If you are on the verge of launching yourself in a career of your choice you may want to consider the various options that you have. Your choice depends upon your core competency, availability or ability to raise capital and appetite for risk. Assess each option carefully and choose the one that suits you the best. You may think that choosing to work for someone else is best but it many cases it...

There are times when a business has reached a certain level and the owner wants to sell it for whatever reason. Before selling a company it is imperative that it is valuated so as to arrive at its fair value. There are also times when a business owner wants to get a business valuated for reasons other than selling it. Business valuation is primarily an estimation of the monetary value of an owne...

Starting a new business? Or do you think that your hobby has matured with time and you can now make money out of it? If you want to formalize a business, you need to first decide the type of business entity you want to form. Cash is easy to handle. People pay you for what you have to offer, your expertise, support or a handiwork. You accept checks or PayPal payments that are linked to your bank...

We have been taught in school that income is financial gain that accrues over a period of time. However, income may be earned or unearned, active or passive. Any income that accrues from investments and sources other than employment services is termed as unearned. Unearned income is slightly different from passive income. Passive income is income that does not require much effort to maintain. So...