Category: business management

Four Stages of a Business Idea to Be Undertaken by Promoters

Before a company (Co) comes into existence, the new business idea undergoes some stages and procedures. These initial stages of formation of any company are termed as promotion. There are people who are involved in executing these stages before a company can commence its operations. These persons are called the promoters.
Note that not all types of companies undergo all these stages. Some start operating only after undergoing two stages as the case with a private company and public company. These two companies don’t have a share capital. A public Co limited with a share capital has to undergo all the four stages before it’s incorporated to commence its specific purpose stated in the memorandum of association. Gw. Gerstenburge defines promotion of a company as, “the discovery of business opportunity and the subsequent organization of funds, property and managerial ability into a business concern for the purpose of making profits …

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Finding Home Business Ideas That Are Suitable For You

Would you like to start a business home idea? There are several home based businesses which you will be able to choose from nowadays, below are couple of of the home based business ideas.
Many of the individuals will like to sit at home and earn a five figure income. These people do not have to worry because there are lots of home based businesses out there in the market these days one could choose from.
Translation service
If you have a mastery over a language and translation is easy for you, then you will be able to convert this into a great business home idea possibility for you. These days most of the multinational companies are ready to spend a lot of cash so-as to get a good quality translation service. You will also be able demand a very good price if you’re well versed and have adequate experience …

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Brainstorming and Creating Home Business Ideas – Simple Successful Strategy

There are a number of different home business ideas that can bring a small fortune to an individual person. A lot of people would love to have their own business but they can never come up with any ideas. In this article I would like to share some of my personal methods of finding and creating ideas for home businesses.
The first and most important thing that you’ve got to do is brainstorm. Its best to surround yourself with like minded people; it can be difficult for a single person to think of a business ideas and then get the business up and running. Surround yourself with good people, and start the brainstorming process.
Now there is a lot more to brainstorming then just throwing out ideas and hoping to come across a good one. As a group you need to discuss how much you’re willing to invest, how much …

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10 Tips For Identifying Lucrative Business Ideas!

Great business idea like gold,often looks undesirable in its raw state when it is surrounded by dirt. However, as it is refined and defined, it begins to shine and bring out its striking qualities.Although business ideas or solutions originate in various ways, their source is God who created us in His image and place in each of us the creative ability.Business ideas come through:
1. An idea bank
This is made up of ideas that have been archived over a period of time,awaiting use in the future. An idea bank could contain recordings of potential business ideas,newspaper cuttings, copies of pages of books, magazines, articles,pictures and the could also be a collection of potential business ideas one is considering to venture idea bank could be in the form of a diary, organizer, or even a voice or data recorder you keep close by to note down the ideas that come …

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Launching an Outdoor Cinema: How?

Most people love a good movie and see going to the cinema as a great way to spend time with friends or loved ones. Many of us not only discuss the films we’ve seen, but also whether the cinema is fitted out well or is in dire need of refurbishment. The most popular cinemas provide comfortable seating, a vast range of refreshments and snacks to choose from, and an excellent sound system to name but a few qualities. In summer months outdoor cinemas gain popularity but are usually pop-ups that appear for a short while only and aren’t always focused on viewers’ comfort. A more permanent open air cinema is a great business venture, but how do you go about running one?
Official permission and licensing
Before you start setting up any equipment in a public place, you need to seek official permission from the local authorities who’ll be able …

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How to Get Good Ideas for Your Business

Brainstorming
Brainstorming has been around as a quick-fix way to generate ideas for a long time now, and even has been teleported into the hi-tech age with such methodology as Tony Buzan’s “Mind Mapping.” Both hand-written and electronically generated spider charts and various other systems have been developed which formalize what many people had been doing for decades anyway, which basically involved doodling on a piece of paper.
Verbal brainstorming is popular, too, especially in its form of “think tanks” and “retreats” often used by corporations and other organizations to whip their people up into a frenzy of new ideas that ultimately will benefit the organization, and – we assume – the recipients of its services.
Whatever method suits you, beware of brainstorming for new ideas when the ground rules have not been set properly, though. I remember being asked to attend a brainstorming session for a very large chain …

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6 Guides to Determine If You Have a Business Or a Hobby

Entrepreneurs, let’s not fool ourselves with all this talk of doing what we love and the money will, um, fund an early retirement.
I’m all for doing what you love, believe me, I just don’t want you to think you have a business when what you really have is a fine-tuned, fully operational hobby.
Here’s a quick gut-check on the realities of a business vs. a hobby:
1. You’re making money. This may sound obvious, but do you know how many people send out a press release after they’ve put up a website? Me either, but I know it happens every day. These so-called businesses are trying to get attention for their great idea before they even figure out how and where they’re going to monetize. What good are spectators if you have no reason for them to become customers or sponsors.
2. You have a business model. I’m not …

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Unique Profitable Business Ideas – Be Your Own Boss!

Imagine being able to decide what hours you work, what you do at work and most importantly, how much you get paid. Most people cannot even visualise how this freedom would affect their life, let alone how to achieve it. Thankfully the way to achieve this is quite simple; all you need is a unique business idea and a little determination. With a unique and creative idea you will be able to achieve the business profits that other entrepreneurs only dream of. A unique idea takes advantage of a market need that is not being satisfied. If you offer a product or service that is not already available or that is not supplied in the quantities desired then you will be able to charge high prices and enjoy high profits margins.
Think about it, would a book store be able to make good profits? No it couldn’t, it could achieve …

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4 Christian Home Business Ideas

When it comes to starting a Christian Home Based Business you need to choose what type of Business Model or Idea you are going to follow.
I follow 4 specific business models in my home based web business:
Affiliate Marketing
Product Creation
Network Marketing or Multi Level Marketing
Local Business Marketing
The reason I do all 4 is I want to have multiple streams of income. If one stream drys up the others are still flowing.
So let me explain the 4 different home business models.
Affiliate Marketing
I believe everyone should start off with Affiliate Marketing. The reason is with affiliate marketing you don’t have to personally do product fulfillment, customer service, etc. As an affiliate marketer you are basically on a sales based commission system. You may get from 6{75f7d6826a5ae8a0173b8a8159b63ceac1acc20c4a43d07670d992b80bd52f77} to 60{75f7d6826a5ae8a0173b8a8159b63ceac1acc20c4a43d07670d992b80bd52f77} of the price the person pays when they buy through your link.
The reason this is …

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How to Succeed in Your Online Business

Around 9 out of10 people who try to start an online home based business will fail. If this true then you need to learn the key factors why people fail and make sure you don’t fall into the same pitfalls. These are the most common reasons why people fail to make a success of their home based business venture.
Not putting enough effort in
A lot of people think that making money online is really easy. This is not the case. There are a lot of internet marketing products on the web that make you believe that you can earn thousands of dollars in a few days or weeks. The reality is building a successful online business takes constant effort and a lot of perseverance. Many people get started and then give up when they realise how much time and effort is involved.
Not enough time is given to the …

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