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What are we all about

The website’s primary aim is to inform people of the business tips and tricks to employ. We try as much as possible to provide informative content which may help people. The business tricks and tips will enable one to know how to act or manage a business to be successful. Sometimes all people need is to provide some tips and see if they can emerge at the top if they try them out.

In addition, the business tricks and tips make people know what they should do in every step of their business and motivate them.

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Latest Posts

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Is It Safe To Drive In Asia

There is no doubt that you are here looking for safety precautions while driving in Asia. Consequently, you might be planning for your next vacation in Asia. Either way, you are in the right destination. We shall leave you enlightened about driving in Asia, and what you need to know. Typically, it can be a […]

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What Do You Wear For Workout Clothes

When picking out clothing for the workout it is important to find pieces that are comfortable and will not restrict movement. These some of types of what type of clothing you can wear for working out. Wicking Wicking fabric will draw the sweat away from your body and will allow your skin to breathe. This […]

morning-exercise

5 Easy Ways To Be More Active At Work

Most jobs require people to sit down behind a dest and work. This may be quite boring as there is monotony in the day to day activities. People may end up becoming bored and leads to low work productivity. Continuous monotony in work as people are not active is not something every organization wishes for […]

Three types of business company

A service business is a commercial enterprise that offers services to the customers with the aim of benefitting. There is the provision of intangible products such as cleaning, banking, education, insurance, treatment, etc. Those who provide the services are trained such that they offer quality services to the customers.

Service business

A service business is a commercial enterprise that offers services to the customers with the aim of benefitting. There is the provision of intangible products such as cleaning, banking, education, insurance, treatment, etc. Those who provide the services are trained such that they offer quality services to the customers.
Merchandising business are usually referred to as the buy and sell business. They purchase products at a wholesale price and later sell at a retail price. They make a profit by selling at higher rates than the ones they bought. It does not involve itself with changing the product form. Examples include distributors, grocery stores, etc.

Merchandising business

Merchandising business are usually referred to as the buy and sell business. They purchase products at a wholesale price and later sell at a retail price. They make a profit by selling at higher rates than the ones they bought. It does not involve itself with changing the product form. Examples include distributors, grocery stores, etc.
Manufacturing business buy products with the aim of making a new product. Hence, there is a change of form of the bought product. There is involvement of raw materials, labor and factory to make the final product. After the whole process, the manufactured product will be sold to the customers hence making a profit.

Manufacturing business

Manufacturing business buy products with the aim of making a new product. Hence, there is a change of form of the bought product. There is involvement of raw materials, labor and factory to make the final product. After the whole process, the manufactured product will be sold to the customers hence making a profit.

6 best business company models in 2018

1. Sole proprietorship

The sole proprietorship is the most straightforward structure which only involves one individual who owns and operates the business. If you want to run on your own or as a married couple, then this is the business to consider. You are likely to enjoy its flexibility in management, less legal follow up, and fewer taxation. However, the owner is responsible for the business debts.

2. Partnership

There are two types of partnership general and limited

3. General partnership

For the general partnership, the partners make contributions of money, labor, or skills to the company. They all share the company’s profit, loses, and management. In addition, each partner is liable to the business debts. In most cases, terms of the business are in a written partnership agreement.

4. Limited partnership

Limited partnership, on the other hand, involves both the general and limited partners. Limited partners do not control the day to day business activities but are investors and not accountable to the liabilities. Their losses are limited depending on their investment, but they share the profits equally.


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5. Corporation

A corporation has certain advantages compared to those of an individual. Shares of stock represent ownership and the shareholders who are the owners enjoy limited liability but are rarely included in the company’s operations. The board of directors, who are elected by the owners control the corporation activities.

6. Limited liability company or LLC

It has features of a partnership and corporation. One individual or many owners may form it. Members are the name given to the owners of LLC. The members are not accountable to the business debts just like limited shareholders. They can decide to run the business as managers or elect a manager.

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