As a business owner, money is an important part! Not only do you need to pay your employees, cover all your costs, but of course you want to have some money for yourself too. Especially with sudden extra expenses, having enough money can be a big problem. Long term, the lack of money could even ruin the dream of having your own business; that’s why we want to share with you some tips and tricks on how to earn extra money for your business. Always expect extra expenses! Especially for someone who is just starting out with their business, money can be tight. There is no room for extra expenses! Unfortunately, emergencies can happen, or you suddenly have costs that you didn’t calculate into your budget, but what now? Just throw away your dream and all the invested resources? No, we have some essential and valuable tips and tricks for Continue reading
General Business Articles
How Creativity, Innovation, and Entrepreneurship are Related?
There is an important relationship between creativity, innovation and entrepreneurship. In fact, creativity is the ability to develop new ideas and to discover new ways of looking at problems and opportunities; innovation is the ability to apply creative solutions to those problems and opportunities in order to enhance people’s lives or to enrich society. Entrepreneurship is a result of a disciplined and systematic process of applying creativity and innovations to needs and opportunities in the marketplace. Innovation is the specific tool of entrepreneurs, the means by which they exploit change as an opportunity for a different business or a different service. All products or services are the combination of three factors: nature raw materials, labor (physical and mental) and capital. Entrepreneurs, as innovators, are people who create new combinations of these factors and then present to the market for assessment by consumers. Porter (1985) argues that, while successful businesses will Continue reading