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Business without investment

INTRODUCTION In this article I am going to discuss how you can start your own garment business by selling online without any investment. I will give you an idea but other work such as marketing is your responsibility.  The reason of writing this article is to encourage youngster to become financially independent without sacrificing your studies. The success of this business model depends on how good you are in marketing and how effectively you manage your venture. Starting your own business   requires hard working and dedication, but the benefits of being an entrepreneur is greater than working for someone else (especially in the long-term). This is something that I personally experienced. There has been an increase in online businesses due to advance in technology . There are number of businesses such as Amazon and Daraz that benefits from increase in e-commerce (buying and selling products online). Many people now prefer to buy online. One of the main ...

Transaction Processing System

Transaction Processing System (TPS) Transaction processing systems (TPS) are the basic business systems that serve the operational level of the organization. A transaction processing system is a computerized system that performs and records the daily routine transactions necessary to conduct business. Operation information is concerned with daily routine tasks and activities. Taking orders, paying bills, selling products, clearing cheques etc. are the daily activities performed in different organizations. Organizations need information system to streamline these daily routine tasks. The information system used in this level of management is termed as Transaction Processing Systems (TPS). TPS is used to collect data that are produced on daily basis from the routine works. It has user interface, i.e., form with fields to input data to the system. It enables to store and arrange data in the format which can be processed by other information system easily. More than 90% of ...

Effective business planning

\ Effective business planning can determine the success of your business. A business plan can help you secure finance, priorities your efforts and evaluate opportunities . The benefits of effective business plan pay off in the long-term. It may initially seem like a lot of work but it can save your time and money. WHAT SHOULD YOUR BUSINESS PLAN INCLUDES? There is no rule regarding what contents should be the part of your business plan. However in majority of the business plan following contents are at least covered: 1.      Vision, mission and goals 2.      Market research 3.      Operational strategy 4.      Product or product portfolio 5.      Marketing plan 6.      Financial strategy       7.      Business profile                 ...