Business Wikipedia

As a startup, your goal was to achieve profitability and consistent revenue generation. However, this is no time to simply stay the course, no matter how well you think the business is doing. The transition from startup to established entity requires reassessing your goals, marketing strategy and approach to financing. This includes using personal funds, finding investors, or taking out loans.

Select an Ownership Structure

• Businesses can be for-profit entities or nonprofit organizations fulfilling a charitable mission or furthering a social cause.
• A business is an entity that provides goods and/or services to interested parties in exchange for financial payment.
• What your customers want and need changes over time, so capitalizing on these changes requires that you get ahead of them by constantly analyzing the features they prize and those they shun.
• The HRM route is for those who prefer an administrative role as it involves oversight of the entirety of the company.
• The Bureau of Labor Statistics (BLS) estimates that one in five businesses fail in their first year, nearly half within five years and close to two-thirds before they reach 10 years.
• The expectations of your workers change as the company transitions from startup to an established business.

Corporations are considered to be juridical persons in many countries, meaning that the business can own property, take on debt, and be sued in court. Businesses that have gone public are subject to regulations concerning their internal governance, such as how executive officers’ compensation is determined, and when and how information is disclosed to shareholders and to the public. In the United States, these regulations are primarily implemented and enforced by the United States Securities and Exchange Commission (SEC). The regulations are implemented and enforced by the China Securities Regulation Commission (CSRC) in China. In Singapore, the regulatory authority is the Monetary Authority of Singapore (MAS), and in Hong Kong, it is the Securities and Futures Commission (SFC). Keep these factors in mind when you’re considering the purchase of an ongoing business accounting blog business.