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What successful business owners went bankrupt before they were successful?
Wiki User
∙ 10y ago
Yes, you can get a bank account if you are bankrupt, eventhough some banks won't allow to give you an account if you've just recently declared bankruptcy. Only open a bank account after you've been declared bankrupt.
Wiki User
∙ 10y ago
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What does limited liablitlty mean?
In business terms it means that the owners of the business (ie shareholders) are not liable for the businesses actions. Basically, if the business were to get in debt, and become bankrupt, it would not make the owners bankrupt, just the company. The owners and the company are separate in the eyes of the law.
What aspect of wal-mart the business so successful?
It is so successful cause the owners are sarmt they get their products from china
What is the purpose of BPM tools?
Business process management is really important to businessman nowadays. It's purpose was to guide business owners to be successful on their business.
What is the meaning of entrepreneurial competencies?
Personal entrepreneurial competencies are those skills business owners demonstrate that help their business be successful. These skills aren't learned, they are innate.
Which of the following statement is true about absenteeism is false?
Successful business owners adopt tough policies with respect to unjustified absences
What is the meaning of personal entrepreneurial competencies?
Personal entrepreneurial competencies are those skills business owners demonstrate that help their business be successful. These skills aren't learned, they are innate.
Why is owners equity regarded as a liability to the business?
Owners equity is the amount invested by the owner of business to the company and as a seperate entity it is the liability of the business to return back that amount to owners as owners are seperate entity to business.
Who is Inc magazine's target audience?
Inc magazine's target audience is typically comprised of entrepreneurs, small business owners, and professionals interested in business trends, management strategies, and insights on building and growing successful businesses. They are seeking practical advice, inspiration, and resources to help them succeed in their ventures.
Is owners equity equal to the business liabilities less the business assets?
No. Owners Equity is equal to Business Assets less Business Liabilities.
How much do people get paid by owning their own business?
That entirely depends on how successful the business is. In the first years of most businesses the owners usually don't manage to get much pay. Later, the rewards may be high.
What happens when the owner invests cash in a business?
When owner invests more cash in business it increases the owners capital in business and business becomes more liable towards it's owners.
Where can you find a sample business plan for an online tutoring service?
SmallBusinessPoint The small business plans included are from existing successful profitable companies and start-ups. Sample plans can be used by new entrepreneurs as a guide, learning from other business owners.
