Category: Business

1. What is an emergency fund? A must-have to provide a savings reserve for treating unexpected expenses such as medical bills, car repairs, or job loss, to ensure that you do not have to generate more finance by using your credit cards or loans to cover during financial emergencies. 2. Why is having an emergency … Read More “Top 10 Questions Answered About Building an Emergency Fund” »

1. What is a solopreneur? A solo entrepreneur is an individual who starts and runs a business on her or his own with no co-founders or employees. They handle all aspects of the business, from product development to marketing and customer service. 2. How do I know if becoming a solopreneur is right for me? … Read More “Top 10 Questions Answered About Becoming a Solopreneur” »

1. What is a franchise business? A franchise business refers to a franchisee who receives permission from a franchisor – the original owner of the business – to sell the business to a third party, using its brand, model, and future support in return for fees or royalties. 2. How is owning a franchise different … Read More “20 Questions About Managing a Franchise Business Answered” »

1. What is an elevator pitch? An elevator pitch is a concise and persuasive summary of your business, product, or service that can be delivered in the time span of an elevator ride (typically 30-60 seconds). 2. Why is an elevator pitch important? An elevator pitch is essential because it is a quick and effective … Read More “30 FAQs Answered About Crafting the Perfect Business Elevator Pitch” »