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How To Start A New Business While Running A Business

Do you fancy yourself a serial entrepreneur?  Now that the business you started is up and running, do you feel the inspiration to start a new one?  It is indeed possible to run two businesses at the same time.  Here are some tips to start a new business on top of an old one. Be Prepared to Give Up Some Control If you are used to running a business, you may be tempted to do everything yourself.  After all, you already know about getting an EIN number and tax filing for a business.  It is not possible, however, to be in charge of all the daily ...
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What Does a Commercial Law Firm Do?

Commercial law is important to any business. Consulting with a commercial lawyer gets you up to speed on the latest changes in regulations governing your business and employees,  which can save on penalties and claims down the road. They can also intercede on your behalf, acting as your advocate in negotiations to help you get a better deal. It’s sometimes difficult to know exactly how they can help you in every situation, so here is a short guide to some of the lesser known ways a commercial law firm could help your business out. Fund Raising All ...
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Women Entrepreneurs: Do they Stand an Equal Chance Now?

Majority of the societies in the world are patriarchal. How many do you think are matriarchal, who allow their daughters to inherit property, handle the family business, sadly a few. We have come a long way from not even allowing women to step out of the house to let them earn for themselves. But we shouldn’t content ourselves with that fact alone. Yes, it is progress but we need to keep progressing with time. Moreover it is equality that the society needs. Women may have progressed from their early conditions but they still do not have equal ...
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Most Effective Budget Tips for New Entrepreneurs

Entrepreneurship is all about managing a business. And a business runs on a fixed budget. Managing the finances is one of the major tasks in running a business and to be successful every new entrepreneur must know a few business essentials listed below. Separate your personal and business expenses This is very important because if your personal and business expenses get mixed up then it will become impossible for you to calculate how much input the business needs and how much profit it is generating. Maintain records Even the minutest detail ...
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Take Only Carefully Calculated Risks

We’ve surely read some epic success tales about people who have taken great risks in their lives and overcame all the obstacles. But is it always wise to blindly follow your heart and make decisions without considering the consequences? You need to consider all the advantages and disadvantages of a task, before you are exposed to the chances of any losses. When you are deciding whether to try a new venture, you need to make sure whether the odds are on your side. Don’t invest into a field where you are not an expert. Risks are an essential ...
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Innovative Ways to Make Some Extra Money

No one is ever going to scoff at some extra money coming in. Most people have trouble making ends meet let alone having even more money than their regular income. Due to the less than stellar economic state that many people find themselves in, individuals are getting quite creative about making their money. This means that you may have been missing out on lots of opportunities without even realizing it. If you are looking for a well-padded wallet, here are some intriguing ideas for you: Sports Betting Yes, you heard that right. Did you know that ...
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How to Protect Small Businesses from Potential Legal Risks?

When it comes to small businesses, it is often difficult to decide whether you should go for a lawyer right in the beginning or wait till you are in an actual legal and financial mess before you try to find one to save yourself. How do you not get yourself sued? As a business owner it is your responsibility to keep your business running smoothly. So here are some tips for small business owners and new entrepreneurs to protect themselves and their businesses from a future legal trouble. Don’t operate the business as sole proprietorship. Separate ...
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