by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is entrepreneur innovation and how does it happen? Innovation is the introduction of something new. The something that is introduced can be a idea, method, or device. Too often people associate innovation with technological inventions. On the contrary, innovation...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Back To: BUSINESS PLANS What should I do to finalize my plans? You will scope versions of your plan for specific purposes. Continue to focus on the purpose of your business plan and use it as a planning device. You should continually update the plan as your...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
Next Article: Business Plan, (Final Modifications) Back To: BUSINESS PLANS Should I include an 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...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Next Article: Business Plan, Part 10 (Appendices) Back To: BUSINESS PLANS What should be included within the Financials portion of the business plan? It depends upon the intended use of the business plan. The financial portion of the business plan may be...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Next Article: Business Plan, Part 9 (Financial Projections) Back To: BUSINESS PLANS What goes into theManagement and Organization section of the Business Plan? Outline your organizational structure and then tell about your primaries. How your business will be...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Next Article: Business Plan, Part 8 (Management and Organization) Back To: BUSINESS PLANS What goes into developing an operational Plan? All of the components that allow your business to create value. The operations portion of the business plan serves two...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Next Article: Business Plan, Part 7 (Operations) Back To: BUSINESS PLANS What else should you consider in forming a marketing plan? You will also need to consider pricing and sales tactics. Remember, you have to understand the customer and the product in order...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Next Article: Business Plan, Part 6 (Marketing Plan, Cont’d) Back To: BUSINESS PLANS How do I begin putting together a marketing plan? Begin by understanding your market, then arrange the tools to reach that market. A marketing plan involves how you will...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Next Article: Business Plan, Part 6 (Marketing Plan) Back To: BUSINESS PLANS What should I include in 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...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Next Article: Business Plan, Part 5 (Competitive Analysis) Back To: BUSINESS PLANS What should I include in the Market Analysis portion of the business plan? Market Analysis plans your approach to understanding the entire market. The market analysis is the...
