In one sentence, describe what the following article is about: You will need to find suppliers for the items you intend to sell, and you will need labor with the required skill-set if you go for services. Finding the right supplier can be tricky. Ideally, your supplier should be straight-forward and precise with the terms of payment since this affects how you manage the sales.  Decide where you will acquire the goods to sell:  Buy from a Wholesaler and retail to the customer for a profit. Make on the premises and sell direct to the consumer. Make, elsewhere, and bring to the premises in order to sell directly to the customer. Make on the premises—and use the internet to sell some, the counter to sell more, and salespeople to peddle your goods at other stores. . Look up the item online and find the appropriate value of the item. Compare your prices with similar stores. Take inventory: list everything salable in the store, along with how much each item costs and how many of it you have in stock. The amount of items you sell depends on your supply, your consumer demand, and the size of the store you want to set up. Get a few price tags from a local store, buy price tags online in bulk, or cut paper into neat, even pieces. Make sure that you put a price tag onto any item you set out in your store. You can tie the price tags to items with string, stick adhesive tags directly onto items, or set the tags in front of your wares. Make sure that it is clear which tags go with which items. Think about what key impression you want people to have when entering the store, what functions the store should perform, and make a list of functional areas and items needed to display and/or to use. Plan out how you will use each square foot of floor space. Plan for fluid flow. Make sure that workers and customers can easily move about in the space. Make a drawing of the space with precise measurements. Once you figure the costs of building materials, labor, equipment, supplies, and their maintenance, you can put together the store space according to your plan. Build out the store to cover the basic utilities that keep the store running. This may include water, power, Internet, cable lines, phone lines, security/alarm wiring, water sprinkling system (against fire) carpentry, drywall, and painting. You can hire a contractor, or you can do the work yourself—but be sure that you know what you're doing, and that you can spare the time. Essential areas might include shelves to display your wares; surfaces to list prices; a counter for taking orders; space behind the counter for preparing, delivering, and packaging orders; space for a cashier; storage for extra items; a quiet office/administrative area; cleaning closets; benches and floor space for customers to wait; changing rooms to try on clothes; tables to consume food; restrooms.  Keep in mind you are going to need things to put your items on depending on the type of store. If you are a clothing company, you will need garment racks, price tags, hangers, etc. Consider adding extra features to keep customers entertained while they're in the store. Play music to set the mood (relaxed or upbeat); paint the walls with unique designs; display unique items near the entrance of the store to pull in customers. Imagine that you are one of your future customers, and consider what you would make you more comfortable shopping in this store. Ask yourself what made you try your favorite little pizza place or coffee shop. Was the location convenient? Did you read positive reviews about it? Were you simply curious? Did the hours suit your schedule?  Consider every tiny detail of your store. You can affect a client with even the smallest gestures, like writing "See you again!" on the door instead of "Push" or "Pull". If you have a sausage shop, for example, arrange a window display so that potential costumers can see what you're doing inside. Make sure that the meat fridges are visibly well-cleaned. Hygiene is extremely important for such places, so try to highlight this with your design. Pick the right people to help you. If you're starting small, you may be able to run a business under your own steam, but you will probably need to hire employees as business picks up. Choose smart, useful people, and train them to help your store succeed. Eventually, you may be able to set up your business so that it runs on your rules whether or not you're in the shop.  Staff the store with pre-trained people who know how to be honest, courteous, and trustworthy; who know what you are selling, and how to sell it; who can come to work neat, clean, and with a positive attitude. Pick responsible employees who can help you prevent shoplifters, avoid disturbances, and handle emergencies. Ask your family and friends to help out at first, whether your son is manning the register or your friend is helping you organize the shop the weekend before it opens. Tap into your resources, and make it exciting for people to help you out. Find a way to compensate these people for their time, even if you don't yet have the funds to pay them outright.
Summary: Establish your inventory. Prices Use price tags. Design the store space. Build out the store. Build the basic functional areas that your store needs. Design your layout with the customer in mind. Staff the store.

In one sentence, describe what the following article is about: For the purpose of consolidated statements, a company is only considered a subsidiary if the parent company holds a controlling interest in that company. Generally, this means that the parent company owns over 50% of the shares of the subsidiary. This is because this share value would give them majority voting power in the subsidiary. However, there are situations where a company can be considered a subsidiary even when the parents owns a smaller percentage of their shares, such as:  The parent has majority voting rights by agreement with the subsidiary's board. The parent has power to govern the policies of the subsidiary under agreement or law. The parent has the ability to remove and replace the majority of the subsidiary's board. The parent has the ability to cast the majority of votes during a meeting of the subsidiary's board of directors.   In contrast, a parent may own more than 50% of a subsidiary's shares and not retain control. In this case, they are known as an "unconsolidated subsidiary" and not shown on consolidated statement. When you consolidate financial statements, you'll need all of the financial information for each company being considered. This will include information for the parent company as well. Specifically, you'll need access to the books (the record of all transactions) for each company, as books are not kept for the consolidated entity. It's easiest to start with the financial statements of the companies being considered if these have already been prepared. This will allow you to simply combine larger line items and go back through the books only to eliminate duplicate items. In order to consolidate financial statements, you'll need to be sure that all companies' financial reports refer to the same fiscal period. Generally, if there is a mismatch in fiscal periods, you should modify subsidiary's timeline match that of the parent. This should either be done at acquisition or can be done through an adjustment to the subsidiary's financial statements. For example, if a subsidiary considers August 31 as its year end and the parent company's year end is December 31, then prepare financial statements for the first subsidiary running from January 1 through December 31. This may involve significant adjustment.
Summary:
Determine which holdings to report as subsidiaries. Gather your paperwork together from all the companies. Coordinate fiscal periods.