by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
Why Does a Business Need to Have a Registered Agent in Delaware?In every state in which a business organizes or registers to do business, the company must designate a registered agent in that state. For example, the Delaware Code states that “every corporation...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
How Much Equity Do Startup Advisors Get?You may have heard the expression, “it takes a village”. This is certainly the case for startup ventures. The founders will or should seek ideas and advice from those who have the ability and willingness to help. Founders often...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
Options for Compensating EmployeesOperational Revenue The first option for compensating an employee is to use operational funds. Of course, this becomes a problem when the company does not produce adequate revenue to pay the employee. Also, startup companies generally...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
Can I Fire My Co-Founder Who Has More Equity?Cofounders of a company generally establish their ownership percentage very early in the relationship. Without a formal relationship, the default rule is that all founders are equal owners of the company. This can result in...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is a Startup Founder? A startup founder is an individual who establishes a new business. If more than one individual is involved, they are co-founders. There are no hard and fast rules about what name or title the founders can take.Who is a Founder Depends upon...
by TheBusinessProfessor | Feb 23, 2025 | Professionalism & Career Development
Common Business CertificationsBelow is a list of common certifications achieved by business professionals: Associate of the Institute of Chartered Secretaries & Administrators (UK) Associate in Information Technology Certified Data Processor Certified Fund...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Back to: BUSINESS STRATEGY What is SPACE Analysis? Space analysis is an approach to strategic analysis used to develop an appropriate strategy for a business. SPACE is an acronym that stands for Strategic Position and ACtion Evaluation. External Analysis The...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
[cite] Back to: Business Management What Is Influence? Influence can be defined as the ability to have an effect on someone or something or to cause a reaction in someone. Influence generally results from power, physical closeness, emotional connection, or position of...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
[cite] Back to: Business Management What Is Power? Power is the ability to exert control or influence the situation or behavior of others. What are the Types of Power? Legitimate Power (Positional Power) – Legitimate power is a result of the position held in an...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
[cite] Back to: Business Management What is Conflict? Conflict is a state in which two or more individuals hold inconsistent positions that negatively affect the other. Is Conflict Good? A moderate amount of conflict can be positive. It allows for a deeper...
