PRINCIPLES OF BUSINESS AND INVESTMENT

Most big companies the world over started small. The reason by which they were able to grow was because they were efficiently managed at a lower cost. In the same vein, most one-man businesses and small scale business owners worked from home when starting out. This makes sense as they as they were able to cut down cost while working from home. But time will come when the business begins to grow and working from home becomes a bit inconvenient and too small for your business as you increase your customer base. In this situation you will be thinking of moving out of your house into an external office. However as you try to rent an external office for your business you suddenly realize that to rent a nice and conducive office environment, you will have to spend a substantial amount. This can be a dilemma to many young business owners. What can one do in this case? This is where the idea of virtual office comes in. A virtual office allows you the opportunity of reducing office cost whil...

Internet Scams If you to make a living online, you need to take extra precaution. There are scammers online. These   internet scammers set up websites or systems on the internet for the purpose of deceiving unsuspecting people into making payments to them for a service or product they will not deliver. Base on my experience and the experience of others with these swindlers, I would like to share some ways by which you can identify them and avoid falling into their antics and losing your hard earned money. Pay to Do Jobs Sites There are some websites on the internet that go about telling and inviting people to their site for a job opportunity. They do this by enticing unsuspecting people with huge earnings and income that most of the times are just too good to be true. Now am not saying that any website that offer you a job is a scam, there are legitimate sites who offer you work online too. The only difference between the real ones and the fake ones is that the fake ...

Sowing in respect to Money investment It is a long established fact that for you to eat the fruit of your  labor   you must first sow seed of  labor   This principle which was more commonly synonymous with the farming community applies to all areas of human endeavor. It most importantly applies to business too. For you to make more money, you have to sow seed of money in the form of capital investment and harvest more money (business yield).  If all you do from the money you earn is just buy and buy, then you have labored to squander all your seed. In every salary or income you receive, there is seed for investment and money for expenses. It is difficult to get out the seed, but you must do it because that is your investment seed to a safe financial future. You Need Money to Make Money. You need to find money for investment , because the first step to making money is to get the money and put it to work in the form of investment. The search for m...

Finance Management More often than not, we really don’t have problems with how money comes into our hands when it comes to managing domestic economy (i.e. money needed to take care of the home). Some are good in management , but even when you have been able to manage your domestic expenditure and you have money left or when you have been able to develop a system that allows money to come your way consistently, you can still mismanage it. It is not having or getting money that is the issue, it is our ability to manage it in a way that this same money will would reproduce itself with or without your effort. This is an important factor in personal  finance development. Many of us just see money as a legal tender, something that you need to be able to buy or sell and that’s it. That is why what is left of money after this primary function has been performed is wasted. This is one of the biggest financial mistakes our parents made when I was a kid. We were a middle class and...

Albert Einstein ones said that the human mind's power to visualize and create new ideas is boundlesss.The mind is so owsome that its capacity to function as a thinking machine is probably the greatest wonder of the world. Our mental attitude plays a very big role in every activity we venture into. Be it business, sports or any other. It determines whether we succeed or not. The good thing is that we all have complete control of our minds. It all falls down on us to use it positively to our advantage. I use to be a very good table tennis ( ping pong ) player back in the day when I was in high school. I was the best in my neighborhood. I hardly loose a game. Always winning. In fact it came to a point where some of my friends started to recent me because I was almost unbeatable. These were the same guys who were making fun of me when I was still learning how to play from the beginning. So I loose some couple of games intentionally just to calm their nerves. I notice something very...

According to Investopedia Business is an organization or enterprising entity engaged in commercial, industrial or professional activities. A business can be a for-profit entity, such as a publicly-traded corporation, or a non-profit organization engaged in business activities, such as an agricultural cooperative. Its any commercial, industrial or professional activity undertaken by an individual or a group. The art of business started when man learn to organized himself into groups of settlements as far back in history right down through the industrial age. Basically an organized form of business started around the Renaissance period.Business as an art is a simple yet complex form of enterprise. Great deal of planning and organization is needed for a successful take off of business ventures. Unfortunately a lot of businesses today are failing at an alarming rate due to a combination of complex factors among which is the global economic-meldown experienced by many developed and devel...