Business

The Business Fundamentals

The idea of starting a business of your own is a little more than a dream at first, you actually begin transforming that dream into reality.

Operating a business offers many advantages: financial independence, being your own boss, opportunity to earn profits and being decision maker, but there are also many disadvantages and they will affect your personal life, security, privacy, friendships and financial status.

Making and living with your decisions brings two ways:

THE RIGHT WAY - Offers profit and success and pay for long hours and hard work.

THE WRONG WAY - Can put you out of business and can cost you money.


The heart of every new business is an entrepreneur, person not content to leave things as they are, but wanting to strike out on his or her own. The entrepreneur most likely to succeed in business dreams big, have personal vision, but remains firmly rooted in reality.


Learn business fundamentals and turn your business dream into a successful enterprise:
What's Your Goal?
Knowing what you want and why you want it will help...
How to Begin
You have to determine the ownership and the legal...
Entrepreneurship
An entrepreneur is a person, while entrepreneurship is...
Business Quiz
Find out if now is the time for you to get started...
The Right Location
Choosing the right location is the most important thing.
Your Options
Before you invest, educate yourself and find answers...
Factors to Consider
No business plans to fail, but many fail to plan.
Quiz Answers & Comments
Poor management is the largest single cause of...
Government Regulations
There are a number of legal & regulatory requirements...
Using the Professionals
There are at least 3 important professionals whose service...
Your Tool Computer
Have your computer from the start...
Protecting Product or Service
Anything you design, invent or create is commonly referred...
Credit Card
Credit card can boost sales because customers tend to...
Debit Card
Debit cards are great form of payment and every business...
Cash & Cash Equivalents
Keep only small amounts of cash on hand.
Cheques
Handling cheques is time consuming and...
Other Payment Methods
The transfer of wealth from one party to another.
Accounts Receivable
Manage your receivables well, because they represent a cost.
Ratio Analysis
Ratio analysis may help you put things in proper...
Business Tips
Don't try to do it all, delegate and ask for help...
Market Research
This is an organized study of the facts important...
Getting a Financial Picture
You should have real financial picture of...
Glossary
Glossary of business and financial terms organized in...
Business Guide
Discover various and useful business information...

The Power of Appreciation

Team work is the best tool for any business. Show some appreciation to your workers. Employee appreciation and personal thanks, whether in a small business or large corporation works magic. Every employee wants acknowledgment and personal appreciation, which is also the best way to keep them more productive, engaged, loyal and eager to contribute. Employee recognition is a powerful tool to create culture of engagement, so don't forget to offer personal thanks to your older team members. For people new in the business, experienced and older team members can provide support and guide every step of the way, if they are motivated.



Promote locally
to build long term loyalty
Add personal touch
to build trust and connection
Combine the best tools
use online and offline marketing

Did You Know?

It doesn't take a fortune to sell your products and services on the Internet. It just takes some knowledge of what your customers want and how to find a way to present your sales solution to them.

For business people either selling products or promoting their services on the Internet, the importance of attractive, fast, usable sites can't be overstressed. Much like a counter person or storefront, the appearance and function of a business' website conveys an image of the company to the customer.

Your website is your image on the Internet. That image can either be good or bad, and bad images don't sell. Adhering to a few common sense web design rules can help with the public's perception of your company and increase your sales. Find out more...