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Starting a Small Business: FAQs

Starting a Small Business: FAQs

by david@numbercraft.us | Nov 21, 2023 | GUIDES: Resources for Starting Up

Here are some of the questions about starting a business that come up frequently. Q: I’m thinking about turning my hobby into a business. Do I have to form a corporation? A: No, you don’t have to form a corporation to start a business. There are three basic business...
Use Focus Groups to Understand Your Customer

Use Focus Groups to Understand Your Customer

by david@numbercraft.us | Nov 20, 2023 | GUIDES: Sales & Marketing Resources

Two examples of this effective technique show you how you can set up your own focus groups. The concept of focus groups simply involves gathering a few your target market customers together, and then putting a series of questions to them. It’s best to get an outside...
7 Ways to Tell if Your Business Idea Will Succeed

7 Ways to Tell if Your Business Idea Will Succeed

by david@numbercraft.us | Nov 19, 2023 | GUIDES: Resources for Starting Up

Document the positives in your business plan to persuade both yourself (the most important person) and stakeholders such as lenders, investors, suppliers and potential customers that your business idea is sound. 1. Your idea has a strong point of difference To survive...
Work Out a Price for Your Service

Work Out a Price for Your Service

by david@numbercraft.us | Nov 18, 2023 | GUIDES: Business Planning Resources

Many service providers simply pitch their price somewhere near the middle of the prevailing market rate. But it makes sense to calculate your overhead costs and hourly rate to work out what price you should charge to ensure the income from your business meets your...
Weighing Succession Planning Options

Weighing Succession Planning Options

by david@numbercraft.us | Nov 17, 2023 | GUIDES: Exiting & Selling Resources

Planning for the succession of a business is an important and sometimes overlooked part of a business plan. It’s an inevitable period in the lifetime of all successful businesses – so it’s best to weigh up the options early. Keeping your business in the family The...
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