BusinessHABLatest Business Newspapers: The media seems to be a mystery to many people.
And newspapers may seem especially mysterious, since no one ever “sees” the reporters, unlike television journalists.
The newspapers appear in yards and in racks, with few pictures of the people who put it together.
So how do newspapers work?
This article will discuss how most small to medium size daily newspapers work, which constitutes most of the newspapers in Nigeria.
Although newspapers are dedicated to informing the public on vital issues and events of community interest.
They are still businesses and want to turn a profit.
For this reason, newspapers charge for advertising.
It pays the bills. Individuals or businesses can pay to place advertisements, with the advantage that the newspaper will give them as much space as they are willing to pay for.
Latest Business Newspapers: A business is an organization or enterprising entity engaged in commercial, industrial, or professional activities.
Businesses can be for-profit entities or nonprofit organizations that operate to fulfill a charitable mission or further a social cause.
Business is also the organized efforts and activities of individuals to produce and sell goods and services for profit.
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Latest Business Newspapers: BREAKING DOWN ‘Business’
Generally, a business begins with a business concept (the idea) and a name.
Depending on the nature of the business.
Extensive market research may be necessary to determine whether turning the idea into a business is feasible and if the business can deliver value to consumers.
The business name can be one of the most valuable assets of a firm; therefore, careful consideration should be given when choosing it.
Businesses operating under fictitious names must be registered with the state.
Businesses most often form after the development of a business plan.
Which is a formal document detailing a business’s goals and objectives.
And its strategies of how it will achieve the goals and objectives.
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Business plans are almost essential when borrowing capital to begin operations.
It is also important to determine the legal structure of the business.
Depending on the type of business.
It may need to secure permits, adhere to registration requirements.
And obtain licenses to legally operate.
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Latest Business Newspapers: Business Structures
The most common structures are sole proprietorship, partnerships, corporations, and limited liability companies, with sole proprietorship being the most prevalent.
A sole proprietorship, as its name suggests, is a business owned and operated by a single natural person.
There is no legal separation between the business and the owner; therefore, the tax and legal liabilities of the business are that of the owner.
A partnership is a business relationship between two or more people who join to conduct business.
Each partner contributes resources and money to the business and shares in the profits and losses of the business.
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The shared profits and losses are recorded on each partner’s tax return.
A corporation is a business in which a group of people act together as a single entity.
Most commonly, owners of a corporation are shareholders who exchange consideration for the corporation’s common stock.
Incorporating a business releases owners of financial liability of business obligations.
However, a corporation has unfavorable taxation rules for the owners of the business.
For this reason, a relatively new (first available in Wyoming in 1977 and other states in the 1990s) business structure, a limited liability company (LLC), is available.
This structure combines the pass-through taxation benefits of a partnership with the limited-liability benefits of a corporation.
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Latest Business Newspapers: Business Sizes
Business sizes range from small owner-operated companies.
Such as family restaurants, to multinational conglomerates, such as General Electric.
Larger businesses may issue corporate stock to finance operations.
In this case, the company is publicly traded and has reporting and operating restrictions.
Alternatively, smaller businesses may operate more independently of regulators.
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Latest Business Newspapers: Industries
A company may describe its business by communicating the industry in which it operates.
For example, the real estate business, advertising business, or mattress production business are industries in which a business can exist.
Because the term “business” can be interchanged with day-to-day operations.
As well as the overall formation of a company.
The term is often used to indicate transactions regarding an underlying product or service.
For example, ExxonMobil transacts business by providing oil.
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There are many business newspapers in Nigeria. The most popular once are :
Latest Business Newspapers
- Vanguard,
- The Nation,
- Thisday,
- The Guardian,
- Leadership,
- Nigerian Tribune,
- The Sun,
- Daily Times of Nigeria,
- Business Day,
- National Mirror,
- P.M. News,
- Nigerian Observer,
- The Daily Independent
- Complete Sports,
- The Tide,
- Osun Defender,
- Peoples Daily,
- The Authority,
- Daily Champion,
- Triumph,
- Business Hallmark
- Tell Magazine
- Yaanews
- Daylight Nigeria
- Nigerian Entertainment Today
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Conclusion:
There are no limits on who can become a great entrepreneur.
You don’t necessarily need a college degree, a bunch of money in the bank or even business experience to start something that could become the next major success.
However, what you do need is a strong plan and the drive to see it through.
If you’re on Entrepreneur, odds are you already have the drive.
But, you might not know how to start building your empire.
That why we are here.
BusinessHAB