Cost Advantage of Sole Proprietorship

Advantages of Sole Proprietorship over Limited Liability Companies. When it comes to the issue of legal structure of a business, sole proprietorship seems to be the most popular. This may be due to its simplicity in formation. Just of recent, I had somebody discussing with me about his intention to start his own new business. He had a business idea and he is convinced that the idea is feasible. Truly, when I looked into his projections coupled with the results of the market research he carried out about this business idea, I was also convinced that the business idea would Continue ReadingCost Advantage of Sole Proprietorship

See Why Business is Like a Seed

Every aspect of business can be likened to a seed. You must have heard about the law of seed time and harvest. You can equally call it law of sowing and reaping. By extension, you can say it is about giving and receiving. That is what business is all about. Every aspect of business is governed by this principle. In this article, I will show you how this law operates in business. But before I continue, let me explain to you what seed time and harvest is all about. For those that have an experience about farming, this may not Continue ReadingSee Why Business is Like a Seed

How to Turn Your Hobby into Home-Based Business

Your hobby is your number one home based business Idea. Home based business has proved to be a good means of earning income. However, some people still have a misconception about home based business. They wrongly believe that home based business is meant for stay at home moms and/or dads. The truth is that, most of these stay-at-home moms and dads were once corporate employees until they discovered themselves. Many of them have different stories to tell on how they started their home based business. The reasons why some people start their own home-based business include the following: Unemployment. There Continue ReadingHow to Turn Your Hobby into Home-Based Business

How to Generate Name for Business with Ease

You Can Generate Name for Business with These Business Name Generators. Generating a name for business has always been a herculean task for many small business owners. After you must have come up with your small business idea, you need to generate a name for the business. How can you create name for business you are about to start? The answer is simple. If you are finding it difficult to create a name for your business, you can use business name generator. We have many business name creators which can be used to generate name for business or product. Among Continue ReadingHow to Generate Name for Business with Ease

Business Management Skills Needed by Business Owners

Business Management Skills That Will Help You Succeed as a Business Owner. As a business owner, there are many business management skills you need to possess or develop. Being a small business owner can be challenging. According to the popular saying; uneasy is the head that wears the crown. The road to success is not always smooth. Therefore, to succeed as a business owner, you should be ready to learn and develop different business management skills. If there are business management skills you are lacking, it makes sense to go for training. The purpose of this article is essentially to Continue ReadingBusiness Management Skills Needed by Business Owners