Company mission, vision, values

Mission statement vs. vision statement

 

Even if prices are raised and there are more affordable alternatives on the market, we will often continue to buy products from the same brand. The reason for this is the same as explaining why we always choose to fly with the same airline or get our coffee from the same place:...

 

What is a small business?

Small businesses, explained

 

According to the US Small Business Association (SBA), a small business is a privately-owned and operated business with a small scale of trade and a small number of employees, depending on the industry. A small business can be an LLC, partnership, or sole proprietorship. There are...

 

Establishing a limited partnership: liability, costs, and more

A limited partnership is an attractive business model for people looking to start a commercial sector enterprise. It enables shareholders to reap the successes of a business without having to participate in management. Under what circumstances can a limited partnership actually be formed? What should future shareholders bear in mind when setting up a limited partnership?

Mission statement vs. vision statement

Even if prices are raised and there are more affordable alternatives on the market, we will often continue to buy products from the same brand. The reason for this is the same as explaining why we always choose to fly with the same airline or get our coffee from the same place: we share the company’s values. These values are formed on the basis of the company vision and mission statement. But what...

Writing a business plan: here’s how to plan your venture

Before a business idea can be implemented, it is necessary to create a business plan. This serves as the founder’s roadmap, and summarizes all necessary information about planning and finances. However, the business plan is also highly relevant for investors as well as potential financial and funding institutions, since it is a decision-making factor for loans and grants. Due to its importance and...

Setting up an online store: tips for creating your business

A business plan is an essential tool for every entrepreneur seeking to kick off a budding project. This not only applies to brick-and-mortar companies, but also to web stores. This is where entrepreneurs can really get to the heart of their business concept, outlining all the crucial elements: from marketing strategies to the company’s staff structure. Providing a projection of the company’s...

Setting up a general partnership: The path to a partnership-based business

If two or more partners want to start a business together, one of the simplest options is starting a general partnership. This business structure grants equal rights to all participants, but also imposes some serious obligations – namely, since a general partnership is a partnership, this means that the partners have to stand up for the company’s liabilities with all their assets. You should...

General partnerships: freedom and risks for merchants

Trying to start a business with limited capital? The general partnership can make it happen. The general partnership structure is a good opportunity for company founders to bring their business dreams to life by finally starting their company. According to the definition, general partners share everything: the management, profits, and losses. What exactly is a general partnership, and when is it...

The patent: protecting valuable ideas

Humans are always producing inventions in the hope of making life easier. If you invent something new, you can apply for a patent. Patent laws are there to protect the inventor’s work since the patent is by definition a property right. But what exactly is a patent, what is its history, and how do you file one?

Small business regulations and schemes –hints and tips

Starting something is often the hardest step, even if it is exciting. This applies to businesses as well, and as anyone with a background in small businesses or start-ups will know, you often need all the help you can get. By being tax-savvy, you may be able to provide your business with a leg-up in the beginning phases, by knowing what is tax deductible and what the available small business...

Small businesses, explained

According to the US Small Business Association (SBA), a small business is a privately-owned and operated business with a small scale of trade and a small number of employees, depending on the industry. A small business can be an LLC, partnership, or sole proprietorship. There are many pros and cons to running a small business, and in this article we will be your guide and answer your questions.

What is a limited partnership?

When two or more people join together to operate a business, they often choose a limited partnership as their legal structure. While it is fairly simple process to start a limited partnership, provisions regarding liability can sometimes pose major challenges to shareholders. Whoever enters into a limited partnership doesn’t just take over a part of the management duties, they also become...

Get Started

Starting a business can be challenging. In this category, prospective entrepreneurs will find everything from coming up with a sustainable idea and creating a strong business plan, to funding, legalities, and the key steps required to get a project off the ground.