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 DBA? Your Guide to "Doing Business As" Names
Learn what a DBA is, when you need one, and how to register your "Doing Business As" name. Simple guide for small business owners.
What is a Corporation? A Complete Guide to Corporate Business Structure
Learn what a corporation is, how it works, and if it's right for your business. Understand C-Corp vs S-Corp, taxes, and incorporation benefits.
What is a Sole Proprietorship? The Simplest Business Structure Explained
Learn about sole proprietorships - the easiest way to start a business. Discover pros, cons, taxes, and if it's right for your small business.
What is an LLC? A Beginner's Guide to Limited Liability Companies
Learn what an LLC is, how it works, and if it's right for your small business. Simple explanations, real examples, and practical advice for entrepreneurs.
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.