Business

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Business is a term given to the "institution" which has grown up around the exchange of value.


Types of Businesses

There are a number of different categorizations or types, denoted by a specific nomenclature occuring immediately after the business name. For example, in Canada we have:

  1. SP - Sole Proprietorship (single owner)
  2. Inc. - Incorporated (commonly used for personal "holding companies")
  3. Ltd. - Limited Corporation (typically divisions of a parent company)
  4. Corp. - Corporation (mostly used by large enterprises)
  5. LLC - Limited Liability Company (usually used for subsidiaries or experimental spin-off companies)
  6. Co-op - Co-operative (group-owned, multi-owner, etc)

Business Case

A clear argument for the viability of a particular product, service, brand or other saleable good. Business Cases can also be retrospective (i.e. in the case of Business Case Studies commonly used to teach management principles in MBA programs).

Cost-Benefit Analysis

Cost-Benefit Analysis (also called "Benefit-Cost Analysis" or abbreviated BCA) is a technique for forecasting future potential of a particular business or organizational investment.

Exit Strategy

An exit strategy is the escaping of a specific situation, typically a hostile or otherwise uncomfortable/difficult situation. An organization or individual without an exit strategy may be in a quagmire. At worst, an exit strategy will save face; at best, an exit strategy will peg a withdrawal to the achievement of an objective worth more than the cost of continued involvement. [3]


Business Plan

A Business Plan is a formal statement of business objectives and intentions. A Business Plan most commonly includes an elevator pitch (short 10 second to 5 minute presentation for potential investors), mission statements, branding proposals, company logos, headquarter locations, product/service descriptions, business models, operations, market analysis, promotion strategies, cost/benefit analysis, revenue forecasts, Return On Investment (ROI) forecasts, growth strategies, how much the business would require to successfully go from startup to operational/successful, and potentially many other pieces of information about the planned business, its founders, products and services and the value it adds to the market or economy as a whole.


Quarterly Business Review

Tools


Resources


Tutorials

[5] [6] [7] [8] [9] [10]

External Links

[11] [12] [13] [14] [15] [16] [17] [18] [19] [20] [21] [22] [23] [24] [25] [26] [27] [28] [29] [30] [31] [32] [33] [34] [35] [36] [37] [38] [39] [40] [41] [42] [43] [44] [45] [46] [47] [48] [49] [50] [51] [52] [53] [54] [55] [56]


References

  1. wikipedia: Types_of_companies#Canada
  2. US National Transportation Library -- Benefit-Cost Assessment and Deployment Potential: https://web.archive.org/web/20161101214149/http://ntl.bts.gov/lib/jpodocs/repts_te/14095_files/sec_8.htm (a specific example of government BCA Hazmat unit deployment)
  3. wikipedia: Exit strategy
  4. The 20 Minute Business Plan -- Business Model Canvas Made Easy: https://www.alexandercowan.com/business-model-canvas-templates/
  5. How to Write a Business Plan: https://www.wikihow.com/Write-a-Business-Plan
  6. How to Write a Business Plan (updated for 2019): https://articles.bplans.com/how-to-write-a-business-plan/
  7. Business Plans — A Step-by-Step Guide : https://www.entrepreneur.com/article/247574
  8. How to Write a Business Plan in 2019 -- A Step-by-Step Guide: https://www.valuepenguin.com/small-business/how-to-write-business-plan
  9. How to Write a Business Plan for a Small Business: https://www.wikihow.com/Write-a-Business-Plan-for-a-Small-Business
  10. UBC — Create Your Business Plan: https://sba.ubc.ca/learn-business-basics/business-plans
  11. wikipedia: Franchising
  12. wikipedia: Chain store
  13. wikipedia: Restaurant
  14. wikipedia: Grocer
  15. wikipedia: Hardware store
  16. wikipedia: Retailer
  17. wikipedia: Hotel
  18. wikipedia: Day spa
  19. wikipedia: Airline
  20. wikipedia: Airport
  21. wikipedia: Railway
  22. wikipedia: Rapid transit
  23. wikipedia: Metro station
  24. wikipedia: Automotive
  25. wikipedia: Bus service
  26. wikipedia: School bus contractor
  27. wikipedia: Taxi
  28. wikipedia: Courier
  29. wikipedia: Delivery (commerce)
  30. wikipedia: Distribution (business)
  31. wikipedia: Broadcaster
  32. wikipedia: Telecommunications company
  33. wikipedia: Internet service provider
  34. wikipedia: Software provider
  35. wikipedia: Software developer
  36. wikipedia: Newspaper
  37. wikipedia: Magazine
  38. wikipedia: Publisher
  39. wikipedia: Locksmith
  40. wikipedia: Pharmacy
  41. wikipedia: Hospital
  42. wikipedia: Health care provider
  43. wikipedia: Caregiver
  44. wikipedia: Bank
  45. wikipedia: Insurer
  46. wikipedia: Financial adviser
  47. wikipedia: Accountancy
  48. wikipedia: Real estate broker
  49. wikipedia: Speculator
  50. wikipedia: Venture capital
  51. wikipedia: Marketing company
  52. wikipedia: Fashion design
  53. wikipedia: Manufacturer
  54. wikipedia: Home builder
  55. wikipedia: Independent contractor
  56. wikipedia: Private military company

See Also

E-Business | E-Commerce | Retail | Entrepreneurship | Finance | Insurance | Venture Capital | Startup | Economy | Business Model | Marketing