Author Archives: Robert W Price

What is bootstrapping?

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Every entrepreneur planning a new venture faces the same dilemma. What are the critical capital resources? How much cash (financial capital) is needed? When is it needed? How will the funds be used? How soon will the venture reach profitability? For an entrepreneur, when times are good, cash flow is the oil that keeps a venture running smoothly. But cash

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How do you define your business space?

Understanding the environment of the industry is most important when planting the seeds of a new business venture. The environment is defined as all elements outside the boundary of an organization including the industry, government, customers, suppliers, the financial community, and other business ventures. Discussions of Industry Dynamics and Risk Analysis In the late 1970s, Harvard Business School’s Michael Porter introduced

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What are the supporting documents for investors?

Before any credible private equity investor will write a check to an entrepreneur they will conduct a complete background checks and detailed examination of the Company’s legal status and other important documents. We have provided discussions here for entrepreneurs to know about these supporting documents, and what entrepreneurs need to know before they talk to any potential investors. Our discussions here come from in-depth interviews and

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What is a global entrepreneur?

Are you a Global Entrepreneur? Strategic motives must drive the decisions to conduct business globally: Are You Ready To “Go Global?” But what is your action plan? Where do you begin? How do you begin? Which markets should be entered first? What would be the optimal mode of entry? How rapidly should you expand globally? Definition of global entrepreneur: A global

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What is Global Entrepreneurship Week?

                  Global Entrepreneurship Week is the celebration of the innovators and job creators who launch startups that bring ideas to life, drive economic growth, and expand human welfare. This year’s event runs November 17-24, 2014. Now with almost eight million people set to be involved including the likes of Richard Branson, Global

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What is an entrepreneur?

Entrepreneur is a word borrowed from the French words entreprendre, “one who undertakes”—that is, a “manager.” In fact, the word entrepreneur was shaped probably from celui qui entreprend, which is loosely translated as “those who get things done.” In the early eighteenth century, a group of thinkers called the Physiocrats surfaced in France around a school of new economic theory.

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