Companies of all sizes can face multiple problems when they first start off and financial difficulties are one of the main ones. Managing finances when first starting up can be confusing and stressful for those who haven’t had to deal with it before and have a lot of other things to deal with, which is […]
Whether you are franchising a chain or starting your own new business right from scratch, there are certain things you need to have, and things you need to be prepared for, in order to have a successful business venture. Your first step, if this is your own personal business and not a franchise, is to […]
There’s so much you want to accomplish in your lifetime. Undeniably most of your dreams cost money. The key to fulfilling them is to learn to manage money. Once you learn the basics of saving, budgeting and investing money, you will undoubtedly achieve your goals.
Fired with boundless ambition and dreams of making it big, there are countless entrepreneurs who kick off business ventures, only to be faced with the harsh realities of the marketplace, and increasing pressure on finances. If this seems to be a familiar story, then here’s what you should consider doing to keep alive your entrepreneurial […]
Gone are the days when the thought of buying a home would mean worrying about breaking the bank and doling out all your savings. Whether you buy a home to live in it or to make a property investment, the cost of having your own space can be very high if certain key concerns aren’t […]
Most people start a business because they have a passion for what they do. The problem arises when the business owner, only focuses on the parts of the business that bring joy and satisfaction to him/her and neglect the more mundane and monotonous aspects of the business.
Business is a complex process. It might sound very simple and profitable but when you actually get into it, complex situation arises. Amongst various departments of a business, finance department is considered to be the most important and complicated. Business involves various tax payments and deductions. Knowing them in and out would help you to […]
One of the first things that your advisors will tell you when you start up your company is to legally separate your personal finances from your company finances. This separation is one of the biggest benefits of incorporating early. Legally separating yourself from your company helps keep your personal finances and livelihood protected if things […]
One piece of advice Sir Richard Branson offers entrepreneurs is to protect their downside. In an article in Entrepreneur he said, “Always protect the downside. I think it should be a guideline for every entrepreneur — or anyone involved in business ventures.”
It is best to choose your business partner, just as you would your spouse – or so they say. You’ll spend more hours in the office working with your business partner, than you will likely spend at home caring for your spouse.