How money really works in today’s society? The money is supposed to transport value from one to another. It is a good way to do trade without needing something particular in return. In this post we are going through a little bit of history of money as well as how the money system works and …
Leasing, which means long term renting of a vehicle, property, or machinery, for example. You can benefit from leasing when starting a smaller business, when you don’t have to buy every piece of equipment you need. You can lease some or all of them. This allows you to reduce the risk involved in your business …
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This is a short post about how to find the best audience for your current product or product you are developing. Consider these things before optimizing and doing any final touches on your product or service. Let’s dive right into it. Put yourself in the shoes of the customer Trying to put yourself in the …
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The advantages of having a small business instead of a large one are real. Don’t get me wrong, large businesses are awesome, but there are some things that small businesses are better for. Here is a list of the things that give small businesses the upper hand over larger ones. They can adapt easier to …
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There are a lot of different ways to make your business operate more efficiently. I am sure there are way more things than mentioned on this list, but I think this is a good way to start, to improve the efficiency of your company today. 1. Outsource The first thing on my list is to …
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Some of you might have heard of the 80/20 rule. Some might not. Don’t worry, we will go through what the rule is and how you can apply that to your business. What is the 80/20 rule In a nutshell, the 80/20 rule means that 80% of the results come from 20% of the work. …
There can be several reasons new, small businesses fail to succeed. These are some of them, but don’t be blinded by this list. There are always new problems on the way around the corner. With proper risk management, you can avoid failing your business. More about risk management in this post. Let’s dive right into …
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There are numerous ways entrepreneurs have come up with their ideas, and the way you will find yours might not be on this list. These ways can change the way you think, even a little bit, to push you towards breakthroughs in your business invention journey. Most of these things are based on problems, or …
Internet has brought business opportunities to everyone. Starting a business has probably never been easier, and it can be done with very little initial capital. Some business models are even free to start, but that means you will have to work hard to succeed. There are some benefits to online businesses, compared to ones that …
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There are several risks when managing your own business, and they vary across different industries. These are some things you should consider when doing risk management in your business. Calculate risks of different actions before making decisions Before making any major moves or changes of direction in your business, think about the consequences long term. …
How To Manage Risks in Your Business? (4 Things to Consider) Read More »