How to build a loss reduction plan for your small business

A loss reduction plan is essential to combat business risks that are either inevitable or very likely to occur. The first stage of a loss reduction plan is to acknowledge the maximum potential loss by factoring in as many variables as possible. Once you have a good idea of what the potential loss could be, you then have to decide what you would consider to be a manageable or acceptable loss for your business to deal with. The complexities of modern day business structures mean that most businesses require loss reduction plans for a large number of potential risks. REDUCE…

How to go About Buying Into a Franchise

Many people want o get into business and be in charge of their own stores and manage their own employees, rather than being the one told what to do. A franchise is a great way to get started in business where you have just enough control but still have some support and guidance during your business operations. There are many franchises out there, far more than some people realize. But how just do you go about getting into a franchise? Finding one: Franchises can be found everywhere in many retail and food venues as well as places like community and…

Characteristics of a Successful Entrepreneur

So you are thinking of going into business for yourself? You fancy yourself an entrepreneur? In order to be successful on this journey there are certain characteristics you should possess: Tenacity Starting a business is not just a short term investment or something you can back out of easily when things get rough; it is an ultramarathon. You need to be able to deal with uncertainty, the fear, the unknown and the dreams of the future no matter how good or bad things may be going on any particular day. You can call it perseverance, persistence, determination, commitment, resilience, bit…

The Top MBA Programs in the US

Getting a Masters Degree is a big investment into your future and takes a lot of commitment to finish. If you are considering continuing you current education with a MBA degree then you need to know what schools to look at when it comes to sending out those applications and letters of interest. Here are the top 15 US schools that offer a MBA program and what you need to know about each one:   Forbes Ranking          School   5-Year Tuition   MBA Start Salary 2014 Salary Tuition GMAT Score   #1 Stanford   $127 K  Offers…

History of the Stock Exchange

If you mention stocks or the stock exchange, most people today know what you are referring to, even if they do not deal in stocks themselves or trade. The New York Stock Exchange has a long and rich history with a birth that began in the mid 1700’s. In the late 1700’s, the United States began looking for ways to increase investments, boost the economy, and engage people. 1792, the New York Stock Exchange (NYSE) acquired its first traded securities and the now global giant was born. The Birth of the NYSE The 24 brokers who signed the trade securities…