Upper management and policy makers should care deeply about the IPs that they hold. Being the only company that produces something from a certain IP is not only a financially viable way of doing business, but its also the law if you as a company owns the IP. The advantages to maintaining exclusivity and quality of an […]
Choosing An Accounting Method
Accounting is a necessary part of business. Having well managed accounts keeps finances in order, allowing the business to keep track of expenses and organise its income. An important part of this is how exactly the business records its finances, which is defined by the accounting method that the business uses. Choosing An Accounting Method […]
Setting Clear Goals For A Business
Making sure you have clear and well defined goals is part of running a successful business. But what exactly is a clear goal, as opposed to an unclear goal? Having an overarching goal that the entire business is working towards helps to maintain the structure and flow of all of a businesses operations. But sometimes goals […]
Making Use Of Aims And Objectives In Business
An aim or objective is a statement of what a business is trying to achieve over the next 12 months. An example of this could be a business setting itself targets in: survival, growth, increasing profit or increasing market share. Having an objective is useful because it helps to bring together staff and focus on […]
Foreign Laws And Local Business
Many local laws differ from country to country, because of this its important to research before entering a new market for the first time. For example, trading within the EU is likely to be much easier, due to the common market legislation that’s already in place, but even so it’s sensible to check before you take […]
