Remove Business Model Remove LLC Remove Revenue
article thumbnail

10 Key Business Plan Elements Not In A Product Spec

Startup Professionals Musings

Description of the business entity you plan to form. The most common business entity used for startups is a Limited Liability Corporation (LLC), which is the cheapest and simplest to manage. Provide specifics on the customer business model. They want to see revenue to share in the return.

article thumbnail

10 Preparation Steps to Win an Angel Investment

Startup Professionals Musings

Here is my list of top ten action items to best prepare you for success in achieving a funding event with angels: Incorporate the business now. If you expect to require external funding, you should first incorporate as an S-Corp, C-Corp, or LLC, rather than the more expeditious sole proprietorship or partnership.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top Ten Action Items For Angel Funding Success

Startup Professionals Musings

Here is my list of top ten action items to best prepare you for success in achieving a funding event with angels: Incorporate the business now. If you expect to require external funding, you should first incorporate as an S-Corp, C-Corp, or LLC, rather than the more expeditious sole proprietorship or partnership.

article thumbnail

Five Tips To Dealing With Insider Threats Facing SMBs

YoungUpstarts

You’re doing 20 things at once trying to keep your business going. With everything it takes to get your business off the ground, or maintain it, keeping track of cybersecurity can be tough. Thanks to cloud computing and SaaS/PaaS business models, cybersecurity is much more accessible to small and medium businesses (SMBs).

LLC 150
article thumbnail

9 Entrepreneurs Reveal The Business They are Starting Next Year

Hearpreneur

It is, without any doubt, a top-notch business to start in 2021. In 2021, I’ll launch The Expat Partner Coach LLC to empower expat partners to live purposeful and positive lives abroad. Thanks to Linda Mueller, The Expat Partner Coach LLC ! #5- What business are you starting next year? 4- Coaching.

Kentucky 137
article thumbnail

What is a Social Enterprise?

Up and Running

The Social Enterprise Alliance offers this definition: “In its early days, the social enterprise movement was identified mainly with nonprofits that used business models and earned income strategies to pursue their mission. According to the Harvard Business Review, in most U.S. economy in general—U.S.

article thumbnail

The Key Elements of the Financial Plan

Up and Running

A profit and loss statement is essentially an explanation of how your business made a profit (or incurred a loss) over a certain period of time. It’s a table that lists all of your revenue streams and all of your expenses—typically for a three-month period—and lists at the very bottom the total amount of net profit or loss.