Category Archives: Creating Launching

How do entrepreneurs create their start-up strategy?

Challenges To Entrepreneurs Starting A Business Today The greatest challenge a new business venture faces is getting the right things done in the right order. Knowing what to do, and in what sequence, is critical, especially since the entrepreneur has very limited time and resources. Craig W. Johnson, chairman of the Venture Law Group, once said that starting companies is

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Global Entrepreneurship Program – Creating Your Start Up Strategy

FREE GLOBAL ENTREPRENEURSHIP PROGRAM Do you want to learn more about entrepreneurship and starting a business? We have the world’s first online global entrepreneurship program. Now it’s simple and easy to take online courses created and led by renowned experts in the field of entrepreneurship. CREATING YOUR START UP STRATEGY LEARNING OBJECTIVES: – We discuss how entrepreneurship has changed since

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Creating and Growing New Businesses – Ideas on Fostering Innovation

Prepared Testimony of Brink Lindsey, Kauffman Foundation Senior Scholar in Research and Policy Before the Subcommittee on Technology and Innovation, House Committee on Science, Space, and Technology As countries get richer, they become more heavily dependent on home-grown innovation; as opposed to simply expanding existing activities or borrowing good ideas from abroad to maintain their growth. And since new firms

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Why do we need a business plan?

Your Business Plan: The Roadmap That Guides You to Success Your business plan acts as a reflection of you, showing that you have really thought things through. It requires advance preparation, delegation, refinement, and, most importantly, a disciplined approach. Writing a business plan forces you into disciplined thinking if you do an intellectually honest job. An idea may sound great

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What is sales traction?

Discussions About Getting Sales Traction Today’s venture capitalists look to market and sales traction, or “referenceability,” as the single most important element before investing in a new business venture. Brooke Seawell, general partner of Palo Alto-based Technology Crossover Partners, which invests primarily in expansion and late-stage start-ups, says, “The most important thing is, can I go to four or five referenceable

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What is the Eureka moment for your business idea?

Discussion About Opportunity Recognition and Opportunity Formation Ever since the day that Archimedes, the famous Greek mathematician, leapt from his bathtub and ran through the streets of ancient Syracuse triumphantly shouting Eureka, “I found it!,” the history of science, technology, and business has been punctuated by exciting moments of true insight and discovery. It was during a visit to the

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What is the value chain concept?

Some influential business thinkers, most notably Michael Porter at Harvard Business School, have introduced the concepts of value chains that we discuss here. When a company enters and competes in any industry it performs a number of discrete but interconnected value-creating activities. Examples are engineering and designing, producing and marketing, warehousing and shipping, and servicing and supporting. These activities are connected

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How do entrepreneurs write a business plan for a start-up?

Mastering the Business Planning Process Your business plan acts as a reflection of you, showing that you have really thought things through. It requires advance preparation, delegation, refinement, and, most importantly, a disciplined approach. Eugene Kleiner shares sage advice, “Writing a business plan forces you into disciplined thinking if you do an intellectually honest job. An idea may sound great in

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