Family-owned businesses are a fundamental element woven into the fabric of the global business landscape. Defined by ownership, operation, and control residing within a family, these businesses come in all shapes and sizes. From local shops passed
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Privatization Explained: Reasons, Methods, Pros, Cons, Impacts, Examples
Privatization is the process of transferring ownership of businesses from the public sector, run by the government, to the private sector, owned by individuals or companies. This shift can involve anything from airports and utilities to airlines and
Public Sector: Roles, Types of Organization, Pros, and Cons
What's it: The public sector is the economic sector controlled by the state and includes the central government, local governments, and organizations under them. This sector has an essential role in the economy because it has the authority to
Holding Company: Structure, Benefits and Risks
What’s it: A holding company, also known as a parent company, is a business entity that primarily focuses on owning and controlling other companies, called subsidiaries. Holding companies do not directly participate in the day-to-day operations of
Grow Your Business with Effective Market Targeting
Market targeting is crucial in today's competitive business landscape. Understanding and reaching your ideal customers can achieve sustainable growth and maximize your marketing efforts. You can maximize your marketing efforts, optimize resource
Unlimited Liability Explained: Examples, Advantages and Disadvantages
What's it: Unlimited liability means the owner is fully legally responsible for the business's debts. Thus, creditors can ask the owner's personal assets to pay off debts if the business experiences cash flow problems and cannot fulfill its
Limited Liability: Examples, Advantages, Disadvantages
What's it: Limited liability means the owner is not obligated to pay off the business debts. Together with unlimited liability, it is about how much responsibility the owners have for the company.Unlike unlimited liability, a limited
Private Limited Company: Explained for Growth & Protection (Features, Advantages, Disadvantages)
What's it: A private limited company is a company whose shares are not listed on a stock exchange, have limited liability, and have a separate legal identity from the owners. Because they are not listed on a stock exchange, their shares are not
Public Limited Company: Unleashing Growth Potential (Features, Advantages, Disadvantages)
What's it? A public limited company (PLC) is a business organization in which the legal entity is separate from the owners, has limited liability, and is listed on the stock exchange. Generally, they are big companies. They are also known as a listed
Partnership: A Business Structure With Sharing RisksRewards (Types, Features, Pros, Cons)
What's it: A partnership is a business organization in which two or more parties work together and combine resources to advance their common interests. Each party, referred to as a business partner, agrees to share the risks, responsibilities,
Sole Proprietorship: The Simplest Structure (Characteristics, Advantages, Disadvantages)
What's it: A sole proprietorship is a business organization at its simplest. One person runs, is responsible for, and has complete control over the operations and profits of the business. It has no formal legal entity. Also known as a sole
Become a Successful Entrepreneur: Traits, Challenges and Rewards (Guide)
Entrepreneur refers to a person who takes a risk to set up a business. They combine the factors of production to produce goods and services.Often, they invest their own savings and capital to try to commercialize business opportunities. Then,