Business Basics – Part 13 – Final Comments

As I mentioned in part 1 of this series, we’ve covered a lot of this material at the annual IART symposium. We’ve brought in expert financial consultants and provided detailed information on just what it takes to start and run a successful racquet sports business. Here are some of the key points to take away [see more]

Business Basics – Part 12 – Taxes

Oh what a nasty word right? No one likes to pay taxes but unfortunately, it comes with the turf. Once you choose your business name and register this with your local city and state government agencies you’re no longer operating under the radar. That means if you don’t pay your taxes you’re in for a [see more]

Business Basics – Part 11 – Location & Equipment

Location can be one of the most important decisions you make with your new business. You’ve undoubtedly heard the old adage location, location location but consider this. That old adage came from an age when business was much different and economies were on more solid ground. While you may want to have a storefront location [see more]

Business Basics – Part 10 – Choose & Register Business

Now it’s time to have some fun and choose a name for your business and get it registered with the proper authorities. It most cases, you’ll need to register with your local city authorities as well as with the state. Choose & Register Your Business ¬†Choosing and registering your business name is a key step [see more]

Business Basics – Part 8 – Business Types

Without a doubt, one of the most critical things you will have to decide is how you choose to structure your business. In the United States, there are 6 basics choices, each having a different impact on things such as the taxes you will pay and whether or not your personal assets are protected in [see more]

Business Basics – Part 9 – The Business Plan

Now comes the hard part. The part that many new start-ups fail to do and because of this, one of the leading factors in why many new start-ups fail. The business plan. Yep, I know. It’s a real PITA BUT, once you’re completed it you’ll be glad you took the time to do it and [see more]

Business Basics – Part 7 – Business Types

There are a variety of business “types” in the world today. In the list below I think you can find more than one that might apply to a racquet sports business. For instance, will yours be an Online business, are you going “Green”, will you buy into a Franchise, will you buy an existing business, [see more]

Business Basics – Part 6 – Licenses & Permits

If you fail to establish yourself and your business within the legal limits of the law in your state and city you’re only asking for trouble. This is not a difficult process and operating legally is just the right thing to do. Business Licenses & Permits ¬†To run your business legally, there are certain federal [see more]

Business Basics – Part 4 – Market Research

If you’re serious about going into business for yourself it’s vitally important that you understand your market. Many first time businesses fail because the owner neglected to do their research and decided they would be just fine to “wing it” on their own. They think this exudes a sense of confidence when in reality, it’s [see more]

Business Basics – Part 3 – 10 Start-up Steps

Now that you’ve learned that you truly are an entrepreneur and you’ve answered the 20 question quiz, it’s time to look at 10 Steps to Starting a Business Starting a business involves planning, making key financial decisions and completing a series of legal activities. These 10 easy steps can help you plan, prepare and manage [see more]