The Humanity of Decision-Making: A Business Perspective…

Even with Big Data, Artificial Intelligence and Decision Support Systems, humans mostly need to make the final decisions regarding which business strategies they will pursue. As result of this, we can’t escape the humanity of decision-making in business environments.

Continue reading The Humanity of Decision-Making: A Business Perspective…

Please follow and like us:

Home-based business – Important Startup Strategies

There are millions of entrepreneurs that do their business from their homes. In fact, according to IncFile.com, home-based business was done by at least 38 million Americans during 2017.

Although the idea of doing business from your home sounds informal and casual, entrepreneurs should do the following suggests Casey Kelly-Barton in the HostGator Blog.

Continue reading Home-based business – Important Startup Strategies

Please follow and like us:

Borrowing Money from a Bank to Start your Business

Borrowing money from a bank to start your business is not an obvious option for prospective business owners. Unless you are well known, with a track record of starting and running successful businesses, no formal sources of capital are likely to invest in you in the early stages of your business 1.  Banks usually require an operating history to reduce their risk.

Continue reading Borrowing Money from a Bank to Start your Business

Please follow and like us:

Getting Money for Your Business – Other Individual Investors

Prospective business owners may approach other individual investors to get money for starting their businesses. A large number of private individuals invest in others’ entrepreneurial ventures. They are primarily people with moderate to significant business experience but may also be affluent professionals, such as lawyers and physicians 1.

Continue reading Getting Money for Your Business – Other Individual Investors

Please follow and like us:

Start your Business: Borrow Money from Friends and Relatives

If you don’t have enough funds for your start-up business, you may borrow money from friends and relatives. Interesting, however, although the majority of informal investors, family and friends, is often willing to supply funds at negative returns, most prospective business owners will only as a last resort consider borrowing money from them 1.

Continue reading Start your Business: Borrow Money from Friends and Relatives

Please follow and like us:

Using Personal Savings to Start Your Business

You, the aspiring entrepreneur, frequently have three sources of getting money to start your business: (1) personal savings, (2) friends and relatives, and (3) other individual investors. Using personal savings to start your business to start your business will now be discussed.

Continue reading Using Personal Savings to Start Your Business

Please follow and like us:

Bootstrapping – Starting a New Business with Your Own Money

One of the first and most important questions that most of us ask when considering to start our own business is where the money would come from? The answer for more than 80% of start-up businesses is bootstrapping. Indeed, according to Lahm Jr and Little Jr (2005), the overwhelming majority of entrepreneurial companies are financed through this highly creative process.

Continue reading Bootstrapping – Starting a New Business with Your Own Money

Please follow and like us:

Every Business Needs A Business Plan

Many small businesses start without a business plan. There is no vision (where do they want to be?); or mission (how will they get there?). Nor do they have any goals or strategies.

Continue reading Every Business Needs A Business Plan

Please follow and like us:

Choosing a Suitable Location for your Retail Store

Choosing a suitable location for your retail store is not an easy task. Indeed, making the wrong choice can be devastating for your business. “There is no ‘right or wrong’ answer when it comes to picking the perfect location. It actually depends upon the type of business you operate and what kinds of consumers you’re looking to attract” according to Portland Community College.

Continue reading Choosing a Suitable Location for your Retail Store

Please follow and like us:

Deciding on the Form of Ownership for your New Business

One of the first issues facing any entrepreneur who wants to launch a business is choosing a form of ownership. Indeed, this decision can have a tremendous impact on almost every aspect of the business. Therefore different forms of business ownership in South Africa are:

Continue reading Deciding on the Form of Ownership for your New Business

Please follow and like us: