Business Plan

What is a Business Plan? A business plan is a written document that describes in detail how a business—usually a startup—defines its objectives and how it is to go about achieving its goals. A business plan lays out a written roadmap for the firm from marketing, financial, and operational standpoints. Business plans are important documents … Continue reading Business Plan

Business Owner

What is a Business Owner? A business owner is an individual who owns and operates a business, small or large, with the aim of deriving profit from its successful operation. He or she typically makes all important decisions for the business, whether related to the product/service on offer or its infrastructure, and may work with … Continue reading Business Owner

Business Environment

What is a Business Environment? A business environment is a set of elements closely involved with a business’ activities. These factors have an internal or external influence over the company’s results, performance and growth. Definitions of Business Environment The term ‘business environment’ connotes external forces, factors and institutions that are beyond the control of the … Continue reading Business Environment

Business Cycle

What is a Business Cycle? A business cycle, also called economic cycle, is a period of changing economic activity comprised of expansions and contractions as measured by real GDP. In other words, it’s a period of time where the economy grows, peaks, shrinks, and bottoms out. Then the cycle repeats itself. A business cycle is … Continue reading Business Cycle