Starting an Online Business Checklist If you want to start a successful online business from home, there are certain practical steps you need to take. You can’t run a successful online business by just a wish. If wishes were horse, beggars would ride, they say. Every rational being that starts online or home business will like it to be successful. Whether you are about starting your own online business or you have started one already, this article will give you tips on how to run a successful online business. Below are few steps you need to take in order to make Continue ReadingA Guide to Starting an Online Business From Home
Your business should be set up based on the legal structure that is most appropriate. There are some factors which you may consider before you settle for any particular business legal structure. The reason for putting the factors into consideration is that, once you choose your legal structure, it will cost you time and money to change it. So, you should not take this lightly. The factors to be considered include the following: Capital What is the capital requirement for your business? Can you start your business with just a little capital or it is going to be capital intensive? Continue ReadingFactors Affecting Choice of Legal Structure of Your Business
Understanding Family Business. What do you understand about family business? What does it mean to start and run a family business? I consider this topic to be very important to anyone starting his or her own business. This is because a lot of people start a business which can be described as a family business unknowingly. Before I continue with this article, I will like to make certain clarification about what a family business is all about. If your business is jointly owned by your family members, you are running a family business. That does not mean that there are Continue ReadingHow to Start a Family Business
Funding plays a key role in starting a business. Funding is one of the hurdles entrepreneurs have to overcome. No matter the size of your company, you require adequate funding to start and grow your business. Though the ease at which each is able to achieve this may differ from one another. Definitely, funding could be easier for companies that are well established than small businesses which are still trying to get their footing right. For example, when an individual approaches banks to borrow money, he will be required to bring collateral, which would serve as security in case of any Continue ReadingFunding Options for Small Businesses
Who Are The Salary Visionaries? I receive this WhatsApp message this morning. I felt I need to share it with my audience. The author duly acknowledged. “The poorest group of people in the world are salary earners. They live in a vicious circle of poverty. Referring to them as servants of civil which made them uncivilised. They categorised them as common men, tax payers and middle class citizens. If you ask who are the highest class citizens, you will hear people who create wealth with their ideas. People who are entrepreneurs in making and people with wisdom to create and Continue ReadingAre You a Salary Visionary?