You love baking and your friends say you make the best cupcakes in the world. 'You should sell this!' they say—and your mind starts whirring. Maybe you can turn your hobby into a business. Maybe you can make loads of money doing something that you love. But this is a major decision. A hobby is fun; a business, however, is inherently risky and will take hours of your time. … [Read more...] about 4 Questions to Ask Before Turning a Hobby into a Business
Business
6 Ways to Beat Inflation
How come $100 is worth a lot less today than it was 30 years ago? Even if you're not a finance pro, you'll probably know that the answer is inflation. What exactly is inflation? The most basic way to explain it is that, over time, the purchasing power of a currency goes down. That is, you will need more money to pay for the same service or product. More specifically, over … [Read more...] about 6 Ways to Beat Inflation
How to Protect Yourself from Online Business Scams
I don't know a single person who would not want to earn money online. With 'success stories' of online entrepreneurs proliferating, it is no wonder that many people think that anyone can make a living online. While this is true - anyone can indeed make money through the Internet - it is also true that work is needed to become successful at it. You can't simply create a web … [Read more...] about How to Protect Yourself from Online Business Scams
5 Questions to Ask Before Starting a Business
] You have an amazing business idea, and have the capital to get it up and running. But here's the deal: a good idea is not automatically a profitable idea. Most entrepreneurs learn that the hard way, wasting thousands of dollars and hours on something that looked far better on paper. What went wrong? They didn't think out the details: how much work it required, and how … [Read more...] about 5 Questions to Ask Before Starting a Business
What is a non-profit organization?
A non-profit organization, also known as NPO, is an entity that is not allowed to distribute its extra or surplus income. This is as opposed to organizations that are for profit. For example, if an NPO earns more than it needs for salaries and other operating expenses, the surplus money has to be put back into the company - as additional capital for example. Alternatively, … [Read more...] about What is a non-profit organization?