If you’re planning to start a retail business, you will want to know what type of entity you should choose. There are three different types of entities available for retail businesses: Sole Proprietorship, Partnership, and Corporation. This guide will explain each of these three entities and their pros and cons so that you can make the right decision for your business. The Three Main Entities Retail businesses come in many shapes and sizes. There are small mom & pop shops, …
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The advent of the technological age has introduced innovations that help improve people’s way of life. It also helped many industries to advance, one of which is the financial industry. More people now use e-wallets and online banking apps. Aside from this, a new currency has been created, the cryptocurrency or digital currency. Although cryptocurrency has been lauded for its anonymity and decentralized network, it is still considered taxable by the government as an individual’s “property” or capital asset. There …
Maintaining mental health is becoming one of the main challenges for both individuals and the global economy. More and more people are suffering from depression, anxiety, and other mental disorders. The COVID-19 pandemic with all the consequences has aggravated the situation. No wonder the global market for mental health services, according to Report Ocean, will grow at 3.7% per year in the coming years and will reach $540 billion by 2030. Mobile applications play an important role: they are always …
Since the pandemic has hit us, the lockdown has been implemented, and people have started working from home. Every business got affected and slowed down. Instead of buying products from the market, people choose to order them online, from groceries and food to heavy goods and furniture. So, one business affected positively and flourished is the delivery business. As per a report of Businesswire, the global food delivery market is expected to hit $192.16 billion in 2025 at a CAGR …
Lean manufacturing is also called just-in-time production, and its primary purpose is to get rid of waste materials in the production process, optimize productivity, and reduce market time. Lean productions aim to deliver value to the client and have tools to make it more efficient. Lean was created originally by Toyota to eliminate inefficiency and waste in manufacturing operations. This process has become widespread and is being embraced in different sectors globally. Lean production’s main goal is to eliminate waste …