Entering into a joint ventures is a major decision. When two businesses agree to join together for a common purpose and mutual benefit, it gives rise to a joint venture. Join ventures can be created by two or more parties; generally characterized by shared ownership, shared returns and risks, and shared governance in a business.
Business
7 Factors to Consider Before Choosing the Business Organization: Proprietorship vs Partnership vs Limited Company
After studying sole proprietorship, partnership, limited company forms of business organizations; it is evident that each form has certain advantages as well as disadvantages. The important factors to consider before starting a business is to choose the business organization.
Why Choose Sole Proprietorship as Your Business Organization?
Despite limitations of size and resources, many people continue to prefer sole proprietorship over other forms of business organization. Sole proprietorship refers to a form of business organization which is owned, managed and controlled by an individual who bears all risks and receives all profits.
What Factors Are Important to Be Considered While Starting a Business?
You’re an entrepreneur who is excited about starting a business. But, there are many steps to successfully starting a business. It can even be overwhelming when you’re trying to figure out what to do first. Here’s a guide to help you get started.
Why Does Business Need Multiple Objective?
As per modern thinking, business needs to have multiple objectives. For instance, primary objective of business is generally believed to be profit earning. However, consistent and sustainable profit can be earned only if the business is performing useful services to the society. Following only one objective cannot lead business towards excellence.
7 Basic Characteristics of Business We Should Always Remember
Characteristics of Business refers to activity in which a business regularly trades with an objective of earning profit. The activity may consist of production or purchase of goods for sale; or exchange of goods or supply of services to satisfy the needs of other people in the society.
How to Overcome Limitations in Doing Business Virtually?
Doing Business Virtually has its own limitations. The digital world has both decreased and increased the business limitations of how a company does business. Due to the pandemic and sudden lockdown situation, many businesses are facing limitations in doing business virtually. Learn how to overcome limitations of virtual mode of doing business.
How to Accelerate Your Business Opportunities with Survey?
Discovering new business opportunities can be very challenging! Especially without quality market research. It is never a good idea to enter a new business before doing research. Fortunately, surveys can help provide market research that is coming directly from customers. If you ask your customers the right questions, analyzing their results can help you discover new business opportunities […]
How to Impress as a Business in a Digital World?
Doing business in a digital world is the new normal after the pandemic has changed the business world forever. From MSMEs to MNCs are now running the company in a virtual environment. Without face-to-face interaction, building a business can feel daunting. But there are ways to navigate this minefield, and doing so will give your […]
5 Ways to Manage Health & Safety for Remote Working Employees
While some employees may return to office working post-pandemic, but most of them will be remote working employees. We need to understand now how we can maintain, health and safety of our employees when most of our working remotely.