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Risk Management: The Secret of Eternal Business Life

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An effective risk management framework is essential if a business wants to survive. A start-up faces more challenges than mere competition. Sometimes, a company dooms itself from the start with inadequate infrastructure, poor working conditions, and offices that violate Occupational Health and Safety (OHS) protocols. The Risk of No Risk Management According to Strategic Safety Australia, a leading provider of OHS consulting and training services, most of their clients do not even factor these risks into their start-up plan. Because …

Raising Capital: Funding Options for Your Business

Posted on by Teresa Harper in E-Biz | Comments Off on Raising Capital: Funding Options for Your Business

While self-funding is the most common business funding method, it is not suitable for everyone, especially those with limited savings. As expenses often exceed revenue during the infancy stages of business, it is important to explore different funding options. Here’s a discussion on the topic to guide you: Venture Capital This funding option is a type of equity financing that supports the budgetary needs of companies with potentially high returns. Most venture capital investments are made through cash in exchange …

Going Global: 4 Common Mistakes When Starting a Business Overseas

Posted on by Teresa Harper in E-Biz | Comments Off on Going Global: 4 Common Mistakes When Starting a Business Overseas

For businesses looking for new sources of profit and growth, expanding your venture globally can be an effective option. This is especially true when local markets are not performing well. Whilst it may seem tempting to just pack up and expand abroad, it is best to start out with an effective plan. When it comes to having a global venture, make sure you avoid making these costly mistakes. Not securing the necessary requirements What could normally be a simple procedure …