The success of a business depends largely on its management. Therefore, every step towards employing or hiring a staff or any other member of the organization should be properly examined. Having a partner whose vision and mission do not align with that of your organization can be a “disaster” to your business. So many factors … Read more
The success of a business depends largely on the owner’s business acumen. Every business irrespective of the size requires a high degree of proficiency from the owner for it to be successful. Here, we will be looking at the characteristics of successful small business owners. Small businesses are businesses that are privately owned, with few … Read more
Is your business floppy, stagnant or fluctuating? Every business undergoes different stages, the attitude of the owner will either make it to grow or fall. Do not panic if you are facing challenges in your business but rather put yourself in the right frame of mind and look for solution(s). When you properly analyze why … Read more
Factors to consider when choosing a business location – Every business has its own approach. The factors that are good for business Type A may not be favourable to business Type B. Selecting a good location for a business is a great way to start. One of the things that you intend to achieve when … Read more
Meaning of Partnership – When you are talking about business organizations, the two popular types that comes to mind are sole proprietorship and partnership. Earlier in my article, I explained the meaning of Sole Proprietorship. Here, I am equally going to discuss partnership as a type of business organization. A Partnership is a type of … Read more
Business organizations can be classified based on various criteria. One of the major ways of classifying a business is based on ownership. Here, we are going to explain the meaning of a type of business organization known as sole proprietorship. A sole proprietorship is a one-man business. In this type of business, a single man … Read more