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Questions About Starting a Business & Answers from the LaunchX Experts

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LaunchX teaches everything you need to know to get your business started in record time, including how to find the funding, in our Entrepreneur CEO course.

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Getting Started

My plan is to have a retail clothing store, but I am planning to start online first, to gain revenue for my eventual goal of owning a brick & mortar, high-end boutique. My issue is that while I have extensive experience with in-store retail, I have none in online retail. What advice do you have for me? - C.C.

Is it possible to start a successful restaurant with no experience, or is this just a pipe dream? – B.M.

I want to start my own wedding business. How do I get started? – L.E.

How much money would I need to open a beauty supply store in San Diego, CA? – R.Y.

I’m filling out my LLC paperwork. What is a registered agent? Where do I find one? - M.D.

How do I start? - C.B.

Planning

I need to buy a specific piece of equipment for my business that will be located in [place]. Can you help me locate a supplier? - N.O.

I am interested in getting information on whether I will be able to work from home vs leasing a location in the first year. Is there any guidance of where I could go to find this information about zoning in my town. - S.Q.

Marketing

I have bought into a business opportunity (MLM) and I want to know the best way to sell my product on the intenet. I am not having any luck with my business, what do you suggest that I should do? – V.H.

I’m a frelancer in the fashion industry, but I want to start a home-based baking business to get some more money coming in. I’m not looking to be a HUGE business, but to be able to bring in around $200 a month would be good. How can I promote my business and gain customers? – H.C.

I have my own cleaning business, but I don’t have any luck getting jobs. I have no means of advertising other than word of mouth, because I have no funds to advertise. Any advice would be appreciated. – J.S.

Financial Management

Is it better to use your social security number or employer identification number (EIN) when starting a small home business? – D.A.

I am leaving all the profits of my LLC in the business to help grow the business. Do I have to pay taxes on these profits, even though I haven't distributed any of the profits to myself this year? – V.M.

I have a great company name and many business ideas, but don’t have funds on hand for startup. What can I do? – B.G.

What are the best methods to finance a business startup without incurring a lot of debt? – M.A.

I am starting a tax preparation service. What is a realistic goal for me to shoot for on the number of clients I can expect to prepare tax returns for in my first year? My market that I am shooting for is low to middle income individuals and families. - M.U.

Operations

I am looking for guidelines or help on writing SOPs. Is there software that can help with those? Templates? - M.P.

Nonprofit Organizations

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