Category: Entrepreneur School
We found an interesting speech, in which you can learn some more about the importance of taking action. It is the commencement speech of actor Bradley Whitford, held in 2004 in the University of Wisconsin. It’s a little longer reading, but it’s worth every second you spend on it. Taking action here is the sixth point of his rules for success, but not the sixth by importance. Here you can take advantage of some other and really inspirational thoughts, too. The Commencement Speech Of Bradley Whitford At The University of Wisconsin in 2004 It’s great to be back in my...
Sometimes in our lives, we need to write a formal letter for something. Once I had to send such a letter and I realized, that I don’t know how to structure it! And that was bad because I had to quickly write it, but I couldn’t find the appropriate information about how to do it! A friend of mine helped me with this situation, and I did well. And now I am creating this post, and I hope it will be helpful for people in a similar situation to mine. Some Basics Here are some simple steps, that will help...
I bet that everybody has heard about business models and even many use these words. Many think of them as beautiful sweeties dressed in suits (okay, probably I just do…), others think about handsome guys in suits 🙂 … But most probably very few of you fully understand the real meaning… So, here you will have the chance to go through a simple explanation answering the question: “What is a business model?“. Let’s start with a Definition As I promised to give you a very simple explanation, I would not go through the details here. I want to write a...
Starting a brand new company is not an easy thing to do in most cases. Actually, it’s really tough and exhausting activity. This is why more than 90% of all startups fail in the first years. But this is something normal, rather than something scary. It’s even good and actually, you should never fear failure. Why? Because it’s always a good lesson, a great teacher and experienced provider. This is why we should learn from our mistakes and never give up. We should not look at failure negatively. Most people get demotivated and disturbed by it. They just start to...
You have a great business idea and you are ready to build a business around it. You know how to make a great product or service, but are you wondering what type of company should you register? Should it be an LLC? Or should you choose to start a sole proprietorship? These are some standard questions every starting entrepreneur should ask herself. The right answers may be crucial for the successful future of your business. So, to make the decision easier for you, we found an infographic that will show you all the basics of major business types in the...
This is a great video in which you can learn the basics of business, companies, finance, and money in just 45 minutes. This is all you need to know about the corporate world. You will see how companies raise capital to start their operations and how they use that cash to make a profit. You will see here what happens to money, once it gets into a corporation. The video will also teach you how exactly financial reports are made, you will learn to understand some basic accounting principles and reports as income statements, balance sheets, and cash flow reports. You...
