Archive for the ‘Business’ Category

Personal liability for business debts

What the sole trader needs to know A sole trader is a business that is owned by one person (and sometimes his or her spouse) and that isn’t registered as a corporation or a limited liability company. Sole proprietorships are so easy to set up and maintain that you may already own one without knowing […]

How to Protect Your Business Ideas

People often ask if they can sell an idea for a new product or service to a company that will implement it. But ideas that can’t be protected are worth relatively little. I don’t mean necessarily legally protected, but at the very least, protected with marketing momentum, image, and awareness. Relatively few of the well-known […]

How to Better On Business Plan

The following illustration shows a business plan as part of a process. You can think about the good or bad of a plan as the plan itself, measuring its value by its contents. There are some qualities in a plan that make it more likely to create results, and these are important. However, it is […]

Products for Starting a New Business

Starting a business is an incredibly exciting time for any entrepreneur; however it can also be stressful with so much to do in so little time. The start-up phase is also characterized by significant expenditures against a backdrop of uncertain income. However, there are a number of products and services that can help you maximize […]

What is a business model

A business model is a description of how your business intends to operate and make money. At the most basic level, it involves a producer making something and selling it directly to customers at a profit (but this simple model has propagated into numerous diverse models in recent years). Alexander Osterwalder, co-author of the book […]