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 youâre 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 thatâs community-based. It helps to facilitate booking accommodation for travelers in private homes or other dwellings by allowing owners to list their space and earn rental money. For example, if you purchased one of the Colorado Springs homes for sale, you might use one of the bedrooms as a rental for Continue reading
Business Articles
Female or Women Entrepreneurship â 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. Women owned business are lightly increasing in the economics of almost all countries. The hidden entrepreneurial potential of women have gradually been changing with the growing sensitivity to Continue reading
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 ârightâ 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 personâs 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. The importance of ethics can be seen from the fact that many of what were considered as ethical behaviors in the past has developed into law today. For example, stealing is known as an unethical act and is against the law as it Continue reading
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. All together this group of individuals defines a corporate community in which day to day business is conducted and must be sustained in order for the company to survive. Similar to any other community, where there are conflicts of interests, Continue reading
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 youâre looking to boost productivity within your own accounts/finance department, consider the below tips thatâll 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. Some accountants have experience of working in other sectors, and theyâve more or less fallen on their feet in an accountancy role. Therefore, itâs imperative your accountants all have their qualifications to help the department flourish. Automate Fiddley Manual Processes Thereâs plenty you Continue reading
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. Under-capitalization is a common cause of business failure because companies run out of capital before they are able to generate positive cash flow. Entrepreneurs tend to be overly optimistic and often misjudge the financial requirements of going into business. Fourth one is weak marketing efforts that means Continue reading