Starting and Expanding a Small Business

Unlike what most people think, small businesses are the cornerstone of many advanced economies in the world.   For example, the united stated economic system was originally founded by individuals involved in small businesses.   The craftsperson, the family farmer, the shopkeeper, all these are examples of small businesses that established the U.S economy.  …

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What Makes a Good Leader?

A good leader must have certain qualities and characteristics that define his leadership style and abilities. Early researchers who studied leadership searched for certain characteristics common to all effective leaders. At the time, they were completely unable to prove and determine any links between leadership ability and particular qualities and traits. Nevertheless, they found that…

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How to Succeed as an Entrepreneur

Entrepreneurship certainly involves risk taking and hard work simply because any entrepreneur is required to put huge amount of physical, human and financial resources into a business without knowing for sure if it will pay off or not.   Thus, it is not at all an easy decision for anyone to leave his stable job…

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How did Apple Manage to be So Innovative?

The world is heading towards very competitive trends these days. If a company cannot innovate and introduce novel ideas as far as consumer goods are concerned, there is no future or survival for that company.   Innovation is the critical factor of commercial success of businesses these days and with the innovative idea, risks are…

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How to Develop and Implement a Financial Plan

Generally Speaking, financial planning is simply a continuous process that helps in making reasonable decisions relating to cash which is capable of assisting individuals or organizations to realize its goals. Here are the logical steps for financial planning:   Evaluate your Financial Position at present: First and foremost, individuals must be objective enough to determine…

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Do you Know What it Takes to be a Successful Entrepreneur?

What are the factors that contribute to the success of new business start-ups? What are the reasons of failure of many new business start-ups? And what it takes to be a successful entrepreneur?   Entrepreneurship Means Hard work   Entrepreneurship certainly involves risk taking and hard work simply because any entrepreneur is required to put…

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The Fundamental Accounting Concepts

Many people always ask us about the fundamental Accounting concepts that govern Accounting. So here are some of the basic concepts that you need to understand particularly when talking to your Accountant so they won’t throw one over you. Basically, accounting concepts are simply the major assumptions, rules and principles working as the foundation of…

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Inventory: Methods of Evaluation

  Broadly speaking, inventory, otherwise referred to as stock can be defined as the estimated value of raw materials and finished goods kept by a company for production, and sales purposes. Simply put, inventory is total goods and materials held in store by an organization per time. Inventory is categorized in as current asset in…

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Do you Know What it Takes to be a Successful Entrepreneur?

  What are the factors that contribute to the success of new business start-ups? What are the reasons of failure of many new business start-ups? And what it takes to be a successful entrepreneur? Entrepreneurship Means Hard work Entrepreneurship certainly involves risk taking and hard work simply because any entrepreneur is required to put huge…

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How to Plan for your Business

  Contrary to what many people might think, planning is not an option which you can choose to undertake or not. In fact, planning is the first step you must conduct if you really want to launch a successful new business. Planning simply means to establish the goals and objectives of the business and then…

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