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Showing posts with the label company establishment

Important links from the point of view of starting a company

Kuva Margit Mannila    Important and useful links from point of view a starting a company.  Links 5 Whys? (25.5.2023). Origins of the 5 Whys Technique Sakichi Toyoda, the Japanese industrialist, inventor, and founder of Toyota Industries, developed the 5 Whys technique in the 1930s. It became popular in the 1970s, and Toyota still uses it to solve problems today. (Source 5 Whys? ) 10 "best" AI tools for business . " (25.5.2023). Artificial intelligence (AI) technologies have opened up countless new opportunities for every size business across the globe. AI is providing deep insights like never before, and it is helping turn many business processes more efficient. Whether you are a freelancer with a one-person business or in charge of multiple employees, there are many tools that can improve your operations."    Adeoye, P. Concept Mapping . (25.5.2023). " A concept map is a sense-making tool that connects a large number of ideas, objects, and ...

Who are your competitors?

    Photo Margit Mannila Direct, indirect and replacement competition. Important questions are: Who are your competitors? What you need to know about your competitors Learning about your competitors Hearing about your competitors How to act on the competitor information you get Source from this link . (29.3.2023).   Source  Pono (2018, i.a).   Source Source Competitive analysis canvas . (29.3.2023) References  Business Competition: Definition and Types. Indeed Editorial Team. https://www.indeed.com/career-advice/career-development/business-competition (29.3.2023). Competitive analysis canvas https://thecanvasrevolution.com/product/competitive-analysis-canvas   (29.3.2023). How to identify competitors to your business? Digital school of marketing. https://digitalschoolofmarketing.co.za/sales-blog/how-do-you-identify-competitors-to-your-business/ (29.3.2023).   Invest Northen Ireleand. Understand your competitors . (29.3.2023)...

The most important skills entrepreneurs need

  Kuva Margit Mannila        The most important skills entrepreneurs need that listed in different sources. Here are some of them.  Herrity, J. (2022). A Guide to Entrepreneurial Skills: Definition and Examples . (23.3.2023).   Tarver, E. (2022).  5 Skills Every Entrepreneur Should Have . Investopedia. (23.3.2023).  Key takeways according Tarver (2022, i.a.) are: Entrepreneurship can be quite rewarding, but also comes with several unique risks. To mitigate the risk of financial loss or failure, it serves a business owner to have a certain set of skills. A great entrepreneur must be able to effectively communicate, sell, focus, learn, and strategize. An ability to continuously learn is not just a key entrepreneurial skill, but also a very valuable life skill. Growing a business requires a sound strategy based on inherent business sense and skills.     EntreComp Entrepreneurship Framework . Take a look also at the list of competen...

Contracts vs. Agreements

Kuva Margit Mannila Contracts vs. Agreements Many people use the terms contract and agreement interchangeably, but they are not precisely the same thing.  Black's Law Dictionary  defines an agreement as "a mutual understanding between...parties about their relative rights and responsibilities." It defines a contract as "An agreement between...parties creating obligations that are enforceable."  ( The basicks of business and agreements . 1.2.2019) Take a alook agreement and also contract Laki varallisuusoikeudellisista oikeustoimista 228/1929 . Finlex. (1.2.2019).  Contracts Act 228/1929 English translation    law of property -varallisuusoikeus  oikeustoimi   legal act , act in law , legal transaction , juridical act , judicial act What you need to write? It is said that a contract is a legally-binging agreement which recognises and governs the rights and duties of the contracting parties to the agre...