The successful entrepreneur must overcome his fears. It is often wrongly thought that the essential quality of self-employment is courage. Courage, of course, but it’s not just a matter of courage. Do you think that a successful entrepreneur never knows fear? They most certainly do. As human beings, we are naturally conditioned by fear. We…
Business Infrastructure and its Components
A business infrastructure is a plan or a map that can be used to start, run, and manage a business. This plan consists of day to day operations, processes, and employees. The components of a business infrastructure should be formed and examined independently. The plan should act as separate resource through which the business is…
Important Financial statements for businesses
Every business must be well informed for it to survive the competitive environment they operate in. One of the significant competencies they must have is developing and understanding vital financial statements. These are important reports for the businesses to ensure they can withstand competition in the market. Importance of financial statements Any business running without…