Tag: Types

Types of Businesses and Forms of Business Organizations

A business entity is an organization that uses economic resources to provide goods or services to customers in exchange for money or other goods and services.

Business organizations come in different types and in different forms of ownership.

3 Types of Business

There are three major types of businesses:

1. Service Business

A service type of business provides intangible products (products with no physical form). Service type firms offer professional skills, expertise, advice, and other similar products.

Examples of service businesses are: salons, repair shops, schools, banks, accounting firms, and law firms.

2. Merchandising Business

This type of business buys products at wholesale price and sells the same at retail price. They are known as “buy and sell” businesses. They make profit by selling the products at prices higher than their purchase costs.

A merchandising business sells a product without changing its form. Examples are: grocery stores, convenience stores,

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5 Types of Business Intelligence Tools You Didn’t Know You Needed

Better business intelligence leads to smarter business decisions, yet many companies continue to rely on outdated equipment and practices. Some do it because they can’t find room in the budget. Others don’t even realize they have options. With a new year on the calendar and more intelligence tools on the market than ever, company leaders can’t afford to enter battle in the 2020s using last decade’s weapons.



Types of Business Intelligence Tools

Check out these critical types of intelligence tools every business needs in the new decade:

1. Reporting

You may know where to find your data, but do you know what that data says? With smarter reporting tools, you can understand the insights lying hidden in your activities and use that knowledge to make better decisions for your company.

For example, many businesses rely on a group purchasing organization (GPO) to get access to discounts for supplies

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Types of insurance – Money Advice Service

It’s unlikely that you’ll need every insurance product on the market, even if you could afford them all. But how do you know whether your hard-earned cash is going on the policies you need the most? The table below is designed to help you make the right decisions for you and your household budget.

Home insurance

What does home insurance cover? Do you need it?
Buildings insurance
  • Covers the cost of repairing or rebuilding your home if it’s damaged by storm, floods, fire, lightning, subsidence, etc
  • You won’t be covered for general wear and tear
  • You’re unlikely to be covered for properties left unoccupied for more than 60 continuous days
Yes, it is a legal requirement if you own your home, plus mortgage lenders normally insist on you having buildings cover.
  • Repairing your home can be very expensive so buildings insurance could save you a fortune in the long run
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What are the Different Types of Insurance – General & Life Insurance

Risk is everywhere: When you drive your car to work, when you visit a new country, when you ride your bike to a nearby shop, when there’s a new bug going around in town.

Bottomline: You need the security of insurance.

There are two broad types of insurance:

  • Life Insurance
  • General Insurance

And you need both in life.

Why you need Life and General Insurance?

As you can see, there’s always a need for insurance, be it a life insurance or otherwise.

So, before you decide to get one, read one more about all the insurances available.

 Types of Insurance

What is Life Insurance

Life insurance is a contract that offers financial compensation in case of death or disability. Some life insurance policies even offer financial compensation after retirement or a certain period of time. Life insurance, thus, helps you secure your family’s financial security even in

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7 Types of Insurance You Need to Protect Your Business


4 min read

Opinions expressed by Entrepreneur contributors are their own.


From the day an entrepreneur starts a business, he exposes himself to certain risks. Even before the first employee is hired, a business is at risk, making it important to have the right insurance in place. One lawsuit or catastrophic event could be enough to wipe out a small business before it even has a chance to get off the ground.

Fortunately, businesses have access to a wide range of insurance types to protect them against these dangers. Here are some insurance types that a business must have in place as soon as possible.

1. Professional liability insurance.

Professional liability insurance, also known as errors and omissions (E&O) insurance, covers a business against negligence claims due to harm that results from mistakes or failure to perform. There is no one-size-fits-all policy for professional liability insurance. Each

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Entrepreneurship Degree: Definition, Types and Careers

An entrepreneurship degree is an academic degree awarded to students who have completed a college, university, or business school program related to entrepreneurship or small business management.

Types of Entrepreneurship Degrees

There are four basic types of entrepreneurship degrees that can be earned from a college, university, or business school:

  • Associate’s Degree: An associate’s degree, also known as a two-year degree, is the next level of education after earning a high school diploma or GED.
  • Bachelor’s Degree: A bachelor’s degree is another option for students who’ve already earned a high school diploma or GED. Most bachelor’s programs take four years to complete, but there are exceptions. Accelerated three-year programs are also available.
  • Master’s Degree: A master’s degree is a graduate-level degree for students who have already earned a bachelor’s degree. Students can choose to earn an MBA or a specialized master’s degree.
  • Doctorate Degree: A doctorate degree is the
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7 Types of Insurance

7 Types of Insurance are; Life Insurance or Personal Insurance, Property Insurance, Marine Insurance, Fire Insurance, Liability Insurance, Guarantee Insurance.

Types of Insurance Business are;

  • Life Insurance or Personal Insurance.
  • Property Insurance.
  • Marine Insurance.
  • Fire Insurance.
  • Liability Insurance.
  • Guarantee Insurance.
  • Social Insurance.

These are explained below.

Life Insurance

Life Insurance is different from other insurance in the sense that, here, the subject matter of insurance is the life of a human being.

The insurer will pay the fixed amount of insurance at the time of death or at the expiry of a certain period.

At present, life insurance enjoys maximum scope because life is the most important property of an individual.

Each and every person requires insurance.

This insurance provides protection to the family at the premature death or gives an adequate amount at the old age when earning capacities are reduced.

Under personal insurance, a payment is made at the accident.

The insurance is not only a protection but is a sort of investment because a certain sum is

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The Four Types of Entrepreneurship

Not all entrepreneurship is the same. Steve Blank clearly describes four different types:

1. Small Business Entrepreneurship
Today, the overwhelming number of entrepreneurs and startups in the United States are still small businesses. There are 5.7 million small businesses in the U.S. They make up 99.7% of all companies and employ 50% of all non-governmental workers.

Small businesses are grocery stores, hairdressers, consultants, travel agents, internet commerce storefronts, carpenters, plumbers, electricians, etc. They are anyone who runs his/her own business. They hire local employees or family. Most are barely profitable. Their definition of success is to feed the family and make a profit, not to take over an industry or build a $100 million business. As they can’t provide the scale to attract venture capital, they fund their businesses via friends/family or small business loans.

2. Scalable Startup Entrepreneurship
Unlike small businesses, scalable startups are what Silicon Valley entrepreneurs and

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Business Degrees | Complete Guide to the Types of Business Degrees

Discover the diversity of specializations available in a business degree program. Explore career options in business, degree levels and requirements, and course topics to help you discern the right business degree for you.

What is a Business Degree?

A business degree opens the door to a wide variety of careers in a number of growing fields, including finance, human resources, marketing, and even in international business. There are many different types of business degrees available, from the associate level to the doctoral level.

While undertaking a business degree or certificate program, you can expect to engage in multidisciplinary coursework covering a wide variety of topics, including economics, organizational management, and entrepreneurship. Earning a business degree will give you the interpersonal, financial management, and leadership skills that will benefit you in your career.

When considering a business degree, you should look at several factors, including:

  • The amount of time you can
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Types of Entrepreneur

Types of Entrepreneur

There are probably as many different types of entrepreneurs as there are people, since one of the great joys of being an entrepreneur is the freedom to invent and re-invent yourself and your business to meet your requirements and the needs of the market in which you operate. That’s why agility, flexibility and future focus are clear advantages to successful entrepreneurs and most would resist being placed in any kind of box, and often defy description in the breadth and diversity of their activities.

That said, there are a number of general categories by which entrepreneurs can be loosely described, as shown here.

Social Entrepreneurs 

A rapidly growing and vibrant sector, social entrepreneurs play an important role in providing products and services with the overall intention of creating social good, operating from a triple bottom line perspective of people, planet, profit.  Profit is often reinvested into the

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