Ideas from books, articles & podcasts.
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by Harvard Business Review
Without these elements—a full understanding of a problem, new connections, and a vision or direction for a solution—there is no entrepreneurial venture. Whether the problem you’ve identified is global or local, broad or niche, ...
A business opportunity is primarily a product or service that creates significant value for customers and offers significant profit potential to the entrepreneur.
A business opportunity:
A business model describes how an enterprise proposes to make money.
A well-conceived and promising business model is only half the equation for success because it doesn’t take into account the market competition.
Dealing with competition is...
The 5 steps of strategy formulation are:
At the onset of your new venture, you will need to address the legal form your enterprise will adopt. Should it be a sole proprietorship, a partnership, a corporation, or a limited liability company? This decision is driven mainly by your objectives and those of your investor...
A business plan is a document that explains a business opportunity, identifies the market to be served, and provides details about how the entrepreneurial organization plans to pursue it. To be effective, a good plan also describes the unique qualifications that you and your ...
During the growth stage, your business expands its sales and develops a growing base of customers. As a result, you’ll need more capital—for expanding your operation, hiring and training new employees, etc.
Your company may already be generating some positive cash flows...
Growing firms with exceptional revenue potential have another option to achieve a significant cash infusion: they can seek financing through an IPO. This process presents ownership shares to the world of individual investors and institutional investors such as pension fun...
Possible approaches to leading a startup faced with rapid growth:
Entrepreneurial leaders can keep the spirit alive if they:
There are probably as many reasons for harvesting an investment as there are entrepreneurs. Retirement is one reason. An offer “too good to refuse” is yet another.
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Entrepreneurship: the mature kind.
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