Business Tutorial Media Resources

Question about business

How important are business ethics to a company and their success?
Discuss the ethical climate at a business that you are familiar with or one that you have researched. How have ethics affected this business? What does this business do to enforce ethical principles? What things could they do better?

How can we as individual employees influence the application of ethics are our businesses? Give your thoughts and ideas on this subject.

Many people are interested in working from home via the internet. However, these so available online business opportunities may be misleading. In fact, evidence suggests that as much as 95% of the business opportunities advertised on the internet are scams. But if you are careful and are keen to educate yourself about genuine opportunities, you can soon discover your niche in the market.

There is no shortage of Read more… »

Question about business

What is the best way to transfer my small business to my son?
I want to give my son my business without charging him any upfront money. I would like to pull a small income from the business each month as a retirement. I dont want a share in the business just a guaranteed payment each month. I have been in business since 1983 and have annual average revenue of $225,000. My son has been working with me now for the past 8 years and has shown great leadership skills.
I am concerned about things like tax ramifications of not handling this properly. Our business isnt incorporated instead it is a sole proprietorship. Would it be better to incorporate and retain a share of the business while giving my son the majority? Also I have a house for sale currently but it is pre foreslosure. I have a buyer lined up and we are in the midst of negotiating the home sale. If the house were to fully be foreclosed would this affect the business and perhaps even void the business sale?
Thank you for any honest advice.

If you are the owner of a business and you think it’s about time you retired or simply if you want to sell your business for personal or professional reasons, you are definitely going to need a business valuation and a good accountant. Selling a business, be it a small or a large one, is a big step and it should be done with the assistance of professionals.

For those of you who are not familiar with the terms Read more… »

Question about business

How important are business ethics to a company and their success?
Discuss the ethical climate at a business that you are familiar with or one that you have researched. How have ethics affected this business? What does this business do to enforce ethical principles? What things could they do better?

How can we as individual employees influence the application of ethics are our businesses? Give your thoughts and ideas on this subject.

Finance companies and banks demand a written business plan before putting up financial support to a new business. All medium and large companies inevitably prepare a financial budget for the coming year. That should tell everyone that not producing a written business plan is the first mistake everyone starting a new business might make.

Starting a new business without a proper business plan is akin to taking a Read more… »

Question about business

If I start a business where do I get the merchandise- if I wanted to start selling digital cameras?
I have taken some business courses but I don't really know where to go to get the merchandise, the type of business I wanted to start was a business selling digital cameras and equipment. Would I just have to contact the manufacture directly? Can anyone help me and give me suggestion on starting a retail business? Thank you .

It is becoming more and more popular to start your own home based business and women are going into business just as much as men. There is much to know about starting a home based business, and here there are five important things women should know before starting their business.

First you are going to want to speak with some business professionals. Here is a list of persons you will want to speak with to get y Read more… »

Question about business

Opening a business and wondering what types of expenses I can write off?
I am opening an online business for website design. (set up as a LLC, I'm the sole owner) Should I start keeping receipts of all business related expenses? Or would my business qualify as a hobby if I don't make a certain amount of money in the year that I'm filing.

What types of things can I write off onto my business? (dinners, gasoline, etc.) Do I need a seperate business credit card/bank account for the expenses?

Do I have to accept payments towards the business's services through a corporate account, or can they make the check/payment directly to me?

Article

Business from Scratch

(By:- Mr. Azfar A Khan)

Most of us sometimes feel that we should have a business of our own and be our own boss but we are shy to jump in the business arena due to some unknown fear. In this indecisiveness, we keep thinking for years and years together and can’t make up our mind one way or the other, thus wasting a lot o Read more… »