Most widespread mistakes first-time business owners make. No business plan as a major startup trouble. Lack of focus on cash flows and profits. Launching startups in the absence of reliable market research. Overwhelming range of products. No organic marketing investments. Too much attention to promotions and discounts. Refusal of assistance. Not knowing your target audience. Absence of a strong marketing plan. No intellectual property protection.
The technological progress is unstoppable and the new technologies that appear bring new opportunities. Besides, there are several development tendencies in the present day that should be of interest to those entrepreneurs who like to look ahead. The article briefly describes some business opportunities available in the following ten areas: electro car manufacturing, electro car station construction, use of solar power, jetpacks, flying taxis, robot engineering, 3D printing, online education, cybersecurity, and care for the elderly.
Dividends or salary – what works best for a business owner? Strengths and limitations of paying yourself a salary as a business owner. Dividends as an alternative method to make payments to business owners – consider potential advantages and hidden pitfalls. Salary or dividend taxes for business owners – which ones are smaller? General recommendations for business owners from Q Wealth industry professionals.
Startup and business choices in 2023. Industries with the highest failure rate: administrative services, garbage removal, information industry, art, and entertainment. Successful business tips: vending machine business, laundromats, rentiers – residential and office real estate rentals, warehouse management, transport companies, agricultural enterprises, and dump truck services – business potential in facts and figures, failure rate included.
Watch out for early warning signs that your company is in trouble. You need to get to the root of the problems if your HR turnover keeps growing, sales drop, you are short on cash, and some other failing business issues call for your prompt response. Heed our expert advice and stay alert.
Are you interested in how does a business owner pay themselves? Our experts have prepared a detailed guide on this topic, which will help you understand all the intricacies of this process.
The article indicates the main challenges that the contemporary small business owners face and discusses the ways of overcoming the challenges. These include the marketing challenge, the fiscal challenge, the inventory and supply chain challenge, the recruitment challenge, and the overwork challenge.
The people holding top positions in business companies in the USA and many other countries are referred to as C-suite executives. If you are thinking of registering a company in a foreign country, you may be interested in finding out how top executive positions are called there.
Company relocation to the UAE is an excellent opportunity to move your business to a stable and safe country. In this article, we will consider the features and prospects of this process.
Rent-a-Company in Serbia – introducing the concept. How it all works with Serbian umbrella companies. International business deals greatly simplified with Rent-a-Company services in Serbia. Banking transactions via Rent-a-Company in Serbia: general principles. Benefits of Serbian umbrella companies for your banking.
If you want to sell your products on the US market and beyond, you need to set up the process of secure payment processing in the US. This may be tricky as a straightforward approach may result in account freezing, payment blocking, or questions being asked by the merchant. All of this can be avoided if you follow one of the strategies given below. The final choice depends on your business type as each strategy has advantages and disadvantages. Money is the blood of any business, so it should move freely. Read the article to find out how to do it – and engage our experts if you need help!
The article covers the most important aspects of setting up a business in Turkey in 2022. Learn who can be a self-employed business person and what is required to start your business in Turkey. Check out our quick guide to launching a business and FAQ on starting a company in Turkey.
IE or LLC formation cost in Georgia in 2022. The key operating expenses, tax allowances, and offshore incentives. Registration procedure and timelines. Free advice and fee-based expert assistance
Have you ever thought of Serbia as a good place to create an offshore structure? It is highly likely it has never come to your mind. But the jurisdiction offers very good instruments for assets protection, family office or family succession planning: non-profit organizations, namely – Associations, Endowments and Trusts. You can establish such an entity to manage a company with its help. Read on to find out more.
Online startup registration and the best countries for online business is a popular topic this year, as our world is getting more digitized. This article reviews the most relevant expert insights. Besides, you can book a private consultation and our professional facilitation.
The United States of America is a country of a great purchasing power. Trillions of dollars are spent on goods and services in the USA every year. The country’s GDP makes up a quarter of the world economy while its population is about 4.2% of the total population on the planet. It will be safe […]
Canada offers extremely inviting business opportunities to international entrepreneurs. Registering a company there is highly beneficial for several reasons.
