Humanity may just be moving out from the dark ages, which means that businesses are going to have to do the same thing. Old practices will be replaced with new practices. Old modes of work will be replaced by new ones. And hopefully better ones! Work will be more efficient. Hopefully, people will be happier! But what are some smart things that companies that consider … [Read more...]
Naming a business – a few tips from experts
In an earlier post, we reported that most UK small businesses are no longer seeing the need to name their companies based on their family names. In the survey conducted by British Gas Business , 74 per cent of business owners now prefer more memorable names that are not related to any kind of family ties in forming their business . According to British Gas Business’ c … [Read more...]
The Law of Reciprocity
An assignment recently got me interested in something called the Law of Reciprocity. No—this is not Physics class or any other Science-related course. The Law of Reciprocity actually goes by many names. Others call it an emotional bank account. One of my favorite writers of all time, Paulo Coelho, describes it as the favor bank. But what exactly is this Law of Reciprocity, y … [Read more...]
The Basics of Incorporation
A friend and business partner asked me if I could serve as an incorporator in yet another company he wanted to create. I said yes, no questions asked. I thought there wouldn’t be an issue, and of course in most cases, I’m right. Company formation and incorporation nowadays are usually activities that can be done in a few hours, if you know the right people to get in touch wit … [Read more...]
Outsourcing and business solutions
Nowadays, business solutions are so specialized that it usually doesn’t pay for a company to do everything. If you intend to do all operations under one roof, then the costs may eventually outweigh the benefits. Therefore, many companies have sprung up that specialize in performing one or a few business activities and offer to undertake these for other businesses. Welcome to … [Read more...]