Business is the action of earning a living or making money by manufacturing, purchasing, and selling items. It is also “any profit-making activity or enterprise.”
Having a business name does not remove the business entity from the owner, which means that the owner is responsible and liable for the business’s debts. If the company have debts, creditors may seize the owner’s personal belongings. Corporate tax rates are not permitted in a firm structure. The proprietor is directly taxed on all business income.
The phrase is also commonly used informally to refer to a firm (but not by lawyers or governmental officials). A company, on the other hand, is a separate legal entity with restricted responsibility and corporate tax rates. A corporate structure is more complicated and costly to set up, but it provides greater security and benefits to the owner.
“Think and Grow Rich” by Napoleon Hill is a timeless classic that has influenced millions of readers worldwide with its powerful principles on wealth and success. The book, based on Hill’s study of more than 500 self-made millionaires, outlines a step-by-step formula for personal achievement. Here is a comprehensive summary of the key principles and … Read more
Written by Aaron Ross, Jason Lemkin “From Impossible to Inevitable: How SaaS and Other Hyper-Growth Companies Create Predictable Revenue” is published in 2016. The book offers valuable insights, strategies, and best practices for achieving predictable revenue growth. The authors who use their own experiences and interviews with successful businesses to offer actionable advice and practical concepts. … Read more
The Total Money Makeover written by Dave Ramsey, is a book for personal finance that offers a practical and motivating plan for achieving financial freedom. The book is based on Ramsey’s a personal “Baby Steps” method, which involves seven steps to financial stability. The steps include : building an emergency fund paying off debts using … Read more
Are you worried about failure? – Well, if you have all the necessary tools, you shouldn’t be. “Too Big to Fail” is written for specialists and includes a step-by-step manual and analyses of how Paulson, Geithner, Dimon, and Fuld navigated the 2008 financial collapse. Who Should Read “Too Big to Fail”? For those seeking to … Read more
The book Psychology of Money is written by the former financial journalist Morgan Housel. He explores why your psychology or your behaviours of money is important than your math skills. Have you heard the story about Ronald Reid, the janitor that had $8 million in savings when he died in 2014? He didn’t win the … Read more
When professors Renée Mauborgne and W. Chan Kim published Blue Ocean Strategy in 2005, it transformed the subject of business strategy. While strategy fads come and go, Mauborgne and Kim’s groundbreaking research remains highly relevant more than a decade after its initial publication. Mauborgne summarises an important aspect of his original theory in this brief vignette: … Read more
Strategy is useless without an efficient method of execution, no matter how wonderful it looks on PowerPoint. FranklinCovey consultants Chris McChesney, Sean Covey, and Jim Huling provide managers a process for achieving “wildly important goals.” They provide a simple yet efficient 4 Disciplines of Execution formula, from goal setting to implementation and accountability. Although the … Read more
In most industries, 20% of companies – those with well-developed corporate strategies – generate 80% of earnings. So the author Brian Tracy outlines the business strategy and why it is so important. He defines its components, explains what strategy entails, and explains how businesses can construct complete strategies to attain their objectives. He also presents … Read more
You’ve worked hard, made sacrifices, and dedicated yourself to your profession. You are now enjoying your achievement, feeling confident and, yes, a little smug. Don’t become too at ease. Marshall Goldsmith, a leadership specialist, is here to remind you that the qualities that propelled you to success may also be your undoing. Your behavioural idiosyncrasies … Read more
You may feel that the modern environment of dynamic change tests your ability to adapt and let alone grow. A world in flux requires a fundamental change, one that accepts constant change as the new normal. April Rinne challenges you to find your superpower: eight counterintuitive, yet well-supported practices that will help you rethink your relationship with … Read more