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An Aspirin or an Autoresponder!
Tired of silly old email enquiries? Say hello to autoresponders! If there's one thing that drives us all crazy, it's not having enough hours in the day. You need hours to work out your internet marketing, your sales, your budgets, follow up on...
Avoiding ID Theft and Credit Fraud
Article excerpted from the new book, “How to Do Space Age Work with a Stone Age Brain” TM copyright 2004, all rights reserved, by Eve Abbott, the Organizer Extraordinaire
Each year billions of dollars in credit fraud is perpetrated on...
Credibility + Exposure = Adult Ed Teaching
How can you gain credibility and exposure for you and your business, reach a motivated audience, develop a far-flung network, hone your presentation skills -- and get paid to do it? Many executives and entrepreneurs have found an answer: they teach...
Steer Your Career in the Right Direction - Home
You are on your way home from work. You are relieved, happy, confident. Because you just told your boss you are not coming back. The ride home with the traffic surrounding you doesn't bother you one bit. Because you won't have to do it ever...
Veteran Entrepreneurs Are Growing In Ranks
When I’m not running my own business, writing articles about business, speaking to groups and organizations about business, or consulting with companies who want my advice about the running of their business, I teach a weekly class on the subject of...
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A Company Law Jargon Buster
Company law is full of confusing terms, and if you don't know
what they mean then settung up a company can start to look far
more scary than it really should be. Read through this jargon
buster and you should find it much easier to understand what
starting up is all about.
Capital. This is money that is going to be invested in a
business. Example: 'I am starting my business with $5,000
capital, $2,000 of which is my own'.
Contract. When you sign a legal document, you are entering into
a contract. Starting a business lets you sign and enter into
contracts on behalf of the business -- the contract will be
between the other person and your company, not you.
Director. The people ultimately in charge of a company are its
directors. For a large company, there will be a boards of
directors, appointed by the shareholders. For a home business,
though, you can appoint yourself as the sole director since you
are also the sole shareholder (see 'shareholder').
Incorporation. This is the formal name for the process of
starting a company. Example: 'My business was incorporated in
March 2000'.
Insolvency. When a company cannot afford to pay its debts. The
type of company you have set up will affect what happens in this
situation -- you may be liable for all of the debt yourself, or
for none.
Limited liability. A limited liability company is one where you
agree beforehand how much responsibility you will take if
anything goes wrong. This protects you from being destroyed
financially if something bad happens to your business.
Office. Your company's 'office' isn't just a place with
computers -- it's also a legal concept, meaning where your
company is based. Your company must have a registered office,
which means that you can't start a company unless you have an
address which would be legal to use for this purpose.
Private. A home business will be private, which means that
members of the public cannot invest by buying shares. This does
not stop individuals from buying percentages of your company if
you are willing to sell, though. Starting your company as a
private one also doesn't stop you from converting it to a public
one later on.
Proxy. Someone who acts as a proxy for you acts on your
behalf
-- you have given them the legal right to speak for you. For
example, if you get a lawyer to handle the incorporation of your
company, they will be incorporating it for you by proxy.
Shareholders. The shareholders are the people who own the
company. In your company, you will be the only shareholder (and
so own 100% of your business), unless you've made a deal with
someone else for them to own a share.
Latin.
When you're dealing with law, the amount of Latin involved can
be confusing. Here are some Latin terms you might come across
when you're setting up your company.
Bona fide: 'in good faith'. This is used to mean that someone
says they are telling the truth.
De facto: 'in fact'. Used when something has happened that makes
the 'real' situation take precedence from the legal one.
De jure: 'in law'. The opposite of de facto.
Ex gratia, 'out of grace'. When something will be done for no
fee.
Prima facie, 'at first sight'. Something that seems true but is
wrong.
Quid pro quo, 'something for something'. When a fee will be
charged for a service (or services will be exchanged).
Be Careful with Jargon.
However much jargon you might begin to encounter as you start
your business, don't start to use it yourself. It will make it
so that only 'insiders' will understand what you mean, and
everyone else will feel either a little silly or a little
annoyed. By the same token, if you're speaking to someone (your
accountant, for example) and they use some jargon you don't
understand, there's nothing wrong with asking them to explain
what they mean -- it's their fault for using an overly technical
word, not yours for not knowing it.
If you're not sure, there's a simple rule: jargon is for
communicating very specific, technical meanings. It shouldn't be
used to replace everyday language, as it does nothing but cause
confusion.
About the author:
James Calvin will show you how to market your product to the
World using the only REAL techniques that make the Internet pay
off. Go to http://www.MillionaireMarketingManual.com NOW. You
may freely distribute or publish the above article as long as
this bio and an active hyperlink are accompanied with it.
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