What is Dropshipping? Dropshipping is the process where the seller doesn’t keep or own the stock and inventory like a retailer; instead, the store buys the product/service from the third-party, wholesaler, manufacturer and get it delivered directly to the customer. How Dropshipping Business Works The difference between ordinary retailing and Dropshipping is that the store or the seller does not …
What is Business to Business? Business to business or B2B is a business model when a company sells its products and services to another company’s customer for further processing and then reselling it. In simple words, one business sells its product/service to another business. The reason B2B is different from business to customer (B2C), where a business sells its product/service …
As we know that entrepreneurship is about starting a new venture to gain profit, even though it involves a significant amount of risk, but the entrepreneur takes the risk. Launching a new business is a very common example of entrepreneurship. There are different types of entrepreneur ranging from small businesses to multi-level organization who starts from zero. Simply speaking it’s …
What is PEO? Professional employer organization (PEO) is an outsourcing company that offers services like HR, payroll, risk mitigation, training, learning and development, employee’s compensation and insurance, workforce management technology, taxation and filing, compliance assistance, health and benefits, retirement vehicle, employers practice, and liability claim. In simple words, it offers its services to small businesses, where the small business and …
What is Coworking As the name implies coworking means working together; it is not just limited to sharing offices, stationary, and workspace cost. It is the place where you have a sustainable environment of collaboration, productivity, and a sense of community of the like-minded people. It’s something which you usually see and feel in the environment of corporate offices. The …
Business is an economic activity of sale and purchase of goods and services; which a business person performs to make his living out of it. The gape or margin between sale and purchase is profit; which is usually the main concern of any business person. The bigger the profit margin is, the more interesting it would be for the businessman. …
Business competition is the race or rivalry among business competitors that are competing in the same niche. The purpose of competing with one another is to increase the revenue of the business by increasing the sales and market share. If you’re in the business market, then you should be familiar with the strength and weaknesses of your own business, and …
What is Payroll? Payroll is a very important function of an organization where a salary record of employees is prepared and maintained. In other words, how much salary an employee has made in each month. However, there are many things to consider for the payroll like the right amount a company should pay to its employees; tax deduction and distribution …
What is an Intrapreneurship? Intrapreneurship is a system and a process which allows its employees to develop their entrepreneurial skill & mindset and act like an entrepreneur by working within the company. Intrapreneurship is very close to entrepreneurship where people can learn and polish their skills by working within the company, and then they can start their own business later. …
What is Business Decision Making Process? Whether it’s a sole proprietorship, partnership, SME or large corporation; the success of every business depends on the quality of decision its management is making. However, when we talk about decision, it’s a step by step process which allows business people to take calculated risks by weighing different alternative and contrasting among various opportunities. …
