Tag: Types

Two Types of Investments in a Small Business #business #process #outsourcing

#business investment

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The Two Types of Investments You Can Make In a Small Business

Equity and Debt Are The Choices on the Small Business Investment Menu

When you make a small business investment, you have two choices: Do you take equity (an ownership stake) or debt (lend money in exchange for interest income and future repayment)? Both have their own advantages and disadvantages. Betsie Van Der Meer/Taxi/Getty Images

Updated August 22, 2016

Investing in a small business has always been, is currently, and most likely always will be one of the most popular ways individuals and families begin the journey to financial independence ; a way to create, nurture, and grow an asset that, when intelligently run under the right conditions, throws off surplus cash to provide not only a good standard of living, but to fund other investments. Still, it isn t uncommon, at least in nations with an entrepreneurial history such as the United States, for a small business owner to have never owned a publicly traded share of stock or a mutual fund. opting, instead, to put everything into their own restaurant, dry cleaning business, or sporting goods store.

Frequently, this small business grows to represent the most important financial resource the family owns, other than their primary residence.

In today s economic and political climate, these types of small business investments are often structured as either a limited liability company or a limited partnership. with the former being the most popular due to the fact it combines many of the best attributes of corporations and partnerships. In years past, sole proprietorships or general partnerships were more popular, which provide no protection for the owners personal assets outside of the company.

Whether you are considering investing in a small business by founding one from scratch or buying into an existing company, there are typically only two types of positions you can take: 1.) Equity, or 2.) Debt. Though there may be countless variations, all investments come back to those two foundations.

Equity Investments in Small Businesses

When you make an equity investment in a small business. you are buying an ownership stake. Equity investors provide capital, almost always in the form of cash, in exchange for a percentage of the profits and losses. The business can use this cash for a variety of things, including funding capital expenditures to expand, reducing debt, buying out other owners, building liquidity, or hiring new employees.

In some cases, the percentage of the business the investor receives is proportional to the total capital he or she provides. For example, if you kick in $100,000 in cash and other investors kick in $900,000, totaling $1,000,000, you might expect 10% of any profits or losses because you provided 1/10th of the total money. In other cases, especially when dealing with an established business or one put together by a key manager, this would not be the case. Consider the investment partnerships Warren Buffett ran in his 20 s and 30 s. He had limited partners contribute nearly all of the capital, but profits were split 75% to limited partners, in proportion to their overall share of the capital, and 25% to him as the general partner, despite having put up very little of his own money. The limited partners were fine with this arrangement because Buffett was providing expertise.

An equity investment in a small business can result in the biggest gains, as well as the most risk. If expenses run higher than sales, the losses get assigned to you.

A bad quarter, or year, and you might see the company fail or even go bankrupt. However, if things go well, your returns can be enormous. Virtually all of the research on millionaires in the United States shows that the single biggest classification of millionaires are self-made business owners. If you want to rank among the top 1% of wealth. owning a profitable business in a niche market that churns out dividends each year is your best chance, statistically.

Debt Investments in Small Businesses

When you make a debt investment in a small business, you loan it money in exchange for the promise of interest income and eventual repayment of the principal. Debt capital is most often provided either in the form of direct loans with regular amortization or the purchase of bonds issued by the business. which provide semi-annual interest payments mailed to the bondholder.

The biggest advantage of debt is that it has a privileged place in the capitalization structure. That means if the company goes bust, the debt has priority over the stockholders (the equity investors). Generally speaking, the highest level of debt is a first mortgage secured bond that has a lien on a specific piece of valuable property or an asset, such as a brand name. For example, if you loan money to an ice cream shop and are given a lien on the real estate and building, you can foreclose upon it in the event the company implodes. It may take time, effort, and money, but you should be able to recover whatever net proceeds you can get from the sale of the underlying property that you confiscate. The lowest level of debt is known as a debenture, which is a debt not secured by any specific asset but, rather, but the company s good name and credit.

Which Is Better: An Equity Investment or a Debt Investment?

There is no simple answer to this question. If you had been an early investor in McDonald s and bought equity, you d be rich. If you had bought bonds, making a debt investment, you would have earned a decent, but by no means spectacular, return on your money. On the other hand, if you buy into a business that fails, your best chance to escape unscathed is to own the debt, not the equity.

All of this is complicated by an observation that famed value investor Benjamin Graham made in his seminal work, Security Analysis. Namely, that equity in a business that is debt-free cannot pose any greater risk than a debt investment in the same firm because, in both cases, the person would be first in line in the capitalization structure.

The Preferred Equity Debt Hybrid

Sometimes, small business investments straddle the ground between equity investments and debt investments, modeling preferred stock. Far from offering the best of both worlds, preferred stock seems to combine the worst features of both equity and debt; namely, the limited upside potential of debt, with the lower capitalization rank of equity. There are always exceptions to the rule.





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Massage Full Body Massage and Massage Therapy #massage,massage #types,massage #info,body #massage

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Massage Den

Touch is a very important part of human contact. It helps us feel connected and loved by those around us.
Massage uses touch through rubbing or kneading of parts of the body to aid circulation, relax the muscles, or provide sensual stimulation.

Massage is one of the oldest, simplest forms of therapy.
The basic goal of massage therapy is to help the body heal itself and to increase health and well-being.
There are many health benefits to receiving massage therapy on a regular basis:

    Relieves stress
    Encourages relaxation
    Improves circulation
    Improves posture
    Lowers blood pressure
    Helps manage pain
    Relaxes muscles
    Improves flexibility
    Improves breathing
    Relieves tension headaches
    Strengthens immune system
    Decreases depression

A good massage is an exhilarating experience.

Video – Japanese massage – Japanese Massage Video
Japanese Supermodel Massage Video

Most Expensive Spa – Most expensive and luxurious spa.

Massage relieves stress, but sometimes you need a more stress management, so for relaxing your body, mind and soul, a good massage music will always help.

Hot massage is deeply relaxing – hot massage and easy to make Massage Oil Recipes

Hmmm, see How Lymphatic Massage Works

If you have a dog, pamper them with a Dog Massage

Massage Therapy Schools – Massage therapy schools in North America.

A relaxing massage is a heavenly break from the daily stressful life.

Beautiful daydreams come with the soothing of muscles. daydreams of pleasure and happiness.

I don’t fear death because I don’t fear anything I don’t understand. When I start to think about it, I order a massage and it goes away.
– Hedy Lamarr –





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The Beginner – s Guide to Different Types of Business Degrees #low #investment #business

#business degree

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The Beginner s Guide to Different Types of Business Degrees

Take a look around your home. Nearly every item you own has an entire industry based around it, and each of those industries has multiple business functions within them. Because of this complexity, there is a huge variety in the different types of business degrees available to you.

With so many specializations within business degree programs, it can be a bit daunting when trying to decide which best fits your interests or career aspirations. To help you decipher the diversity, we broke down a list of some of the most common types of business degrees, the courses to expect and some examples of the jobs you can do with them.

Keep reading to get acclimated with 15 facets of the business field and start to get a feel for which area appeals to you.

15 Types of business degrees to consider

Accounting

Overview. Love numbers? Have an eye for detail? When studying accounting you will develop your understanding of generally accepted accounting principles, tax law, the process of managing financial documents and how it impacts business operations. The accounting field has several potential career paths and this degree will equip you to pursue different types of accounting, audit or tax-related positions within a variety of organizations.

COMMON COURSE SUBJECTS:

Advertising

Overview. Think you have the creativity to develop an ad that cuts through the clutter and sticks in the mind of a potential customer? With an advertising degree you ll learn how to make a message stand out from the crowd by learning about what makes an audience tick and how to best reach them. This is a great choice if you re looking for a way to leverage your creative ability in the world business.

COMMON COURSE SUBJECTS:

POTENTIAL JOB TITLES:

Business management

Overview: There s a lot to learn about managing a business or department. A business management degree will give you a solid comprehensive foundation in important business areas like accounting, sales, operations and organizational leadership. You ll also be better equipped to manage and lead a team of people, which is beneficial if you have hopes of advancing your career into leadership positions.

COMMON COURSE SUBJECTS:

POTENTIAL JOB TITLES:

Economics

Overview. If you choose to study economics, you can expect to learn about economic principles and theory, including the use of math and data analysis. An economics degree can help prepare you for analyzing and forecasting economic trends in order to improve business operations and performance.

COMMON COURSE SUBJECTS:

POTENTIAL JOB TITLES:

Entrepreneurship

Overview. If you want to start, build and manage a business of your own, an entrepreneurship degree can help you to develop the necessary skills to succeed. However, don t be fooled into thinking this degree is only for aspiring business owners. Most of the principles and courses can be applied in any business setting.

COMMON COURSE SUBJECTS:

POTENTIAL JOB TITLES:

Finance

Overview. If you choose to study finance. you ll learn a broad range of concepts and skills including financial analysis, economics, statistics and portfolio management. Majoring in finance will help you pursue opportunities in finance sectors as well as accounting or investment areas.

COMMON COURSE SUBJECTS:

POTENTIAL JOB TITLES:

Healthcare management

Overview. It takes a lot of business acumen to keep a healthcare facility running smoothly and profitably. This major prepares you for providing business management leadership strategies designed to address the unique challenges and intricacies within the growing healthcare industry. You will learn about many of the proven management techniques with a focus on the nuances found within the healthcare industry.

COMMON COURSE SUBJECTS:

POTENTIAL JOB TITLES:

Health services manager

Patient care associate

Hospitality management

Overview. If you have a passion for working with people and a knack for making sure everyone is taken care of, then a hospitality management degree may be right for you. Hotels, event venues and other similar establishments have unique management needs that are different than other businesses. Utilizing a variety of management and communications skills is important for making sure operations run smoothly and guests leave happy.

COMMON COURSE SUBJECTS:

Human resources

Overview. This field is all about people. Whether it s helping employees with navigating benefits enrollment or helping secure the top talent needed for business growth, this field relies on impeccable interpersonal skills. With a human resources (HR) degree. you will learn the skills necessary for managing business and labor practices in addition to learning about organizational development, resources planning and training.

COMMON COURSE SUBJECTS:

POTENTIAL JOB TITLES:

International business

Overview. International business focuses on you guessed it global business organizations. Multinational corporations need employees who are well-suited to deal with the unique challenges presented by doing business across multiple countries.

COMMON COURSE SUBJECTS:

POTENTIAL JOB TITLES:

Supply chain analyst

Business development specialist

Marketing

Overview. Want to help grow and maintain a business by attracting and retaining customers? This is a great option. By majoring in marketing. you ll be focused on learning the fundamentals of areas such as market research, communication and marketing strategies. The marketing department of a business helps accomplish tasks such as product promotion or consumer research in order to achieve business goals like increasing sales, building brand awareness and improving customer retention.

COMMON COURSE SUBJECTS:

Statistics

Overview. We live in an era where more data is being collected by businesses than ever before. But what good is that data if there s no one around to collect, organize and make sense of it all? Statisticians are trained in the collection, organization, analysis and interpretation of numbered data sets. They use these skills to help improve the decision-making ability of businesses by uncovering and planning for trends or patterns on which to act.

COMMON COURSE SUBJECTS:

POTENTIAL JOB TITLES:

Supply chain management

Overview: Ever wonder how the products you order online ends up on your doorstep within days? To steal a line from UPS: That s logistics! A supply chain management degree will prepare you to handle the intricacies of managing a global supply chain (and all of the moving parts that come with it) to ensure a business operations are running efficiently.

COMMON COURSE SUBJECTS:

POTENTIAL JOB TITLES:

Supply chain risk

Choose your business career path

Now that you have a better understanding of the different types of business degrees and the career opportunities associated with each, it s time for you to do some self-evaluation. Do any of the specializations above match your skills and interests? Going forward, your best bet is to find a few areas that appeal to you and dig deeper to learn more about the ins and outs of each focus-area.

For more information about specific business-related career fields, download theBusiness Career Outlook guide.

AUTHOR S NOTE: This article was originally published in October 2013. It has since been updated to include information relevant to 2016.

External links provided on Rasmussen.edu are for reference only. Rasmussen College does not guarantee, approve, control, or specifically endorse the information or products available on websites linked to, and is not endorsed by website owners, authors and/or organizations referenced.

Will is a Content Marketing Specialist at Collegis Education. He researches and writes student-focused articles on a variety of topics for Rasmussen College. He is passionate about learning and enjoys writing engaging content to help current and future students on their path to a rewarding education.

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Types of Business Insurance #business #day

#small business insurance

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Insurance coverage is available for every conceivable risk your business might face. Cost and amount of coverage of policies vary among insurers. You should discuss your specific business risks and the types of insurance available with your insurance agent or broker. Your agency can advise you on the exact types of insurance you should consider purchasing.

General Liability Insurance

Business owners purchase general liability insurance to cover legal hassles due to accident, injuries and claims of negligence. These policies protect against payments as the result of bodily injury, property damage, medical expenses, libel, slander, the cost of defending lawsuits, and settlement bonds or judgments required during an appeal procedure.

Product Liability Insurance

Companies that manufacture, wholesale, distribute, and retail a product may be liable for its safety. Product liability insurance protects against financial loss as a result of a defect product that causes injury or bodily harm. The amount of insurance you should purchase depends on the products you sell or manufacture. A clothing store would have far less risk than a small appliance store, for example.

Professional Liability Insurance

Business owners providing services should consider having professional liability insurance (also known as errors and omissions insurance ). This type of liability coverage protects your business against malpractice, errors, and negligence in provision of services to your customers. Depending on your profession, you may be required by your state government to carry such a policy. For example, physicians are required to purchase malpractice insurance as a condition of practicing in certain states.

Commercial Property Insurance

Property insurance covers everything related to the loss and damage of company property due to a wide-variety of events such as fire, smoke, wind and hail storms, civil disobedience and vandalism. The definition of “property” is broad, and includes lost income, business interruption, buildings, computers, company papers and money.

Property insurance policies come in two basic forms: (1) all-risk policies covering a wide-range of incidents and perils except those noted in the policy; (2) peril-specific policies that cover losses from only those perils listed in the policy. Examples of peril-specific policies include fire, flood, crime and business interruption insurance. All-risk policies generally cover risks faced by the average small business, while peril-specific policies are usually purchased when there is high risk of peril in a certain area. Consult your insurance agent or broker about the type of business property insurance best suited for your small business.

Home-Based Business Insurance

Contrary to popular belief, homeowners’ insurance policies do not generally cover home-based business losses. Depending on risks to your business, you may add riders to your homeowners’ policy to cover normal business risks such as property damage. However, homeowners’ policies only go so far in covering home-based businesses and you may need to purchase additional policies to cover other risks, such as general and professional liability.





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Bond Basics: Different Types Of Bonds #types #of #bail

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Bond Basics: Different Types Of Bonds

Bonds come in many different varieties, and here we will cover just the most common types.

Government Bonds

Government bonds can be issued by national governments as well as lower levels of government. At the national or federal level, these government bonds are known as “sovereign” debt, and are backed by the ability of a nation to tax its citizens and to print currency. In the U.S. federal debt is classified according to its maturity. “Bills” are bonds maturing in less than one year, “Notes” between one and ten years, and “Bonds” maturing in more than ten years. Marketable securities from the U.S. government – known collectively as “Treasuries” – follow this guideline and are issued as Treasury bonds, Treasury notes and Treasury bills (T-bills). All debt issued by the U.S. government is regarded as extremely safe, often referred to as “risk-free” securities, as is the debt of many stable countries. The debt of developing countries, on the other hand, does usually carry substantial risk. Like companies, countries can therefore default on payments. Credit ratings agencies also rate a country’s risk to repay debt in a similar way that they issue ratings on corporate bond issuers. Countries with greater default risk must issue bonds at higher interest rates – which essentially increases their cost of borrowing. Governments also issue bonds that are linked to inflation, known in the U.S. as Treasury Inflation Protected Securities, or TIPS.

The government also issues what are known as zero-coupon or z-bonds. which pay no coupon, but instead are offered at a discount at sale. For example, let’s say a zero-coupon bond with a $1,000 par value and 10 years to maturity is trading at $600; you’d be paying $600 today for a bond that will be worth $1,000 in 10 years. These bonds are known as Treasury STRIPS in the U.S. Government savings bonds are also zero-coupon bonds that gain value as they mature.

Municipal bonds. also known as “munis” are bonds issued by state or local governments or by government agencies. These bonds are typically riskier than national government bonds; cities don’t go bankrupt that often, but it can happen (for example in Detroit and and Stockton, CA). The major advantage to munis for investors is that the returns are free from federal tax, and furthermore, state and local governments will often consider their debt non-taxable for residents, thus making some municipal bonds completely tax free, sometimes called triple-tax free. Because of these tax savings, the yield on a muni is usually lower than that of an equivalent taxable bond. Depending on your personal situation, a muni can be a great investment on an after-tax basis.

Corporate Bonds

The other major issuer of bonds are corporations, and corporate bonds make up a large portion of the overall bond market. Large corporations have a great deal of flexibility as to how much debt they can issue: the limit is generally whatever the market will bear. A corporate bond is considered short-term corporate when the maturity is less than five years; intermediate is five to 12 years, and long-term is over 12 years. Corporate bonds are characterized by higher yields than government securities because there is a higher risk of a company defaulting than a government. The upside is that they can also be the most rewarding fixed-income investments because of the risk the investor must take on, where higher credit companies that are more likely to pay back their obligations will carry a relatively lower interest rate than riskier borrowers. Companies can issue bonds with fixed or variable interest rates and of varying maturity. Bonds issued by highly rated companies are referred to as investment grade while those below investment grade are junk or high-yield .

Convertible bonds are debt issued by corporations that give the bondholder the option to convert the bonds into shares of common stock at a later date. The rate at which investors can convert bonds into stocks, that is, the number of shares an investor gets for each bond, is determined by a metric called the conversion rate. The conversion rate may be fixed or change over time depending on the terms of the offering. A conversion rate of 30 means that for every $1,000 of par value the convertible bondholder converts, she receives 30 shares of stock. It is not always profitable to convert bonds into equity. Investors can determine the breakeven price by dividing the selling price of the bond by the conversation rate. Typically, investors will exercise this option if the share price of the company exceeds the breakeven price. Convertible bonds typically carry lower yields due to this right given to investors.

Callable bonds are bonds that can be redeemed by the issuer at some point prior to its maturity. If interest rates have declined since the company first issued the bond, the company is likely to want to refinance this debt at a lower rate of interest. In this case, the company calls its current bonds and reissues them at a lower rate of interest. Callable bonds typically have a higher interest rate to account for this added risk to investors. When homeowners refinance a mortgage, they are calling in their older debt for a new loan at better rates. Putable bonds allow the bondholder to force the issuer to repurchase the security at specified dates before maturity. The repurchase price is set at the time of issue, and is usually par value. and generally works to the favor of investors. Therefore, yields on these bonds tend to be lower.

Asset-Backed Securities

A third category of bonds is issued by banks or other financial sector participants and are referred to as asset-backed securities or ABS. These bonds are created by packaging up the cash flows generated by a number of similar assets and offering them to investors. If such a bond is backed by a number of mortgages, they are known as mortgage-backed securities or MBS. These bonds are typically reserved for sophisticated or institutional investors and not individuals.





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Types of Sexual Violence #types #of #sexual #violence,types,sexual #assault,child #sexual #abuse,intimate #partner #violence,incest,sexual #assault

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Types of Sexual Violence

  • Sexual Harassment – You should be able to feel comfortable in your place of work or learning. If you are being sexually harassed, you can report it to the authorities at your job, school, or local law enforcement.
  • Stalking – Learn more about stalking behaviors to help you notice them before they escalate—and take steps to protect yourself.
  • Adult Survivors of Child Sexual Abuse – Many perpetrators of sexual abuse are in a position of trust or responsible for the child’s care, such as a family member, teacher, clergy member, or coach.
  • Using Technology to Hurt Others – Some people use technology, such as digital photos, videos, apps, and social media, to engage in harassing, unsolicited, or non-consensual sexual interactions.
  • Sexual Exploitation by Helping Professionals – Sexual exploitation by a helping professional is a serious violation of your trust and, in many cases, the law.
  • Multiple-Perpetrator Sexual Assault – Multiple-perpetrator sexual assault, sometimes called gang rape, occurs when two or more perpetrators act together to sexually assault the same victim.
  • Elder Abuse – As the number of older adults in America increases, it will become all the more important to be aware of the warning signs of elder abuse.
  • Sexual Abuse of People with Disabilities – Consent is crucial when any person engages in sexual activity, but it plays an even bigger, and more complicated role when someone has a disability.
  • Prisoner Rape – If you’re an inmate, a former inmate, or know an inmate who survived sexual assault while in prison, there are resources available to you.
  • Military Sexual Trauma – Military Sexual Trauma, or MST, is the term used by the Department of Veteran Affairs to describe the effects of sexual violence experienced by a military Service member.
  • Legal Role of Consent – The legal definitions for terms like rape, sexual assault, and sexual abuse vary from state to state. Consent often plays an important role in determining whether an act is legally considered a crime.




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      Forms and Types of Business Entities – Choosing a Business Entity #business #plan #pdf

      #types of business

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      Business Entity Types

      To get the most out of your small business, choose the right structure. Selecting the right type of company or corporation for your new business helps maximize your chances of financial and operational success.

      Common types of business structures and corporations include C corporations, limited liability companies (LLC), partnerships, S corporations, and sole proprietorships. Learn more about each type of business or corporation:

      Limited Liability Companies (LLCs)

      • Independent legal structures separate from their owners.
      • Help separate your personal assets from your business debts.
      • Taxed similarly to a sole proprietorship (if one owner) or a partnership (if multiple owners).
      • No limit to the number of owners.
      • Not required to hold annual meetings or record minutes.
      • Governed by operating agreements.

      C Corporations

      • Independent legal and tax structures separate from their owners.
      • Help separate your personal assets from your business debts.
      • No limit to the number of shareholders.
      • Taxed on corporate profits and shareholder dividends.
      • Must hold annual meetings and record meeting minutes.

      S Corporations

      • Independent legal and tax structures separate from their owners.
      • Help separate your personal assets from your business debts.
      • Owners report their share of profit and loss in the company on their personal tax returns.
      • Limits on number of shareholders, who must be U.S. citizens or residents.
      • Must hold annual meetings and record meeting minutes.

      Partnerships

      • Partners remain personally liable for lawsuits filed against the business.
      • Usually no state filing required to form a partnership.
      • Easy to form and operate.
      • Owners report their share of profit and loss in the company on their personal tax returns.

      Sole Proprietorships

      • Owner remains personally liable for lawsuits filed against the business.
      • No state filing required to form a sole proprietorship.
      • Easy to form and operate.
      • Owner reports business profit and loss on their personal tax return.

      Review our Business Comparison Chart for more details. Regardless of business structure you choose, incorporate.com can help you incorporate or form an LLC online or by phone for less than the cost of using an attorney.

      Ready to Form a Business? Get Started





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      The Beginner – s Guide to Different Types of Business Degrees #designing #business #cards

      #business degree

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      The Beginner s Guide to Different Types of Business Degrees

      Take a look around your home. Nearly every item you own has an entire industry based around it, and each of those industries has multiple business functions within them. Because of this complexity, there is a huge variety in the different types of business degrees available to you.

      With so many specializations within business degree programs, it can be a bit daunting when trying to decide which best fits your interests or career aspirations. To help you decipher the diversity, we broke down a list of some of the most common types of business degrees, the courses to expect and some examples of the jobs you can do with them.

      Keep reading to get acclimated with 15 facets of the business field and start to get a feel for which area appeals to you.

      15 Types of business degrees to consider

      Accounting

      Overview. Love numbers? Have an eye for detail? When studying accounting you will develop your understanding of generally accepted accounting principles, tax law, the process of managing financial documents and how it impacts business operations. The accounting field has several potential career paths and this degree will equip you to pursue different types of accounting, audit or tax-related positions within a variety of organizations.

      COMMON COURSE SUBJECTS:

      Advertising

      Overview. Think you have the creativity to develop an ad that cuts through the clutter and sticks in the mind of a potential customer? With an advertising degree you ll learn how to make a message stand out from the crowd by learning about what makes an audience tick and how to best reach them. This is a great choice if you re looking for a way to leverage your creative ability in the world business.

      COMMON COURSE SUBJECTS:

      POTENTIAL JOB TITLES:

      Business management

      Overview: There s a lot to learn about managing a business or department. A business management degree will give you a solid comprehensive foundation in important business areas like accounting, sales, operations and organizational leadership. You ll also be better equipped to manage and lead a team of people, which is beneficial if you have hopes of advancing your career into leadership positions.

      COMMON COURSE SUBJECTS:

      POTENTIAL JOB TITLES:

      Economics

      Overview. If you choose to study economics, you can expect to learn about economic principles and theory, including the use of math and data analysis. An economics degree can help prepare you for analyzing and forecasting economic trends in order to improve business operations and performance.

      COMMON COURSE SUBJECTS:

      POTENTIAL JOB TITLES:

      Entrepreneurship

      Overview. If you want to start, build and manage a business of your own, an entrepreneurship degree can help you to develop the necessary skills to succeed. However, don t be fooled into thinking this degree is only for aspiring business owners. Most of the principles and courses can be applied in any business setting.

      COMMON COURSE SUBJECTS:

      POTENTIAL JOB TITLES:

      Finance

      Overview. If you choose to study finance. you ll learn a broad range of concepts and skills including financial analysis, economics, statistics and portfolio management. Majoring in finance will help you pursue opportunities in finance sectors as well as accounting or investment areas.

      COMMON COURSE SUBJECTS:

      POTENTIAL JOB TITLES:

      Healthcare management

      Overview. It takes a lot of business acumen to keep a healthcare facility running smoothly and profitably. This major prepares you for providing business management leadership strategies designed to address the unique challenges and intricacies within the growing healthcare industry. You will learn about many of the proven management techniques with a focus on the nuances found within the healthcare industry.

      COMMON COURSE SUBJECTS:

      POTENTIAL JOB TITLES:

      Health services manager

      Patient care associate

      Hospitality management

      Overview. If you have a passion for working with people and a knack for making sure everyone is taken care of, then a hospitality management degree may be right for you. Hotels, event venues and other similar establishments have unique management needs that are different than other businesses. Utilizing a variety of management and communications skills is important for making sure operations run smoothly and guests leave happy.

      COMMON COURSE SUBJECTS:

      Human resources

      Overview. This field is all about people. Whether it s helping employees with navigating benefits enrollment or helping secure the top talent needed for business growth, this field relies on impeccable interpersonal skills. With a human resources (HR) degree. you will learn the skills necessary for managing business and labor practices in addition to learning about organizational development, resources planning and training.

      COMMON COURSE SUBJECTS:

      POTENTIAL JOB TITLES:

      International business

      Overview. International business focuses on you guessed it global business organizations. Multinational corporations need employees who are well-suited to deal with the unique challenges presented by doing business across multiple countries.

      COMMON COURSE SUBJECTS:

      POTENTIAL JOB TITLES:

      Supply chain analyst

      Business development specialist

      Marketing

      Overview. Want to help grow and maintain a business by attracting and retaining customers? This is a great option. By majoring in marketing. you ll be focused on learning the fundamentals of areas such as market research, communication and marketing strategies. The marketing department of a business helps accomplish tasks such as product promotion or consumer research in order to achieve business goals like increasing sales, building brand awareness and improving customer retention.

      COMMON COURSE SUBJECTS:

      Statistics

      Overview. We live in an era where more data is being collected by businesses than ever before. But what good is that data if there s no one around to collect, organize and make sense of it all? Statisticians are trained in the collection, organization, analysis and interpretation of numbered data sets. They use these skills to help improve the decision-making ability of businesses by uncovering and planning for trends or patterns on which to act.

      COMMON COURSE SUBJECTS:

      POTENTIAL JOB TITLES:

      Supply chain management

      Overview: Ever wonder how the products you order online ends up on your doorstep within days? To steal a line from UPS: That s logistics! A supply chain management degree will prepare you to handle the intricacies of managing a global supply chain (and all of the moving parts that come with it) to ensure a business operations are running efficiently.

      COMMON COURSE SUBJECTS:

      POTENTIAL JOB TITLES:

      Supply chain risk

      Choose your business career path

      Now that you have a better understanding of the different types of business degrees and the career opportunities associated with each, it s time for you to do some self-evaluation. Do any of the specializations above match your skills and interests? Going forward, your best bet is to find a few areas that appeal to you and dig deeper to learn more about the ins and outs of each focus-area.

      For more information about specific business-related career fields, download theBusiness Career Outlook guide.

      AUTHOR S NOTE: This article was originally published in October 2013. It has since been updated to include information relevant to 2016.

      External links provided on Rasmussen.edu are for reference only. Rasmussen College does not guarantee, approve, control, or specifically endorse the information or products available on websites linked to, and is not endorsed by website owners, authors and/or organizations referenced.

      Will is a Content Marketing Specialist at Collegis Education. He researches and writes student-focused articles on a variety of topics for Rasmussen College. He is passionate about learning and enjoys writing engaging content to help current and future students on their path to a rewarding education.

      Connect with Will Erstad

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      Types of Business Insurance #business #cards #printing

      #small business insurance

      #

      Insurance coverage is available for every conceivable risk your business might face. Cost and amount of coverage of policies vary among insurers. You should discuss your specific business risks and the types of insurance available with your insurance agent or broker. Your agency can advise you on the exact types of insurance you should consider purchasing.

      General Liability Insurance

      Business owners purchase general liability insurance to cover legal hassles due to accident, injuries and claims of negligence. These policies protect against payments as the result of bodily injury, property damage, medical expenses, libel, slander, the cost of defending lawsuits, and settlement bonds or judgments required during an appeal procedure.

      Product Liability Insurance

      Companies that manufacture, wholesale, distribute, and retail a product may be liable for its safety. Product liability insurance protects against financial loss as a result of a defect product that causes injury or bodily harm. The amount of insurance you should purchase depends on the products you sell or manufacture. A clothing store would have far less risk than a small appliance store, for example.

      Professional Liability Insurance

      Business owners providing services should consider having professional liability insurance (also known as errors and omissions insurance ). This type of liability coverage protects your business against malpractice, errors, and negligence in provision of services to your customers. Depending on your profession, you may be required by your state government to carry such a policy. For example, physicians are required to purchase malpractice insurance as a condition of practicing in certain states.

      Commercial Property Insurance

      Property insurance covers everything related to the loss and damage of company property due to a wide-variety of events such as fire, smoke, wind and hail storms, civil disobedience and vandalism. The definition of “property” is broad, and includes lost income, business interruption, buildings, computers, company papers and money.

      Property insurance policies come in two basic forms: (1) all-risk policies covering a wide-range of incidents and perils except those noted in the policy; (2) peril-specific policies that cover losses from only those perils listed in the policy. Examples of peril-specific policies include fire, flood, crime and business interruption insurance. All-risk policies generally cover risks faced by the average small business, while peril-specific policies are usually purchased when there is high risk of peril in a certain area. Consult your insurance agent or broker about the type of business property insurance best suited for your small business.

      Home-Based Business Insurance

      Contrary to popular belief, homeowners’ insurance policies do not generally cover home-based business losses. Depending on risks to your business, you may add riders to your homeowners’ policy to cover normal business risks such as property damage. However, homeowners’ policies only go so far in covering home-based businesses and you may need to purchase additional policies to cover other risks, such as general and professional liability.





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      Types of Businesses and Forms of Business Organizations #business #plan #format

      #types of business

      #

      A business is an organization that uses economic resources or inputs to provide goods or services to customers in exchange for money or other goods and services.

      Business organizations come in different types and forms.

      3 Types of Business

      There are three major types of businesses:

      1. Service Business

      A service type of business provides intangible products (products with no physical form). Service type firms offer professional skills, expertise, advice, and other similar products.

      Examples of service businesses are: schools, repair shops, hair salons, banks, accounting firms, and law firms.

      2. Merchandising Business

      This type of business buys products at wholesale price and sells the same at retail price. They are known as buy and sell businesses. They make profit by selling the products at prices higher than their purchase costs.

      A merchandising business sells a product without changing its form. Examples are: grocery stores, convenience stores, distributors, and other resellers.

      3. Manufacturing Business

      Unlike a merchandising business, a manufacturing business buys products with the intention of using them as materials in making a new product. Thus, there is a transformation of the products purchased.

      A manufacturing business combines raw materials, labor, and factory overhead in its production process. The manufactured goods will then be sold to customers.

      Hybrid Business

      Hybrid businesses are companies that may be classified in more than one type of business. A restaurant, for example, combines ingredients in making a fine meal (manufacturing), sells a cold bottle of wine (merchandising), and fills customer orders (service).

      Nonetheless, these companies may be classified according to their major business interest. In that case, restaurants are more of the service type they provide dining services .

      Forms of Business Organization

      These are the basic forms of business ownership:

      1. Sole Proprietorship

      A sole proprietorship is a business owned by only one person. It is easy to set-up and is the least costly among all forms of ownership.

      The owner faces unlimited liability ; meaning, the creditors of the business may go after the personal assets of the owner if the business cannot pay them.

      The sole proprietorship form is usually adopted by small business entities.

      2. Partnership

      A partnership is a business owned by two or more persons who contribute resources into the entity. The partners divide the profits of the business among themselves.

      In general partnerships, all partners have unlimited liability. In limited partnerships, creditors cannot go after the personal assets of the limited partners.

      3. Corporation

      A corporation is a business organization that has a separate legal personality from its owners. Ownership in a stock corporation is represented by shares of stock .

      The owners (stockholders) enjoy limited liability but have limited involvement in the company’s operations. The board of directors. an elected group from the stockholders, controls the activities of the corporation.

      In addition to those basic forms of business ownership, these are some other types of organizations that are common today:

      Limited Liability Company

      Limited liability companies (LLCs) in the USA, are hybrid forms of business that have characteristics of both a corporation and a partnership. An LLC is not incorporated; hence, it is not considered a corporation.

      Nonetheless, the owners enjoy limited liability like in a corporation. An LLC may elect to be taxed as a sole proprietorship, a partnership, or a corporation.

      Cooperative

      A cooperative is a business organization owned by a group of individuals and is operated for their mutual benefit. The persons making up the group are called members. Cooperatives may be incorporated or unincorporated.

      Some examples of cooperatives are: water and electricity (utility) cooperatives, cooperative banking, credit unions, and housing cooperatives.





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