Where to Form a Business

by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation

[cite] http://youtu.be/CcD_Yzfa1So   Back To: BUSINESS ENTITIES, CORPORATE GOVERNANCE, & OWNERSHIP What are my considerations in determining in which state to incorporate?Your state of incorporation depends on several factors, the most important of which are: 1)...

Insight into the Small Business Model

by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation

Recently, the business model has become a point of focus for entrepreneurs. Slowly, business plan competitions are being replaced by business model competitions. If you are new to the entrepreneurial frontier, you may wonder, “What exactly is a business model...

Others Forms of Business Funding

by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation

[cite]Next Article: Business Plan for Loans Back to: LAW, RISK, and TRANSACTIONS Other Methods of Financing Business Operations Specific types of business operations may allow for unique ways to finance operations outside of the traditional debt or equity...

Steps in Developing an Operational Plan

by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation

[cite] Back to: OPERATIONS, LOGISTICS, & SUPPLY CHAIN MANAGEMENT Developing an Operational PlanThe operational plan requires a great deal of anticipation about future business activities. Given that a business product or service may change or evolve over time, it...

SPACE Analysis – Explained

by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation

What is a SPACE Analysis?Space analysis is an approach to strategic analysis used to develop a business strategy. SPACE is an acronym that stands for Strategic Position and Action Evaluation. The process for carrying out a SPACE Analysis is outlined below. A SPACE...

Concentration Strategy – Explained

by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation

What is a Concentration Strategy?A concentration strategy is when a business focuses on a specific group of clients, a specific product, or a specific geographic market. As the name implies, the primary purpose is to allow the business to concentrate (rather than...