.. index:: Entrepreneurship .. _entrepreneurship: Entrepreneurship ================== | Wikipedia: https://en.wikipedia.org/wiki/Entrepreneurship * :ref:`Business Books` + The Personal MBA: Master the Art of Business | http://personalmba.com/ | http://personalmba.com/best-business-books/ See also: * :ref:`Personal Finance` * :ref:`Small Business Consulting` * :ref:`Solving` * :ref:`business modeling` * :ref:`business roi` * :ref:`Business Plans` # * :ref:`Investing` .. index:: SBA .. _sba: SBA ---- | Wikipedia: https://en.wikipedia.org/wiki/Small_Business_Administration | Homepage: https://www.sba.gov/ * https://www.sba.gov/starting-managing-business * https://www.sba.gov/tools/local-assistance * https://www.sba.gov/starting-business/how-start-business/business-data-statistics .. index:: Planning .. _planning: Planning --------- | Wikipedia: https://en.wikipedia.org/wiki/Planning | WikipediaCategory: https://en.wikipedia.org/wiki/Category:Planning * https://en.wiktionary.org/wiki/best_laid_plans See also: * :ref:`Business Plans` (Pessimistic, Realistic, Optimistic) * :ref:`Business Strategies ` * :ref:`Scenarios` * :ref:`Team Building` > :ref:`The Same Page` .. index:: Plan for Failure .. _plan for failure: ===================== Plan for Failure ===================== * https://en.wikipedia.org/wiki/Business_failure * Many businesses fail. What is the survival rate for new businesses? About half of all new establishments survive five years or more and about one-third survive 10 years or more. -- https://www.sba.gov/sites/default/files/FAQ_March_2014_0.pdf (p.1) * http://www.bls.gov/bdm/bdmage.htm * http://www.bls.gov/bdm/bdagefaq.htm#6 * Many businesses are not :ref:`profitable ` in their first year(s) of operation. .. index:: Contingency plan .. _contingency plan: ---------------------- Contingency plan ---------------------- | Wikipedia: https://en.wikipedia.org/wiki/Contingency_plan * :ref:`Business Continuity` > :ref:`Scenarios` .. index:: Exit strategy .. _exit strategy: ---------------- Exit strategy ---------------- | Wikipedia: https://en.wikipedia.org/wiki/Exit_strategy * Cash out * Sell to: A, B, or C * Find an **EXIT** sign ["plan your route"] .. index:: Plan for Success .. _planfor success: ====================== Plan for Success ====================== * :ref:`Business Continuity` .. index:: Mission Statement .. _mission statement: ------------------- Mission Statement ------------------- * https://en.wikipedia.org/wiki/Mission_statement .. index:: Project .. _project: -------- Project -------- * https://en.wikipedia.org/wiki/Project * ``__ .. index:: Goal .. _goal: ------- Goal ------- | Wikipedia: https://en.wikipedia.org/wiki/Goal * https://en.wikipedia.org/wiki/Goal_setting * https://en.wikipedia.org/wiki/SMART_criteria .. index:: Objective .. _objective: --------- Objective --------- | .. index:: Imagine Success .. _imagine success: ----------------- Imagine Success ----------------- * https://en.wikipedia.org/wiki/Creative_visualization * https://en.wikipedia.org/wiki/Guided_imagery .. index:: Start at the end .. index:: Backward induction .. _backward induction: .. _start at the end: ------------------ Start at the end ------------------ * https://en.wikipedia.org/wiki/Backward_induction * https://en.wikipedia.org/wiki/Reverse_chronology .. index:: Profitability .. _profitability: ============== Profitability ============== | Wikipedia: ``__ | Wikipedia: https://en.wikipedia.org/wiki/Rate_of_profit | Investopedia: http://www.investopedia.com/terms/p/profitabilityratios.asp | Investopedia: http://www.investopedia.com/terms/r/reinvestment.asp * Profit ~= Income = Revenue - Expenses (:ref:`business roi`) * There is an incentive to re-invest revenue into the business. * https://en.wikipedia.org/wiki/Break-even * https://en.wikipedia.org/wiki/Customer_profitability (:ref:`smoothies`) * https://en.wikipedia.org/wiki/Profitability_index .. index:: USA Entrepreneurship .. _usa entrepreneurship: USA Entrepreneurship --------------------------- * Choosing a name * :term:`DNS` availability * Search result count * (Multi-) state business name registration * https://www.sba.gov/starting-business/choose-register-your-business * "Trade Name" * `Scope `__ * Market Share / Market Size * https://en.wikipedia.org/wiki/Market_(economics)#Size_parameters * https://en.wikipedia.org/wiki/Market_share * Growth potential * number of customers * marginal customer value (see: :ref:`smoothies`) * Legal team factors to consider * Already-prepared, already-tested document library * Multi-state network * Registering a business * State of incorporation * :ref:`Types of business entity` .. index:: Business Entity Types .. index:: Types of Business Entity .. _types of business entity: ========================= Types of business entity ========================= | Wikipedia: https://en.wikipedia.org/wiki/Types_of_business_entity#United_States No liability protection, no double-taxation ("pass-through taxation"): * https://en.wikipedia.org/wiki/Types_of_business_entity#United_States * https://en.wikipedia.org/wiki/Partnership_taxation_in_the_United_States * https://en.wikipedia.org/wiki/Sole_proprietorship * https://en.wikipedia.org/wiki/Partnership Limited liability, no double-taxation ("pass-through taxation"): * https://en.wikipedia.org/wiki/Limited_liability * https://en.wikipedia.org/wiki/Limited_liability_partnership#United_States ("LLP") * https://en.wikipedia.org/wiki/Limited_liability_limited_partnership ("LLLP") * https://en.wikipedia.org/wiki/Limited_liability_company ("LLC") * https://en.wikipedia.org/wiki/Articles_of_organization Types of corporations: * https://en.wikipedia.org/wiki/Types_of_business_entity#United_States * https://en.wikipedia.org/wiki/Nonprofit_organization * https://en.wikipedia.org/wiki/For-profit_corporation * https://en.wikipedia.org/wiki/Articles_of_Incorporation * https://en.wikipedia.org/wiki/Stock_certificate * https://en.wikipedia.org/wiki/Minutes * ``__ * https://en.wikipedia.org/wiki/Robert%27s_Rules_of_Order * :ref:`digital stand up meeting` * https://en.wikipedia.org/wiki/S_corporation * some LLCs and LLPs can be taxed as S corporations * closely held * pass-through income taxation (according to shareholder %) * no aliens allowed * one class of stock * health insurance benefits and HSAs must be included as W-2 wages if the shareholder holds greater than 2% of the outstanding shares * https://en.wikipedia.org/wiki/S_corporation#Qualification_for_S_corporation_status * https://en.wikipedia.org/wiki/C_corporation * taxed separately (business income tax, payroll tax; and then income tax) * https://en.wikipedia.org/wiki/Corporate_tax_in_the_United_States#Tax_rates * https://www.irs.gov/pub/irs-pdf/i1120.pdf https://www.irs.gov/instructions/i1120/ch02.html#d0e2707 ("Tax Rate Schedule" 2015 p.17 ) * Corporate income tax rates (2015 Form 1120): 15-35% (*) * Personal :ref:`income tax` rates (2015 Form 1040): 10-39.6% (*) .. code:: python >>> ((1.0 * (1-0.35)) * (1-0.396)) 0.3926 >>> ((1.0 * (1-0.15)) * (1-0.10)) 0.765 See also: * :ref:`Information Systems` > :ref:`Accounting` (* "Accountant") * :ref:`Small Business Consulting` > :ref:`business roi` .. index:: Economics .. _economics: Economics ----------- https://en.wikipedia.org/wiki/Microeconomics * https://www.khanacademy.org/economics-finance-domain/microeconomics https://en.wikipedia.org/wiki/Macroeconomics * https://www.khanacademy.org/economics-finance-domain/macroeconomics https://en.wikipedia.org/wiki/Venture_capital * https://www.khanacademy.org/economics-finance-domain/core-finance/stock-and-bonds/venture-capital-and-capital-markets/v/raising-money-for-a-startup See also: * :ref:`Investing` > :ref:`Financial Statement` * :ref:`Investing` > :ref:`Capitalization Table` * :ref:`Investing` > :ref:`Equity`