L. Duncan Apparel Blog

The latest news and info from L. Duncan Apparel

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When you are thinking of starting your own Business, you have to go about it the right way the FIRST time. Step one being applying for your Tax ID. Next, applying for the necessary License and certifications.  Doing things the right way speaks loudly about your character. Authenticity attracts good business.


When we were first getting started, our CEO attended a webinar at a local college that encouraged using resources online to get incorporated. One of the first steps was obtaining a federal tax id. So she went online to get the id. She started off on the government website and was transferred to another website where she was told there was a fee of $80 to get the id. She paid the $80 and received the id. She was still confused because she was told her tax id should be free. She called the IRS to inquire about this and they confirmed the id should be free. She contacted the company that she obtained the id from and later received a refund.

Everyone needs to be careful when conducting business online. You can easily be scammed. We would recommend handling your business affairs at your local bank where they do everything for you for free.
 
 tax id
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We have been to our fair share of vendor days. Some good, some bad. It all depends on what you're looking to get out of the experience. Here's our top three tips on making the best out of vendor days.
 
1. Set a goal - What are you looking to get out of your participation? Profit, new contacts, brand exposure....All three?!? Of course, everyone wants to atleast make back what they spent to attend.
 
2. Get as much info as possible from the sponsors. - You want to know the basics, start & end times, locations, number and type of attendees expected. If you can get attendee or even vendor contact information you can build your mailing list.
 
3. Talk to previous attendees. Find out if the event is mostly networking or do attendees come to shop. You don't want to bring a ton of merchandise where the guests are only interested in receiving free samples.
 
 
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At L Duncan Apparel, we are committed to our success as well as the success of others. We are keen on uplifting our community. We are starting a series of stories that we have learned over the past year. As a small business, it can be difficult to compete with other businesses and still remain true to your values. We want to share our story so that other entrepreneurs and small business owners may learn from our mistakes.

On the Road to Success: Beware of credit card machines

You would think that purchasing/renting a credit card machine would help to make more money, right? In the beginning, we tried renting a machine from a large national publicly traded bank that shall remain unnamed. We rented the machine from one of their reps. We were supposed to have a trial that lasted a year and then after the year we would start making monthly payments on the machine. Well we soon found out that the bank started deducting their fees right after we signed the contract. We called the bank immediately to find out what was going on. They said that the rep did not explain the agreement correctly and that something was wrong with our machine. They wanted us to sign a new contract for a new machine. They also wanted us to pay additional fees.

At the end of the ordeal, we ended up with a large headache and missing funds. We scrapped the idea of renting a credit card machine and now we use Square. It’s a smartphone application and attachment where you can process credit card transactions. It’s makes transactions A LOT easier and is giving traditional credit card readers a run for their money, literally. This was one of those lessons we had to learn through our pockets. OUCH!

                      hurt piggy

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On The Road to Success Series

At L Duncan Apparel, we are committed to our success as well as the success of others. We are keen on uplifting our community. We are starting a series of stories that we have learned over the past year. As a small business, it can be difficult to compete with other businesses and still remain true to your values. We want to share our story so that other entrepreneurs and small business owners may learn from our mistakes.

small business

 

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Our next event is a Charity Brunch and Image Forum honoring the Center for Food Action scheduled for Sunday, February 24, 2013,  at the Urban Auditorium of Saint Clare's Hospital in Denville, New Jersey.  Exhibitors in the past have included purveyors of couture, accessories and home decor, handbag manufacturers, artists, makeup professionals, stationers, milliners, interior decorators, soap manufacturers, candle distributors, fitness trainers,  massage therapists, lamp distributors, as well as jewelers. We're thrilled to network & participate.

 photo 1photo 2

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