by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
How do you Establish a Business Bank Account?A business bank account has special terms of use and maintenance from a personal business account. To open the account, banks will require: Business Organization Documents (Articles of Organization or Incorporation)...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is a Business Plan? The business plan is a detailed roadmap for your business. It is a non-static, living, breathing document that should be updated regularly to reflect the course and strategy of the business. The business plan provides context and gives a...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is the Executive Summary in a Business Plan? An executive summary is an important part of a business plan. It summarizes the key points and gives an overview of the whole business idea. The main theme of the executive summary is to summarize the main points of...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is a Company Description within the Business Plan? This is where you tell about the company you plan to be. In this section, you describe what your company does. You can go into detail about your product service or idea. But, this is just the beginning. You have...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is the Market Analysis portion of the business plan? Market Analysis plans your approach to understanding the entire market. The market analysis is the backbone of the business plan. The market analysis gives the entrepreneur all of the information necessary to...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is the competitive analysis portion of my business plan? Barriers to entry, competitors, and how you will beat them. In this section, you are trying to identify all of the aspects of the market that could keep you out. Many business plans simply identify the...
