Where to get money for starting a business
So, you got the idea to open your own business. Sometimes people mature by this for years, and sometimes this desire catches up suddenly, and you can no longer stop thinking about it.
If you have available funds, or a source of stable high income, then you most likely will not have problems with investments in starting a business. But what if there is no money at all, and the desire to start a business is great? Where to get money for business? Options for further action there are several.
But, first of all, you need to make a business plan (you can see examples of various business plans on our website). It’s not enough just to estimate how much money you need to invest in a business. You must clearly define what and how much financial resources you need to invest in order for the business to work. And after that, consider options for raising money for business development. We will tell about these options. Continue reading
How to sell a business
For many people, a “do-it-yourself” business is an integral part of their life, and the idea that an enterprise can move on to another owner leads them into serious confusion. Therefore, if you are soberly aware of the need (or just your desire) to sell the business, then you can be called a mature and reasonable businessman. If in your life the time has come when you decide to sell your business, you must thoroughly prepare for the sale itself.
Why do people decide to sell their company? The reasons may be different – both psychological and economic or organizational. Perhaps, the owner simply lost interest in this case and plans to open a business in another area (or has already opened and is in parallel with them). Continue reading
Tchibo success story
Being a successful specialist in the field of retail sales means knowing exactly how to properly position a customer for a purchase. Atmosphere and aesthetics – these are the two main conditions on which the success of retail sales is based. Tchibo was able to correctly translate them into its activities, and deserved the title of one of the most successful companies in its niche. Originating 65 years ago, Tchibo still does not lose ground. Continue reading