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Entrepreneurialism
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Spreading Like Wildfire
Running your own home based business has never been more desirable that today, and there is a massive opportunity in the entertainment industry. The combination of three of most powerful social networking phenomena has made this a serious contender.
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The Four Fundamentals of Every Web Business
There are four components to every web business. Until you understand them, you’ll never be able to make any money online. Once you understand them, they need be put into practice, if you wish to be successful.
The four strategic components that make up every web business are:
• PRODUCT
• TECHNOLOGY
• TRAFFIC
• CONVERSION
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Info Products Go to the Bank
When going online to make money, the would-be entrepreneur has the choice of selling physical products OR digital information products. Physical products are tangible things like; cars, golf clubs, shoes, etc. Information products are things like books, newsletters, software, music, movies, courses, etc., where the value is in the information they contain, not in the tangible elements.
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Licensing Your Way to Wealth
Michael Croix, author of Inventing on a Budget and Cashing in on the American Dream, writes about the many advantages licensing intellectual property has over trying to venture a new product. By licensing their inventions to industry leaders, independent inventors simultaneously reduce their risk while maximizing their chances for success.
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Piercing the Corporate Veil
Piercing the corporate veil is a fancy phrase that means that somebody or something is attempting to hold the shareholders of a corporation personally liable for the corporation's debts. Veil piercing is not an easy task and requires many factors to be proven.
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The Corporation
The corporation is probably the mother of all limited liability entities. The case law is vast and the complexities are many. However, a corporation can be a great business form if you know the differences between the various types of corporations.
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The Types of Business Organizations
Business entities can be distinguished into two different categories: (1) unlimited liability entities; and (2) limited liability entities. Both types have advantages and disadvantages.
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