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.
Even the minutest detail ... Read more »
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 ... Read more »
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:
Yes, you heard that right. Did you know that ... Read more »
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 ... Read more »
What are Your Rights as an Employee?
It is important for every person of the working class, to know their rights. So contract of employment can take away the rights you have by law. Every worker, regardless of the job profile, the number of hours they work and the wages they are paid are entitled to certain legal rights. Some of the basic rights include:
Written statement of terms of employment has to be handed over to the worker within 2 months of his start.
The worker has to be paid at least the national minimum wage. This even includes the ... Read more »
While Facebook and Instagram are trendy, these days the whole working world is at LinkedIn. Just like how a girl or a boy interested in you, will first checkout your Facebook profile, it is most likely that a businessman or a person about to hire you (usually the overcritical HR) is going to judge you by your LinkedIn account and the first thing he/she is going to notice is you profile picture. Your profile picture can be one of the most important aspects of your LinkedIn profile. Research shows that just having a proper profile picture makes your ... Read more »
Technology has given birth to millions of jobs opportunities since time immemorial. The term job may seem simple and compact but the deep inside it lies years of endless frustrations and dissatisfactions. Out of every 3, 2 are those who don’t feel like working in their given sector. Revenue is the only reason which binds people to the unattractive job conditions. However, some opt for building startups in order to escape their boring job lives. This has lead to the introduction of some industries which have their aims and work environments ... Read more »
Bootstrapping is a self starting process which proceeds without any external input. It is the main reason behind the success of many startups like Facebook, etc where the developers didn’t have to worry about the external debts. While bootstrapping, you need to make sure that you have quite a reliable stack to fund to your business. This means you don’t rely on any banks or investors for the required funding at the start. This reduces the external pressure on you which lead to a self sustaining business. At some of point of time you ... Read more »