How do you acquire assets to run a business?

Author: Florian Wierzchowski You can’t run a business without resources, that is, without assets. As I wrote in a previous post, resources can be a variety of things, but basically the resources you need are those that will help you run your business and that will generate money. We usually know what we need, but how do we get it in a way that doesn’t immediately empty all your pockets? For the sake of example, let’s assume that you want

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How to identify assets when starting a business?

Author: Florian Wierzchowski A very important question that anyone intending to start a business should ask themselves is what assets they have. Assets are tangible and intangible resources that make it possible to earn, i.e. generate revenue. The question therefore resounds: “What do I have that I can start operating with to start a business and make money?” Tangible assets are, in the simplest terms, tools and materials with the help of which, by doing some physical or mental work,

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You have an idea for a business: where do revenues and costs come from in a company?

I continue the example from the previous post about your potential business. How do you find out if the price is set correctly and how many books he needs to sell in a month to make this business profitable? First, you need to decide whether you will invest your money or borrow it from the bank. The cost of the loan over the next year and the sum of interest from the bank deposit can calculate from the formula: A

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You have an idea for a business: how much do you need to invest?

Imagine that you want to open a bookstore near the university. You’ve already formulated the company’s mission, identified the characteristics of future customers, know the products and how to inform university students about your business. You’ve also discerned how many competing bookstores exist in the area and what assortment they have. Your business plan is almost complete. Now all that’s left to do is to calculate all the expected costs and revenues, and so determine whether the business will actually

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You have an idea for a business: how much will you pay employees?

When thinking about a company of several people, you need to answer the question: is it worth it to look for partners who will bring in start-up capital and work for the company, or is it better to start an individual business and hire employees. This is not an easy question, although hiring employees is a big cost for your business. Below I show an example of hiring Anna Kowalska as an assistant in Nowak’s company under various forms of

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