Management

General management of small business and startups.

Sole Proprietorship business structure

Business Structure – Sole Proprietorship

One of the most important step in starting a new business is the decision to choose the right legal and business structure. Considering the planned sources of capital and number of owners, you have to choose the right structure for your business. The common business structure includes sole proprietorship, partnership and companies. It is important to note that

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how to set product price

How to Set Product Price for Small Business

Product price is one of the four Ps of the marketing mix, along with product, promotion, and place. Whiles product, promotion, and place are all cost activities to the firm, the price is the only component that generates revenue. However, the determination of product price is influenced by these other components. Other factors that influence product price includes

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business growth

6 Habits that Affects Small Business Growth

Like the general saying, it is easier to fail in business than to succeed. This means that small business owners should also look out for habit or actions that affects their business growth. There are so many reasons why many small business are not growing as expected. However, we are discussing six key business owner habits that affects business growth. They are

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Components of Market Research for Small Business

Market research involves gathering of information about the potential buyers, sellers and competitors. It is one of the critical steps before anyone should start a new business. Successful entrepreneurs does not decide the possible profitability of a business venture based on their feeling or guess work alone.  They perform some market research to allow them assume potential difficulties

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