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10 Best Books For Entrepreneurs In 2017

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Every entrepreneur needs an active reading list. After all, books are one of the most valuable knowledge resources. Even the best podcasts and YouTube videos cannot replace the in-depth lessons found in a good book.

The challenge, however, is sifting through and finding the right material. Find something that will not only resonate with you and inspire you to aim higher, but will also guide you through that process as well.

From self-development to business best practices, here are ten must-reads for entrepreneurs in 2017:

1. All In by Bill Green

 Not many entrepreneurs can say that they started their empire in a flea market. Serial entrepreneur Bill Green pulls from over forty years of business experiences to share 101 key insights that have helped him build one of the largest industrial distribution companies in the country. For aspiring entrepreneurs, this is a glimpse into what it takes to go from a startup founder to CEO of a publicly traded company.

This is the sort of read that makes you realize that even the world’s most successful entrepreneurs once started as paperboys and door-to-door salesmen — and Green is no exception. All In shows the true value of 100{193319180524fe1cbcf93f2fa4436f311e82d10b1113c9fa2c57b372435e0a56} committing to a venture, and the level of persistence and dedication it takes to become successful.

2. Tools of Titans by Tim Ferriss

Not many people can compile years and years of interview notes together and create a handbook of excellence, let alone a compelling and worthwhile read. Tim Ferriss is one of those people.

From financial advice to morning routines, actionable steps to taking care of your body and beyond, Ferriss’s Tools of Titans leaves no stone unturned. He says that this text, intended as a sporadic reading experience, is to be used as a resource for whatever it is you’re focused on; it’s not necessarily meant to be read cover-to-cover.

3. Disrupted by Dan Lyons

What does a popular magazine writer do when his job no longer exists in the modern age? He works for a popular budding startup at the time called HubSpot, rides the wave to the top, and writes a book about being in trenches of the second tech bubble.

Lyons is also a writer for the popular HBO show, Silicon Valley, which seems to all-too-perfectly nail today’s trendy startup culture right on its head. Want to know what it all looks like from the inside? This is as close as you’re going to get.

4. Idea to Execution by Ari Meisel and Nick Sonnenberg

Virtual assistants are no longer a distant idea in an imaginative future. In fact, they are becoming more and more actively involved in the building of a business from the ground-up, especially when finances are tight.

Authors Meisel and Sonnenberg birthed their VA business from scribbled notes on cocktail napkins. They were up and running less than 24 hours later. Their process? Optimize, Automate, and Outsource. Idea to Executive traces their journey to creating a profitable Virtual Assistant company.

5. Unshakeable by Tony Robbins

For truly insightful financial advice, look no further than the guru himself, Tony Robbins. Unshakeable is, by all accounts, a compilation of “the best of the best.” It pulls knowledge from the top financial minds in the world to create a playbook for financial freedom.

For any aspiring entrepreneur looking to learn more about managing the financial aspect of their life (both personally and professionally) or even a seasoned veteran hoping to continue honing their skills, this is a must-read.

6. Grit by Angela Duckworth

What is the one quality that separates the talented from the successful? According to Duckworth, that quality is called “grit,” something every entrepreneurial spirit should possess.

Anyone striving to succeed, no matter if you’re a parent, student, educator, athlete, or businessperson, should focus less on talent. Instead, take on a “gritty” blend of passion and persistence. Consider this your wake-up call to hit the pavement running.

7. The Third Wave by Steve Case

Part memoir, part vision for the future, Case’s story begins when he co-founded America Online (AOL) back in 1985, a time many of us remember with the sound of a loud modem connecting to the Internet. The Third Wave tells the story AOL’s massive merger with Time Warner, as well as his take on the next generation of the Internet. First, there was AOL and other companies that laid the foundation.

Second were companies like Google and Facebook, who helped make the Internet more social. Today, we are entering The Third Wave, in which technology and the real world have become synonymous and in which startups are using the Internet to transform our everyday reality.

8. Pivot by Jenny Blake

Pivot is an actionable guide to the sort of finesse required to survive as a startup. Lean, agile, and ready for anything is the motto, and success is, as Blake says, “All about your next move.”Image result for 10 Best Books For Entrepreneurs In 2017

In this book, topics range from how to double-down on your strengths and cover your weaknesses, all the way to running small experiments in order to figure out which ideas are worth pursuing and which should be discarded.

9. Be Obsessed Or Be Average by Grant Cardone

Grant Cardone is an extremely well-known entrepreneur who has invested heavily in his personal brand and now uses his story to inspire and motivate others. In his book, Be Obsessed Or Be Average, his message to aspiring entrepreneurs is simple: you either demand that it happens, or it won’t happen at all.

His recipe for success comes down to: setting big goals and reaching for them day in and day out, leveraging your money instead of spending it frivolously, and finally, using people’s negativity and doubt as fuel for your fire.

10. Big Magic by Elizabeth Gilbert

The creative process is ethereal to most. It can be confusing and difficult, and as a result very few people have the patience to nurture their own creative thinking.

Here, Gilbert takes to the page to share her own perspective on the creative process, and how to best understand that tricky quality called “inspiration.” From attitude shifts to daily habits, this is a book about how to keep your creative juices flowing, no matter what.

Source Article: www.forbes.com

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Importance of The Circular Flow of Income

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Importance of The Circular Flow of Income

The circular flow of income and expenditure refers to the continuous production of products and services, income and expense in an economy. The different parts of expense and national income, for instance, investment, saving, exports, imports, government expenditure, taxation, etc. are displayed as currents and cross-currents in the circular flow of income.

Importance of the Circular Flow

The central concept of a circular flow is that it gives a clear picture of the economy. It also helps in understanding whether the economy is operating efficiently, or there are any obstacles in its smooth operation.

Therefore, the circular flow is significant for the functioning of the economy and helping the government in formulating various policy measures. Apart from the economy, the other important factors are.

  • Effects of Leakages and Inflows – The leakages allow us to study the national economy and its impact. For instance, imports are leakages going out of the circular flow of income, as it is paid to a foreign nation. To prevent this leakage, the government should acquire suitable measures such as decrease imports and increase exports.
  • The connection between Consumers and Producers – It builds a link between consumers and producers.
  • Builds a Network of Markets – After creating a link between the consumer and producer and a network of markets for various products and services, problems relating to purchasing and sales are solved automatically.
  • Basis of Flow of Funds Accounts – It helps in evaluating a country’s income in terms of the flow of funds accounts. These accounts are concerned with transactions of the economy that are fulfilled by money transfers.
  • Importance of Monetary Policy – It brings equality between investment and saving in the economy indicates the importance of fiscal policy.
  • The base of the Multiplier – In case, in a circular flow of income, if the leakage exceeds the injections, the total income becomes less than the total output.

For more information on economics sample paper class 11, stay tuned to BYJU’S.

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Top Benefits of Hong Kong Company Registration

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Company Registration

Hong Kong is the third city among renowned global business cities, right after New York and London. Recognized among the most significant financial hubs in the world, it has improved to the highest triple A level rating. With an impressive capita GDP of approximately US32, 000 it resembles the European Union standing tall ahead of the larger nations. With the importance of the financial sector to the economy and the impact of the economic crisis, Hong Kong is a famous and admirable jurisdiction.

1. Social And Political Environment

Hong King holds outstanding rankings in the global business. It is the second most economically efficient country in the world, according to the IMD World Competitiveness Yearbook). According to Transparency International – Corruption Perceptions Index 2010, the country is ranked as the 13th least corrupt country in the world.

Moreover, Hong Kong has a stable economic and political environment, not forgetting a pro-business government with an independent legal system. Certainly one of the reasons the country is a popular choice of regional operations in Asia. The country also has 1251 headquarters and 2328 regional offices (Hong Kong SAR Government’s Census and Statistics Department)

2. Location

Located in China, Hong Kong plays a crucial role in accessing the Mainland China market, which is a perfect stop for many foreign entrepreneurs. You can save time with a one hour drive from the world’s largest manufacturing region (the Pearl River Delta), producing 30% of china’s exports.

In general, Hong Kong accounts for a large share of inward investment in Mainland China, with China as the largest trading partner for Hong Kong. The countries international reputation as a financial powerhouse attracts Chinese companies for the primary and secondary listing to get access to the Asia markets. In 2010, the Hong Kong Stoke Exchange (HKSE) became Asia’s second-largest stock exchange in capitalization, which was directly behind the Tokyo Stock Exchange.

HKSE came above Shangai Stoke Exchange partly because most Chinese companies view the country as an efficient avenue to expand business with Asia. As the centre of Asia, Hong Kong is also useful in terms of links with the international market. In addition to this, the HK airport is within 5 hours flight to all major trading jurisdictions in the region.

3. Infrastructure

As one of the most advanced metropolitan areas in the world, Hong Kong is well equipped in infrastructures such as transportation, telecommunication, IT connectivity and utilities. A combination of the world-class international airport with efficient logistics facilities like the cargo airport, and shipping container port makes Hong Kong an attractive platform for global businesses. Majorly businesses that rely on active transport of human personnel and products around the world benefit from the wonderful infrastructure.

4. Policy And Taxes

A lot of companies that opt for company formation in HK benefit from its low and simple tax system. A corporate tax rate of 16.5 %( maximum) and a personal income tax peaking at 15$, it has the 3rd lowest tax misery in the world (according to Forbes’ Tax Misery Index). There also benefits in company registration in HK from having no capital gains tax, no sales tax or VAT, no withholding tax or returns tax and eventually. However, HK is not perceived to be an international tax haven.

5. Company Registration Requirements

The registration process in Hong Kong is a piece of cake. Mainly you are required to poses a proper company name and corporate structure to ensure that the company meets HK Company Law requirements. Which include a minimum one company direct( who does not need to be an HK resident), Hong Kong resident company secretary, and finally a minimum issued capital requirement HK$1 . You will also be required to register the business-with operational requirements such as opening a Hong Kong corporate bank account setting up an office, securing employment visas est.

Company formation in HK is perfect deal for international entrepreneurs to register their business. Apart from enjoying the geographical area, HK is also a diverse multi-cultural environment that is efficient for international trade and exciting as a place to live.

6. Productive Workforce

The country offers a highly-skilled, well -educated and trained workforce. Primarily a local talent pool of skilled specialists and business men who are known for their deep understanding of growing business culture.

Employees in Hong Kong are generally considered hardworking, competitive, continually seeking to enhance themselves. Even though English is the most applied language in business settings, you will be pleased to know that a great deal of the labor force can also connect with Cantonese and Mandarin.

7. Business Support And Assistance

Hong Kong has a number of remarkable associated programmers at the government and individual level, offering the best business support assistance. The programs help grow and develop your company in every aspect of the business.

A vast number of business support programmers and financial incentives encourage the growth of SMEs. Chief organizations like the Hong Kong Trade Development Council encourage international companies to do business in the Mainland and Asia, also assisting in Hong Kong Companies locating new markets.

Thanks to the Hong Kong Productivity Council, there is the use of more efficient methods throughout Hong Kong’s business sectors. This is why the support and consultation Center for company formation in HK is a comprehensive and informative and advisory centre for SMEs. There is also financial assistance available through some noted government funding schemes.

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