Business risk can be defined as uncertainties or unexpected events, which are beyond control. In simple words, we can say business risk means a chance of incurring losses or less profit than expected. These factors cannot be controlled by the businessmen and these can result in a decline in profit or can also lead to […]
risk
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.
8 Easy to Execute Strategies to Skyrocket Your Business Continuity Plan
Invoke your Business Continuity Plan Now! Execute Immediate actions you can take to ensure business continues. The coronavirus pandemic is broadly affecting businesses globally. Here are a few easy to execute strategies to skyrocket your business continuity plan.
3 Things To Do Financially Before Choosing to Be An Entrepreneur
Becoming an entrepreneur can be both exciting and nerve-wracking especially financially. You are finally on the road to fulfilling your dream, but you can feel like your safety net is gone especially with your finance. The first few years of running a business can be full of financial ups and downs. Before making the leap from […]
Why It’s Important to Protect a Companies Intangible Assets?
All companies have intangible assets. Often the intangible assets uncover the greatest value of a company. The intangible assets account for majority of the company’s value, and often even more than that. If you use them right, they can provide increased profitability in your company. It is important that you take care of your intangible […]
9 Things You Can Do to Beware of Frauds
Scammers are shameless and clever. They even take advantage of people struggling to earn an income through a business or job opportunity. Crooks use clever schemes to defraud millions of people every year. They often combine new technology with old tricks to get people to send money or give out personal information. Here are some practical […]
How to Avoid New Business Opportunity Scams
If you are looking for a new business opportunity, steer clear of any company or person claiming they can offer you a “guaranteed” or “risk-free” business opportunity. If someone is promising you that you are going to earn a lot of money, but they’re being vague about what you would do or how you would earn […]
What are Features and Objectives of a Business?
Business is an economic activity of production and distribution of goods and services. It is an economic activity corned with creation of utilities for the satisfaction of human wants. It provides a source of income to the society. Business results into generation of employment opportunities thereby leading to growth of the economy. It brings about […]