How to Achieve Success for your New Jersey Small Business
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How to Achieve Success for Your New Jersey Small Business
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Starting a New Jersey small business can be quite overwhelming and very exciting. The endless possibilities of success await you. But, there are crucial first steps you must do to ensure success. First you must learn how to start a small business in New Jersey. While, this may seem like a very tedious project is actually quite simple. Consulting with a New Jersey small business lawyer is recommended, but not necessary. The first step would be to visit NJ.gov. This is the official website for New Jersey. This website provides New Jersey residents and New Jersey small business owners an abundance of resources. Once you get there, click on the button, Business. http://www.nj.gov/njbusiness/ . Once you get there is a button, starting a business. This is an official guide from the state of New Jersey on how to start small business in New Jersey. Next, simply follow the step by step wizard. Some New Jersey small business consultants, recommend a New Jersey LLC, a limited liability corporation, which is considered one of the best options for a New Jersey small business. The reason for this is the tax benefits, liability protection, and it’s less tedious paperwork then incorporating. Always ask the advice of a New Jersey lawyer or your New Jersey accountant. The type of New Jersey small business is your first critical step for success.
Second, do the math and make sure your numbers work out, even if you don’t desire to make a New Jersey small business plan, do the math. What I mean by do the math, is think of what you want to sell, how much profit per piece and a realistic amount you can sell. For instance, a New Jersey small business owner starts a New Jersey record shop. His total profit per record is $3 to $4 gross before paying expenses. She told me that, it was easy to sell 1,000 records every month. Ok, that 250 per week, or fifty records per day. But, let’s do the math 1,000 x $4 (which is max proft) is $4,000 gross every month. Sounds good doesn’t it. However, let’s deduct $2,000 for rent, $200 electric, $100 phone bills, $50 internet, gas, tolls, New Jersey internet hosting, marketing expenses and let’s not forget the advertisement costs to get the people in the store. The expenses can keep piling up. What ends up happening is the business, starts to aquire debt rapidly. In addition, to these expenses for New Jersey small business owners take out New Jersey Small business loans, which have to be repaid monthly in addition to home expenses. This can all add up very easily and very expensively and starting off with too much debt, makes success to challenging. And my point of this article is too help you achieve success for your New Jersey small business.
Last, make sure you set enough funds on your marketing versus filling up your small business with the latest and greatest LCD TV or plasma tv. Often time, I see a small business owner spend $2,000 on a really beautiful tv for their store, but don’t want to spend money with a New Jersey Commercial printing company or a New Jersey marketing consultant. Investing in your New Jersey small business wisely is crucial. Make sure you start off smart with your New Jersey small business and work with a marketing consultant to get full color business cards, brochures and a website versus from a local New Jersey printing company. While, buying off the internet may get you a better price. It’s strategically smarter and more beneficial to work with a local New Jersey marketing consultant. A marketing consultant, will help brand your business for success. They will build your business cards, brochure, letterhead, logo, website and other marketing material to strategically sell you better and smarter. A powerful image for your New Jersey small business is crucial for your success. Start smart and success is reachable. This article is made courtesy of legendary marketing guru John DiDomenico of Business Card Gurus of Parsippany, New Jersey in Morris County.
This article may be republished or printed provided the following information below stays intact in full and the web address’s remain links.
Author: John Didomenico
About Author:
John DiDomenico, a marketing guru, is dedicated to small business owners success. He works both locally and globally with clients across the world on creating a business card that strategically sells them better. He can be reached via email at John@businesscardgurus.com and he will personally respond to you or visit him online at http://www.businesscardgurus.com
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