Operating a Business
Behind every great idea, there must be efficient execution.
The function of operating a business is a broad and wide stroke. In other words, “Operations” touches almost every single part of the rest of the business. From making sure you’re only spending what you need to garner the gross revenue goal you’re after, to ensuring logistics of employees, product, deliveries, and anything else that could impede the flow of business, is in this department. There are many different topics that someone focused on the Operations of the business should know and you will find many of them in this Operations garden of the Business Courtyard. Browse or search for various operational topics and concepts.
What is a Contract Employee? A Complete Guide for Small Business Owners
Discover what a contract employee is and how they work for small businesses. Complete guide covering types, benefits, legal considerations, and when to hire contractors vs employees.
What are Voting Rights in Equity of a Business?
Learn what voting rights in business equity are and how they work for small business owners. Complete guide covering types, protection strategies, and voting structures by business type.
What is a PPM or Private Placement Memorandum in Business? A Complete Guide for Small Business Owners
Learn what a Private Placement Memorandum (PPM) is and how it works for small business fundraising. Complete guide covering components, costs, legal requirements, and when to use PPMs
What is Operations in a Business? Understanding the Engine That Runs Your Company
Learn what business operations are, why they're crucial for success, and how to build efficient operational systems that drive growth and profitability.
What is a Forecast? Predicting Business Performance for Better Decision Making
Learn what business forecasting is, different types of forecasts, and how to create accurate predictions that guide strategic planning and growth.
What is a Projection? Understanding Business Forecasting for Better Planning
Learn what business projections are, different types of projections, and how to create accurate forecasts that guide smart business decisions and planning.
What is Churn? Understanding Customer Loss and How to Prevent It
Learn what customer churn means, how to calculate churn rate, and proven strategies to reduce customer loss and improve business retention.
What is Attrition? Understanding Employee Turnover and Its Impact on Business
Learn what attrition means in business, different types of employee attrition, and strategies to reduce turnover while building a stronger team.
What is an MVP? Understanding Minimum Viable Products for Business Success
Learn what a Minimum Viable Product (MVP) is, why it's crucial for starting a business, and how to build an MVP that validates your business idea efficiently.
Why is Reporting Important in Business? Unlocking Clarity and Growth
Discover why business reporting matters, what types of reports you need, and how effective reporting drives smarter decisions, growth, and long-term success.
How to Make Your Business Attractive for a Buyout: The Ultimate Exit Strategy Guide
Learn proven strategies to increase your business value and attract potential buyers. Essential tips for preparing your business for a successful sale or acquisition.
What is Dilution of Equity and How Does it Happen? Understanding Ownership Changes
Learn what equity dilution means, how it happens, and strategies to minimize dilution while still raising capital for business growth.
What is a Cap Table? Understanding Business Ownership Structure
Learn what a capitalization table is, how to create one, and why cap tables are essential for tracking ownership, equity, and investment in your business.
What is a Proforma? Understanding Projected Financial Statements for Business Planning
Learn what proforma financial statements are, how to create them, and why they're essential for business planning, forecasting, and decision-making.
What is Equity? Understanding Ownership and Value in Your Business
Learn what equity means in business, different types of equity, how to calculate it, and why equity is crucial for business ownership and growth.
What are MoM (Month over Month) Stats? Tracking Short-Term Business Performance
Learn what month-over-month statistics mean, how to calculate them, and why MoM comparisons are crucial for monitoring immediate business trends and performance.
What are YoY (Year Over Year) Stats? Understanding Annual Business Performance
Learn what year-over-year statistics mean, how to calculate them, and why YoY comparisons are essential for tracking business growth and performance.
Sales vs Marketing: Understanding the Key Differences for Business Success
Learn the crucial differences between sales and marketing, how they work together, and why both are essential for growing your business effectively.
What are KPIs (Key Performance Indicators)?
Key performance indicators are things you track, over a period of time, usually tied to a numeric value (such as monthly gross revenue), to then be able to make informed decisions about the business.
What is Gross Profit Margin? Calculate and Improve Your Business Profitability
Learn what gross profit margin is, how to calculate it, and use it to make better business decisions. Includes industry benchmarks and improvement tips.