How Do I Build a Barber Shop?

How to Start a Small Barber Shop Starting a small barber shop can be profitable even without being a barber yourself. Location and quality of service are key factors to consider. What You Need to Know Before Opening Your Own Barber Shop Barbering is an esthetic trade, so focusing on the interior aesthetics of your … Read more

How Much Does a Mortgage Company Make Off a Loan? Understanding Mortgage Profits

While the income of mortgage companies can vary greatly, industry reports suggest that the average profit margin ranges from 1% to 5% of the loan amount. How Mortgage Companies Profit Mortgage banks primarily make money through interest on mortgage loans, with profit margins typically between 1% and 4%. Operation and Profit Margins Operating Profit Margin … Read more

Do You Have to Renew Your LLC Every Year in Illinois?

Formation and Annual Requirements To officially form your Illinois LLC, file the Articles of Organization with the Secretary of State for $150. This legal document creates your limited liability company. After forming your LLC, submit an Annual Report and $75 fee every year. This renews your business and keeps your standing with the state. Ownership … Read more

Is the Porta Potty Business Profitable?

Porta Potty Business Pricing Overview: Costs: Standard porta potty: $125 to $4,500 Rental rates: $75 to $500+ monthly Purchase prices: $700 to $3,000 per unit Portable restroom trailers: $19,000 to $50,000+ Revenue: Average rental fee: $130 per week Luxury trailer rentals: $1,400 to $3,500 per weekend Profit Margin and Considerations: Porta potties provide temporary sanitation … Read more

How Do You Make a Ice Cream Van?

Starting Your Ice Cream Truck Business Starting an ice cream truck requires investing in necessary equipment like a refrigerator and ice cream-making machines. You may need to borrow money for this equipment. Build your reputation and attract customers through social media, online marketing, and print media. Understanding Regulations and Permits When operating an ice cream … Read more