Business Model Canvas

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Business Model Canvas is a planned management and start-up template for developing new or documenting existing business models. This is a visual chart with stages describing a firm’s or product’s value proposition and infrastructure. It also analyses the building blocks to starting a business including customers, the route to market, value proposition and finance. It helps keep firms committed to their aims and objectives. The stages on a business model canvas include; CUSTOMER SEGMENTS Who are the target customers? What are their likes and dislikes? What can they afford? The…

Top Business Books for Entrepreneurs in 2018

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TOP BUSINESS BOOKS FOR ENTREPRENEURS IN 2018 If you are looking for a cheap way to learn about businesses or improve on a particular aspect of your business, then a decent business book is your way. It might cost you as little as $15-$30 which is about the cost for a decent meal in a New York restaurant.  In today’s world filled with Distance e-Learning courses online, expensive training workshops and education programs, business books are indeed a good deal. Without further ado, here are the top business books for…

Business Trends to Look Out for in 2018

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The year 2018 is a year to refurbish and reorganize your strategies for your business. Align your goals with what’s trending to ensure you meet, or even possibly exceed, your expectations. From hiring to technological advances, here are some business trends you should keep in mind. Technology Invest in Artificial Intelligence. By 2020, artificial intelligence (AI) is projected to be a top five investment priority for CIOs, according to NFIB. Some businesses are already hopping on this trend, with 59 percent collecting the information they need to build an AI…

All There Is To Know About How to Outsource Parts of Your Business

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Most entrepreneurs, start-up businesses, small businesses find it cumbersome to hire people with the right skills to aid their company in various aspects. This situation has escalated and taken a turn for the worst, with respect to searching for an eligible person who offers their services at an affordable rate. Most businesses and companies believe that tasks such as preparing invoices, analyzing financial data, managing bank account operations, and preparing the financial statements of the company, should be performed inside the business. This then heightens the pressure and stress related…

What You Need To Know About the New Tax Bill and How It Benefits Small Businesses

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The new tax bill has garnered up a lot of attention since its public debut. The President Trump and Speaker Paul D. Ryan, won when the Republican bill was allowed to boost the economy of the United States. However, this bill was met with a lot of controversial analysis that pegged the bill as a hindrance to economic strife. The most interesting part of the creation of this bill is the fact that the Democrats in parliament did not support it. None of them voted for it. However, in the…

How to Build a Platform Company

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The current economic trend entails the disruption of major business segments by small start-up businesses. For example, Uber is a taxi company that has taken over the taxi business without owning even a single car. Additionally, Alibaba is slowly becoming the largest bazaar worldwide without having a single inventory in stock. This is what is known as the “platform” business model. This model takes advantage of technology to create a connection between people, resources and organizations in the ecosystem to exchange ideas, services, and goods. Numerous companies have joined their…

Items Home Businesses Should Write Off on their Taxes

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Home businesses needs to understand that when they are working from home there are a few taxes that they may easily avoid paying. One simply needs to have an understanding of the various write-offs that they are allowed to have deducted in their taxes and which will also save them money.You may end up saving more than they thought they are entitled to hence, be in a position to actually make sure that this happens. However, you need to be able to legitimately claim them, or they might end up…

Pre-Money vs. Post-Money Valuations

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When one decoded to enter into venture capital financing round, it is normally very essential for them to do the venture capital valuation of their company as it is very important since it determines the success or the failure of the round. Venture capital valuation of any company is most of the time a very tricky negotiation that is done between the company’s founders and potential investors. The figures generated are normally very important since the pre money valuation of any startup and the post money valuation of the startup…

Tax Benefits of Buying a Car for Your Business 

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When one has been able to purchase a car specifically for the purpose of business, then they need to understand that there are some benefits that they are allowed to be enjoying with regard to taxes. This is in line with when someone has been able to buy a new car for themselves and not an old car. One is normally allowed to remove a very big chuck of their entire cost of the vehicle within the first year that one has been able to use the vehicle only if…

Why You need YouTube in your Marketing Plan

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It is no joke that social media is growing rapidly as a marketing platform for businesses. This is not just true for big businesses either; small businesses are beginning to see the potential of a strong social media presence. The king of social media, Facebook, is beginning to be utilised by businesses worldwide and has become generally accepted as a good platform for engaging with your audience. I’m not saying that everyone is doing Facebook well; actually the opposite is true for 90% of businesses using it. At least, however,…