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The Top 5 Reasons to Avoid Sole Proprietorship |
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Written by Nina Kaufman
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"Life is trouble; only death is not," comments Zorba the Greek in the novel by Nikos Katzanzakis. I’ve heard many a business owner brag about the lack of complication that their sole proprietor status affords them. No messy ownership agreements, no separate filings or taxes, complete freedom and flexibility to do what you want when you want. And if it’s "just me" working as a contractor/consultant to other companies, why get so involved in structure and meeting minutes? |
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6 Steps to Guarantee Your Business Success |
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Written by Rhiannon Williamson
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Many of us slave away for years for one uninspiring company after another and dream of the day when we can sack the boss and go it alone. If you’re contemplating starting your own business then I’m here cheering you on from the sidelines because the best decision I ever made was to walk away from my well paid but oh so frustratingly boring job and start my own business from scratch. |
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Preparing Your Business Plan |
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Written by Alan Olsen
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A business plan is a description of your business. To be complete your plan should describe: - Your company and industry
- The product
- The market and marketing approach
- How the product will be made
- Who is involved it) the company, and
- How much money the company needs and what it will do with it
You should consider that a well-prepared business plan plays two important roles. First, it is a useful management tool that can help you to plot a course for your company. Second, it is a sales tool that will impress venture capitalists with your planning ability and general competence as a manager. Other things being equal, a well prepared business plan will increase your chances of obtaining the venture capitalist's financial commitment. |
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