Category: Establishment of Ltd
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Bookkeeping Tips for Small Entrepreneurs
For all entrepreneurs, large or small, bookkeeping is of great importance for successful business operations. However, many entrepreneurs face challenges related to bookkeeping, especially when financial resources are limited. Below, we offer several free bookkeeping tips that will help you manage your small business finances more efficiently. The first thing you should do is separate…
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Agile Methods in Project Management
In today’s dynamic business environment, entrepreneurs often face changing market demands, tight deadlines, and limited resources. Traditional project management approaches, such as the Waterfall method, are often not flexible enough to respond to these challenges. That is why more and more small and medium-sized enterprises (SMEs) are turning to agile project management methods, which allow…
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Business Model Canvas
Business Model Canvas (BMC) is a strategic tool that enables entrepreneurs to clearly and concisely define the key elements of their business model. Developed by Alexander Osterwalder, BMC has become a standard in the world of entrepreneurship because it allows entrepreneurs to quickly test and adapt their business ideas without the need for extensive planning…
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Digital Transformation of Traditional Business Models
In recent decades, digital transformation has become a key factor determining the long-term competitiveness and success of companies. Although this change is often associated with tech startups, traditional businesses that previously operated using old-school methods and tools can—and must—also integrate digital technologies into their operations to remain relevant and competitive. Digital transformation is not just…
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How to Choose an Activity Code When Registering a Sole Proprietorship in Serbia?
When founding a sole proprietorship (P.R.) in Serbia, one of the key steps is choosing the appropriate activity code. The activity code is not merely an administrative requirement, but plays a significant role in business operations, as it is directly connected to legal obligations, tax treatment, and the possibility of obtaining licenses and certifications in…
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How to Start a Startup in Serbia? // Step-by-Step Guide
Starting a startup in Serbia is an exciting but also challenging endeavor. With the right plan and strategy, you can turn your entrepreneurial dreams into reality. This guide walks you through the key steps needed for a successful launch. 1. Idea and ConceptEvery successful startup begins with an innovative idea. The first step is identifying…
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How to Prepare Financial Reports That Attract Investors?
Preparing financial reports that attract investors requires accuracy, transparency, and clarity in data presentation. Investors seek relevant information that enables them to assess the stability, profitability, and growth potential of a company. Well-structured reports build trust and increase the chances of securing investment. 1. Clearly and Neatly Structured Financial ReportsFinancial reports must be: Key documents…
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Smart Goal Setting
A small percentage of people have the habit of setting life, yearly, monthly, or daily goals. Certain studies have shown that the main difference between successful people and those who are not is that successful people think about where they want to be in life up to 10 years in advance. Furthermore, those who think…
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Using Data Analytics for Business Decision-Making
In today’s increasingly dynamic and competitive business environment, companies must make informed decisions to maintain their competitive edge. Rapid technological advancements, along with the vast volume of data generated daily, have opened new possibilities for using data analytics. Data analytics has become essential for recognizing patterns, predicting future trends, and making better strategic decisions. Through…
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Common Mistakes Made by First-Time Entrepreneurs – and How to Avoid Them
Many entrepreneurs in the early stages make mistakes that can slow down or jeopardize their success. While mistakes are part of the learning process, some of them can be avoided with proper planning and preparation. Below, we analyze the most common pitfalls beginners fall into and offer advice on how to avoid them. Insufficient Market…