POSTS TAGGED : starting a business

4 Tips for Setting Up A Successful Bed and Breakfast Hotel

You don’t have to be an expert in hospitality to know that the bed and breakfast industry is a staple of many family holidays. Starting up your own bed and breakfast can be an adventure of its own, but it requires dedication and determination.

Bed and breakfast

If you’re looking to start up your own bed and breakfast business, here are some tips to help you get started.

1. Know Your Price Point

Knowing your market is the best way to figure out how to charge your guests, and will vary depending on factors like your location and star rating, for example.

By understanding the right price to charge your customers per night, you will entice people to come back for more by providing them with value for money.…

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Key Things you Need When Starting your Own Business

Starting a new business is an exciting adventure and a great way to be your own boss. There are so many benefits to owning a business but getting started does have its difficulties.

Founder's agreement

There are a multitude of different factors to consider before you can start getting your new business off the ground. You have to make sure your business plan is in order for starters but there are other lots of documentation you need to consider as well. As your business is your responsibility, having the right tax forms for yourself and employees is imperative.

Let’s take a look at all the legal necessities when it comes to starting your own business in a bit more detail.…

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How to Start a Company in the Netherlands

The Netherlands is a top business destination in Europe. Its connectivity, high quality of life, business ecosystem and access to talented workforce from around Europe make it a prime location for investors looking to open a company. Regardless of the chosen business field, starting a business in Netherlands is a straightforward process that will involve a few administrative procedures.

Amsterdam

The process can be reduced to a few key steps, which are briefly detailed below.

1. Choose a business structure

Once you have your business plan ready, it is time to choose a suitable business structure. This is an important decision because the chosen legal form will influence the degree of liability for the founders of the company and will require a certain minimum share capital.…

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To Partner or Not Partner? That is the Question…

When someone starts a new business, one of the first decisions to make is whether or not to form a sole proprietorship or partnership. Partnerships alter the legal structure of the business, taxes and relationships in ways you must consider before you simply assume the best solution is dividing ownership of the business.

To partner or not partner? Shakespeare meme

There are pros and cons of bringing in others as partners instead of hiring them as employees or receiving loans instead of giving away equity.

Paperwork

It is easier to create a general partnership than form a corporation. The biggest risk this creates is personal liability. A corporation is a separate legal entity that has to have its own financial accounts and takes on the financial and legal liabilities of the company.…

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Options For Handling Personal Debt Before Starting a Business

There are going to be times when people have a great idea to start a business, but still have some financial baggage in their personal monetary history. The question that hits: is it possible to start a new business while being privately in debt? The answer is – it depends. But, at the very least, having a goal for the personal debt is a must before you get too far into the details of your new business venture.

Paying personal debt

So to begin looking at your options overall, consider things like debt consolidation, taking out personal loans, talking to the SBA, getting angel investors on board, and using crowdfunding and crowdsourcing as a modern resource.…

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