What is Accounting?

Many business owners don’t know what is accounting used for. Accountancy or accounting is the production and transmission of information about a company, such as financial statements and economic resources. There are two main areas, management accounting and financial accounting.


What is an Entrepreneur?

Nowadays, having a great explanation to everything is able to convince your psychic to do many things, as well as putting you up to work. In case you ever wondered what is an entrepreneur, you are about to get the best understanding of it! Keep an eye on the following lines to find out more!


How to Become an Entrepreneur in 5 Steps

If you want to learn how to become an entrepreneur, the first step you need to to is come up with a great idea for your business. Do some research so you find out if people are interested in your product and proceed by creating a business plan. The next step is to get financed. Meet others entrepreneurs so you learn the way they think.


Business Model vs. Strategy

When considering the business model vs. strategy dilemma you need to remember that although these concepts may seem similar they are quite different. A model is focused on how to make money by bringing value to a client. On the other hand a strategy aims to find ways to deal with the competition.


How to Get Free Advertising

If your company isn’t going so well or you just started a new business, free advertising is a great way to make yourself visible. If you don’t know how to get free advertising, start with conventional methods and contact local newspapers and radio stations. Online advertising is very efficient and a simple phone call can make people feel important.


Definition of Management

A definition of management is given by Mary Parker Follet, one of the first women to address management issues. She describes the concept as the art of getting things done through people. A similar definition is given by Harold Koontz, while Henry Fayol considers that to manage means to plan, forecast, coordinate, control, organize and command.


How To Get Small Business Funding

All funding solutions come with certain conditions. However relinquishing some control on the business is a lot better than agreeing with some giant interests. When considering how to get small business funding you should contact the Small Business Administration as they provide a lot of support for any type of small business.


How To Address A Business Letter

When learning how to address a business letter you should do some research on the recipient. Call the targeted company and speak with the human resources department in order to find out the name of the decision maker that you need to contact as well as his marital status and hierarchical title. Men, women, doctors and church representatives need to be addressed in different manners.


How To Write A Business Letter

When learning how to write a business letter give extra attention to the content. It should be organized in 3 concise paragraphed. Furthermore pay extra attention to the salutation formulas that you use. This basic letter structure can be used in any type of business letter. If you plan to enclose additional documents make sure to list them at the bottom of the letter.


Business Presentation

There are many things you need to take into consideration, when preparing a good business presentation; among the most important such aspects, we need to mention that it is essential to have a laptop at your disposal, where you can store your business plan and other important documents which you will need to present in front of your clients.

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