Three Ownership Interests Exist as an Entrepreneur
There are three distinct ownership interests with a closely held company. There is an economic expectation, a right to manage the company and right to hold the ownership position as an asset.
Business Principles Start-Up
Start-Up issues faced by all new businesses are common. Many of these start-up issues are easily resolved by utilizing historical solutions that work. This section of the website addresses and assists all start-ups with guidance and knowledge related to typical problems during the early phases of business.
Business Leadership Tips
Being a boss or business owner is easy. Being a leader; that’s a whole different story. It can be challenging to become capable of motivating & inspiring staff. Is this what you want to achieve? Look no further.
Business Barriers
No business is instantaneously successful. There are multiple obstacles referred to as business barriers all owners and managers have to overcome. There are three primary groups of barriers for every business out there.
Feedback Loop in Business – Identification and Parameters
The goal of accounting is to make continuous improvements in operation by monitoring economic results over a period of time. Any changes to economic value is analyzed for impact and the source of the change. In effect, management is constantly tweaking the business to gain marginal improvements via financial results.
What Startup Owners Can Learn from Expert Traders
When it comes to managing a successful business, expert traders can teach entrepreneurs a thing or two about how to gain from a competitive market. It may not be too obvious, but trading and entrepreneurship have much in common. In fact, some of the most successful investors and traders have started their own profitable companies, such as Warren Buffett who believes that entrepreneurs can learn a lot from investing.
Stock – Fundamentals of Ownership and Control
The basic principle of stock is an ownership right of a company based on the percentage of outstanding shares in possession. It is essentially a mutual understanding between shareholders that each investor’s percentage of ownership is similar in rights based on that percentage of ownership.
Micro Business
Micro businesses are all around us. Often overlooked and rarely given a second thought they are the backbone of our economic system. From the local beauty salon to the Mom and Pop pizza shop; micro businesses are everywhere. Micro business is defined as the small closely held operation that provides a family a supplemental or primary source of income.
Mission Statement
A mission statement is a written document identifying the businesses’ primary reason for existence. It should convey the core values and the principles of the company. It should be reviewed with staff frequently to remind everyone of the chief goals of the company.
Shareholder Dynamics in Small Business
The majority of small businesses are owned by a single individual. An additional pool is family owned or controlled. The balance usually involves friends or relatives that are passive in ownership. These forms of ownership create some interesting shareholder dynamics and if not thought out, can create some legal and financial issues in small business when a life changing event occurs.
Types of Business Models
In business there are four distinct business models. Just about any business can be identified with one of the four. The following are the four types of business models: 1) Low-Volume, Hi-Margin, 2) Hi-Volume, Hi-Margin, 3) Low-Volume, Low-Margin and 4) Hi-Volume, Low-Margin.