HOW TO PREPARE COMPETITIVE BIDS Competitive bids are offers extended by businesses in which they detail proposed compensation that they will receive in exchange for executing a specific task or tasks. These tasks can range from providing a service for a set period of time to manufacturing and transporting a […]
Management
WHEN OFFERING COLLATERAL FOR A LOAN Collateral is an item that is pledged to guarantee repayment for a loan. Collateral items are generally of significant value – property and equipment are often used as collateral, for example, but the range varies significantly, depending on the lending institution and variables in […]
HOW TO LAY THE GROUNDWORK FOR A NEW BUSINESS People launch their own business for all sorts of reasons. Some are wary of the corporate settings in which they have previously laboured, and hunger for an opportunity to exercise greater control over their lives. Some want to make greater use […]
HOME-BASED BUSINESSES: HOW TO BALANCE WORK AND FAMILY Owners of home-based businesses face unique challenges in the realm of achieving a desired work/family balance. Whereas small business owners who commute to their place of business everyday are usually freed from child-bearing responsibilities for the duration of their time there, entrepreneurs […]
THINGS TO CONSIDER WHEN DECIDING TO BUY AN EXISTING BUSINESS The decision to buy a business is an extremely important one, for such an acquisition almost inevitably brings significant changes in the buyer’s financial situation and personal life. Such purchases, then, should not be made before first thoroughly investigating all […]
HOW TO RUN A SUCCESSFUL DELIVERY COMPANY DURING PANDEMIC The COVID-19 outbreak has completely changed the way we live, the way we do business, and the way our economy functions as a whole. Many states are still in lockdown. More people are being asked to work from […]
MANAGEMENT COMPETENCIES THAT PROMOTE RAPID COMPANY GROWTH (2) Entrepreneurs who build substandard companies that grow to more than $10 million in sales and 75 to 100 employees are good entrepreneurs and good managers. Typically, they would have developed a solid base and a wide breadth of management skills and know-how […]
HOW TO IDENTIFY POTENTIAL RISKS IN BUSINESS AND CALCULATING THE PROBABILITY THAT A RISK WILL OCCUR Risk is a fact of business life, and a company’s exposure to risk increases as the venture grows. Understanding where the risk lies allows the enterprise to respond effectively through process improvement strategies and […]
IMPORTANCE OF CHOOSING AND MANAGING A LEGAL COUNSEL IN BUSINESS Almost all companies need and use the services of attorneys, and entrepreneurial ventures perhaps more than most. It may be necessary for entrepreneurs to possess extensive knowledge of the law in addition to selecting good attorneys. Various authors have described […]
HOW TO STRUCTURE A DEAL What Is a Deal? Deals are economic agreements between at least two people. In the context of entrepreneurial finance, most deals involve the allocation of cash flow streams (with respect to both amount and timing), the allocation of risk, and hence the allocation of value […]
