Home Based Business E-library: Income Shop on Home Business Information: Income Shop You also can get your own incomeshop and earn FAT income monthly for $100 only click here for details Many factors th...
Sunday, January 19, 2014
Friday, March 23, 2012
TYPES OF BUSINESS
Money is an important factor that can determine the type of business you can engage yourself. Money, funds or capital is used for acquiring assets, expanding existing business, setting up a new business and for daily operation of the business. Money is necessary for acquiring the required manpower skill, and paying staff motivating salaries and wages. Money is indispensable for marketing- promotion and advertisement. You need to know how to raise money for your business to succeed. Most business fails due to lack of good strategies to raise money to continue to finance such business. To raise capital for your own business, you must determine the type of business you want. The type of business you want will now determine whether you need to raise one hundred thousand dollar or five million dollar or more.
You can carry out your business as an individual that engages in one-man business or you can render professional services. You can decide that instead of being the sole owner, you want to be in partnership with other people because of many reasons
You can therefore decide to go into a self-reliant business as:
- A professional in your chosen field or a one man internet business man
- A producer or manufacturer
- A marketer, promoter and advertiser
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