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A Few Ways You Can Start a Business

You may want to go into business. The idea sounds great. No more working for someone else. You are your own boss, but the question is how does a person go about doing this. The following are a few tips on how to become a business owner.

Buy an existing business

There are businesses available for sale all over the United States. You might think that a business owner would never sell a profitable company, but there are many reasons they want to do this. Sometimes an owner wants to retire, and the worth of their business is a big part of their retirement plan. Sometimes people go through a divorce and in order to split the asset, the business must be sold. At other times, a business owner may simply be tired of operating a certain type of business and want to move on. One of the best ways to find the right business is to use a broker. They have listings for many different types of products and services, so you can find what is best for you.

 

Buy a franchise

There are many opportunities in business with franchising. When you buy a franchise, you are often buying a business that already has a built-in customer base. The product or service has a proven track record. What you have to decide is whether the product has a strong growth potential because some franchises are strong today, but they might not be as popular years from now. You also need to look at how quickly you will receive a return on your initial investment. Do you like this area of business? If not, you may not be happy operating the franchise.

 

Invent your own product

This is often a big gamble, but the truth is that it is also the way to become enormously rich. If you do invent something, you will need to get a patent on the product. The reason for this is twofold. One, people may attempt to steal it once they realize you have no patent protection. Secondly, you may want to sell the product to a large company. However, no company will buy it from you unless you first have a patent on it.

The list above only scratches the surface of the possible ways to own a business, but the most important thing to do is decide to do your own research starting today.… Read More

US Auto Sales in 2018: Need an Automotive Merchant Account ?

2018 started with a positive note for the US auto industry. The auto market saw strength in January, but the sales fell in February. Are you involved in the auto industry? Do you need a reliable and affordable automotive merchant account? This article will help you with this.

US Auto Industry: What About an Automotive Merchant Account ?

In 2017, nearly 17.13 million vehicles were sold to customers in the US. The number was down from 17.5 million units in 2016. Sales dropped 2% from last February to 1.3 million, as Autodata Corp. reports.

The three biggest automakers based in the US spoke about a drop in US new vehicle sales in February. Some big automakers spoke about some decline in price incentives in the same month. However, Toyota, Subaru, and Volkswagen reported YoY (year-over-year) sales gains.

Auto companies should focus on keeping the right balance between retail and fleet sales. This is important for protecting profit margins and market share. Fleet sales lead to lower profit margins for auto companies as compared to retail sales.

If you’re a merchant in the auto industry looking for an automotive merchant account, turn to a true professional in the field. With a reputable merchant services provider, you can get the best terms and rates for payment processing.

Auto Sales in February 2018

In February, the new vehicle sales of General Motors went down 6.9% from February 2017, at 220,905. Rival Ford sales dropped 6.9% to 194,132. Fiat Chrysler also saw a dip in sales: down 1% from 2017, at 165,903.

According to Jessica Caldwell, analyst at Edmunds, (the auto consultancy), automakers are working on figuring out the right balance between keeping sales strong and becoming too dependent on costly incentives. The industry hasn’t lost its good health yet.

The figures show that the total US vehicle sales in February were much higher as compared to the 1.15 million vehicle units sold in January 2018. The reason was partly associated with the fact that auto sales at the beginning of the year are usually softer due to high holiday discounts offered by auto companies at the end of the year.

Author Bio: Business Funding expert, Michael Hollis prides himself on being able to help the backbone of America; small business owners. When he isn’t helping merchants, you’re more than likely to find him scuba diving the California coast or eating at one of LA’s tasty Vegan restaurants. Read More