Thanks so much for addressing my question. This was an excellent video!
@Keira_Hamilton
2 ай бұрын
You're very welcome! Glad to hear it was helpful.
@twilliams9259
2 ай бұрын
Very helpful. Keep the videos coming!
@Keira_Hamilton
2 ай бұрын
So glad to hear it! What would you like to see me cover in future videos?
@twilliams9259
2 ай бұрын
@@Keira_Hamilton I am new to the idea of ETA, really entrepreneurship, so my questions may be remedial. 1. Did you open an LLC? 2. Can you please explain how you improved your profitability? Like, did you have in the back of your mind ways to improve it prior to purchasing? Or, was that something you assessed after operating it? 3. What are your thoughts on equipment loans vs business credit cards? Are they essentially the same, or does one offer more tax benefits than the other?
@Keira_Hamilton
2 ай бұрын
@@twilliams9259 Those are great questions! 1) Yes, I did open an LLC and I definitely recommend it for small business ownership. 2) I would say the primary way I improved profitability was through focusing on having a quality product and providing great customer service. My wash & fold is not the cheapest in town, but I'm able to charge more because of the quality. I raised prices (in small increments) a few times and didn't receive any push back on it from customers. 3) I am not sure about tax benefits related to business credit cards versus equipment loans. You can write off interest payments on your taxes, but I don't know how the benefits would differ in those two cases. Sorry I can't be more helpful on that one!
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