There are many factors. What is the product or service. Is it a high cost item or low cost item? How good are you at selling? Are you single or married? Do you have children and need the fixed amount. Is the product or service something everyone desires?

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There are many job boards available providing different types of services. You’ll find that posting to the larger job board sites will get you a lot of response, but it won’t be specified responses. The large job boards are best for the type of work that does not require a specific skill set. You’ll get a wide range of responses from the CareerBuilder and Monster type of boards, but If you are looking for a very specific type of person/profile, you can find yourself spending a lot of time trying to sift through the abundance of resumes that flood your way. It can be overwhelming and I’ve found myself spending so much time sifting through unqualified resumes that I eventually stop opening the emails. If you’re looking for a specific skill set, I would suggest first starting with a smaller, industry specific site. You’ll have less response but the replies you do get will be more in line with the experience you seek.

Service based businesses are easiest as the capital required to begin is less than a product business. You can start a service business with some business cards, telephone number with address. Ideally since you are providing a service it’s your time as opposed to money. If you have money franchises offer a quick-albeit expensive-way to get into business fast. For those with low budgets any service that you have a strong background or better skills than others are best. You can become an affiliate for a website business for little money other and have a mirrored website up in minutes. The key is getting sales whatever you choose.

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Success is different for everyone. A new company may consider 1000 users as great and another that’s terrible. You can look at percentage sharing your posts is one method. The platform matters too. For Twitter how many retweets and followers but LinkedIn may be size of network and sharing of posts. Metrics will differ among industry as well.

An S corporation is an IRS term. Every corporation starts as a C corporation. The IRS allows you to file a form 2553 which allows all income and expenses to flow individually to shareholders based upon their ownership percentage via a K-1.
To qualify for a S election all shareholders mus be US citizens or resident aliens, there must be less than 75 shareholders and all shareholders must agree.

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Typically when you leave a job you will lose your commissions unless you have a written agreement. You should have a written agreement if you receive commission to avoid any issues. The type of commissions would effect our response. If you get commissions as a stock broker and you leave your clients could follow you to your new job. Be careful as soliciting former clients has a high risk of a lawsuit.

Price is a big element. What price will you receive and is that amount paid in a lump sum or over time. If you are receiving part of the money over time then you need confidence that the buyer can perform. How long will the transaction take to complete. If it takes a long time its usually harder to complete. Again if selling over time will the customers stay? What will you do with the funds your receive? Will you continue to earn a living? Do you have agreements that require your performance. Did you personally guarantee anything?

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There’s a lot to this question. Did you have a written agreement with the owner? Did the owner give you the specifications or did you create them independently. Trademark is not the issue. There is an issue of copyright potentially. If you had an agreement this document would control. If you did not have an agreement then we need to look to past dealings or industry standards. You may have a legal claim against the owner and need to speak to an attorney

There are many variables to consider. Before structuring you need more information. Is a lease required for a location? How long is lease and can you take over. Can you get financial information. Can you check on the accuracy of the financial information. How much is the transaction. Generally the larger the amount the more verifying you need to see that what they are telling you is accurate. Typically I like to structure a deal where the seller doesn’t receive everything up front. If I have funds to pay later I find they are more successful transactions. Is there any outside third party approval like license of any sought, franchise-this too can effect how to structure the deal.

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The Hawthorne studies were performed by Western Electric in Hawthorne in the 1920’s The results were that the people in the experiment believed that management cared about them. Thus by having your employees participate in anything you perform, the Hawthorne effects say the employees will believe you care more about them then without inclusion. To motivate employees include them as part of the solution and then you will get a better response illustrating that you care .

About Ask Brien