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How much should a business owner pay himself? Is it a certain percentage, or a set dollar amount?

Posted by admin on Jun 7, 2008 in Other - Business & Finance
business
thelastavenger34 asked:


I have a small computer repair/webdesign business in Oklahoma. I also manage at a pizza place, go to school and am a volunteer firefighter. I dont know how much of my business funds to pay myself in order to keep everything paid for, and still help the business grow.

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How does a business collect from a customer that has filed bankruptcy?

Posted by admin on Jan 27, 2008 in Other - Business & Finance
business
Gina G asked:


Have a small business and have a customer that has run up a debt and their company is now filing bankruptcy. How does a business go about collecting from the business. We are a small business also there has to be laws to help protect us also. Need some advice on how to legally go about being paid as a creditor. Also if a business says they are filing bankruptcy is it public record and what sites show this record.

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What percentage of a business do you typically have to give to an investor funding a business idea?

Posted by admin on Aug 6, 2007 in Other - Business & Finance
business
ShadowASL asked:


I’m going to be starting a business and I have a person that is willing to handle all of the development costs etc. Since it is an online business, the start up costs are pretty low for a business, under $10,000 definitely, probably under $5,000.

In this type of situation, what portion of the company is given to the investor?

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How would a business owner, all their life, write a resume to become an employee?

Posted by admin on Apr 8, 2007 in Other - Business & Finance
business
limster asked:


A friend of mine needs a job. He has been a business owner all his life, but due to the economy being so bad, he sold his business. Now he wants to work for someone, but doesn’t know how to write a resume as a business owner. Is it the same as writing a resume if you worked for a companies?
Would it be negative for the employer to know that you owned a business (for many years)? Would they think he is over-qualified?

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