Insufficient capital can be advantageous. Every entrepreneur needs capital to start, run and grow his business. Without capital, a lot of things can be hampered. However, at times, lack of sufficient capital can be a blessing in disguise. In every dark cloud, there is a silver lining. If you think that not having sufficient capital is a curse, you’ve got to read this article. I just need to write this article to motivate some people there who thought that capital is their major obstacle stopping them from starting their business. A lot of ideas have died just because of this Continue ReadingThe Hidden Benefits of Not Having Sufficient Capital
Dear Employee, I congratulate you on your new job. Whether you just got a new job or you have been working for some time, this letter is for you. You will agree with me that you are probably not the only person that applied for the job. By one reason or the other, you are successful in the interview processes and you are selected as the preferred candidate. It doesn’t matter whether this is your dream job or you just want to use the job as a spring board which may likely land you on your dream job. For now, Continue ReadingOpen Letter to All Employees
Things to Do Before Starting a Company. Starting a company is the dream of many. If you are reading this article, I believe that you are among the people that are considering starting a company either now or in the near future. This desire is laudable indeed but you don’t need to rush into it. If you rush into starting a company, you may soon discover that you did not do your homework properly. Starting a company requires that you do some ground work that will help you lay a good foundation for your company. Therefore, if you are thinking Continue ReadingChecklist for Starting a Company
Content of Business Partnership Agreement. Business partnership is the relationship that exists between two or more persons (but no more than twenty) who come together to carry on a trade or business. People are attracted to business partnership because of the advantages it has over sole proprietorship. If you want to consider business Partnership, you should ensure that you involve people you can trust. Besides, it is always advisable to draw your business partnership agreement. The specific terms of the agreement will be determined by the partners. This agreement is called business partnership deed. The partnership agreement should contain the following information: Continue ReadingHow to Prepare Business Partnership Agreement
How Do You Price Your Product To Ensure Profitability? Pricing is one of the important decisions you have to make about your business. For you to be able to run your business profitably, you should know how to price your product or service appropriately. The pricing decision is so vital that it will determine whether you will report profit or loss at the end of the day. It is not enough to have your products sold to customers; they must be sold at the price that will guarantee profitability. If you sell too cheaply or on unfavourable terms you are Continue ReadingHow Do You Price Your Product?