Month: November 2019

Starting Your Handmade Food Business
Business Today

Starting Your Handmade Food Business

- by Benny McAdams

Do you like and enjoy cooking? How about considering selling it? Doesn’t that sound like fun selling homemade food and generating income? Now that we are experiencing financial instability, other sources of income will be highly valued. So, if you decide to sell handmade food, read on to find out what you have to do.

Before starting your food business, you must know the laws that govern it. You should look at the Food and Cosmetic Management Responsibility. This document will make you aware of the legal requirements for making and distributing food. Also read about Food Labeling Allergens and the 2004 Consumer Protection Act which outlines what you need to know about different ingredients. For more information about FDA regulations and regulations, visit their website.

Moreover you must comply with the requirements mandated by your country regarding the sale of handmade foods. And don’t forget to protect yourself and your business if something bad arises. Get an insurance policy about business obligations. Another important thing to overcome before starting your handmade food business is the registration of your company name at the trademark office.

After completing legal requirements, you can start selling handmade food. There are several options for how to sell it. You can sell it in your own store or sell it online. You can also join exhibitions and exhibitions to get an audience for your goods.

Having your own shop to sell handmade food will be expensive to start an entrepreneur because you have to arrange a rental place to attract the attention of the audience. You have to spend time on your desk, chairs, utilities, and crew. You will need large amounts of capital if you want to do it. But if you have made a name in the handmade food business, your customers and …

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Getting Set Up in the Mobile Food Industry
Breaking News

Getting Set Up in the Mobile Food Industry

- by Benny McAdams

No doubt you’ve heard the buzz on the street. The mobile food industry has taken off and it isn’t likely to slow down any time soon. But it’s not your run-of-the-mill sandwich shop or greasy spoon that’s garnering attention. (Their sales are actually dropping.) It’s concepts that include innovative menus featuring fresh ingredients like hand-patted Vermont beef burgers and free-range Vermont organic chicken that are on the rise.

For your best bet, look for those that have established themselves as a proven leader in this fast-growing lunch truck business segment of the market, such as some of the top mobile food companies who continue to grow by at least 10 percent each year. Even in a faltering economy, the exciting fast casual dining concepts that these premier mobile food businesses have pioneered are thriving.

So, does the mobile food industry excite you? It’s going to take some work on your part. Only the most determined and driven entrepreneurs will succeed. If a company is willing to hand you a cart or trailer without asking any questions, beware. Look for companies that are very selective about who they bring into their mobile food vendor family. They will want to know that you’re serious about being part of this revolutionary food concept. And then they”ll stand beside you every step of the way.

The top mobile food companies will have done all the demographics and tested the market. To help you get a faster starter, they will also have researched numerous expansion models and have developed a proven system that allows their franchisees to succeed from day one. This will help you minimize your investment, risk and operational costs so you can achieve your dreams.

The best mobile food franchises will not offer a get rich quick scheme. What they do offer …

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Renting Event Venues for Office Meetings, Why Not?
Company Business

Renting Event Venues for Office Meetings, Why Not?

- by Benny McAdams

Almost every company always holds a meeting in their office, always almost in the same meeting room. Holding a meeting in their own office building is indeed more practical and saving time. However, occasional meetings also need to be held outside the office such as renting family dining in Helensburgh as a meeting place. The following are reasons why meetings need to be held outside the office.

1.   Grow Up Creative Ideas and Solutions

Renting Event Venues for Office Meetings, Why Not?

One of the things that can inhibit creativity is to do the same thing in the same space repeatedly. So holding a meeting in the same room many times will make the meeting participants feel bored and unable to think creatively and finding new solutions. If you don’t want to happen, keep your employees and colleagues away from the narrow and walled white conference room.

But when the meeting is conducted, of course, the meeting participants cannot move from their seats to refresh their minds so the solutions are to hold meetings outside the office. Holding meetings at the venue will help them to think creatively, find solutions and create new ideas.

2. Increase Focus and Productivity

Neatly lined computers, tables that filled with stacks of files, and faint sounds from office mates who having phone calls are the atmosphere you always get in the office. The other view you can pay attention to get rid of that boredom is the highway that you can only stare through the office window.

An office environment that is just like that certainly makes you feel bored. When your boredom has not been free, and you have to enter that meeting room again, your boredom will increases. If you have this, of course, you can not focus when attending meetings and your productivity will be hampered.

However, it will …

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How are Mutual Fund Investments Taxed?
Company Business

How are Mutual Fund Investments Taxed?

- by Benny McAdams

There are many ways of investing money in the capital market. One way is to place your money in mutual funds. Mutual fund investors receive dividends on the fund units that they hold. They may also earn a profit when the value of their holdings appreciates, leading to capital gains. The difference between your initial buying price and your selling price is your capital gain.

There are two categories of capital gains based on how long you stay invested: short-term capital gains (STCG) and long-term capital gains (LTCG). Both of these categories are taxable. The mutual fund tax rates are determined by the type of fund and the holding duration. When it comes to equities, a holding period of less than a year is short term and that exceeding a year is long term. In case of debt funds, a holding duration of up to three years is considered short term, whereas durations beyond three years are long term.

Mutual fund tax on capital gains

Let’s look at the tax rates for capital gains from mutual funds. India imposes different taxes for equity and debt funds.

Equity funds:

STCG is taxable at 15%.

LTCG of up to Rs 1 lakh is tax-free. Any LTCG beyond the Rs 1 lakh exemption attracts a 10% tax rate.

Debt funds:

STCG is counted as part of the investor’s total taxable income. You are taxed according to the relevant income tax slab.

LTCG is taxed at 20% after indexation.

Calculating indexed acquisition cost

What is indexation? It factors in inflation when calculating the acquisition cost. The cost of acquisition of units is adjusted according to the Cost Inflation Index (CII). Hereis the formula:

Indexed Cost of Acquisition (ICoA) = Purchase Price x (CII of Year of Sale or Purchase)

Once you factor in …

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