Use Hambrick and Fredrickson's strategy diamond to build a strategy that aligns arenas, vehicles, differentiators, staging, and economic logic.

What is a Strategic Acquirer in a Startup? What is a strategic acquisition? Strategic acquisition is more concerned with ensuring that the merger fits within the expectations of the company's long-term plans for the business. To achieve...

Standard costs are used to estimate what will be the Cost of Goods Sold or COGS.

What is a Small Business Investment Company (SBIC)? An SBIC is a privately owned company that's licensed and regulated by the SBA. SBICs invest in small businesses in the form of debt and equity. The SBA doesn't invest directly into...

US law regulates the purchase and sale of securities. These laws are generally enforced by the Securities and Exchange Commission. This video explains what are US Securities Laws and how do they work?

Decentralization allows for managerial autonomy in decision making. Responsibility centers are autonomous within the organization. They require a decentralized approach to management accountability and performance.

In this video, the speaker provides an explanation of what managerial accounting is and how it differs from financial accounting. The video highlights the tasks and responsibilities of a managerial accountant, such as preparing financial...

What is Growth in a Startup Venture? There's an initial period of slow or no growth while the startup tries to figure out what it's doing. As the startup figures out how to make something lots of people want and how to reach those...

What is a Social Venture? A social venture is undertaking by a firm or organization established by a social entrepreneur that seeks to provide systemic solutions to achieve a sustainable, social objective.

Business to Business or B2B Customers

What should be included in the Financial Projections portion of the business plan? The financial section of your business plan should include a sales forecast, expenses budget, cash flow statement, balance sheet, and a profit and loss...

Business Customers are different than Consumers

The units calculation for the break even point in an activity is used to determine exactly how many units of output must be produced and sold for the company to breack even monetarily.

Break even analysis is a key assumption when conducting a Cost Volume Profit Analysis. This video explains the relevance of this assumption.

The break even point for an organization can be calculated as either the total number of units sold or the total value of units sold.

This video provides and explanation of what is Cost Volume Profit Analysis. It gives a brief overview of how the CVPA is used in managerial accounting.

What are some primary Documents used for Businesses? List of business documents: Documentation of Bylaws, Non-Disclosure Agreement, Minutes of Meeting, Business plans, etc.

This video explains the concept of cost volume profit (CVP) analysis and the relationships between various metrics used in this analysis. The video delves into key metrics such as contribution margin, net income, variable expense ratio,...

What is the Economic Value Added Method of business valuation? EVA is the incremental difference in the rate of return (RoR) over a company's cost of capital. Essentially, it is used to measure the value a company generates from funds...

How to Create a Business Entity

What is the General Description portion of a business plan? The company description should feature: The legal structure of your business (corporation, sole proprietorship, etc.) A brief history, the nature of your business, and the needs...

This video explains the concept of a sole proprietorship, which is the simplest form of business entity to establish. The video also highlights that while a sole proprietorship can have employees, it ceases to exist if there is a...

Forming a General Partnership

What are Angel and Venture Capital Investments? Venture Capitalist vs. Angel Investor: What's the difference? Venture capitalists are business professionals who invest money into startups on behalf of a risk capital company (they use...