Insurance An insurance is a legal contract between an insurer and a policyholder represented by a policy document to protect the financial interest of the insured/ policyholder in the event of mishaps, for agreed payment of consideration called premium. Insurer The insurance company that accepts premium from the policyholder for covering the risks and agrees … Read more
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. The amount of money paid by an individual or organization for insurance (cover/protection) to an insurance company is called the premium. Benefits of insurance
Health insurance is a type of insurance coverage that covers the cost of an insured individual’s medical and surgical expenses. … Depending on the type of health insurance coverage, either the insured pays costs out of pocket and is then reimbursed, or the insurer makes payments directly to the provider. Health insurance, also known as … Read more
The answers to why, when, and where a business should be started form the foundation of successful entrepreneurship. ‘If you’re interested in starting a business the answers to a lot of your questions will arise after you’ve searched and explored both yourself and your reasons for doing so,’ says restaurant owner Bernard Marche (founder of … Read more
Some enthusiasts claim that there is no better time than now to own and run a business. It may be more prudent, however, for potential entrepreneurs to write down, research, and address exactly what it is they wish to do before they begin – as well as examine what starting a business will involve and … Read more
Good Reasons for Thinking About Starting a Business Because starting-up a business can be difficult, it’s a good idea for a beginner to have several good reasons as to why he or she would like to become an entrepreneur. The most common of these are: Poor Reasons for Starting a Business Following is a list … Read more
1. A lot of money is needed to finance a start-up. Contrary to what most people believe, 10-years ago a typical start-up in the USA required about $25,000 to begin. How is it possible to start a business with such a small amount of money? Successful entrepreneurs do whatever they can to keep costs low. … Read more
Obviously, the number of qualities and attributes needed to succeed in business is quite extensive. So does that mean that an entrepreneur needs to be a superhero to triumph in the business world? © Jonathan T. Scott and EFMD www.efmd.org Do You Have What It Takes? — The Entrepreneur’s Guide to Building a Successful Business … Read more
Principal This is the amount you borrowed for your mortgage loan. If you borrowed $100,000, then your outstanding principal is $100,000. A portion of each monthly mortgage payment goes toward paying off your outstanding principal. During the early years of your loan, the portion that goes toward your principal is small. But this portion grows … Read more
