February’s Question of the Month

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Q:
What is the startup cost to open a storefront childcare center?

- Shameka, Park Forest, IL -

A: Unfortunately, every startup business, industry and region is different, so there is no universal formula or answer for estimating startup costs or operating expenses. Startup costs for a storefront daycare operation will be vastly different than a manufacturing plant that might require a considerable investment in equipment. But all startups, regardless of their business, need to identify their possible expenses as accurately as possible. Read more…

January’s Question of the Month

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Q:
I think I need a business plan. Can you recommend a book or some other source to help me develop a business plan?

- Dennyse, Waukegan, IL -

A: There are about as many ways to write a business plan as there are types of businesses, but all plans contain about the same basic information.  Most good business plans start with an executive summary and contain sections describing your business, marking information, financial information and management. Read more…

December’s Question of the Month

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Q: We’ve received a lot of questions this month regarding how to access your Business Profile. Inquires range from “How do I access my account or find my password?” and “How can I check the results of my advertising?” to “How can I change out my keywords or promotions?”
A: All of this information and more can be found at https://account.DexKnows.com. Read more…

November’s Question of the Month

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Q: I would like to see an article on how to best collect payments. For instance, I have heard that yellow or red angers clients. What about customers that do not answer or return calls inquiring about late payments?

- Kathleen, Sioux Falls, SD

A: It sounds like you’re having a problem that’s common to many small-business owners: getting clients or customers to pay. The recent economic troubles have only exacerbated this problem for many businesses. Read more…