View Post The business environment is constantly changing, and doing so very rapidly. In the process change threatens traditional ways of doing business. On the other hand the same economic transformation is creating new business and work opportunities for agile, open-minded and innovative entrepreneurs. One of those recent economic revolutions is Electronic Commerce or trading online. This has created a …

Services are the dominant economic sector in most developed countries. In the United Kingdom, they account for more than seventy per cent of all the country’s production. Services are provided by the public, private and voluntary sectors. A service is the work that we perform on people or for people and their possessions. The work that we perform directly on …

Man (like other lower species) is by creation a social being. No person is an island. No person can function and develop effectively entirely on his or her own. We need other fellow human beings from the time we are born to the end of our lives and the disposal of our dead bodies. We can not do that on …

Business owners hire workers to assist them in running their businesses. By so doing they create jobs and help alleviate unemployment and the poverty that it causes. The workers, in turn need jobs and expect to be paid a fair wage for their services. By law the employer must pay the agreed wage.

In any country, there are many informal businesses (part of the underground economy), which not register with their governments and thus evade paying taxes on their profits. The owners do not see the need to do so, yet expect their government to provide public services. Apart from being a legal requirement, formalizing the business and paying taxes on its taxable …

Before you plunge into starting a new business for the first time, you need to know yourself. This is because your attributes will determine the success or failure of your venture. That means being absolutely honest with who you are and what makes you tick. When starting your own business using your own money, no one can stand in your …

There is more to success than making lots of money by whatever means: honestly or fraudulently. First and foremost, treat others you deal with as you would like to be treated. Always give your customers or clients value for their money. They deserve it. Esteem a good name higher than riches. Invest in a good name. A good reputation is …

Marketing Means Business. The important function played by Marketing. Marketing is a means of communication, connecting businesses organisations and their existing and potential markets. It also facilitates generating new business. Marketing is one of the oldest means of earning a living. It pre-dates the existence and wide use of money and modern industry and commerce. Before money or in the …

Costing and financing your new business. Starting and running any business costs money to cover its start-ups and operating costs. The cost of the business varies according to the type of business you are proposing to start and its scale of operations and where you will be trading from. From your own home or from rented commercial premises, involving purchasing …

The need for a Business Idea Before you can start and run any new Business, you need to know in advance what your venture will do in order to earn money for you. For example whether it will provide a service, make and sell goods (manufacture) or buy and sell merchandise (trade/distribute). That will be the case, if you already …

Discover, develop and use the Leader in you. Make a Positive Difference in your own life and in the lives of your fellow men and women. The need for People Leaders In order to function effectively as groups, communities, business or charity organisations, nations, etc, people need Leadership to show them the way to do things. Without leadership they are …

The important role played by businesses in our daily lives: They: Create Work and help generate wealth for their owners and employees. Supply the goods and services that we consume on a regular basis. Keep people occupied and not idle and bored. Our bodies and minds were created for Work. To keep them fit and healthy, they must be occupied …

Each country is unique in many ways that can impact the feasibility and performance of your business in a positive or negative way. For example an idea that is feasible in a highly developed country may be either impossible or difficult to do in a less developed one. These are some of the determining factors you will need to take …