components of a business plan

Components of a Business Plan

There are 8 primary components of a business plan; Executive Summary, Business Overview, Management Team, Industry Analysis, Marketing Analysis, Operations Plan, Financial Plan, and a risks section...

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swot analysis

What is SWOT Analysis

One of the primary elements of organizational strategy, or business planning, is understanding where you stand as an organization in terms of your SWOT analysis. SWOT analysis is an acronym for organizational Strengths, Weaknesses, Opportunities & Threats. The first two elements...

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types of business

Types of Business

There are 6 types of business, or ways to set up a new business...

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economies of scale

Productivity, Productivity-Throughput

An article about economies of scale. In management we all want to increase throughput, improve productivity, and drive the cost per unit down...

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franchise benefits

Advantages of a Franchise

If you are looking for a way to venture into business independently, franchise ownership offers a great opportunity, especially for those that are risk adverse... Although I do believe that is a...

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business debt

Business Debt

Is your business organization in distress? If you answered yes and if you’re looking for ways to resolve the financial mess, you should educate yourself on the various debt relief...

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woman owned business

Certifying Woman Owned Business

At a minimum, the following standards will be used by the Women’s Business Development Center in determining whether a firm is an on-going business concern that is majority owned, operated and controlled by women, and...

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forecasting inventory

Forecasting Methods

Typically it is the responsibility of the forecasting team to establish inventory levels for an organization. The most important part of this job is analysis; know your data, review it, check it, research, and ask the product SME's (subject matter experts) questions to...

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foreign trade zone analysis

Foreign Trade Zone Analysis

There are a number of factors to consider when analyzing potential products that would be ideal to pass through a FTZ. A key consideration is the tariff rate of a product. A tariff is a tax that is placed on a product that is imported into the U.S. An objective is...

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