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How to start a business: 5 mind-sets for starting a company you will be proud to own

By Oleg K Temple, October 2018

The keys to going faster and farther than most when staring a business, are planning, passion and keeping things simple. Take a firm grasp on the fundamentals and you will become worthy of being called a master in your own right. This is true for everything in life, from the martial arts, to the art of writing, to the culinary arts, to visual arts and, yes, indeed, this wisdom seamlessly translates into the realm of the financial arts as well.

You might wonder, what makes us qualified to write this piece and why you should trust our advice... Well, the truth of the matter is that in the course of running our international business directory, we have seen thousands of companies rise and rise, as well as quite a few rise and fall. Some pile on risks like they are Christmas decorations until good fortune abandons them, others burn too bright and hot until they burn out, others still just fizzle and fade away. We have studied hundreds of cases and even saved a few enterprises from going extinct through patient, unbiased counselling. So if you are in search of advice on how to start a company or how to keep your company in business, you are in the right place. Here are five business frames of mind to adopt, hone and make your own.

Future-proof ideas for starting a business | Part 3 of 3

By Oleg K Temple, September 2018

PART 3 of 3: Starting a business? Here are 4 more Low Risk, High Reward Ventures to consider when starting a company. 

In part one of this article we looked at the primary principles in future-proofing your business.

In part two we reviewed the advantages of online business, as well as three distinct directions you may consider when starting your online business.

But first, a quick question: are you already self-employed? Share your experience and thoughts in the comment section after reading this article and remember that freelancers are welcome in this business directory. Do you want to reach businesspeople without paying a tithe commission on your gigs and leads? Then advertise your small business on The Cornerstones of World Business and be seen by tens of thousands of entrepreneurs from around the world. Our mission is to help small businesses grow and our prices, starting from just $2/month, reflect that. Alright, back to the topic at hand.

Future-proof ideas for starting a business | Part 2 of 3

By Oleg K Temple, June 2018

PART 2 of 3: 7 Low Risk, High Reward Ventures to consider when starting a company 

Before jumping into writing your masterplan for starting a business, consider and compare these seven small business ideas that will do well in the future. These are all areas with high growth potential and a high independence factors, which insulate them from mainstream industries such as construction or forestry, which are very susceptible to market pressures and climate change.

Futureproof ideas for starting a business | Part 1 of 3

By Oleg K Temple, June 2018

PART 1 of 3: An overview of risks and best practices when starting a company

Starting a business has never been more of an intense commitment than it is today. Will new business ideas conceived today still be viable in 2019, 2020 and beyond?

With the accelerating onslaught of globalisation, automation, artificial intelligence and ever increasing competition, entrepreneurs and investors need to think long and hard before shelling out actual resources for a hypothetically profitable start-up company. The outlook may be rosy, but optimism a business strategy does not make. “A bird in the hand…” as the saying goes. The most pertinent questions are these: is the proposed business model relevant to the market and sustainable? And are the people at the helm of the project credible, reliable and passionate about the venture?

Is Bitcoin a worthy investment or a reckless risk? (part 2)

By Oleg K Temple, January 2018

PART 2 — How cryptocurrencies are made

Read part 1 of the article here: https://www.cornerstonesworld.com/article/is_Bitcoin_a_worthy_investment_or_a_reckless_risk

 

 

Is Bitcoin a worthy investment or a reckless risk?

By Oleg K Temple, January 2018

PART 1 — What are cryptocurrencies?

Starting a business in Maramures, Northern Romania

By Oleg Temple, July 2016.

Maramureș is a picturesque county on Romania’s northern border with Ukraine and Hungary. Its towns are small, but beautiful and the region is famous for its wooden churches, the Rodna Mountains, the quaint villages of Iza and Mara, as well as many other many places of interest.

Starting a small business in Britain

By Oleg Temple, September 2015

Assuming that the basic funding is accounted for, the rules for starting a small or medium sized enterprise (SME) are the same in virtually every European or North American country:

Five Precious (strata)Gems of Business in a ‘Still-water’ Economy (continued)

By Oleg K. Temple, June 18, 2013.

With the global economy down for the count, many entrepreneurs have faced the tough realities of how to stay afloat and is mere survival worth the increased wear and tear on their nerves and accounts? With belts tightened so far that the corset has become the new waistcoat, businesses are finding it hard to breathe, let alone find the vigour and flexibility to expand. While for others, the necktie has become a noose.

Five Precious (strata)Gems of Business in a ‘Still-water’ Economy

By Oleg K. Temple, March 15, 2013.

When the winds of change are out of breath and your clients are being poached by larger companies offering cheaper deals, how do you get by, or indeed, survive? Propelling your enterprise toward success becomes tricky and exhausting if you do not address the root-causes that have lead to stagnation and decay.

Funding Fairness: Investors vs. Founders (part 1)

By Oleg K. Temple, July 2011.

Part I of II: Opening gambit

Every modern businessperson will agree: honest investors are hard to find. In the ever-escalating battle for survival, small and medium businesses seeking funding are required to comply with a mind-boggling quantity of rules and regulations. Actually, hundreds of major international banks and investment companies can be found fairly easily online, however, passing the screening process is no trifling matter and it is more likely that a plan to rescue one's personal economy by cracking Fort Knox would work first time round than a business plan would sail pristine through to the finish.

Managing Stress in Business

By Oleg K. Temple, June 2011.

In the modern world stress plagues us from all sides. We stand at the peak of our technological advancement, yet we are unsatisfied - yesterday's express speed is today's snail pace and we are expected to perform more tasks quicker than 20 people could handle 100 years ago. The rat race rules remain the same - whether the rodents invent bicycles, booster rockets or teleporters. When is enough truly enough? How to summon the strength to carry on without doing irreversible damage to yourself and hurting those around you - after all, unresolved conflict at home and personal problems will inevitably reflect upon your in business performance anyway.

 

Are Baltic Banks Client-Friendly?

—a look at the "Baltic Banking 2009" report by EPSI Baltic

By Oleg K. Temple, November 2009.

Since 2004 EPSI Baltic has been monitoring the pulse of the consumer trends in the Baltic region, analysing numerous public polls and studies in the financial, telecommunication, general insurance and other fields. The latest EPSI study focuses on the banking sector of the three Baltic States: Estonia, Latvia and Lithuania. No one is shocked that during this time of global economic downturn the satisfaction rating of clients takes a dive, on the contrary, what raises eyebrows is the reaction, or rather lack thereof of the Norwegian and Estonian consumer.

Editor’s Focus: Eye on Latvian Real Estate (part 2 of 2)

By Oleg K. Temple, October 2009.

Unless you've read part one of this article (and perhaps even if you have), you may think I've gone soft in the head when you read the next phrase: it is a good time to be in Latvia! Sure, prices for real estate have crashed through the basement and (largely due to the 3% VAT increase in January this year with another +2% VAT hike looming in 2010) commodity prices have escaped up the chimney taking consumers' income with them in a puff of smoke.

Latvia: Milestones on the Road to Economic Recovery

By Oleg K. Temple, October 2009.

So let's pick up where we left off, thus far we have examined the factors that significantly eroded the competitiveness of Latvia such as unwarranted wage increases and low productivity. We have established that Latvian policy makers under the firm hand and watchful eyes of the IMF, the European Commission and other powers have opted for the high road of domestic discipline and restrained spending while uprooting and eradicating problems that have disharmonized the economy. By choosing to crack down on the problems of the economy and reinforce the foundations for sustained competitiveness, the programme aims to avoid the ephemeral success of floating the Latvian lat, while sweeping the real problems under the rug. Experts agree that for the first time, the young country's government seems to be doing what is actually needed, but is it too little too late? Is there a chance that the crisis will continue to escalate until it boils over and the government buckles to the devaluation sermons of the Scandinavian press?

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