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Business Plan – Appendices

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

What is the Appendix to my Business Plan? Material that adds to the business plan, but doesn’t belong in the body. The appendices allow you to include valuable information to your business plan that does not fit neatly within the body of the plan. Generally, it...

Lifestyle Business vs Startup Venture – Explained

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

What are Some Types of Entrepreneurship?Entrepreneurship is one of the oldest, and often least understood, areas of business. The first step in becoming an entrepreneur is learning the main types of entrepreneurship for new businesses. The two concepts discussed in...

Building Business Credit – Explained

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

What is Business Credit? Business credit is the ability of a business to borrow money. It can be in the form of a credit card or line of credit. Why Establish Business Credit?Early in the life of a business, founders generally have to guarantee any loans or lines of...

Requirements for a Business License – Explained

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

How to get a business license? Local government controls the issuance of a business license within its territory. The business license has several purposes, including regulation, accountability, and taxation. This article gives a brief overview of what to expect when...

Business Permits and Occupational Licenses

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

What is a business license?A business license is a license granted by a local municipality (city or county) authorizing a business to carry on business within the municipality. The business license fee is a form of local tax. A broader definition of a business license...

Register a Business Name – Explained

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

How do you Protect a Business Name? A business name is a form of intellectual property. The rights in a business name are recognized under state and federal law. You can register your name at the state level or protect your business name via trademark rights under...
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