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A company is a legal entity owned by shareholders which is run and managed by managing directors. It is regulated by the Australian Securities & Investments Commission (ASIC). Setting up a company requires more time and capital which includes administrative costs and additional paperwork. Although Read More

A Partnership business structure is when two or more partners start up and operate a business together. In a partnership, business partners receive income jointly and also share liabilities. Partnership business structure can be carried by as many as 20 partners. Responsibility, management and fina Read More

In a vertical marketing system the most important functioning members of the distribution channel - producers, wholesalers and retail outlets - work together as a unit to deliver products to end users. Read More

Sole Trader is considered the simplest form of business structure as it is run by one owner without having to partner with anyone. In this business structure the owner gets the privilege or responsibility of taking all business decisions solely...... Read More

Most organizations and businesses aim to expand and enter a new market so that they can profit more and reach out to a new customer base. There are always risks involved, as always in the business world, when an entrepreneur tries to spread the business out in a new market, some big and some small. Read More

If you are a young entrepreneur starting a business can be quite daunting especially if you are still learning all the tricks of the trade. But having the steps outlined below can give a simplistic overview of everything that needs to be done. Read More

If you are a young entrepreneur starting a business can be quite daunting especially if you are still learning all the tricks of the trade. But having the steps outlined below can give a simplistic overview of everything that needs to be done. Read More

The Australian Law Book defines ‘Duty of Care’ as the obligation of a person to exercise reasonable care in the conduct of an activity. Read More

Starting a new business can be a huge step for an entrepreneur or a team of businessmen. In general, a product based business may need more money, structure, planning and legal formalities in comparison to a service based business. That being said, there are a bunch of factors to consider and ‘to d Read More

Consumers crave quality assistance and positive customer service experiences. This can only happen if employers take the time to provide their staff with adequate training in all areas of their job, and not simply the vital technical areas. Read More