Company Finance

Tips for Being a Successful Entrepreneur in Your Youth

Tips for Being a Successful Entrepreneur in Your Youth

Today, many youths in America have passion, desire and creativity to take the world by storm and bring in new innovations. This simply explains why you can find many of them being entrepreneurs in different fields and aspects of life. However, owing to their lack of experiences and indestructible naivety attitudes, lots of these young businessmen and women are victims of business failures and debacles today.

This is a great challenge but the good news is that there is a solution for it. You can wade through the liabilities and overcome them in order to successfully launch your business and also ensure that you make huge success even until your retirement. How do you achieve these purposes? Below are some takes on achieving it.  (more…)

How to Find Perfect Business Partner & Angel Investor

How to Find Perfect Business Partner & Angel Investor

Just like romantic relationship, business partnership is tricky and has high chances of failure. However, when the relationship between the two business partners is healthy, greater and faster success can be easily achieved than what a single person would be able to do.

In just four years, we have achieved unprecedented successes and achieved great milestones in my audio-equipment company, OrigAudio. The reason for lots of these successes is the business partnership existing between my business partner, Mike Szymczak and I.

You need to know how best to choose a partner that would help in driving your business to a greater pedestal and level of functionality and not sinking it faster than ever. Below are some of the tips you should consider to take your business to the next dimension. (more…)

There is High Price Tag to Successful Startups

There is High Price Tag to Successful Startups

Most times, the normal challenges to starting a business which might include setting up a good plan, locating the right opportunity and financing the enterprise, are not the only things you will be faced with as a new entrepreneur. There are lots of potential disasters tagged alongside with businesses and most times you may not even be able to avoid these disasters irrespective of your smart approaches.  (more…)

What You Should Know About Tax

What You Should Know About Tax

Taxes are seen as one of the most constant evils we encounter in our lives. If it is possible for many people, they will do without it but it is a necessity when cannot do without. More so, it is one of the most misconstrued concepts. However, if you learn the tips and how it works, you will realize that the processes are not as difficult as most people think. Do you have some puzzling questions about taxes, below are some of the answers and tips that might help you.  (more…)

Tips on Enforcing a Noncompete Agreement

Tips on Enforcing a Noncompete Agreement

Employers are often apt in protecting their businesses from employees who would want to take undue advantage of them or those who come to spy out information from them and use it to their own benefits and to the employer’s demerit.

Most employers require employees to sign “noncompete” and “nonsolicitation” covenants as a measure of checkmating this danger. The employee agrees in the covenant not to be involved in similar business or one competing with the company within a stated geographic region in a defined period of time after leaving the job. (more…)

How to Survive Bankruptcy

How to Survive Bankruptcy

I declared personal bankruptcy in 2002. I was advised by my lawyer that the only way I could get out of the $80,000 lien on my personal bank account was to declare a bankruptcy. I got into the debt because of the infidelity of a former business partner and my own ignorance and blind trust. He might be defaulted his own part of the credit and the entire burden of the loan fell on me. This occurred because I did not read through the papers years earlier when he handed the agreement over to me to sign because I trusted his judgment.

I suffered lots of shame and humiliation for declaring bankruptcy. Although I tried my best to forget about the entire situation but this proved difficult especially when I have something to do with the bank. Robin Hardy of The Moosey Group Inc described it correctly. She said the main emotion felt at such point in time is failure. The feeling of failure comes from the way the creditors would treat you in such condition. They will make you feel like a failure, a looser and a nonentity.  (more…)