• November 12, 2017 /  Entrepreneurs
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    There are three business arrangements in Singapore that have been specifically created for foreign entrepreneurs and business entities planning to have a presence in the country: a subsidiary company, branch office, and representative office.

    These are the basic differences between these business entities for foreign entrepreneurs and investors:

    1. Subsidiary company

    This is probably the most ideal business entity for foreign companies planning to form a Singapore company or expand their presence in the country. This is because this formation provides countless of benefits especially when it comes to tax incentives and limited liability.

    As a separate legal entity from its parent company, a subsidiary company may have a different name and is allowed to conduct any business activities in the country as long as these are legal.

    A foreign company with a subsidiary company enjoys a limited liability, an arrangement in which it is not liable for any losses, liabilities, and debts of its Singapore auxiliary business.

    And because a subsidiary company is incorporated in Singapore, it also enjoys local tax benefits even if it is 100 percent owned by foreign businessmen and entities.

    However, this business setup is required to appoint at least one resident director who may be a Singaporean citizen or holder of EntrePass, Employment Pass, or Permanent Residence Status.
    Meawhile, a subsidiary company may have one to 50 shareholders who may be a foreign or local individual or another business entity. To know more abour subsiday company follow this link:

    2. Branch office

    A branch office, being an extension of its business headquarter, is only allowed to conduct activities performed by its parent company.

    Unlike a subsidiary company, a branch office is not provided with local tax benefits since it is treated as a legal extension of its parent company. And with this arrangement, the headquarter is directly liable for all the losses, debts, and liabilities of its Singapore branch office.

    Meanwhile, it is a legal requirement for a branch office to hire two Singaporean resident agents who will oversee its business operation.

    When it comes to government-imposed disclosure requirements, this business entity may not be appealing for some shareholders since they are also required to submit the audited accounts of their parent company. To know more about branch office, follow this link:

    3. Representative office

    Legally speaking, a representative office is not really a business entity as it is not allowed to engage in any revenue-generating activities.

    A representative office is generally ideal for foreign companies who are not yet sure of the business viability of their services or goods in Singapore and want to conduct an extensive market research before engaging in a full-blown operation. To know more about representative office, follow this link:

  • October 23, 2017 /  Entrepreneurs
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    The Internet brought a radical change in the way we do everything. It has made the world smaller, and has brought people closer together through high speed connection. In fact, the Internet has made us realize that we now live in a global community and that everything we do affects the world around us.

    The Internet not only changed the way we live, but it has changed entrepreneurs’ home businesses too.

    Due to the fact that the Internet has brought the world closer together,every business has the potential for a global market. That means that the Internet has made it possible for entrepreneurs’ home businesses to have customers far away from home.

    In the past “home business” meant that an entrepreneur would have to get customers from his or her immediate community. Your market was limited,but now you can get your enterprise out of the house and into the world.

    No wonder that the big companies of today had to work hard in order to get out of their homes. Many of the today’s big corporations often started as home-based business.

    Many entrepreneurs actually take their business to the Internet,because the Internet helps people shorten the time they have to wait until their business gets off the ground. It helps entrepreneurs’ home businesses get the push it needs to provide a global market. The Internet actually allows you to have the whole world as a target.

    More and more people are opening up on-line businesses because of the simple fact that they get to make money easier this way. Today’s entrepreneurs’ home businesses actually mean that the lucky businessmen actually get to stay at home while they make their cash, because of the Internet.

    Keep in mind that entrepreneurs are the richest people in the world. Professionals, lawyers, doctors, may make a lot of money, executives may have big salaries, but entrepreneurs pay these people for their services. So who do you think is really at the top of the chain?

    With the Internet, you can have all the information you need at your fingertips. This means that you virtually have the whole world at the palm of your hand.

    Entrepreneurs now have access to every piece of information that can affect their business. We all know how attentive one must be of things that one cannot control. The market is a very unpredictable factor in business, with people changing their preferences all the time. Through the Internet, one can be prepared for any possible events.

    A simple search on the Internet allows you to take a closer look at competition. What sets those businesses apart? What is the competition’s weakness? How can you get ahead in the market?

    Because the Internet also allows you access to people, you can get expert advice quickly, therefore you can reach important contacts and make business decisions faster. Entrepreneurs’ home businesses prosper because the Internet allows these businesses to have the best of help.

  • October 21, 2017 /  Entrepreneurs
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    The world is awash with entreprenuers and we have noticed that 9 to 5 kind of jobs is not the route to financial freedom. You can do a 9 to 5 kind of job, retire honouably but i promise you your financial base is nothing compared to the that of an entrepreneur who ventured to start something something for themselves.

    Entrepreneurship is a systematic approach used to identify, bring to life and nourish to fruition of an ideal or oppournity. Entrepreneurs perceive potentials and build on them by directing his or her resources to achieve pre-determined goals. The human resource is of importance because it is in born in all. It manifest as talents and deep seated aspirations. The material resource is secondary.

    The featuers of Entrepreneurs are numerous but lefts nose dive into it. Entrepreneurs have a high level of business consciousness. They can discern between assets and liabilities. They can see business potentials when they get close to one. Their eyes and mind can see potentials even when clothed in failures. In addition, they are ready ti indulge in moderate calculated risks because they do a through base line study of their potential business ideal. These base line studies give them a clear picture if the target market, the dos and don’ts the requirements and the legal impediments.They make sound business judgement before they dive into any business venture.

    Entrepreneurs are dynamic and hard working. They do not dive into business because it is in vogue or it has made their next door friend millionaires. They nourish their idea with creative innovations thus making it unique. They have superb abilities in allocating time, resources and task.

    Remember, Entrepreneurs do not dive into business ventures. Like I said above, the world is awash with entrepreneurs. Subsequently, study yourself before you throw in yor material into any venture if not you would close shop few months after.

    In conclusion, engage professional to do the base line studies and visit a solicitor and you would know the legal angel of your proposed business venture.

  • October 9, 2017 /  Entrepreneurs
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    Highlight the gradual increase in the number of autonomous, corporations and the decline for third consecutive month of unemployment data

    Spain, June 12, 2013 – The Minister of Employment and the Economy of the regional executive, Carmen Home, said today that the Law on Entrepreneurs, both in its regional and national responds to the needs of entrepreneurs and help accelerate the development of our economy.

    In this regard, he said that there were many obstacles that previously prevented the employer was launched to start a business, but now, thanks to the measures taken, any entrepreneur can start your project with a simple communication prior or statement charge, making all the arrangements in the same website, you will not risk all their personal assets and pay VAT on invoices that have not been collected. In his view, these measures will contribute to that those entrepreneurs who had doubts, definitely are launched into the world of entrepreneurship.

    On trade, Casero said the Governments objective is Cospedal modernize the sector and increase competitiveness. As an example of this commitment, Casero recalled the launch of two lines worth 2.5 million euros to cover the cost of salaries for workers who are employed by small businesses during the twelve Sundays or holidays that can open their doors annually, or overtime pay if the worker is already part of the template.

    Within this line of support, Casero also highlighted the five actions under the Investment Plan and Employment Creation on the introduction of new technologies and the use of electronic commerce, the promotion of quality in trade, with the intended enhance the design of products that can be marketed, promoting priority trade areas, and the establishment of cooperatives between business formulas that make the sector.

    Good economic data During an interview in Castilla-La Mancha Television, Home has been worth that freelancers in our region continue to exist high, the pace of hiring good-more than one million contracts since the beginning of the legislature, and the index of corporations, superior in creating regarding business mortality, as well as more than 200 people a day in recent months have found a job.

    Finally, the Minister of Employment and the Economy has also stressed that macroeconomic data indicate that things are changing. Sales of industrial production in Castilla-La Mancha, the increase in sales of commercial vehicles or business confidence index indicate that the situation is corrected and we glimpse a better future, he concluded.

    Press Contact: Consejeria de Empleo y Economia Media Relations Consejeria de Empleo y Economia Address: Avda Ireland No 14 512-212-1139

  • October 8, 2017 /  Entrepreneurs
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    When we talk of management education, we are basically referring to shaping up the students, aimed towards developing their competency and capability either as a manager fit to join an organization and help it to grow or as entrepreneur, to establish and grow ones own business. This capability does not come from possessing a management diploma or degree, but also requires developing in the students the will and skill to contribute for self sustenance and nation building. Presently it is seen, that there is a wide gap existing between the type of management education imparted in MBA colleges and what is there in real life management in business organizations. In order to make management education more realistic and useful for the industry, certain key areas need to be identified. These could be:-

    (a)Benchmarking quality management education to create an enduring quality managers and entrepreneurs.
    (b)Bring in professionalism in management education.
    (c)Adequacy of qualified and competent faculty members, proper infrastructure, support facilities and regular updating of curriculum.

    Benchmarking Quality Management Education

    Benchmarking with the top management colleges inspires an institute to produce quality managers. Management education needs to include knowledge, skills and abilities (KSA) that are needed today and that will be needed tomorrow by the industry. The mission of management education should be to become innovative and creative. The objectives of benchmarking should be to:-
    Make own students employable in industry.
    Moving the institute from academic mode to corporate mode. To achieve these objectives the agenda should be:- (a) To identify the industry expectations of the skill sets required of students. (b)To identify the areas of Total Quality Management (TQM) in management education. (c) To identify the changes required in teachers imparting management education.

    Professionalism in MBA/PGDM Education

    There are many reasons for the wide differences in the quality of management education in different institutes in India. The main reason is the absence of a body that can ensure that the standards set are practiced and retained by all management institutes, like AACSB in USA. We do have an apex body the All India Council for Technical Education (AICTE), that is responsible for setting the basic framework, guidelines and standards for quality of business education, there are however many problems when it comes implementation of these standard by MBA colleges and institutes and these problems undermine the effectiveness of these standards. In order install quality in management education in India, the AICTE and MBA colleges / universities in the country should focus on the following issues:-
    Quality of faculty.
    Infrastructure development.
    Accountability of management institutes.
    Values and ethics.
    Role of professional bodies (AIMA, ISTD, etc).

  • October 6, 2017 /  Entrepreneurs
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    Trials and difficulties are two factors which a developing entrepreneur is always expecting to meet. There is not a person who does not face challenges in life. Lucky are those who become entrepreneurs with their rich faces. Rich faces do not takes talent with them, for talent to overcome there are lot of difficulties and challenges to be faced. There are lots of business chances for people to show their entrepreneurial skills. One has to look for these chances and jump into it. With these opportunities, you can get your business off the ground.

    Now days it is difficult task to get into market if you are one of the competitors of a big corporation. But this does not means you have to back up, all you need to do is get in touch with right people who would help you in succeeding in world of entrepreneurship. There has been increasing demand of home based jobs and there are many people who are jumping in this field. With entrepreneurs same case applies, there are many people realizing that home based business is ideal way for an entrepreneur business.

    If you are facing financial problem regarding funds, then it is not issue to matter as there are many financing companies who would lend you money for your business rolling. But you should know how to get these funds. You need to deal with financial company by showing them your business plans and projected financial statement. You should convince them and show your business is a good investment option. There are many financiers who are attracted towards these home based businesses of entrepreneurs. With these plans they are able to analyze their return of money. You can land your business on ground easily with these plans but just make careful you are not victim of high interest rates and service charges.

    It is essential step towards your success to know how entrepreneurs campaign their business. You should know the different entrepreneurial techniques involved in your business. Ventures faces lot of problem, so it is better you learn the techniques and research on different aspects before you go on it.

    Home based businesses have its bounding too. They have problem in gaining customer and also gaining popularity. There are many people who fail and quit this job. All you need is to have strong confidence and good will power within you to continue this business. The first year of operating this business would truly test all your skills and patience too.

    You should careful study the reaction of people towards different things. Ventures success does not lie in their product, but sometime also the way they are sold. You should study the people or community around you and understand the different aspects of them. You should deeply study and analyze the value of people thinking.

    In conclusion, gaining success in entrepreneurship world is not easy. But once you get start with the small home based business, you might find your way to get success. Wish you all the best!

  • October 6, 2017 /  Entrepreneurs
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    Have you ever noticed how highly successful entrepreneurs seem to attract success as if by magic, while others struggle as if the odds are stacked heavily against them?
    What do you think is the key element that allows their almost effortless success?

    Is it their background?
    Well, a recent study of a group of successful entrepreneurs revealed that they all came from a range of different backgrounds, some from very poor backgrounds. Despite the different circumstances from where they started, they were still able to attract success. So, having a privilege background is no guarantee of success.

    Is it their brain power?
    Quite a few of them had very little formal education at a high level when they started out on their road to success.

    Is it that they bought lots of personal development CDs and books?
    Some of them had never even heard of goal setting!!

    Is it the quality of the support they receive from friends and family?
    No, some were discouraged by friends or family for trying to change their current circumstances.

    Is it that they were loved more as children?
    A few of them were orphans and had a pretty miserable childhood.

    Is it that they dont watch TV or avoid reading the papers?
    No, they read the newspapers, and watched television.

    So, if none of these factors directly contributed to their success, how were these entrepreneurs all with different circumstances, able to achieve their dreams of creating wealth?

    If you were to gather them all in a room and ask the question, What is the secret to your success?,the answers would be all different. But, if you looked a little closer at the answers, you would discover one key ingredient. It wouldnt be obvious at first, but it would be very evident.

    And that key ingredient would be fear.

    Fear is an important part of success, and its fear that keeps so many of us from reaching our goals, or fulfilling our dreams.

    Learning how to conquer your fears is a very big part of attracting the success into your life that seems to have been eluding you. Its a key ingredient that entrepreneurs have to master on their path to success.

    Given their varying backgrounds, entrepreneurs were pushed into action by the fear of not achieving their goals and the consequences of failure.

  • September 24, 2017 /  Entrepreneurs
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    Modern world is full of temptations and other entertainments that cost much. It became a tradition that children want to become businessmen or entrepreneurs. The dreams of becoming a spacemen do not bother children any more. The desire to have everything and to be able to afford different things make children think about more profitable occupations. Some students, when grow up, change their minds and think about something more realistic, the others still continue dreaming of becoming entrepreneurs. The article is going to represent some advantages and disadvantage connected to the profession. Use arguments to support your choice.

    Advantages of becoming an entrepreneur

    1.Those who decided to become entrepreneurs are sure to enjoy the whole process, from the very beginning of their business till the highest level of its development. The prediction of risks and their successful elimination is a real delight.

    2.The entrepreneurs salary directly depends on his/her intentions. If one wants to get more this month, he/she should work harder.

    3.The working schedule of entrepreneurs is flexible. They may easily take a day off in the middle of the week without the moral pressure of being fired. Still, the consequences of such action should be considered beforehand.

    Disadvantages of becoming an entrepreneur

    1.The entrepreneur does not have a regular salary. The income may be considerable this month, but it may be too low another one. It is impossible to calculate some unpredicted costs.

    2.The flexible working schedule is also a disadvantage. The necessity to work till night may be rather stressing.

    3.Entrepreneurs are personally charged with the consequences of their actions. One wrong step and the whole business may be ruined.

    It is exciting to be an important person in business, to have personal company and run it. Still, there are some cases when this independence may cost too much.

  • September 23, 2017 /  Entrepreneurs
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    One of the best female business owners in the history of the united states is Mary Kay Ash. She’s got a foundation which was put in place to help end cancer and physical violence against women. The foundation is run on donations and aims to coach women while struggling with cancers like ovarian cancer, endometrial cancer, and breast cancer.

    Some of the prizes that she won include things like being called one of the most influential of business leaders in the past 25 years by Wharton School of Business and PBS in 2004. She was given the Women’s Advocacy Award by the legal services firm in North Texas and a book feature in 2001. In 1999, she was profiled by Forbes within their great business stories feature.

    There’s lots of people in the heritage of the usa that did great things for the people while setting a great example. Mary Kay Ash was one of those people. She was able to earn multi-billion dollar success while ensuring to give to the city. In reality, she was noted for her unwavering ideals, belief in women, and her generous heart.

    She kicked the bucket in 2001, but her heritage endures through her foundations created to fight cancers and violence towards women. Some of the most frequent kinds of cancer that impact women are breast cancer, which one in eight is going to be diagnosed with, endometrial cancer, which one in 40 gets, and ovarian cancer, which one in 72 gets.

    Cancer is something that affects both men and women and cash that’s given to that purpose is cash wisely spent. There are lots of different foundations for doing this, and one of which is the Mary Kay Foundation. It was started in 1996 and seeks to assist women that are inflicted by physical violence or cancer.

    Most are familiar with her makeup line, giving people the chance to be entrepreneurs or just earn extra money on the side. Of course, it’s not only for those that want to begin a business. They make superb high quality makeup and beauty items which have stood the test of time for a reason.

    If you are someone that has long been enthusiastic about beginning your own business and you have no idea where to begin, you should consider looking into Mary Kay products. They supply top quality beauty and makeup supplies that women revel in using. They even design skin care and sun care products for men too.

    You’ll find reasons why selling makeup is a secure type of business to start. The main is the fact that there will always be a need for it. Women will usually want to look and feel beautiful, and they love having large amounts of beauty products to do that with. So if you are someone that enjoys speaking with people and can manage your time well, it might be a good way to go.

  • September 22, 2017 /  Entrepreneurs
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    Are you an employee who is thinking about a leap? If you are an employee then you might want to start your own business and become an entrepreneur. We all want to have our own business so that we can be our own boss.

    But the first and foremost thing that you need to find out before making the leap is whether you are ready for being an entrepreneur. Do you have the qualities that are required to be a successful owner of a business? Do you have any idea about what it takes to start your own business?

    You need to find out the answers to these questions before you take the final decision. If you have the qualities and the characteristics to own and manage a company then you can surely think of starting a business on your own.

    But if you do not have these qualities then it is better to be an employee rather than the owner till you are capable of gaining thee qualities. The first thing that you need to have to become an entrepreneur is passion.

    Successful owners know what they actually want and they have the enough guts to follow the dream they cherish. Before you start the venture it is very much important to test your passion. The next quality that is important is the unwavering nature.

    The person must have complete belief in him. He must make sure that nothing in this world can dispel the belief. Self motivation is the next essential quality that a successful entrepreneur needs to have. He will not need anybody or anything else to motivate him for the job.

    The other thing that you need to keep in mind is that you need to win at any cost. People who want to become the owners must never learn to lose. Entrepreneurs are those people who take risks. They usually act impulsively; they do whatever they feel in right at the moment.

    Other than this, another good quality that these people need to have is being outgoing. They need to make things happen anyhow. You need to be a good leader because if you are a great leader people will hear you.

    You need to have command over your team. Creativity is the other essential quality of an owner. It is very important to find out creative solutions so that you can solve any kind of business problems with ease.

    This will help you become more successful over the years. Personal sacrifices are also necessary to become successful as an entrepreneur. So you need to find out whether you have these qualities in you if you are interested in owning a business and becoming your own boss.