Written by kccadmin
We’ve all heard the far-reaching claims many of the network marketing “gurus” from companies like Herbalife, Nu Skin, Avon and others have made—largely about earning potential—over the years. “Become a Millionaire!” “Make Money 24 Hours a Day” “Instant Success!” The headlines are certainly enticing, but does network marketing really work? And if so, for whom […]
Written by kccadmin
Business insurance coverage protects businesses from losses due to events that may occur during the normal course of business. There are many types of insurance for businesses including coverage for property damage, legal liability and employee-related risks. Companies evaluate their insurance needs based on potential risks, which can vary depending on the type of environment in which the […]
Written by kccadmin
Retail businesses are all about working their cash, keeping their customers and getting the most out of their suppliers. To do this, they will take the largest possible profit margin from the product, while doing as little work as possible. A retailer is a bit like having a salesman who demands the highest bonuses and the […]
Written by kccadmin
Every year, the grass on the other side of the fence looks greener to many entrepreneurs, and a change of place looks like the most promising path to growth. So they pull up stakes and move to a new place, where they hope to find better odds for business success than they had in their […]
Written by kccadmin
Unless you’ve been living under a rock, you’ve probably heard about the entrepreneur who famously got a $2 million investment after showing a presentation about nothing. Now, the same entrepreneur, Itay Adam, has created a new model for investors that builds on the ideas he used to secure funding. The gist of it is to invest in […]
Written by kccadmin
Perhaps you’ve got a keen mind for inventing–but not much of a head for business. Or maybe you’re good at both, but you’d rather focus your time on developing ideas rather than launching a full-scale business. Fortunately, there’s an option that suits your needs perfectly: licensing your invention idea. Licensing is simply the process of […]
Written by kccadmin
Every organization abides by a set of values and beliefs, which prompts the culture within the organization. This organizational culture can be seen as the way in which its members relate to each other, their work, and the outside world in comparison to other organizations. An overwhelming 84% of participants in the Global Culture & Change […]
Written by kccadmin
A code of ethics is a collection of principles and practices that a business believes in and aims to live by. A code of business ethics usually doesn’t stand alone, it works in conjunction with a company’s mission statement and more specific policies about conduct to give employees, partners, vendors, and outsiders an idea of […]
Written by kccadmin
Financial risk is the possibility that shareholders or other financial stakeholders will lose money when they invest in a company that has debt if the company’s cash flow proves inadequate to meet its financial obligations. When a company uses debt financing, its creditors are repaid before shareholders if the company becomes insolvent. Financial risk also refers to the […]
Written by kccadmin
Business risk originates from many different areas—internal to the business and from external sources. The best ways for a business to manage risk is to evaluate risk factors and make contingency plans on how to deal with the risk when and if it presents itself. Planning for these risks is the main them of managing […]
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