Monthly Archives: January 2017
What is the income
The definition of income implies a wide range of applications. In a General sense, income is those funds or tangible assets that were obtained as a result of activities for a certain time period.
Economic benefit should be considered the amount of money received in the form of wages, interest, dividends, payments for the use of factory buildings, equipment, land, other natural resources, revenue and taxes from business activities. From the point of view of economists, the income is means, after payment of taxes which the subject of activity expects to spend for personal consumption and for personal savings. Also under income understand the funds that the subject can spend and it will not affect its economic condition. Receive the income of natural and legal persons and the state. Continue reading
Proper start your own business
The proper start to your own business is to find a promising idea. A good idea is a guarantee of a successful business. Most businesses go bankrupt in the first year just because they are based on either no idea at all, or the idea has no prospects. 80% of success depends on the idea and another 20% depends on how and by what algoritm it is implemented.
Analysis of the most expensive companies in the world shows that each of them was based on a promising idea. In turn, the analysis of failed startups shows that they were based on an idea that initially had no prospects. All this suggests that you should not take up the first idea and start a business based on it. Continue reading
