Business Articles

The Best Business Models for VC Pitches

According to PitchBook, there was more venture capital invested in the first six months of 2018 in the United States than any other six-month period in recent history.

If you’re looking to raise funding from venture capitalists (VCs) for your startup, the first step is to create a pitch deck, which is a brief presentation providing investors with an overview of your business. Those who are trying to come up with the best idea for a startup funded by VCs, may want to consider which business models have been the most successful.

Airbnb

Airbnb is a two-sided online platform that’s community-based.… Read the rest

Abey Francis

Female or Women Entrepreneurship – Definition, Advantages and Disadvantages

Women constitute around half of the total world population. They are therefore regarded as the better half of the society. In traditional societies, they were confined to the four walls of houses performing household activities. In modern societies they have come out of the four walls to participate in all sorts of activities. The global evidences prove that women have been performing exceedingly well in different spheres of activities like academics, politics, administration, social work and so on. Now they have started plunging into industry also and running their enterprises successfully.

Although small businesses owned by women have traditionally focused on fashion, food and other services sector, but recently women entrepreneurs have been moving rapidly into manufacturing, construction and other industrial filed.… Read the rest

Abey Francis

Importance of Ethics in Business Management Practice

To put in simple words, ethics is the principle of moral values which helps you to take actions that are considered as the right thing to do. However, doing what is ‘right’ is not that straightforward. Since everyone has different backgrounds and cultures, we therefore possess different conceptions and perceptions. This causes complication in the process of understanding the meaning of ethics as each person’s point of view on what is ethical varies significantly.

Ethics is not a set of rules that should be followed inevitably but is a guideline to lead you to behave with integrity. It includes values such as equity, responsibility, honesty, and fairness.… Read the rest

Abey Francis

The Importance of Corporate Governance in Business

Corporate Governance can be defined as the organizational structure of a company. It encompasses the overall processes, operations and policies by which a company is controlled and functions. Corporate governance is most often viewed as both the structure and the relationships which determine corporate direction and performance.

Within the governing body of a corporation there are various stakeholders. Stakeholders are individuals which are of great importance to the company because they contribute directly or indirectly to its economic activity. Stakeholders retain different degrees of importance within an organization depending on their title or function which are some of the following: shareholders, the board of directors, employees, customers, creditors and suppliers.… Read the rest

Abey Francis

How to Boost Productivity In Your Accounts Department

Boosting productivity within the accounts department is no easy feat. After all, such departments are usually pretty relaxed environments and not many accountants have loads of pressure to deal with, apart from in tax season. With that said, accountants still work hard and get their work done, but they can still do more. If you’re looking to boost productivity within your own accounts/finance department, consider the below tips that’ll help you do just that.

Proper Training Is Key

Accountants with a masters in accounting (online MACC) always have the knowledge and experience to propel businesses to the top, but not all accountants have gone down that route.… Read the rest

Abey Francis

The Other Side of Entrepreneurship

People who have opposite opinions against entrepreneurship point out ten potential risks. First is management mistake that is the primary cause of business failure. Sometimes the owner of a small business lacks the leadership ability, sound judgment, and knowledge necessary to make the business work. Second is lack of business experience which indicates that most entrepreneurs tend to be beginners to be easy to make management mistakes in their own businesses.

Third one is poor financial control. Effective managers realize that any successful business venture requires proper financial control. Business success also requires having a sufficient amount of capital on hand at start-up.… Read the rest

Abey Francis