Archive for the ‘Business Plan’ Category

Relocation & Expansion

Saturday, March 8th, 2008

Deciding on location can play a vital role when starting a business. It can affect your business quite substantially. It can lead to growth or in the worse case, bankruptcy. Location is crucial. Some businesses may do good in one place then bad on another. ...

Offshoring

Tuesday, February 19th, 2008

To save money, more and more companies outsource their business processes to other countries like India, Philippines, Indonesia, and China. This practice is also commonly known as offshoring or business process outsourcing (BPO) or just outsourcing. Outsourcing covers almost anything - from getting a virtual assistant, to web ...

Your Investment

Sunday, September 23rd, 2007

Knowing how much money you have and how much you are willing to invest is one very important thing that you should think about first.  The amount of your investment generally depends on the type of business that you have and how big you want to begin with. For a small ...

Corporation

Wednesday, August 8th, 2007

Setting up a corporation may not be as easy as setting-up a sole proprietorship or a partnership.  It takes more time and is a bit more complicated.  However, it can be worth all your efforts since this structure limit the owner's personal liability for business debts and court judgments against ...

Types of Ownership Structures

Wednesday, July 11th, 2007

There are basically 3 types of business ownership for you to choose from: 1. Sole Proprietorship; 2. Partnership, and; 3. Corporation.  Sole Proprietorship: This is the type that is easiest to set up.  It is a one-operson business that is not registered with the state like a limited liability company or ...

Your Business Name

Tuesday, June 5th, 2007

Your business name has a lot of things on it.  It is a reflection of your company.  It has a lot to do to turn your business into a success.  Your company name can be the talk of the town or just an anonymous entity.  Your business name has to be ...

Determining Your Business Objectives

Wednesday, May 2nd, 2007

This can be the most exciting part in planning a business.  In this stage, you can let your mind roam and see yourself five (5) years after you have set up your business.  Of course, you would not want to imagine that your business  will be gone by then.  You ...

Do I Need a Business Plan?

Friday, April 13th, 2007

You might be wondering what a business plan is and why do I need one. A business plan, is basically a written outline of your business. It contains information about your business' economic viability, description and analysis of your business prospects. It contains an executive summary of your business, business ...

Starting a Business - Part 2

Thursday, March 1st, 2007

After assessing yourself if you are fit to be a businessman, you can now start thinking about the business itself. 1 . What Kind of Business Do You Want to Have? Think of the thing that you love to do: your skills, interests and personal values. It is always important that ...

Starting a Business

Monday, February 12th, 2007

Are you tired of your day job? Do you feel that you don't get enough compensation considering that you put a lot of effort on your work? You must be thinking about setting up your own business. Here are some basic questions you need to ask yourself ...