by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What are the Elements of an Operational Plan?The Elements of an Operation Plan include: Mission Value Proposition Goals and Objectives Value Chain Research Evidence Timeline and Milestones Budget
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
How Do I Select a Business Entity? You should choose a business entity that accommodates your intended business operations and growth at the appropriate stage of your business life cycle. In selecting a business entity, one must understand the attributes of each...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
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) Where you conduct operations, 2) Tax considerations, 3) Legal considerations. These factors will either...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
Slide 13: QuestionsThe last slide should ask for investor questions. Its not uncommon for questions to last as long or longer than the presentation. If possible, you should also highlight some of the key issues addressed in the previous slides. This helps summarize...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is a Startup Budget?Startup budgeting regards how you will use your cash in an identified future period. Financial Projections (previously discussed) involves projecting the forward-looking, revenues and expenses for the business. The business budget is a...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
Forming a Business Team (Overview)The business team either refers to the business managers or, in the case of most startups, everyone working on or in the business. In the early stages of a startup, the business team is generally a close-knit environment. Individuals...
