There are a number of options available to you:
- use your own funds;
- bank loans;
- business angels;
- small firms loan guarantee.
Wherever possible you should use your own funds. That way you wonâ€™t be burdening your new business with loan repayments. Obviously this wonâ€™t always be possible. Continue reading “Who is Going to Finance Your New Venture?”
Working capital is the amount of money you have available to run your business on a day-to-day basis, and without it, you will be unable to trade successfully.
This is as opposed to fixed capital, which is the capital you use to buy your fixed assets, for example what you spend on items such as buildings, vehicles, machinery etc. Continue reading “What is Working Capital?”
If you are a businessman/businesswoman, there must be a time where you perform so bad in your business, like the day when you are about to bankrupt or when you lose a lot of money in your business. Whether we want it or not, it will happen eventually. The bad news is for those of you who lend money from Bank (or any other financial institution) to finance your business; you might get trapped in bad credit trap! Continue reading “Say Good Bye to Bad Credit Trap”
Thereâ€™s no easy answer to this one, and how much you sell will depend on a combination of factors including:
As a businessman we realize that time is important. Like the old quote says â€œYou can earn more money buy you canâ€™t earn more timeâ€. Because time we have is so limited thatâ€™s why we have to be able to maximize it to get the optimum result in our life. Unfortunately, some of people like our employee may not really understand this. They donâ€™t respect how precious the time is, thatâ€™s why they come late, spend longer time at lunch, and often go home earlier. It sucks! Continue reading “How to Control Your Employee Discipline”
Obviously itâ€™s unlikely that you will be the only business operating in your chosen field, but if you do find that the competition is thin on the ground this doesnâ€™t necessarily mean good news for your business. It may be that businesses like the one you are proposing have come and gone. So itâ€™s worth further research if there isnâ€™t any sign of real competitors. Continue reading “Understanding Your Potential Market Place”
If you’re thinking about starting a business or maintaining the one you have via remote workforce, you aren’t alone. One of the leading ways entrepreneurs are cutting their start-up costs is by saying goodbye to office space and sticking strictly with virtual means to conduct their business. In our technologically savvy age, running a business through nothing more than a laptop and a web connection has never been easier. Continue reading “Rely on Remote Workers with the Assurance of Surety Bonds”
Sometimes the only reliable way to be sure that whatever it is youâ€™re about to sell is going to appeal to your potential market is to carry out customer surveys.
Continue reading “How to Survey Your Potential Customer”
All businesses need a good project management, but most of businesses, especially the small and medium enterprises (SME) hardly have budget for the project management. We know that in order to develop a good project management system that is needed by the company needs much money and time to finish it. Continue reading “Online Business Project Management”
Business trip is one of the most common things for businessman nowadays. I spent at least one week in a month for this kind of trip. Guess what, in business trip even though it takes most of our energy we often get a sweet deal either from our client of our supplier. Thatâ€™s why I always prepare myself and my trip as good as possible. Continue reading “Prepare Your Business Trip Well”