Why start a new business when an economic profit is ZERO in a competitive markets?

Question by beemzet: Why start a new business when an economic profit is ZERO in a competitive markets?
Suppose I was working and was paid $ 50,000 a year.
Now, I decided to open a new business and earn no economic profit, right? But as you know, economic profit already includes my opportunity cost, which is $ 50,000. So, here I can conclude that I’m earning that $ 50,000 in a new business too…
My question is “What is the point of opening a new business?”.
Thanx

Best answer:

Answer by trashman474
In how much time? Where are you going to do this? You have to consider where, when, why, & HOW MUCH? Give it a chance. Is a dream u have? Marketing strategies? Dont worry, figure a game plan and work with it. Try it! Dont regret it by not doin it!

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What do small business owners have to do?

Question by Tiffany: What do small business owners have to do?
What kind of small business owner are you?
What do you specialize in?
What do you have to do on a typical day?
How is your job related to the law?
What are the educational requirements to become a small business owner?
Why did you become a small business owner?
How long have you been one?
What do you enjoy about being a small business owner?
What’s challenging about it?
What advice would you give to someone who wanted to run their own small business?

Best answer:

Answer by jwishz
You ask a lot of really good questions that would take HOURS to answer.
Here are several links from the SBA which should help you

http://www.sba.gov/assessmenttool/index.html

http://www.sba.gov/tools/index.html

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small business?

Question by coolanimal: small business?
Hi, I am thinking about opening up a small business. I’ll export clothings to other countries.
What do I need to start? do I need a license?
thanks

Best answer:

Answer by Taimur
exporting clothing to other countries..?? is it a small business

i don’t have much experience in this field, but different countries have different laws,, what is your country?

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i am also thinking to start import business from other countries…. if you are serious then i would like to start trade with you if you offer me at good quality shirts at low prices.?
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message me if you are serious?

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Q&A: Small business?

Question by rosey: Small business?
I raise animals as a hobby but my boss says that I might be able to claim it as a small busines or a hobby business and get deductions next year on taxes. I raise several breeds of livestock not exactly to mak a profit but I could with a few minor tweeks to how I operate. He said something about being able to get 28% of the money I pay on feed back. Does anyone know anything about this?

Best answer:

Answer by Jennifer F
There is a category here under biz and finance called taxes, if you ask over there, someone might know the answer better than here under the small biz category……
~jennifer
Helping others create income from home through education of the system and how it really works.

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Small Business?

Question by bhee: Small Business?
I am in UK and for some time planning to start some small business from my home with my present job and if successful I take it as full time and leave my job.
Some ideas come to my mind like start some Internet or ebay business and trust on the wholesalers or dropshippers.
Or, contact some wholesalers and sell from home with local ads etc. But I am still not clear that this is a good idea and which products I can sell.
Is there any one who can guide me for some small business which I could start from home in the beginning?
Or any good idea which could help me to start any small business? Hope the community can help me with some good ideas and guidance.
Thanks in anticipation.

Best answer:

Answer by robert c
It really depends on who you are. Are you outgoing and want to start a home business with parties in other people’s homes or not?
Sounds like you are a natural and have the experience needed to do about anything you want.
My advice is to look around and pick something you are passionate about and then RUN with it.
If you are passionate about helping people with their health, and help them become financially independent as well as you, then i strongly feel I have a link that might help you out

http://www.healingfruit4u.com

if you would like to find some research and testimonies behind what i do, go here

http://www.mangosteenexperiences.com/index.htm

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Q&A: New business???????????/?

Question by impressivelist: New business???????????/?
Please help me i loose my 3 years old business last night and now i am free please suggest me a new business Below are some of my qualifacations.
I have an compleate access to internet
I have telemarkleting skills
I have an access to a phone for unlimited calling to USA
I am from india and can work round the colock .
please suggest me a new business.
———————————————
Good Luck!
ImpressiveList
Chetan@ImpressiveList.com

http://www.ImpressiveList.com

Best answer:

Answer by derek
You should start a call center.

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New Business?

Question by DJen: New Business?
I want to start a new business but I have no money but I have a job. Does anyone know of a finance company that can finance me?

Best answer:

Answer by raj k
Search in local newspaper ad…. In mean while just take a look at the link below to get free loan quote

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Over 60% of small businesses fail due to a lack of planning and execution of a business plan.?

Question by babydollof4kids: Over 60% of small businesses fail due to a lack of planning and execution of a business plan.?
Over 60% of small businesses fail due to a lack of planning and execution of a business plan. When businesses are so small it is rare to have an HR manager, because of that training and follow-up is non-existent. Who would be accountable and how could management implement a training routine to make it beneficial and cost effective?

Best answer:

Answer by Michael B
You are asking about small business with big business words. In small business, the owner does it all. The business plan may be as much as a sheet of paper on the wall.

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Q&A: new business?

Question by alphazee: new business?
I want to start a new business with a little ammount.Please suggest the best one for me.Either trading or manufacturing

Best answer:

Answer by The_Master
to start a new business its depend on your money
but always manufacturing is the best

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What’s congress business plan to put money in the hands of the citizen majority?

Question by bulabate: What’s congress business plan to put money in the hands of the citizen majority?
Working poor,unemployed anyone who has fallen prey to a failed system of business & representative Govt.

If they want to see bail-out business plans, then i want to see business plan for the legal citizens or the supposing owners.

Best answer:

Answer by joeanimal
well, now that Paulson has his Tight Republican Grip on that 700 Billion i don’t think he is gonna let any of it Trickle down to us regular folks, again~!

Give your answer to this question below!