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Business Strategy Resources & Insights for Business

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Here are the critical factors to consider.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book"></span> <div class="tile__metadata-text">15-minute read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link tile--outline-default " href="/resources/types-of-business-insurance.html" data-bactmln="Tile-_-Hyperlink-_-understanding-types-of-business-insurance_[position]_/resources/types-of-business-insurance.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="361" src="/content/dam/business-ecosystem/resources/types-of-business-insurance/cfbe_business_insurance_tile_image.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <h3 class="tile__headline header--h4 header--default-color "> Understanding types of business insurance </h3> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Safeguarding a business against unforeseen circumstances is a crucial element of owning and operating a company. 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Here are some considerations when deciding whether to form an LLC.</p> </div> <div class="tile__metadata "> <span class="uc-icon-geography-market-region-global"></span> <div class="tile__metadata-text">Disponible en español </div> </div> <div class="tile__metadata "> <span class="icon-communication-book"></span> <div class="tile__metadata-text">3-minute read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link tile--outline-default " href="/resources/competitive-analysis.html" data-bactmln="Tile-_-Hyperlink-_-competitive-analysis:-what-is-it-and-how-to-do-it_[position]_/resources/competitive-analysis.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/business-ecosystem/resources/competitive-analysis/BofA_SB_4693X_CompetitiveAnalysis_HeroImage_052024_F360_640X360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <h3 class="tile__headline header--h4 header--default-color "> Competitive analysis: What is it and how to do it </h3> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Knowing the playing field can help you stay ahead of competitors and position yourself to stand out from the crowd.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book"></span> <div class="tile__metadata-text">7-minute read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link tile--outline-default " href="/resources/how-to-become-a-certified-minority-or-women-owned-business.html" data-bactmln="Tile-_-Hyperlink-_-women--and-minority-owned-business-certification-options_[position]_/resources/how-to-become-a-certified-minority-or-women-owned-business.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/business-ecosystem/resources/how-to-become-a-certified-minority-or-women-owned-business/sbr118_640x360.png" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <h3 class="tile__headline header--h4 header--default-color "> Women- and minority-owned business certification options </h3> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Certifications can help improve access to funding, contracts and networking opportunities.</p> </div> <div class="tile__metadata "> <span class="uc-icon-geography-market-region-global"></span> <div class="tile__metadata-text">Disponible en español</div> </div> <div class="tile__metadata "> <span class="icon-communication-book"></span> <div class="tile__metadata-text">9-minute read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link tile--outline-default " target="_self" href="/resources/succession-planning-business-exit-strategy.html" data-bactmln="Tile-_-Hyperlink-_-why-successful-business-succession-starts-long-before-youre-ready_[position]_/resources/succession-planning-business-exit-strategy.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/business-ecosystem/resources/succession-planning-business-exit-strategy/SuccessionPlanning_tile_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <h3 class="tile__headline header--h4 header--default-color "> Why successful business succession starts long before you’re ready </h3> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Gracefully exiting your business requires aligning personal financial goals with business strategy — before it’s time to leave. 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Learn how to prepare your business for the unexpected with a business resilience plan. </p> </div> <div class="tile__metadata "> <span class="icon-communication-book"></span> <div class="tile__metadata-text">6-minute read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link tile--outline-default " href="/resources/tina-fears-stage-ready.html" data-bactmln="Tile-_-Hyperlink-_-client-spotlight:-tina-fears-of-stage-ready-llc_[position]_/resources/tina-fears-stage-ready.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/business-ecosystem/resources/tina-fears-stage-ready/sbr021_640x360.png" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <h3 class="tile__headline header--h4 header--default-color "> Client spotlight: Tina Fears of Stage Ready LLC </h3> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Tina journeyed from working student to business owner. Hear how she sharpened her skills in the Bank of America Institute for Women’s Entrepreneurship at Cornell program.</p> </div> <div class="tile__metadata "> <span class="icon-media-play"></span> <div class="tile__metadata-text">Watch, 3:33 minutes</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link tile--outline-default " href="/resources/what-is-an-employer-identification-number-ein.html" data-bactmln="Tile-_-Hyperlink-_-what-is-an-employer-identification-number-ein?_[position]_/resources/what-is-an-employer-identification-number-ein.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/business-ecosystem/resources/what-is-an-employer-identification-number-ein/sbr108_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <h3 class="tile__headline header--h4 header--default-color "> What is an employer identification number (EIN)? </h3> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>An EIN identifies a business for tax reporting purposes. 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Breaking down the process of starting a business into manageable pieces is an easy way to get started. </p> </div> <div class="tile__metadata "> <span class="icon-media-play"></span> <div class="tile__metadata-text">Watch, 2:01 minutes</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link tile--outline-default " href="/resources/guide-starting-a-business.html" data-bactmln="Tile-_-Hyperlink-_-how-to-start-a-business-in-15-steps_[position]_/resources/guide-starting-a-business.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/business-ecosystem/resources/guide-starting-a-business/sbr061_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <h3 class="tile__headline header--h4 header--default-color "> How to start a business in 15 steps </h3> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>This guide will walk you through the foundational elements of starting a business and explain what you can expect as you embark on the journey toward business ownership. </p> </div> <div class="tile__metadata "> <span class="icon-communication-book"></span> <div class="tile__metadata-text">27-minute read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link tile--outline-default " href="/resources/how-your-business-structure-can-affect-your-taxes.html" data-bactmln="Tile-_-Hyperlink-_-how-a-businesss-structure-can-affect-the-business-owners-taxes_[position]_/resources/how-your-business-structure-can-affect-your-taxes.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/business-ecosystem/resources/how-your-business-structure-can-affect-your-taxes/sbr066_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <h3 class="tile__headline header--h4 header--default-color "> How a business’s structure can affect the business owner’s taxes </h3> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Establishing your business as a corporation, limited liability company or partnership is a big step. 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Learn about the pros and cons of sole proprietorships and how to set one up.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book"></span> <div class="tile__metadata-text">3-minute read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link tile--outline-default " href="/resources/female-entrepreneurs-small-business-challenges.html" data-bactmln="Tile-_-Hyperlink-_-women-entrepreneurs:-overcoming-4-small-business-challenges_[position]_/resources/female-entrepreneurs-small-business-challenges.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/business-ecosystem/resources/female-entrepreneurs-small-business-challenges/sbr119_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <h3 class="tile__headline header--h4 header--default-color "> Women entrepreneurs: Overcoming 4 small business challenges </h3> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Accessing capital and lifting sales are common challenges reported by women business owners. Here are some strategies for overcoming these and other challenges.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book"></span> <div class="tile__metadata-text">6-minute read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link tile--outline-default " href="/resources/start-a-business-with-no-money.html" data-bactmln="Tile-_-Hyperlink-_-how-to-start-a-business-with-little-or-no-money_[position]_/resources/start-a-business-with-no-money.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/business-ecosystem/resources/start-a-business-with-no-money/sbr062_640x360.png" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <h3 class="tile__headline header--h4 header--default-color "> How to start a business with little or no money </h3> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Thanks to the abundance of free and low-cost resources to support entrepreneurs, it’s easier than ever to start a business with little to no money.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book"></span> <div class="tile__metadata-text">9-minute read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link tile--outline-default " href="/resources/what-is-a-dba-what-does-it-mean-for-your-business.html" data-bactmln="Tile-_-Hyperlink-_-what-is-a-dba-and-what-does-it-mean-for-your-business?_[position]_/resources/what-is-a-dba-what-does-it-mean-for-your-business.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/business-ecosystem/resources/what-is-a-dba-what-does-it-mean-for-your-business/sbr104_640x360.png" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <h3 class="tile__headline header--h4 header--default-color "> What is a DBA &amp; what does it mean for your business? </h3> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>DBA - or &quot;doing business as&quot; - is when a person or corporation decides to do business under a name different than its legal name. </p> </div> <div class="tile__metadata "> <span class="icon-communication-book"></span> <div class="tile__metadata-text">8-minute read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link tile--outline-default " href="/resources/top-tips-on-how-to-start-a-successful-dental-practice-start-up.html" data-bactmln="Tile-_-Hyperlink-_-dental-practice-start-up:-top-10-tips-for-success_[position]_/resources/top-tips-on-how-to-start-a-successful-dental-practice-start-up.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/business-ecosystem/resources/top-tips-on-how-to-start-a-successful-dental-practice-start-up/sbr025_640x360.png" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <h3 class="tile__headline header--h4 header--default-color "> Dental practice start-up: Top 10 tips for success </h3> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>As a dentist, you’ve chosen an amazing line of work with proven high success rates. Here are 10 tips to make your practice start-up experience a successful one.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book"></span> <div class="tile__metadata-text">10-minute read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link tile--outline-default " href="/resources/choosing-the-best-business-structure-for-your-small-business.html" data-bactmln="Tile-_-Hyperlink-_-considerations-when-choosing-a-business-structure_[position]_/resources/choosing-the-best-business-structure-for-your-small-business.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/business-ecosystem/resources/choosing-the-best-business-structure-for-your-small-business/GettyImages-1250307252_640x360_tile.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <h3 class="tile__headline header--h4 header--default-color "> Considerations when choosing a business structure </h3> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Choosing the right business structure is critical for all business types as it influences everything from day-to-day operations to taxes and your personal assets.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book"></span> <div class="tile__metadata-text">13-minute read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link tile--outline-default " href="/resources/benefits-starting-a-veterinary-practice.html" data-bactmln="Tile-_-Hyperlink-_-be-your-own-boss:-the-perks-of-clinic-ownership-and-how-to-get-there_[position]_/resources/benefits-starting-a-veterinary-practice.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/business-ecosystem/resources/benefits-starting-a-veterinary-practice/sbr008_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <h3 class="tile__headline header--h4 header--default-color "> Be your own boss: The perks of clinic ownership and how to get there </h3> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Clinic ownership comes with many advantages. Before you jump in, consider your personal and professional goals and how becoming a clinic owner will help you achieve them.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book"></span> <div class="tile__metadata-text">5-minute read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link tile--outline-default " href="/resources/how-to-write-effective-small-business-plan.html" data-bactmln="Tile-_-Hyperlink-_-how-to-write-an-effective-business-plan-in-11-steps-with-workbook_[position]_/resources/how-to-write-effective-small-business-plan.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/business-ecosystem/resources/how-to-write-effective-small-business-plan/TILE_640x360.png" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <h3 class="tile__headline header--h4 header--default-color "> How to write an effective business plan in 11 steps (with workbook) </h3> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Research shows that owners who complete business plans are twice as likely to grow their business successfully or obtain capital compared to those who don't. </p> </div> <div class="tile__metadata "> <span class="uc-icon-geography-market-region-global"></span> <div class="tile__metadata-text">Disponible en español</div> </div> <div class="tile__metadata "> <span class="icon-communication-book"></span> <div class="tile__metadata-text">14-minute read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link tile--outline-default " href="/resources/veterans-make-ideal-entrepreneurs-here-are-the-resources-you-need-to-start-a-small-business.html" data-bactmln="Tile-_-Hyperlink-_-resources-for-veteran-entrepreneurs_[position]_/resources/veterans-make-ideal-entrepreneurs-here-are-the-resources-you-need-to-start-a-small-business.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/business-ecosystem/resources/veterans-make-ideal-entrepreneurs-here-are-the-resources-you-need-to-start-a-small-business/sbr082_640x360.png" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <h3 class="tile__headline header--h4 header--default-color "> Resources for veteran entrepreneurs </h3> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Starting a new career after leaving the armed forces can be challenging. This list focuses on resources that can help veterans jumpstart their small businesses.</p> </div> <div class="tile__metadata "> <span class="icon-communication-book"></span> <div class="tile__metadata-text">3-minute read</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link tile--outline-default " href="/resources/small-business-spotlight-dr-karen-fields.html" data-bactmln="Tile-_-Hyperlink-_-client-spotlight:-dr--karen-fields-lever-of-28-to-brush_[position]_/resources/small-business-spotlight-dr-karen-fields.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/business-ecosystem/resources/small-business-spotlight-dr-karen-fields/sbr015_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <h3 class="tile__headline header--h4 header--default-color "> Client spotlight: Dr. Karen Fields-Lever of 28 to Brush </h3> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Dr. Karen Fields-Lever shares how she launched her own Chicago dental practice to deliver more personal treatment and make patients more comfortable.</p> </div> <div class="tile__metadata "> <span class="icon-media-play"></span> <div class="tile__metadata-text">Watch, 2:35 minutes</div> </div> </div> </div> </a> </div> <div class="aem-wrap--tile"> <a class="tile-anchor js-tile-anchor js-tile-tag-link t-track-tile-link tile--outline-default " href="/resources/kumapley-lartevi-the-convenient-clinic.html" data-bactmln="Tile-_-Hyperlink-_-client-spotlight:-dr--kumapley-lartevi,-the-convenient-clinic_[position]_/resources/kumapley-lartevi-the-convenient-clinic.html"> <div class="tile js-tile "> <div class="tile__image-container"> <img class="tile__image " width="640" height="360" src="/content/dam/business-ecosystem/resources/kumapley-lartevi-the-convenient-clinic/sbr016_640x360.jpg" alt aria-hidden="true"/> </div> <div class="tile__body-container"> <h3 class="tile__headline header--h4 header--default-color "> Client spotlight: Dr. Kumapley Lartevi, The Convenient Clinic </h3> <div class="tile__body color-default " data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"><p>Dr. Kumapley Lartevi of The Convenient Clinic had no experience running a business. 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