PLANNING A BUSINESS

 Planning is needed to grow or start a business. ... A business plan is a document that
details the strategy of business owners on how they intend to run their business. There
are several objectives that should be covered in a business plan from what
the company's goals are to how many employees are going to be hired.

DESIGNING A BUSINESS

 Design opens up valuable opportunities for businesses. Its importance is often underestimated,
but good design can bring some significant business benefits.
 The research and prototype stages of the design process can generate new product ideas and
allow you to discover your customers' needs and preferences.
 Design can then help you turn these ideas into innovative and competitive products and services
that are suitable for your market. You can also use design to make your business processes
more efficient and to strengthen your marketing approach.
 This guide explains the different ways that design can benefit your business, from product
development to business strategy. It also outlines what's involved in the design process as well
as how you can manage the process and measure its success.

Organizational management is the process of leading a company and effectively using

or controlling its assets and resources.
Organizing or organising is the establishment of effective authority relationships among
selected work, persons and work places in order for the group to work together efficiently. Or
the process of dividing work into sections and departments.
Management consists of the interlocking functions of creating corporate policy and
organizing, planning, controlling, and directing an organization's resources in order to
achieve the objectives of that policy.

 “Launching a business” - which means to introduce your business to the

marketplace. This is when your organization beginS marketing and selling your
solution.

RUNNING A BUSINESS
 Business is the activity of making one's living or making money by producing or buying and
selling products (such as goods and services).[1][2][need quotation to verify][3][4] Simply put, it is "any activity
or enterprise entered into for profit. It does not mean it is a company, a corporation,
partnership, or have any such formal organization, but it can range from a street peddler to
General Motors."[5]
 Having a business name does not separate the business entity from the owner, which means
that the owner of the business is responsible and liable for debts incurred by the business. If
the business acquires debts, the creditors can go after the owner's personal possessions. A
business structure does not allow for corporate tax rates. The proprietor is personally taxed
on all income from the business.
 The term is also often used colloquially (but not by lawyers or by public officials) to refer to
a company. A company, on the other hand, is a separate legal entity and provides for limited
liability, as well as corporate tax rates. A company structure is more complicated and
expensive to set up, but offers more protection and benefits for the owner.