Category Archives: Roadmap

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 bootstrapping?

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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Why do entrepreneurs need a strategic vision?

Research has shown that successful entrepreneurs create visions of the future, which inspires others to get involved in the venture. As an entrepreneur leading a start-up it is important to have these discussions about “blueprinting your strategic architecture” today. Entrepreneurial success depends on the ability to think strategically, have a clear strategic vision, and achieve results quickly. Richard Siegelman, general

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Why do entrepreneurs need a growth strategy?

Growth is the very essence of entrepreneurship. Growth is the only vehicle that will deliver returns to your investors. And as we discuss in a previous Article, uncertainty and risk are a vicious cycle in high growth-potential ventures. Uncertainty and risk increase because the number of elements in the venture increases, the differences among those elements increase, and the interdependencies among those

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How do entrepreneurs put together the venture team?

It is very difficult to build high growth-potential ventures without a team that has a critical mass of skills and deep understanding and passion of the business space. This means understanding the customers, the existing relationships, and the current products. As Arthur Rock once said, “A great idea won’t make it without great management.” He commits to and invests in people,

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What is strategic leadership for entrepreneurs?

Entrepreneurial success depends on the ability to think strategically, have a clear strategic vision, and achieve results quickly. Richard Siegelman, general partner at Kleiner Perkins, probes to find out how people got together and what motivates them as a group. He asks, “Is there a shared vision and culture?” According to Siegelman, “Some people may have strong technical dreams, and

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What are the benefits of strategic planning for entrepreneurs?

Your venture’s goals and strategy define the purpose and competitive advantage that will set it apart from others. Your goals help define your intent, and strategy is the plan of action that describes activities for dealing with the environment and for reaching your venture’s intended goals. When combined, goals and strategies define the scope of operations and the relationship with

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What is the evolution of the venture capital industry?

Discussions About The Venture Capital Industry In The United States Frank Knight, a professor of economics at Chicago in 1928, wrote in Uncertainty and Profits, “The only risk which leads to a profit is a unique uncertainty. Profits arise out of the inherent, absolute unpredictability of things.” Alfred R. Berkeley III, vice chairman of NASDAQ, told us that “capital is like oil;

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