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Sole Proprietorship
This is the most popular form of small business and, as the name implies, ownership is totally vested with one person. It is the easiest to establish since no legal formalities are necessary. The only business requirement may be a license from your local jurisdiction to allow you to conduct the type of business […]
1. Get real clear on the financial targets. Ask yourself:
How much do I really want to earn?
How much do I really need to spend on the business? (See below.)
How much do I really need to have fun for myself?
How much money is left?
Is that the number I have to keep in the bank so I […]
By Dr Philip E. Humbert
One of the key challenges for any business is to remain focused and invest resources for maximum pay-off. It’s said that 80% of a business’s activity accounts for only 20% of total profits. In plain language, most of the work we do is unfocused, poorly designed and ineffective. In today’s competitive […]
Most of us are used to the concepts of risk management or time management. Many of the same principles can be applied to creating and responding to opportunities. Instead of thinking of opportunities as just “coming along”, you can actually increase the number of opportunities available to you, and there are specific principles you can […]
by Elena Fawkner
“… I’d like to register my business name with the proper town authorities as a sole proprietorship. To protect myself and my business name from being copied and altered, do I have to register any and all variations of the name? And is this done separately or is it done under the one […]
