All financial income sources carry a similar weight. However, when it comes to achieving financial freedom, passive income is considered an important step after active income, and have more advantages than active income. Active income is the income generated from personal efforts, such as being employed by a company. An individual needs to keep […]
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To identify new businesses opportunities in the market, particularly in a time of crisis, entrepreneurs can identify opportunities for new business ventures by researching human cognition, and the products need in the market, using cognitive frameworks they have acquired through experience to perceive connections between seemingly unrelated events or trends in the external
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The energy sector has been an essential driver of global economic growth, providing fuel to power the rest of the economy. Companies in the energy industry are classified based on how the energy is sourced, such as non-renewables or fossil fuels, and renewables, such as solar. Unfortunately, due to the Ukrainian crisis and the western
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Historically, about half of all small businesses fail within the first five years. The information industry has the highest failure rate in the United States, with 25 percent of these businesses failing within the first year. Further, forty percent of information industry businesses fail within the first three years, and 53 percent fail within the
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You might be encouraged when seeing the list of the wealthiest people in the world in 2021, and to realize that the majority are business owners. They became wealthy by creating value. To realize profit and accumulate wealth. Those entrepreneurs have to come up with the right idea of a product or service, find customers
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