When purchasing a business in Newcastle, Australia, it is vital to gather all relevant information from the vendor to make an informed decision. Information Required from the Vendor (Seller) Here is a list of information you should request from the vendor: Latest 3 Years Financial Statements: These should include the profit and loss […]
20 Mistakes that Businesses make
A Guide for Start-Ups
It’s a huge step in anyone’s life to launch a business. Not only do you need to have a feasible idea and finance behind it, you will also need to deal with competition, the economy and the constantly evolving marketplace. There will be times you will need to take risks, but without risks how can […]
Bootstrapping a business
What is Bootstrapping? Bootstrapping a business is when an entrepreneur uses their own money as start-up capital for their business. The term comes from the old saying ‘pull yourself up by your bootstraps’ and refers to getting something done yourself. This method of financing allows you to have 100% ownership of your business and not […]
Intellectual Property Entails What?
Intellectual Property Entails What? Intellectual property is a product that is made physically for economic gain. An idea does not become this sort of property until it is implemented. So, if you have ideas for a novel, you have to write them down in order to create something worth selling and having ownership for. There […]
