STARTING PUSH-CART VENDING BUSINESS.   Term Paper ID:23258 Click to get this paper

Essay Subject: General & specific needs & obstacles: capital, expenses, location, regulation, organization.... More...

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Paper Abstract: General & specific needs & obstacles: capital, expenses, location, regulation, organization. Paper Introduction: Starting a small business can be a daunting proposition for many individuals. Those who have worked for other organizations may have a misguided sense of what it takes to succeed in business (having been insulated from all of the decisions which affect a business) while those who are just entering the business world may lack the general business knowledge which can contribute to success. Despite these risks, the prospect of owning one's own business and being one's own boss has a strong allure for many individuals. This research examines the issues associated with starting a small business and the factors which may contribute to or hinder a new enterprise's success. The business being considered is a push-cart vending service featuring hot dogs to be sold outside. This business was chosen because of the low start-up costs (the cart), the low labor invol Text of the Paper: The entire text of the paper is shown below. However, the text is somewhat scrambled. We want to give you as much information as we possibly can about our papers and essays, but we cannot give them away for free. In the text below you will find that while disordered, many of the phrases are essentially intact. From this text you will be able to get a solid sense of the writing style, the concepts addressed, and the sources used in the research paper. from all of the decisions and being one's own boss has a strongallure for many push-cart vending service featuringhot dogs to be sold outside other related items The push-cart not have all of the skills that they need to run theirbusiness More than million individuals have started their recent immigrants and from newly thesmall business For example the corporate world encourages specializationand for a smallbusiness Thus while a marketing financing for a new venture orhow to attract at local colleges Whittemore p The experience of squash Like many first-time businessowners having worked for a largeorganization where he was required to businessowner his proposals were given great whether hisventure will be successful in understand how much capitalization is needed entrepreneurs should be monthly for thefirst year then annually for where new business owners make the much interaction withcustomers in the office does not need a feed their own ego spend the business owner can take care ofadministrative vendor'ssite and since customers will not be coming to the is less critical for a manufacturing organizationthat but there are advantages to Feder p Location is also a critical issue because push-carts p In some cities this type zones were created the only legal street vendors were and number of peddlerswho could operate in brings them out from an undergroundeconomy the city could realize from their city is working to encourage push-cartvendors in has license and tax requirements for to the push-carts but which help protect permanent businessesat have a particular stake in forming interest inthe government regulation local and otherwise which affects are allowed in thecity without also needs to beaware of other regulations that laws determine where certain types of businesses ofwriting the business plan If the licensing tax situation or question and has decided to only In addition the newbusiness owner a small book on how to start a the first steps that a about regulations and licenses required new business owner Burngen p that are require include a business three basic types oforganizations sole proprietorship partnership as regular income and the owner is liablefor business expenses the organization Eachpartner is liable for the of whom has put moneyinto required toregister with the state in which they operate protects its owners from being responsible for the firm's obligations does a fictitious name statement have to be sales tax office in order on prepackaged potato chips Burngen p Loans areavailable from the Small want to attract businesses that person who owns them they can attract customersto a shopping new enterprise a success Whittemore p busy pedestrian areas in cities The low start-upcosts and operator and prospectiveoperators should check into are almostcertain to fail In addition the carts are the resources available to the small business Requirements for starting andoperating a small business Kansas Angeles Business Journal p Gupta U G July The education of for other organizations may have amisguided sense of what the general businessknowledge which can contribute to may contribute to orhinder a new enterprise's success The members can beused in addition to the owner and have been unsuccessful at locating otheremployment those individuals who were specialists in thecorporate world but who addition to former corporate executives and otherslaid off might make someonesuccessful in the corporate world may not highest levels of an organization understand the big promote the product he may notbe at all able that new business owners take classes insmall corporate world this long-time Heinz executive left the food processing how much equity to give up in order he learned that while at Heinzhis proposals were capital and succeeded in maintaining more than percent controlof starting a new business andmany companies fail is being started and projected costs can be trimmed Figuring expenses can be an to use the available capitalwisely For example a smallreception room In Brodsky's view many entrepreneurs eager to see p In the case of an outdoor vending machine equipped with a separate phone line if necessary andcomputer totake on Another critical factor in the success of of the push-cart is that it areset up near civic centers and major shopping areas from them cause unnecessary pedestriancongestion and generally hurt and the city government In Los Angeles for much tothe consternation of businesses operating in fixed locations addition to controlling the image that the flows and making them subject tosales tax based on Southern California's experience and the local area's needs for thevendors who have been able to increase withthe city rather than against participate in thistype of boom and take advantage the licensing andtax situations but enforced In other cities push-carts are allowed in some venuesbut specifically to push-carts beforeentering into the business particular taxliabilities licensing and other laws at the particular type of business being proposedbefore continuing the earliest possible time Once the new also be included in the annual when licenses need to be renewed book isa good starting point for those interested in opening the city government in the local economy and the city government can push-carts and must make their push-carts available for business the entrepreneur must decide who reports the income as part of is needed partnerships can be wants to operate severalpush-carts or or many owners each of whom ownsshares or of a corporation is that here would be operated as asole proprietorship Kansas if it wishes to protect these Theowner would For example it may be exempt from sales tax on the government and in the localcommunity which can chambers ofcommerce are willing to work with new businesses little to enhance the job into the localresources the entrepreneur can find hidden sources business arena Once looked down upon bymore traditional businesses push-carts limited revenue generating abilities and may requirelong hours on the can be operated Ifthe push-carts food is involved andthe paperwork can be small profitable business References Brodsky N could NewYork Times pp Glover K July pp Olgeirson I April Business is on a Starting a small business can which affect a business while individuals This research examines the This business was chosen because of the lowstart-up costs the would be operated in Wichita Some entrepreneurs begin their businesses succeed as anentrepreneur even if they were successful in own businesses Whittemore p and more than half of these graduated business majors who are eagerto put their education helps employees become experts in very narrow areas executive understands the importance ofbuilding an image qualified employees or set up a benefits program Toovercome these Jim Kilmer illustrates the learning experience thatcan he found that raising capital was difficult and he produce plans and forecasts and hedid the same scrutiny He no longer had thecredibility of the long run Posner p need to develop a business the remaining years In this way theentrepreneur can develop a most mistakes According to Brodsky some businesses fail lavishly appointed office butinstead can make do too much on officefurnishings that they functions No off-site office is needed office to transactbusiness this is sells to retailers it is of great importance be gained from having the cartset up are encounteringsignificant resistance from established merchants who are of peddling is illegal but othercities have taken thoseselling printed material Vendors along the famed Venice boardwalk on specific geographic areas and which gave the citymore control that operates on a cash-only tax-free basis By legitimizingbusinesses activities Other cities havestudied the Los Angeles vending the downtown area as part of the effort to revitalize the peddlers which help increasethe revenue that the city receives the same time In fact some permanent businesses such a close alliancewith the local theiroperations In some cities push-carts are restriction It is important that apply to all businesses in a given locality Burngen p such aspush-carts can operate It is suggested that zoningregulations are not favorable to the proceed with the business itis recommended that he obtain should set up a calendar business inthat state which is available new business owner takes whenpreparing the business for thatcity Most city governments are eager S Push-cart peddlers who sell foods must license for the city orcounty where the business and corporation Burngen p S Sole This is the most common company's obligations This could be aneffective the company to run the and Kansas has a filingfee for registering and but the disadvantage is that ownership filed However the company would have to follow state procedures todetermine whether it would be subject to sales S While the government regulations that affect Business Administration as well as from localbanks which can help foster astrong economic environment and area that might not have many food outlets or that The push-cart business is rapidly becoming a low overhead associated with the the regulations regarding zoning and generally subject to a largedegree owner bothlocally and nationally the push-cart operator may City Business Journal pp S May How much Wall Street Journal p R Houston a big company man Inc pp it takes to succeed in business having beeninsulated success Despite these risks theprospect of owning one's own business business being considered is a the lack of overhead needed for officesand Whittemore p These individuals may well find thatthey do now must become generalists in order to during economic downturns entrepreneurs also come from the ranksof help them in the world of picture that is the cornerstone of success to understand how to obtain business management and entrepreneurship offered giant to start hisown company marketing spaghetti to attractinvestors Kilmer had the advantage of generally rubber stamped as an independent the business but even after several years it is unclear because they are undercapitalized Gupta p R In order to and revenuesfor the first five years These projections important part of the business plan andis often the place a company which does not have impresseither their friends or to business the ideal solutionis to create a home office where Since business with vendors will be conducted at the a new business is itslocation While this can move to wherecustomers are some cities now havethese types of peddlers inside shopping malls the image of the shopping areas Houston example street vending was illegal until when special In thecity created vending zones which designated the type street vendors bring tothe city regulating vendors also the vending zones were designed to help increase the revenuethat Glover p In Denver Colorado the their sales and good for the city which it in order to develop regulations which arefriendly of the popularity that outdoor vendingenjoys Push-cart vendors all small business owners should take an not others while in still other cities push-carts but the small business owner the local and regional level Inaddition zoning with the operation this can be the initial phase business owner has determined the regulations that affectthe business in operating budgetfor the company since few are one-time fees and othersuch information Burngen p S Kansas has put together a business in Kansas and should be one of city where the business will operate toget specific information be a strongresource for the inspection on a regular basis Other types of licensesor permits the type oforganization that the company will have There are a Schedule C onincome taxes Profits are taxed useful sincemore than one individual has an ownership stake in which uses several family members each a portion of the entire company Corporations are it is a separate legal entitythat does not require registration of soleproprietorships nor also need to contact the state selling hot dogsbut required to pay sales tax help the small business owner get started to help them getestablished Communities market since they aretypically run by the same of capital and talentwhich can help make the are now located in trendy shoppingmalls as well as in part of the operator Location is critical to the push-car cannot be placed in a high-traffic area they a significant obstacle to overcome However bymaking use of December Why start-ups fail Inc p Burngen J August L A officials ponder creation of streetvending zones Los roll DenverBusiness Journal pp B B Posner B be a daunting proposition for manyindividuals Those who have worked thosewho are just entering the business world may lack issues associatedwith starting a small business and the factors which cart the low labor involved family because they have been laidoff by larger companies and their former jobs This isparticularly true for will fail within thefirst five years In to work for them However the personal characteristics that However fewcorporate employees even those at the for a product and how to weaknesses Jim Halloran a professor of entrepreneurship atMuhlenberg College recommends occur on-the-job in a small business Unhappy in the had to strugglewith the challenge of for his own company However a corporation behind him He was able to raise thenecessary Raising capital is a critical part of plan This plan should includethe type of business that sense for how much money will be needed andwhere expenses not because they areundercapitalized but because they fail with a small office in a low-rent area with don't need and that their customers never because the homeoffice can be one expense that this type of company does not need to a street vendingoperation The advantage where the customers congregate In many cities the push-carts concerned thatthe carts take business away a proactive approach toward building strong relationshipsbetween push-cart vendors thebeach operated illegally but the regulations were rarely enforced over how peddlers affected the city Glover p In which can realize strong cash zone project and have developed their ownplans thedowntown Olgeirson p B The effort has been good In Denver businesses have worked as localcoffeehouses have developed their own push-carts to governments where they operate because of illegal and the regulations arestrictly the would-be peddlerdetermine which regulations apply S In Kansas for example all businesses are subject to the would-be business ownerresearch the regulations for business that can and should bedetermined at the necessary forms and pay the requisitefees These fees should which identifies important dates such as when taxes are payable from First Stop Clearinghouse This plan In addition the new business owner shouldcontact to assist new businesses becausethey help the generally have healthinspection notices posted on their is conducted Burngen p S When starting a proprietorships are as their name suggests owned bya single individual type of organization forpeddlers Glover p When additional capital form of organization for a family that operation A corporation can have either a few a name registration fee of Burngen p S The advantage can quickly be diluted The push-cart operation being proposed for registeringthe trademark or logo of the operation tax on the items that itoffers small businesses can benumerous there are also agencies within can help fund small companies and many local make certain areas attractive for shoppers While push-carts do is tryingto compete with more modern shopping malls By looking popular way forindividuals to enter the small push-carts makes them popular but they also have otherrestrictions which may dictate where the push-carts of regulation and licensing particularly when well be able to developa S Feder B J May The little pushcarts that L O May Streetwise Planning Whittemore M July Career moves Nation's Business p from all of the decisions and being one's own boss has a strongallure for many push-cart vending service featuringhot dogs to be sold outside other related items The push-cart not have all of the skills that they need to run theirbusiness More than million individuals have started their recent immigrants and from newly thesmall business For example the corporate world encourages specializationand for a smallbusiness Thus while a marketing financing for a new venture orhow to attract at local colleges Whittemore p The experience of squash Like many first-time businessowners having worked for a largeorganization where he was required to businessowner his proposals were given great whether hisventure will be successful in understand how much capitalization is needed entrepreneurs should be monthly for thefirst year then annually for where new business owners make the much interaction withcustomers in the office does not need a feed their own ego spend the business owner can take care ofadministrative vendor'ssite and since customers will not be coming to the is less critical for a manufacturing organizationthat but there are advantages to Feder p Location is also a critical issue because push-carts p In some cities this type zones were created the only legal street vendors were and number of peddlerswho could operate in brings them out from an undergroundeconomy the city could realize from their city is working to encourage push-cartvendors in has license and tax requirements for to the push-carts but which help protect permanent businessesat have a particular stake in forming interest inthe government regulation local and otherwise which affects are allowed in thecity without also needs to beaware of other regulations that laws determine where certain types of businesses ofwriting the business plan If the licensing tax situation or question and has decided to only In addition the newbusiness owner a small book on how to start a the first steps that a about regulations and licenses required new business owner Burngen p that are require include a business three basic types oforganizations sole proprietorship partnership as regular income and the owner is liablefor business expenses the organization Eachpartner is liable for the of whom has put moneyinto required toregister with the state in which they operate protects its owners from being responsible for the firm's obligations does a fictitious name statement have to be sales tax office in order on prepackaged potato chips Burngen p Loans areavailable from the Small want to attract businesses that person who owns them they can attract customersto a shopping new enterprise a success Whittemore p busy pedestrian areas in cities The low start-upcosts and operator and prospectiveoperators should check into are almostcertain to fail In addition the carts are the resources available to the small business Requirements for starting andoperating a small business Kansas Angeles Business Journal p Gupta U G July The education of for other organizations may have amisguided sense of what the general businessknowledge which can contribute to may contribute to orhinder a new enterprise's success The members can beused in addition to the owner and have been unsuccessful at locating otheremployment those individuals who were specialists in thecorporate world but who addition to former corporate executives and otherslaid off might make someonesuccessful in the corporate world may not highest levels of an organization understand the big promote the product he may notbe at all able that new business owners take classes insmall corporate world this long-time Heinz executive left the food processing how much equity to give up in order he learned that while at Heinzhis proposals were capital and succeeded in maintaining more than percent controlof starting a new business andmany companies fail is being started and projected costs can be trimmed Figuring expenses can be an to use the available capitalwisely For example a smallreception room In Brodsky's view many entrepreneurs eager to see p In the case of an outdoor vending machine equipped with a separate phone line if necessary andcomputer totake on Another critical factor in the success of of the push-cart is that it areset up near civic centers and major shopping areas from them cause unnecessary pedestriancongestion and generally hurt and the city government In Los Angeles for much tothe consternation of businesses operating in fixed locations addition to controlling the image that the flows and making them subject tosales tax based on Southern California's experience and the local area's needs for thevendors who have been able to increase withthe city rather than against participate in thistype of boom and take advantage the licensing andtax situations but enforced In other cities push-carts are allowed in some venuesbut specifically to push-carts beforeentering into the business particular taxliabilities licensing and other laws at the particular type of business being proposedbefore continuing the earliest possible time Once the new also be included in the annual when licenses need to be renewed book isa good starting point for those interested in opening the city government in the local economy and the city government can push-carts and must make their push-carts available for business the entrepreneur must decide who reports the income as part of is needed partnerships can be wants to operate severalpush-carts or or many owners each of whom ownsshares or of a corporation is that here would be operated as asole proprietorship Kansas if it wishes to protect these Theowner would For example it may be exempt from sales tax on the government and in the localcommunity which can chambers ofcommerce are willing to work with new businesses little to enhance the job into the localresources the entrepreneur can find hidden sources business arena Once looked down upon bymore traditional businesses push-carts limited revenue generating abilities and may requirelong hours on the can be operated Ifthe push-carts food is involved andthe paperwork can be small profitable business References Brodsky N could NewYork Times pp Glover K July pp Olgeirson I April Business is on a If this paper is not what you are looking for, you can search again: Search for: or Click here to request an essay written just for you.