Business Management
Understand basic business terms (3)- book keeping
June 7, 2016The aim of every business is to make profit, Accounting is therefore the soul of every business.Though it can be very difficult to handle accounting in your business, it is however important to tidy your business accounts regularly and understand the basic terms and elements of accounting within your business even if it is being […]
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Define your business (5) – Customer relationships
June 7, 2016photo credit : www.crownbiz.com The define your business workshop is aimed at enabling you put together a model for your business. This workshop is captured in a series of posts ,to catch up find Links to previous posts at the end of this one.Understanding your customers journey to you is important,to do this you must […]
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Partnerships in business (3) – habits to practise in partnership
June 1, 2016photo credit : www.ask.com 4 Habits to practise in partnership 1) Effective Communication with partner(s) 2) Proper documentation of business activities 3) Involvement in business 4)Proper book keeping and tax declaration within business to read partnership in business (1) and (2) use the links below – https://biznessvirgins.blogspot.com.ng/2016/06/partnerships-in-business-1.html– https://biznessvirgins.blogspot.com.ng/2016/06/partnerships-in-business-2-what-to-look.html
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Partnerships in business (2) – What to consider when going into a business partnership
June 1, 2016photo credit: www.ask.com Below are a few things to consider when going into business partnerships 1)it is important to do a proper background check on your intended partner, it does not have to be exactly formal but it should be thorough. 2) Approach to business: it will be good to know how your partner(s) might […]
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Partnerships in business (1)
June 1, 2016photo credit: www.ask.com According to US small business administration; a partnership is a single business where two or more people share ownership. There are 2 basic forms of partnership in business 1) General partnership- in this form of partnership,each partner involved is liable for any debt incurred in the course of the business. 2) Limited […]
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The basics of franchising
June 1, 2016photo credit: eknme.me Franchising involves purchasing a legal license to use a trademark or business concept. The party that obtains the license is called a franchisee; with the license, the franchisee is basically able to run the same business as other business that run with under the same business name. The company that owns the […]
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Define your business (4) – Channels
May 27, 2016photo credit: www,customerparadigm.com Channels are the routes through which you tell your audience about your value proposition,sell to them and offer post sales service, they show the journey of your customers to you and you to your customers. Channels are vehicles you use to communicate the essence (value proposition) of your business to your market […]
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Business tool (2)
May 25, 2016As a business in its early stage of growth, it is important to take advantage of the many business tools available online, it is free to access basic functions on most of these tools however they have upgraded versions you might have to pay for access. As a matter of importance, it is up to […]
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Understand basic business terms (2)
May 24, 2016photo credit : www.smallbiznesstrends.com 1) Intellectual property: this refers to those things which the human mind creates or makes by application and use of his intellect or creative genius. Intellectual property are protected by law in forms such as trademark/servicemark, copyright, patent, designs, rights e.t.c , this enables businesses benefit from what they invent or […]
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DEFINE YOUR BUSINESS (3)- Value proposition….
May 16, 2016photo credit : blog.kaseya.com When developing a business model, after creating customer segments within your business ; the next step is to identify what your customers perceive as value ( Value proposition). List the needs/problems you have identified and are fulfilling in the personas created in your customer segments(refer to http://biznessvirgins.blogspot.com.ng/2016/05/business-workshop-define-your-business.html ) What is unique […]
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