur will certainly prevail over misfortune.

Nutrition Supplement Store for Sale Florida

Nutrition Supplement Store

Coconut Creek, FL (Broward County)

Nutrition_Supplement_Store_for_Sale_in_Florida

Business Description

Nutritional Supplement store in gorgeous shopping plaza with tremendously favorable lease terms. Has only been open for a few months, but has already started to turn a modest profit. Gross revenues are up to $12,000/month increasing every week. Huge potential lies in a new owner to add internet sales and a juice or smoothie bar. No other store in the plaza is allowed to sell nutritional supplements.

For More information on this Nutrition Supplement Store for Sale in Florida, Contact Florida Business Brokers, LLC 561-234-5678

Detailed Information

Inventory:
Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Nutritional supplement store located in a gorgeous newly-built outdoor mall. Lots of foot traffic.
Competition:
Prime location in most beautiful mall in town with exclusive right to sell nutritional supplements. Virtually no competition.
Growth & Expansion:
Huge potential when adding internet sales and a juice / smoothie bar. Outdoor seating can be added on.
Financing:
0
Support & Training:
Owner will train buyer for two weeks at no cost.
Reason for Selling:
Owner entered medica school.

Raising Capital for Small Business

The Challenge of Raising Capital for Small Business

Raising capital is one of the most difficult challenges faced by today’s entrepreneurs.

  • Bank loans are very hard to get
  • Risk capital investors (angels and venture capital funds) expect high growth and rapid exit, which are not options for a huge majority of businesses
  • Complicated securities regulations place severe limits on who can invest

Strategies to Raise Capital

We have identified five strategies that allow you to raise money from both wealthy and non-wealthy investors in compliance with securities law. These are:

  • Direct Public Offerings (DPOs)
  • Private offerings
  • Special strategies for cooperatives
  • Fan-based funding (donations, pre-sales, memberships, etc.)
  • Grants and public-private partnerships

There’s more than one way to raise capital, and the very first option starts with you. If you’re not willing to invest in yourself, how can you expect anyone else to? Many successful entrepreneurs put nearly all their savings into their small business, and that helps catch the eye of investors because it’s clear you’re fully committed to the project. But what if you have hardly any capital to invest?

The vast majority of the time, it’s best to wait to launch until you at least have something to offer. Getting that first round of funding is often the most difficult, and lenders want to see that you’re serious. When it comes to raising capital and approaching funders, make sure you have a POA ready to go.

Here are some of the best ways to raise capital

1. Yourself 

There’s no getting around this one. Only in very rare instances can a startup happen with a founder investing $0 of his or her own money. It doesn’t have to be a fortune and the total sum is dependent on the startup and a variety of unique circumstances. However, consider it your bid to yourself and prioritize it.

2. Family and friends

This is the one that many entrepreneurs shy away from, but it’s actually the absolute best option. Don’t worry about sounding like you’re begging or putting your loved ones in an awkward position. If you present your pitch professionally and treat them like real investors (because they are), it will go smoothly even if you’re turned down. You might be surprised by who has extra cash and is interested in supporting your dreams.

3. Banks and traditional lenders 

Small business loans from traditional lenders (banks) can offer surprisingly great terms and interest rates. Of course, this depends on your credit profile and the type of collateral you can offer up. This is the reason why you need to have a well drafted business plan in place. From a traditional standpoint, this is your best bet for getting capital and you can help optimize your credit score at the same time. Plus, securing this loan helps other investors see that you’re a “real company.”

4. Crowdfunding

If for whatever reason you don’t qualify for a small business loan, there are oodles of crowd funding options available. Do your research and select a reputable company with a great success rate. This is a less orthodox approach, but it works wonderfully for many people in your position. Just make sure you carefully look at the terms and rates, and perhaps have a legal advisor chime in.

5. Investment companies and angel investors 

This is the cream of the crop and the most difficult to secure. Some investment companies have very clear directions for pitching while others will basically come to you as if by magic. To pique the interest of these lucrative investors, it’s all about PR and marketing even at this level. You might be exactly what they’re looking for, but not if you’re not visible.

Liquor Store/Bar for Sale in West Palm Beach Florida

Deal of the Week: Liquor Store Bar for Sale

Liquor_Store_Bar_for_Sale_WPB

Liquor_Store_Bar_for_Sale

Interested in Learning More about This Liquor Store / Bar for Sale in West Palm Beach Florida?

Call Florida Business Brokers at 1.561.234.5678

Business Description

Liquor store with bar in the back has been established 30 years on busy road. Full 5am liquor license. Owner retiring. Sale includes all FFE, and Liquor License. Inventory is not included in price. New owner should plan on renovations. Lease to be negotiated with landlord. This would be a great liquor store only or bar only location. There is no competition for either in the area. Seller willing to hold a note for inventory. Smoke Shop License. Get ready for medical marijuana.


Detailed Information

Inventory:
Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
4,000 square feet, leased in shopping center on busy east/west road in West Palm Beach.
Competition:
No bar or liquor store for more than a mile anywhere. Great signage on busy road. Well known landmark location.
Growth & Expansion:
5am liquor license is good for a buyer who wants to make the facility a restaurant and bar or who wants to make a large liquor store. Either way the location and traffic will support the new business well.
Support & Training:
Owner to train for no charge.
Reason for Selling:
Retirement

Starting Your Own Business: Is it the Right Choice for You?

Small Business Owner |Starting your own business in Florida or anywhere else  isn’t for everyone. From start to finish, entrepreneurs find starting a business stressful and demanding. On the other hand, it can also be a rewarding experience professionally and personally. You may, after reading this article, find that starting your own business is more work, time and money than you are prepared to invest.

Your other option is to buy an existing business in Florida. Florida Business Brokers invests their time and resources into getting to know you and your goals. They can help you find the perfect business for you.

Buying an existing business means all the hard start up work and growing pains are over. The right business should have a proven track record and cash flow so you can start off on the right track.

Call Florida Business Brokers to help ensure your success as an entrepreneur and new business owner.

Here are 50 Steps to Starting and Running a New Business:

1. Do a self-inventory.

Not everyone has what it takes to start their own business. That’s not to say that your idea is not brilliant. It just means that you may not have the personality traits to handle launching a business of your own.

Before investing any time or resources, evaluate yourself and see if you have some the typical traits of an entrepreneur. Are you motivated, able to adapt and confident? Are you resilient?

2. Develop an idea.

Don’t just start a business because something is in vogue and you think commercializing it will make money. Develop a business concept that you’re passionate about related to something that you have experience with. From there, come up with a product or service that you believe can enhance the people’s lives.

3. Test the plausibility.

Once you’ve settled on an idea, figure out how you can make it become a reality. Is the product or service something that people want or need? Can you make a profit selling it? Does the product work?

4. Write a business plan.

A solid business plan will guide you going forward. It’s also needed for presenting your idea to potential investors. Your business plan should include a mission statement, a company summary, an executive summary, a service or product offerings, a description of a target market, financial projections and the cost of the operation. Learn about how to write a business plan at SBA.gov.

5. Identify your market.

Even though you may have detected some interest in your business, you need to do more homework. Assess the market, targeting the customers most likely to make a purchase. Perform a competitive assessment.

6. Determine the costs.

Do additional research and find out the standard cost factors within this industry. Not only will this help you manage your business more effectively, investors will want to know this.

7. Establish a budget.

Once you determine how much money you’ll have to work with, figure out how much it will take to develop your product or service and create a marketing plan.

8. Find the right investors.

You’re going to need some sort of funding to start off, whether from your savings, credit cards, loans, grants or venture capitalists. Find an investor who shares your passion, someone you believe you can work with.

9. Listen to investors.

Whether you like it, investors do have a say in your company. And you need to listen to their advice or suggestion. But that doesn’t mean you have to do what they tell you.

10. Set up a great support system.

You’re going to be investing a lot of time and resources into your new business venture. Be certain that your family is on board. They must be aware that this process will be challenging financially and emotionally.

11. Determine the legal structure.

Settle on which form of ownership is best for you: a sole proprietorship, a partnership, a limited liability company, a corporation, an S corporation, a nonprofit or a cooperative. Find out more at SBA.gov.

12. Select a business name.

Decide on a name that best suits your business. Then check to see if the domain name is available online, as well as if it’s free to use in your county, state and in the country.

13. Register your business name.

If your proposed business name is available, register it with the county clerk, have it trademarked at the state and federal levels and secure a domain name.

14. Take advantage of free resources.

Numerous free resources can offer advice, training and assistance. SBA.gov is a great place to look at to find local resources.

15. Determine tax obligations.

Now it’s time to wrestle with the tax obligations. In the United States, four basic types of business taxes arise: income, self-employment, taxes for employees and excise taxes.

16. Secure permits and licenses.

According to NOLO, you’ll have to pick up a federal employment identification number (unless the company is a sole proprietorship or a limited liability company without employees.) Apply for state licenses. Pick up a local tax registration certificate. File for local permits, if required, such as a conditional use permit or zoning variance.

17. Buy insurance.

Make sure that you arrange for the proper insurance for your business. This will vary according to the type of business. If you’re working from home be sure that your homeowner’s insurance covers theft or damage to business assets, as well as liability for any business-related injuries.

18. Set up the books.

Figure out if you’re using a cash or accrual system, determine the fiscal year for the business and set up a recordkeeping system.

19. Choose a business location.

Select a location that best fits the needs of your business, one that offers an opportunity for growth, the right level of competition and proximity to suppliers. It should also be accessible to customers.

20. Don’t worry about an office.

If you’re not making any revenue, then don’t concern yourself with an office or warehouse ust yet.

21. A patent can wait.

Patents can cost thousands of dollars. Wait to pursue this route until you have a few customers paying the bills. A patent is less useful if you can’t enforce it or have the money to see it through.

22. Be flexible.

Chances are that your original idea will have to be modified. Being able to pivot and adapt to create what customers want will determine if your business will fail or succeed.

23. Share your ideas with friends and family.

Your nearest and dearest will most likely be the most honest with you about your business. Don’t hesitate to seek their advice and suggestions.

24. Ignore the naysayers.

At the same time, there’s a difference between constructive criticism and someone’s quick jab projecting that your business will fail. Follow the example of French Internet mogul Xavier Niel and ignore them.

25. Don’t become angry.

If your idea is rejected by customers or investors, don’t just succumb to anger. Find out what they didn’t like, make adjustments and go back to them when you’ve made the changes. There’s the possibility that the timing was wrong as well.

26. Deliver the product or service fast.

Your business is a work in progress and if you launch your product or service quickly, you will be able to build a community of customers who can provide valuable feedback that can help you improve the offerings. In the words of LinkedIn founder Reid Hoffman, “If you’re not embarrassed by your first product release, you’ve released too late

27. Offer new products or services.

If you already have customers, be sure to hold on to them by providing new products or services.

28. Be patient.

Always keep in mind that success won’t happen overnight. It’s going to take some time before you make a profit.

29. Overdeliver at first.

Once you land a new client, be sure to go above and beyond the call of duty for at least the first month. You’ll have this customer hooked from then on.

30. Blog all the time.

Don’t be ashamed to share both your triumphs and struggles. Customers will enjoy your honesty.

31. Avoid fights with partners

If you have disagreements with partners, then sever ties as soon as possible. In-house bickering will prevent you from focusing on growing the business.

32. Don’t worry about dilution.

So an investor has required a stake in the company. Recognize the fact that eventually at one point or another you’ll have to give up some control of the business. Accept it and move on.

33. Hire a copywriter.

Unless you’re an excellent writer, hire a copywriter to compose emails for highly targeted customers. A copywriter will also prove handy for press releases and other pieces to spread brand awareness or provide business updates.

34. Prepare for meetings.

When preparing for a meeting with a client, read up on everything that’s available, steeping yourself in information about the industry, that firm’s employees and its competition.

35. Don’t fear the competition.

Don’t bad-mouth the competition when talking to investors or customers. There’s no need to become an object of pity. In fact, talking in this manner might even point customers to a competitor who may offer a product or service that you don’t. Remember, when competition exists, there’s a market for your business. Use that knowledge as inspiration to outperform a rival.

36. Benefit from word-of-mouth.

Nothing beats some good old-fashioned word-of-mouth marketing. Let friends, family members and influencers in your field spread the word about your product or service.

37. Network.

Don’t be afraid to get out there and show your face to the public, whether at a conference or just being out and about with friend on a Friday night. But try to stay local because travel can dwindle your budget.

38. Provide outstanding customer service.

Interacting with people is a big part of the job. Your business may gain new customers because you made them feel important. For example, Zappos wasn’t the first online store to sell shoes, but the company perfected its customer-service department and won over shoppers.

39. Be sure your website functions.

Potential customers want to know as much about your business as possible and they should be able to quickly access that kind of information on your website.

40. Don’t be overly concerned by the economy.

Some of the best businesses have launched during a recession. In fact, half of the Fortune 500 companies listed in 2009 were founded during such times, according to the Ewing Marion Kauffman Foundation.

41. Make sure clients pay their bills.

Always be certain to receive payment for your products or services. Instead of being taken advantage of of, establish a time frame for payment. It also wouldn’t hurt to accept credit cards and have an online payment system set up.

42. Find the right employees.

Hire the right people for the job. Even though it’s your business, you won’t be skilled at every task, which is why you need qualified people to complete the work.

43. Assign responsibilities.

Eelegate attainable tasks to employees. This is all about effective management.

44. Know that honesty is the best policy.

If any issues with employees emerge, be sure that they are addressed. No one enjoys being talked about behind their back.

45. Remember that opposites attract.

Hire people with skills and personalities that are the opposite to yours. They’ll challenge you and will bring different skills and talents to the business that you don’t.

46. Say goodbye to your social life.

You’re going to spend a lot of time devoted to the business. Even if you plan a night out, you may leave early because a lightbulb just went off. Hopefully those closest in your life will understand.

47. Recognize that you’ll be the final person to be paid.

As the CEO, you’re the last to collect a check. That’s just how it works until there’s adequate revenue.

48. Arrive at a useful definition of success.

Just because your business hasn’t made you a millionaire (yet) doesn’t mean that your enterprise is a failure. If you’re able to make some sort of profit doing something that you’re passionate about, isn’t that a success story?

49. Realize when it’s time to move on.

Failure is inevitable. If things aren’t working out and you’ve done all you can, then put aside your pride and close up shop. Something like this is not easy to accept. But it’s for the best.

50. Don’t just rely on the advice of others.

Despite my offering up all of these tips for you, perhaps the most important piece of advice is something learned the hard way: While many people may offer a startup assiistance, recognize that in the end you’re the person running the show and the one responsible for the company’s success and failure. If you understand what worked and what didn’t, you’ll burnish the skills and knowledge to run your business.

How to Verify Tax Status of a Business

Verify Tax Status Before Buying or Selling a Business in Florida

Before buying an existing business in Florida, the buyer should ask the seller for documentation of any tax, penalty or interest due to the IRS, since the purchaser could be liable for any tax, penalty, and interest owed by the seller. The buyer can then withhold enough of the purchase money to cover the tax liability until the seller pays the amount due. While the sale is pending, the purchaser should have the seller hold an amount in escrow equal to any potential tax liability.

How to Get a Clearance Letter

A seller can ask the IRS for a certificate of compliance or clearance letter as proof that the IRS has not issued a Notice of Intent to Audit Books and Records and there are no outstanding tax liabilities on the seller’s account. The seller can provide this certificate to the buyer as proof of good standing when selling a business or business interest.

A buyer can also request a clearance letter (status of account) to be used when applying for certain federal grants or loans. While this letter provides the status of an account, it does not exempt the business from future IRS audits that may cover periods before the business was sold.

Both documents represent a snapshot in time and show that the seller does not currently have outstanding audit assessment notices, tax delinquencies and/or bills. If a significant amount of time lapses between issuance of the certificate and the sale, the buyer may wish to request a new certificate. Your Florida Business Broker can assist you with requesting a clearance letter from the IRS.

The request must include all of the following information:

  • The business name, name of the requester (including signature), business address, telephone number, fax number and email address.
  • An identification number (such as Business Partner Number, Federal Employer Identification Number or Certificate of Registration Number, etc.)
  • A copy of the driver license for the Power of Attorney or authorized agent registered with the Department of State. The picture ID must be readable or processing will be delayed.
  • A properly executed Power of Attorney (Form DR-835), if you want a qualified party to represent you.

How to Request a Transferee Liability Audit

When a business is sold, the unpaid sales tax liability (if any) of the former owner may transfer to the buyer, unless the IRS issues a certificate of compliance or conducts a transferee liability audit.

Either the buyer or the seller can ask for the audit.

  • The seller can submit Form DR-842Seller’s Application for Transferee Liability Certificate.
  • The purchaser can submit Form DR-843Purchaser’s Application for Transferee Liability Certificate. Attach a signed sales agreement to the request. Because tax information is confidential, the Department will provide only the seller with the audit results and transferee liability certificate.

Generally, the Department of Revenue conducts the audit. However, for sales tax, you can hire a Certified Public Accountant (CPA) who is qualified to conduct sales and use tax audits for the Department.

Hiring a CPA for Sales Tax Audits

You can hire a qualified CPA to conduct your transferee liability audit. Qualified CPA practitioners are certified in sales and use tax through the Certified Audit Program.

The Florida Institute of Certified Public Accountants has a list of CPA practitioners who are certified to conduct sales and use tax audits for the Department of Revenue. When you select a CPA, he or she will tell you what information is needed to conduct the audit. You are responsible for negotiating and paying the fee to the auditor you select.

When the audit is complete, the Department will notify the current owner of the business of tax, penalty and interest due (if any). If there is a delay in the sale of the business, you may want to request a certificate of compliance for the periods not covered by the audit.

Note: Sales tax is the only tax for which a Certified Audit may be completed.

Start a Business for $5000

dollar-storeStarting a dollar store in Florida can be lucrative, as many people enjoy shopping in discount stores that offer rock-bottom prices. Opening a dollar store with less that $5,000 can be a challenge, however, being cautious with your start-up spending, seeking out a low-rent location for your business and starting with a small inventory, you can open a dollar store for only $5000. Here’s how:

Step 1Search for a low-rent optimal location for your dollar store. Ideally, the location should be close to main roads and highways for drive-by traffic, get a good deal of foot traffic and be close to public transportation. Keep your rent to 10% or less of your start-up budget. Florida Business Brokers can help you find the perfect low-rent location for your dollar store.

Step 2Negotiate with the property owner for a low security deposit, such as one month’s rent. Once you’ve paid the rent and security deposit, put one month’s additional rent in your business bank account. Doing so will keep you out of financial trouble long enough to launch your business and generate cash flow.

Step 3Estimate your utility bills for the dollar store for the first two months. Do this by asking your new landlord how much the average utility bills are. Put three months’ worth of utility bill money into your business bank account.

Step 4Obtain a business license by contacting your county clerk or the department of licenses and inspections in your area. You may also need a resale permit to conduct retail sales and collect taxes. Business licensing will likely amount to less than 10 percent of your start-up budget, though fees vary per location.

Step 5Visit other dollar and convenience stores to learn what items are in high demand so you can decide what to order for your store. Typically, dollar stores sell a good deal of toys, health and beauty aids, snacks, household cleaners and tools.

Step 6Spend 40% or less of your start-up budget on inventory for your dollar store. To do this, you’ll have to compare vendors to get the best possible prices and start with fewer items than you would with a larger budget. Make deals to purchase in-demand merchandise from stores that have purchased too much inventory or are closing. You may even team up with another business owner to purchase items in bulk and then split the shipment. This will help you save money on your initial order. Surplus and salvage distributors can be good sources for cheap dollar store items as well.

Step 7Buy used store fixtures, display counters and cash registers.You can often find these at low prices when other stores are closing their doors. Leasing equipment also keeps your initial expenses low.

Step 8Purchase shopping baskets for your dollar store. They can be cheaper than shopping carts. Buying them used may help you stay within your budget.

Step 9Work in your dollar store yourself instead of hiring employees. This way, you can avoid payroll costs until you start to make a profit.

Step 10

Find cheap ways to advertise your business’s grand opening, such as passing out fliers and posting them in public places. Create advertisements and hang them on door knobs in the surrounding neighborhoods. Ask friends and family members to help spread the word about your business. Hang balloons and a grand-opening sign outside your store on opening day.

Immigrating to U.S. Visa Programs

Immigrating to the United States (USA)

America is full of business entrepreneurs because it has the most prosperous economic market in the world. People from every country want to move to the U.S. for the abundance of opportunities for individuals and their families. In addition to the E-B5 visa, immigrants can choose to move to the U.S. with an E2 or L1 visa.

E2 VISA

An E2 visa is the most popular of the 2 visas. It is an investor visa which requires a minimum investment that varies by country with a minimum investment of $100,000 USD for British and Canadian nationals. The investment requirements can be as much as $500,000 US for other countries.

L1 VISA

The L1 visa is available to those who own a business in their country and wish to buy a business in the U.S. The person buying a business in the U.S. may obtain an L1 visa based on an inter-company transfer. The transfer gives an immigrant permanent residency status in the U.S. which can be converted to a green card in 2 or 3 years.

E2 and L1 Visas are easy to obtain when following the proper process and understanding all the issues involved. People trying to obtain an E2 or L1 visa should always use a business broker with extensive experience to assist them. Critical decisions, like choosing where to live and what kind of businesses are available in Florida. Finding and buying a Florida business that qualifies for a visa can be a challenge. A visa-qualifying business must have favorable tax returns, properly documented employees. These businesses are highly sought after by American citizens as well and thus a foreign national must coached on the correct negotiating procedure if they want to succeed.

Why Choose FLORIDA?

Florida is the fastest growing and 3rd most populated state in the USA. Florida offers a unique and high quality lifestyle, low home prices, a vibrant social community and profitable business environment. The lifestyle and sunny weather make Florida the #1 choice for business owners. Conditions are favorable no matter what type of business you want to buy.

WHAT FLORIDA BUSINESS BROKERS DO FOR YOU?

The key to moving to the US through an E2 or L visa depends greatly on finding the right business to buy. Although finding a good immigration lawyer is important, it is not as important as finding the right business to buy in a good location. Locating a good business for sale in Florida is very hard to do. That is where Florida Business Brokers can help. We can find you the right business that qualifies you for a visa so you can live your dream in Florida as a legal U.S. resident.

OUR PROCESS

Florida Business Brokers gives you the best chance at moving to the U.S. with minimum financial risk and stress. Our process is simple.

Step1: Call 1-561-234-5678 and discuss your options. Then let us help you find the right visa-qualifying business in Florida to buy.

Step 2: Select an immigration attorney specializes in immigration matters. We have provided a list below of attorneys we work with. We can help you locate and get in touch with a reputable immigration attorney who will provide you with the necessary forms, assist you in completing the forms properly and submitting them to the INS for processing.

Step 3:  Since you will be moving to Florida, the next step is to find a home. You can choose to rent or buy. Florida Business Brokers are also real estate brokers who can help you find a home close to where your new business is located and in a good neighborhood with good schools for your children.

Our Agents:

Florida Business Brokers’ agents are all successful entrepreneurs with proven success records. We are all dedicated to helping entrepreneurs from every country move to the U.S. and become successful Florida Business owners.

Energy Shot Vending Machine Routes for Sale in Florida

5-hour ENERGY® is expanding sales of its product into workplace break rooms across America. It is seeking full and part-time distributors to service the accounts.

Did you know that last year alone, in the United States, Energy Drinks and Shot products sold over $10 billion in gross product sales? This industry is one of the fastest growing out there, and 5-hour ENERGY® has launched its new vending machine concept to allow these drinks and shots to be sold outside of the retail market. 5-hour ENERGY® has chosen Speed King Manufacturing’s specially designed machine to use for this expansion across America.

energy drink vending machine business

This is truly a Ground Floor Opportunity to become a distributor of the World’s #1 Energy Shot Product. There are millions of work places across America where employees use 5-hour ENERGY® every day while at work and are looking for a more accessible way to stock up on the product without leaving the office. This new Vending Machine makes 5-hour ENERGY® very profitable to the distributors that own and operate the machines.

If you have a desire to “be your own boss” and you crave financial independence, Florida Business Brokers would love to show you how an Energy Shot vending route featuring America’s #1 Energy Shot could work for you. 5-hour ENERGY® is currently selling over nine million bottles every week in the U.S. Get your piece of the pie by managing your own Vending machine route for one of the most popular energy drinks around!

Energy shots have become so essential to the everyday consumer that they have earned a place at the convenience store checkout counter. And, as demand continues to soar, more vending operators are claiming their share of the profits by putting the concentrated energy drink alternative in the hands of consumers in locations where they desire a quick pick-me-up.

5-Hour Energy shots sales are up 30% over last year in the vending channel, as operators are beginning to recognize the magnitude of the market for the product. In just a few years, the “shots” have has grown from a niche purchase to a mainstream must-have.

Sales of energy shots are expected to almost double this year, to about $700 million from last year’s $370 million, according to Stamford, CT-based market analyst Consumer Edge Research. Convenience stores are on track to achieve such growth; according to Nielsen data, they have posted the largest dollar sales increase in the first half of 2009 for “liquid vitamins, supplements and energy shots” – up 120.5% over the same period last year.

The 2-fl.oz. 5-Hour Energy shot bottle provides a concentrated sugar-free dose of caffeine equivalent to a cup of coffee or a can of energy drink. They also contain B vitamins and amino acids associated with alertness and focus. Students cramming for exams, truckers driving for many hours and fitness enthusiasts seeking a boost are among the diverse consumers relying on the “energy shots” for an on-demand power boost.

The current economy is driving vending operators to reevaluate their machines and say: ‘What can we change to get people back and get more dollars per vend?’Awareness of the brand and demand for it has exploded. With over 4 million bottles selling each week, many vending operators are finding success.

While the competition is heating up, it’s also helping build the market for other energy shots. Red Bull recently introduced a “shot” version of its market-leading beverage, Dr Pepper Snapple began test-marketing a shot of its Venom energy drink (Venom Bite) and Coca-Cola has added a shot based on its NOS energy drink. Shotz, which made its vending industry debut at last fall’s National Automatic Merchandising Association National Expo, is another contender in the fast-growing category.

A specially designed column shim makes it simple for operators to merchandise the product through a chip coil in a snack vender. Energy shots are filling a big niche and vending operators have a huge opportunity to put something in front of people that they want, in the places they want it.

Florida Business Brokers can help you locate and buy a profitable energy shot vending route in Florida. Just call 1-561-234-5678 for more information.

Become a Multifamily Property Owner

Proven Tips for Multifamily Property Investors

The advantage of multifamily property, such as duplexes and apartment buildings is that it can pay off debt by using other people’s money.

When buying multifamily property this idea must be kept in mind because the success or failure of the rental property depends on the income it generates to meet debt and other obligations. Your multifamily property will grow or fail based upon this concept.

Why do real estate investors buy multifamily property?

Let’s take a look at why investors buy multifamily property and expect a profitable return on their investment.

The most obvious reason real estate investors buy any income-producing property is because they can become wealthy in the long run. Just by holding onto the property and letting “other peoples money” payoff the debt, even if there is no immediate cash flow, is what drives people into real estate investing.

The risk is limited because multifamily properties serve a basic need; they provide shelters to those who cannot afford buy or who choose not to buy a home.

The downside to buying multifamily property is in management and the day to day dealings with tenants. A resolution to this problem is to hire a professional property management company to run the property and deal directly with tenants issues.

How to Buy Multifamily Property

1) Secure Solid Financing – Establishing sound financing on the property is of utmost importance when buying multifamily property; you will want an investment that doesn’t place excessive burdens on the property or yourself.

Remember this: lenders evaluate rental investment property based on income stream, and typically structure a loan based on the property’s financial strength as well as the buyer’s. So, when you apply for a loan to buy multifamily property, present lenders with clear and concise cash flow reports. The more accurate the reports are the more likely you are to obtain financing with favorable terms.

2) Understand the Local Rental Market – Stay on top of local rental market trends so you know how much potential tenants are willing to pay for one of your rental units. Due diligence will make or break your return on your investment. You will also want to know what the vacancy rates are for the area.

Read the newspaper or drive around the area, making note of all vacant rental properties. If there are few for rent ads and signs, it is probably a good sign there is a shortage of rental units per demand and a great opportunity for you. A shortage of available rental can mean you can raise your rental price and get it from new tenants.  On the other hand, many for rent signs and ads signal higher vacancies and possible rent reductions.

3) Economic Conversion – If the multifamily property you want to buy has been left to run down and rent had to be decreased to keep the units filled, consider it an opportunity to upgrade the building and ultimately raise rent. When multifamily rental properties are in a good area of town or in an area that is returning to a former higher quality, remodeling a rundown apartment complex can be a profitable venture.

Before you buy a multifamily property, be sure to get a professional, licensed contractor to give you a quote on remodeling. What looks to be surface issues can later turn out to be more than cosmetic and you will find yourself losing money on your investment.

Hire a professional at Florida Business Brokers to help you find the right multifamily investment property and to help you make better decisions. Don’t risk your funds by trying to do it all yourself, you will lose in the long run. Search our commercial property listings at http://floridacommercialmls.com or call 1-561-234-5678 for more information