4,99 €
Mehr erfahren.
- Herausgeber: BookRix
- Kategorie: Fachliteratur
- Sprache: Englisch
Are you ready to take the first step towards becoming a successful entrepreneur? "Entrepreneurship and Business: Things You Should Know (Questions and Answers)" by Rumi Michael Leigh is your go-to guide for understanding the essential principles of starting and growing a business. Whether you're new to the entrepreneurial world or looking to expand your business knowledge, this book provides practical, easy-to-understand insights that will help you on your journey to success.
What You'll Learn:
- Sole Proprietorship Essentials: Understand what it means to be a sole proprietor, including its benefits and potential risks.
- Business Registration Explained: Discover the importance of registering your business for legal and financial protection.
- Navigating Competition: Learn how to analyze both direct and indirect competitors to strengthen your business strategy.
- Funding Your Business: Explore various ways to finance your startup, including angel investors, venture capital, and equity crowdfunding.
- Decoding Financial Statements: Get clear explanations on important financial documents like cash flow and income statements.
- Revenue vs. Profit: Learn essential formulas and concepts related to revenue, profit, and overall business performance.
- Managing Assets and Liabilities: Discover how to effectively balance your assets and liabilities to ensure long-term financial stability.
- Clear and Simple Explanations: Complex business concepts are broken down into easy-to-follow questions and answers.
- Comprehensive Coverage: From business structures to financial management, this guide covers all the key elements of entrepreneurship.
- Practical and Actionable: Ideal for beginners and those looking to refresh their business knowledge with real-world applications.
Das E-Book können Sie in Legimi-Apps oder einer beliebigen App lesen, die das folgende Format unterstützen:
Veröffentlichungsjahr: 2024
ENTREPRENEURSHIP
AND
BUSINESS
THINGS YOU SHOULD KNOW
(QUESTIONS AND ANSWERS)
By Rumi Michael Leigh
Introduction
I would like to thank you for purchasing this book, "Entrepreneurship and business, things you should know (questions and answers)”.
This book will help you understand, revise, and have a good general knowledge and understanding of the basics of entrepreneurship.
I hope you enjoy it!
Table of Contents
Introduction
Part 1
Part 2
Part 3
Part 4
Part 5
Conclusion
Part 1
1.
What is a sole proprietorship?
A sole proprietorship is a business that is owned and run by one individual.
2.
Give examples of a sole proprietorship business.
Examples of a sole proprietorship business are plumbers, photographers, freelance writers, etc.
3.
Do you have to register your business as a sole proprietor?
No, you don't have to register your business as a sole proprietor.
4.
Why is it important to register a business?
Registering a business can provide legal and financial protection.
5.
Are there disadvantages as a sole proprietor of a business?
Yes, there are disadvantages as a sole proprietor of a business.
6.
What are the disadvantages as a sole proprietor of a business?
The disadvantages as a sole proprietor of a business are personal liability, difficulty in raising investment money because the sole proprietor can't share stocks or shares of the business. Banks consider it riskier to lend money to one person in a business.
7.
What is personal liability?
Personal liability means that the business money is not separate from the personal assets of sole proprietor and personal assets can be taken from the sole proprietor in a law suit.
8.
Give examples of personal assets.
Personal assets include money, house, etc.
9.
What are the advantages of a sole proprietorship business?
The advantages of a sole proprietorship business are that filing taxes is easy and business expenses could be tax write-offs.
10.
What are business expenses?
Business expenses are products bought to improve the business for example, a computer, an audio device, headphones, electronics for the business, and other materials, etc.
