YOU OUGHTA KNOW BLOG

In the dynamic landscape of 2023, achieving success in your small trade business demands a tailored approach. While there isn’t a one-size-fits-all formula for guaranteed success, there are strategic steps that tradie small business owners can take to enhance their prospects. In this guide, we’ll explore five actionable tips to facilitate the growth of your trade business in New Zealand.

For rapid business growth, securing funding is often crucial to expanding your workforce, inventory, or manufacturing capacity. Among various funding avenues, business loans stand out as a reliable option. In this guide, we’ll delve into the mechanics of business loans, exploring their purpose, eligibility criteria, application process, and various types available.

Embarking on the journey of entrepreneurship is exhilarating, but establishing the right business structure can be a daunting task. Whether you’re a solo entrepreneur or part of a larger team, understanding the different business structures and making the right choice is crucial for your long-term success. This guide aims to demystify the process and help you navigate the intricate world of business entities.

In the world of business growth, the spotlight often shines on tech-savvy “unicorn” startups fueled by venture capital, projecting a narrative of overnight success. However, the reality is that very few startups achieve unicorn status, and the journey to secure investors is an arduous one. Whether you’re a non-traditional founder or a startup in search of funding, this comprehensive guide is designed to help entrepreneurs navigate the intricate process of finding the right investors to support their vision.

Starting and growing a business often requires financial resources beyond personal savings. Entrepreneurs faced with limited capital can turn to borrowing from lenders to fuel their business ambitions. However, securing loans and credit lines from banks or financial institutions demands a crucial element: establishing a robust business credit profile. This guide unveils the process and benefits of building business credit, providing valuable insights for founders seeking funding opportunities.

In the realm of business, the dynamic interplay of the four factors of production – namely, entrepreneurship, capital, land, and labor – forms the bedrock of operational harmony. These factors are more than theoretical concepts straight out of an Economics 101 class; they serve as powerful levers that can be strategically harnessed to conquer challenges and seize opportunities across industries.

So, you’ve achieved the remarkable feat of transforming an idea into a thriving business and now you’re ready to make your exit. This transition marks a significant milestone, as only a handful of entrepreneurs reach this point. To ensure you secure the best deal for your prized venture, it’s crucial to navigate the process strategically.

So, you’ve achieved the remarkable feat of transforming an idea into a thriving business and now you’re ready to make your exit. This transition marks a significant milestone, as only a handful of entrepreneurs reach this point. To ensure you secure the best deal for your prized venture, it’s crucial to navigate the process strategically.

From fidget spinners to dog toys, the conventional dropshipping model thrives on small, inexpensive products. But there’s another avenue that takes dropshipping to the luxury level — high-ticket dropshipping. This method focuses on products like 3D printers, engagement rings, and greenhouses, offering a different strategy and the potential for substantial profits.

While the concept of business risk might conjure images of iconic movie scenes, entrepreneurship inherently involves navigating risks. Understanding and effectively managing these risks are crucial for both fledgling entrepreneurs and seasoned executives. This guide sheds light on various types of business risks and equips you with the tools to assess and mitigate them, ensuring your business sails smoothly.

Equity holds a pivotal role in assessing a company’s value and financial stability, making it a crucial concept for both investors and entrepreneurs. In this comprehensive guide, we will delve into the concept of equity in business, explore its significance, and provide insights into its calculation.

Venturing into entrepreneurship comes with risks, and a significant number of startups fail due to various reasons, including poor cash flow management. In this guide, we’ll delve into the concept of profitability ratios, an essential financial metric that can significantly impact the success of your small and medium-sized business (SMB).