SPIRIT OF INNOVATION
|
|
- Drusilla Arnold
- 8 years ago
- Views:
Transcription
1 SPIRIT OF INNOVATION
2 10 YEARS LATER Acid Test of a Business Plan Seminar The practice of entrepreneurship Marc Bourgeois, Managing Director endurit gmbh
3 AGENDA 1. endurit today 2. Business Plan vs. Reality 3. Conclusion
4 DISCLAIMER THE OPTIONS THAT ARE APPROPRIATE FOR ONE ENTREPRENEURIAL VENTURE MAY BE COMPLETELY INAPPROPRIATE FOR ANOTHER.
5 AGENDA 1. endurit today 2. Business Plan vs. Reality 3. Conclusion
6 ENDURIT TODAY: BUSINESS endurit develops innovative web applications based on complex business processes Founded (change of legal form 2004) 10 Employees (min) (2 apprentices) Customers: small-large, all sectors, CH EURO World Market share:? 30% projects, 30% maintenance, 40% operations ~100 long term customers (real estate, car industry, languate teaching, wholesale, retail, government, hospitals, pension funds, lawfirms, end users (!), start-up industry) Customer loyality
7 VISIONS BECOME REALITY We develop, integrate and operate Solutions for E-Business, Websites and Digital Communication and advise customers in a number of European countries
8 ENDURIT TODAY: FINANCIALS Debts: CHF 0 (min) Funding: internal financing Return on assets: > 100% Net operating margin: ~23% Quick ratio: ~500% capacity utilisation: 100% Marketing budget: CHF 0 (min) (but sponsoring) Bad debt losses: 0 Growth: Avg. ~30%
9 AGENDA 1. endurit today 2. Business Plan vs. Reality 3. Conclusion
10 PERSONAL GOALS Strongly driven by passion / conviction / ideology / feu sacré Politics (improve competitive strength of our society), Army pursue my own ideas Power hungry, be my own boss Down-to-earth Self-confident Money is secondary No family yet Student life Business sustainability and size Tolerance for risk? Decision to become an entrepreneur
11 RECOGNIZING OPPORTUNITIES 3 loops Swiss Communication Bank (business idea, investment opportunity, presentation) Feasibility? Team? Business model? Funding? Index certificates Feasibility? Team? Business model? Funding? Tenacity despite failure
12 GENERATING IDEAS Investors invest in people, not so much in ideas Investor came to me We have to do something! Knew my work ethic Money, but no idea But many good ideas around (FirstTuesday, contacts to VCs), asking for huge funding Real passion: Internet business Alternatives Have another good idea Profit from good (and bad ) ideas of others Salary-substitute firm?
13 THE IDEA Helping internet start ups and large companies to realize their internet ideas Technical focus on business processes brought to the Net Business focus on managing the development process using technologies as fast follower services Cash generation and growth by maintenance and operations Money making potential
14 Weiterentwicklung (Lebensdauer?) OPERATIONAL COSTS OF CUSTOMERS Support Wartung, Lizenzen Hosting Inhalte pflegen Interne Kosten Opportunitätskosten (entgangene Gewinne)
15 THE IDEA Questions: Attractive? Durable? Timely? Anchored in a product/service that creates value for ist buyers or end users?
16 FEASIBILITY ANALYSIS Concept testing Industry/market feasibility analysis Advisory board Primary and secondary research Financial feasibility analysis deep pocket Learning by doing or by watching others making mistakes
17 WRITING A BUSINESS PLAN? Already wrote 2 For which audience? Too small? Helps to sort your thoughts Focusing on Products and markets Financials Milestones Exit strategy desirable? Personal loan! The successful idea has never had a business plan ;-)
18 INDUSTRY AND COMPETITOR ANALYSIS Industry analysis Emerging industry Competitors Large competitors (survivers: Namics, Crealogix) mainly working for banks/large enterprises Many marketing agencies diversifying to the Net Gap between these two worlds Future?!! Industry profitability Substitutes, new entrants, bargaining power of suppliers and buyers
19 DEVELOPING BUSINESS MODEL Core competencies Consulting process, time-to-market, low initiation costs Make or buy? Buy: Technology frameworks (but no offshore development) Make: Operations Partnerships? Interface with customers: 24/7 Value chain : strict cost control Target market: originally CH
20 PREPARING ETHICAL AND LEGAL FOUNDATION Code of conduct? Management by example! Confidentiality Access to customer s Digital communication Complete company data Strength and weaknesses Long term plans Legal foundation Sole proprietorship 2004 only: limited liability company (no publication/auditing)
21 ASSESSING FINANCIAL STRENGHT Years 2-4: disastrous, hard times additional tax claims Internet bubble
22 BUILDING VENTURE TEAM First partner: not an entrepreneur Consequence Performance-oriented, generous compensation Strict contracts of labour Loosing key employees is our biggest risk! Nonemployee members / Advisory board Lawyer Financial specialists Experienced entrepreneurs Not interested in compensation (matter of belief)
23 GETTING FINANCING OR FUNDING Strictly internal (bad experiences, others have not survived, personal sustainability goal) But: financing customers
24 FUTURE CHALLENGES Technological risks / new competitors Google IS our competitor Operational / legal risks Disclosure of client s data Loosing client s data Services offline Remain a learning organisation, not resting on our laurels Dependency on me
25 AGENDA 1. endurit today 2. Business Plan vs. Reality 3. Conclusion
26 I did it my way CONCLUSION
27 I've lived a life that's full - I've travelled each and every highway Long way from first business plan to reality Tempora mutantur, nos et mutamur in illis
28 Regrets? I've had a few, But then again, too few to mention. Prudent selection of associates Choose more carefully than your wife/husband Challenge vs. toughness No fear of superiority Prudent selection of partnerships
29 I did what I had to do And saw it through without exemption. Financing: also a question of type Business model: Service / platform vs. provider
30 I planned each charted course - Each careful step along the byway Personal beliefs are long-lasting But: Strategies are the current condition of error Use literature and support to launch your venture Networking Yes: real networks No: networking as end in itself
31 Yes, there were times, I'm sure you knew, When I bit off more than I could chew, But through it all, when there was doubt, I ate it up and spit it out. I faced it all and I stood tall... It s not exactly a stroll in the park. Critical issue or normal growing pain? Watch fixed costs (we live from them )
32 I've loved, I've laughed and cried Feu sacré Personal balance, peace of mind Self organization Be able to get away from everyday life
33 I've had my fill - my share of losing. But now, as tears subside, I find it all so amusing. Frustration tolerance When everything is Merde : think of how you will laugh about the situation in a couple of years
34 For what is a man? What has he got? If not himself - Then he has naught. To say the things he truly feels And not the words of one who kneels. Be courageous Don t deny your conscience, your beliefs
35 ARE YOU STRONG ENOUGH TO DO IT YOUR WAY?
36 IT S DIFFICULT TO SAY WHAT IS IMPOSSIBLE, FOR YESTERDAY S DREAM IS TODAY S HOPE AND TOMORROW S REALITY. Robert Goddard ( ), US physicist and space pioneer
37 CONTACT endurit gmbh Wilfriedstrasse 12 CH-8032 Zürich Phone Fax Marc Bourgeois Managing Director
Creating a Comprehensive Business Plan
Creating a Comprehensive Business Plan Although most people know that it is wise to have a well calculated Business Plan before starting a company, many people do not know how to properly prepare one.
More informationK-12 Entrepreneurship Standards
competitiveness. The focus will be on business innovation, change and issues related to the United States, which has achieved its highest economic performance during the last 10 years by fostering and
More informationHow to Write an Effective Business Plan
How to Write an Effective Business Plan A good business plan is an invaluable tool for any business owner, whether you are just starting your new enterprise, expanding or changing strategic direction.
More informationStarting your Business Guide
Starting your Business Guide Small Business Resources The material in this document is intended to provide only general information to Canadian Western Bank s clients and the public, and not for the purposes
More informationA primer in Entrepreneurship. Chapter 3: Feasibility Analysis
Chapter 3 Feasibilty Analysis Prof. Dr. Institute for Strategy and Business Economics Chapter 3: Feasibility Analysis Table of Contents A. What is feasibility analysis? C. Industry/Market Feasibility D.
More informationBusiness Plans & Financial Statements
Business Plans & Financial Statements Prepared by Dr. Merle Rhoades, Director Small Business Development Center Morgan Community College Agritourism Spring, 2008 BUSINESS PLANS A tool to lead you down
More informationIs your idea an opportunity?
Cambridge Judge Business School Is your idea an opportunity? Simon Stockley Senior Teaching Faculty in Entrepreneurship Knowledge and Awareness There are known knowns. These are things we know that we
More informationFinancing a New Venture
Financing a New Venture A Canadian Innovation Centre How-To Guide 1 Financing a new venture New ventures require financing to fund growth Forms of financing include equity (personal, family & friends,
More informationBefore You Start a Business A Basic Checklist
Before You Start a Business A Basic Checklist The following is a list of questions that every entrepreneur should answer before going into business. These questions are all yes or no answers. There is
More informationFrom the corporate private sector to an International Financial Institution: Swiss working for the IFC
From the corporate e sector to an International Financial Institution: Swiss working for the IFC A career move from the corporate e sector in Switzerland banking and insurance to an International Financial
More informationSmall Business Brief How to Build and Use Credit Policies to Your Advantage
How to Build and Use Credit Policies to Your Advantage Customers are your bread and butter, but they can also be your biggest risk. Now more than ever, small businesses need to take a page from some of
More informationGuidelines Business Plan
Guidelines Business Plan and Innovation CTI Jurors evaluate business plans and provide feedback entrepreneurs in 9 areas and VCs in 4 areas Objectives Elements of evaluation Relevant for ranking 1 Jurors
More informationSome prominent insights that emerged from the survey include:
1 EXECUTIVE SUMMARY For the third consecutive year, Web.com partnered with the National Association of Women Business Owners (NAWBO) to commission a national survey of NAWBO members. The survey gathered
More informationSmall Business Primer: Strategies for Success
Small Business Primer: Strategies for Success Text file Slide 1 Small Business Primer: Strategies for Success The Business Primer: Strategies for Success Presented by the Office of Native American Affairs
More informationYour Guide to Business Transition Planning
Your Guide to Business Transition Planning Your Trusted Advisor For over 100 years, generations of Canadians have relied on the expertise of CIBC business advisors to manage their finances. Today, our
More informationHow To Start A Business Or Non Profit
www.iamdellgines.com Your Personal Entrepreneurship Professor How to REALLY start your business or non-profit: Introduction to going from zero to startup Introductions What Qualifies Me to Teach You Business
More informationThis Step-By-Step Guide Will Teach You..
This Step-By-Step Guide Will Teach You.. Copyright 2013 All rights reserved. No part of this book may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic,
More informationBreakeven Analysis. Breakeven for Services.
Dollars and Sense Introduction Your dream is to operate a profitable business and make a good living. Before you open, however, you want some indication that your business will be profitable, if not immediately
More informationTen Steps to Success in New Business Ventures
by Matthew Simmons part-time Marketing Director Introduction Let's set the scene - you are an entrepreneur who has invented a great idea, or perhaps you are a manager in a larger organisation who is about
More informationMarket Research Overview
Page 1 of 6 MARKET RESEARCH OVERVIEW Market research is not handed to you on a silver platter unless you are paying a consulting firm to do it. You need to go out there, find lots of disparate pieces of
More informationStarting and Running a Successful Small Business 10 Tips
Starting and Running a Successful Small Business 10 Tips This Guide has been prepared by DAN W. KEHR, ESQ. for informational purposes only and does not constitute advertising, a solicitation, or legal
More informationALL NATIONS TRUST COMPANY SAMPLE BUSINESS PLAN
ALL NATIONS TRUST COMPANY SAMPLE BUSINESS PLAN WHAT MAKES A GOOD BUSINESS PLAN? A business plan is a written document, which outlines: the business and owner s background the proposed resources to be used
More informationDEBTOR FINANCE: So you are interested in Debtor Finance but you re not exactly sure what it is or how it works.
DEBTOR FINANCE: So you are interested in Debtor Finance but you re not exactly sure what it is or how it works. You need Debtor finance so that you can receive cash straight away to fuel your business
More informationWhat makes an entrepreneur?
What makes an entrepreneur? What it takes... The dream of going into business has never been as popular as it is today. Despite the tremendous risk of going into business millions of new businesses are
More informationINTRODUCTION. in teams.
Presented by: The George R. and Martha Means Center for Entrepreneurial Studies is a newly endowed center within the Management and Quantitative Methods Department of the College of Business at Illinois
More informationDoes private equity deserve its allocation in investment portfolios?
Does private equity deserve its allocation in investment portfolios? Private wealth perspective Paul van Hastenberg Private Equity Seminar 2013 Clavis 2013 Agenda 1. Personal background 2. Clavis 3. Setting
More informationThe 9 Most Devastating Mistakes Entrepreneurs and Business Owners Make When Financing Their Businesses and How to Avoid Them
Special Alert Bulletin for Entrepreneurs and Business Owners Who Need Business Financing The 9 Most Devastating Mistakes Entrepreneurs and Business Owners Make When Financing Their Businesses and How to
More informationLearning Objectives: Quick answer key: Question # Multiple Choice True/False
0 Learning Objectives: 11.1 Describe the advantages and disadvantages of the most common forms of business ownership. 11.2 Identify the stakeholders of a business and describe why they are important. 11.3
More informationGoogle Lead Generation for Attorneys
1 Google Lead Generation For Attorneys Leverage The Power Of AdWords To Grow Your Law Business FAST You re about to discover the secrets of fast legal practice success with Google AdWords. Google AdWords
More informationRISK ASSESSMENT FOR SMALL BUSINESS. Terry S. Campbell, Community Development Officer Department of Development & Technology
RISK ASSESSMENT FOR SMALL BUSINESS Terry S. Campbell, Community Development Officer Department of Development & Technology Date: March 25, 2004 1 Counseling Tool Outline - Cover Page - Outline - Introduction
More informationThinking of starting your own business
Thinking of starting your own business An information guide Compiled May 2011 CONTENTS Section 1 Foreword Section 2 Advice From Business link DWP Financial assistance Section 3 Where can I get more help
More informationGoogle Lead Generation For Attorneys - Leverage The Power Of Adwords To Grow Your Law Business FAST. The Foundation of Google AdWords
Google Lead Generation For Attorneys - Leverage The Power Of Adwords To Grow Your Law Business FAST You re about to discover the secrets of fast legal practice success with Google AdWords. Google AdWords
More informationGrowing Forward 2 In Newfoundland and Labrador
Growing Forward 2 In Newfoundland and Labrador Business Plan Minimum Requirements Version1.0 Growing Forward 2 in Newfoundland and Labrador - 1 - Business Plan Minimum Requirements Minimum Requirements
More informationBusiness Opportunity Identification and Selection. Dr. Neeraj Pandey Assistant Professor LM Thapar School of Management
Business Opportunity Identification and Selection Dr. Neeraj Pandey Assistant Professor LM Thapar School of Management Who is an Entrepreneur? An Entrepreneur is a person who organizes and manages a business
More informationBest in Class Referral Programs
Take your business to the next level Best in Class Referral Programs Lower cost per sale, Higher Retention, Increased Profits Free Sales and Marketing Audit Call 410-977-7355 Best in Class Customer Referral
More informationFinancial Management for the Closely Held Business
Financial Management for the Closely Held Business Seminar Objectives This seminar is sponsored by banks, to provide financial instruction to the owners and managers of small businesses whose sales are
More informationChris Pan, CWM, MFP-USA. MBA (Financial Management)-Aust MBA (Marketing)-UK Email: wwpan@singnet.com.sg Http://www.FMDynamics.com
Chris Pan, CWM, MFP-USA MBA (Financial Management)-Aust MBA (Marketing)-UK Email: wwpan@singnet.com.sg Http://www.FMDynamics.com Its Your Business and Your Life. If your re like most small business owners,
More informationMasters in Engineering and Management of Technology Masters in engineering Design Introduction to Entrepreneurship and New Venture Creation
Masters in Engineering and Management of Technology Masters in engineering Design Introduction to Entrepreneurship and New Venture Creation Rui Baptista Analyzing New Ventures: Opportunity Screening Entrepreneurship
More informationOf law firms and legal businesses. To the victor the spoils
Of law firms and legal businesses. To the victor the spoils Ch ch ch ch changes. Everybody knows the legal world is changing. Consolidation. Fragmentation. Technology. External investment. Insourcing.
More informationBusiness Plan Outline
Professor Myles Bassell Brooklyn College City University of New York Small Business Management and Minority Entrepreneurship Business Plan Outline Sections A to K WRITING THE BUSINESS PLAN The business
More informationChapter 3 Entrepreneurs: Key Characteristics and Skills. Are All Entrepreneurs Alike? Do What You Love
Chapter 3 Entrepreneurs: Key Characteristics and Skills Are All Entrepreneurs Alike? While entrepreneurs have in common certain characteristics and skills, there is a wide range of individuality among
More informationHow to Start a Company and Make a Million Dollars
How to Start a Company and Make a Million Dollars Starting the Venture in Your High Tech Adventure Matthew Mather Officer, Office of Technology Transfer 1 My Experience Degree in electrical engineering
More informationSWOT Analysis of E-Commerce
Advance in Electronic and Electric Engineering. ISSN 2231-1297, Volume 4, Number 6 (2014), pp. 663-668 Research India Publications http://www.ripublication.com/aeee.htm SWOT Analysis of E-Commerce Ms Kiran
More informationSmall Business Entrepreneurship Lesson Objectives
Small Business Entrepreneurship Lesson Unit 1: OVERVIEW OF SMALL BUSINESS ENTREPRENEURSHIP What Is Entrepreneurship? Define and list examples of entrepreneurs. Explain the difference between a product-based
More informationWE WILL BUY YOUR HOUSE FAST!
Who Are We? Homes Re-Imagined is a full service professional real estate solutions company located in the Northern Virginia area. Founded in 2014 as a family enterprise by John P. Bradford and Dorann Bradford,
More informationEntrepreneurship & Business Management N4
Oxbridge Academy effortless excellence in education Entrepreneurship & Business Management N4 Study Guide Preview CONTENTS TOPIC 1: THE CHALLENGES OF ENTREPRENEURSHIP 1.1 Defining the concept entrepreneur
More informationHow Bankers Think. Build a sound financial base to support your company for future growth
How Bankers Think Build a sound financial base to support your company for future growth Presented by: Lisa Chapman Business Planning, Social Media Marketing & SEO 615-477-8412 Questions to Consider First
More informationThe Necessary Conditions of Successful Entrepreneurship of College Students
The Necessary Conditions of Successful Entrepreneurship of College Students Zhu Shasha School of Foreign Languages, China West Normal University, No. 1 Shi Da Road, Nanchong, 637009, Sichuan, China Abstract
More informationPreparing a Business Plan ANS 439 Group Projects
Preparing a Business Plan ANS 439 Group Projects What is a Business Plan? A business plan is a document outlining the key functional areas of a business including operations, management, finance, and marketing.
More informationWhat makes a good business Plan?
What makes a good business Plan? A further seminar in 'A Practical Guide to Business Start-Up' series By Dr. Olga Kozlova What? A business plan is a written document that describes a business, its objectives,
More informationThe Infinite Banking Concept (aka Becoming Your Own Banker ): One Actuary s Commentary
The Infinite Banking Concept (aka Becoming Your Own Banker ): One Actuary s Commentary Advisors sometimes call LLIS because their clients have been approached by an insurance salesperson pitching a concept
More informationBUSINESS PLAN QUESTIONNAIRE
BUSINESS PLAN QUESTIONNAIRE Company Name: Business Owner Name(s): Address: Phone: E-mail: Fax: Web Site: Who is the primary audience for your business plan? Lenders Investors Internal Use MISSION/VISION/OBJECTIVES
More informationWhat Makes Allstate Special?
What Makes Allstate Special? Paul previously wrote an article comparing the Insurance Agent opportunities offered by Allstate Insurance, State Farm Insurance and Independent Insurance, from an agency Principal's
More informationPOSTGRADUATE DIPLOMA IN BUSINESS STUDIES OBM 599: COMPREHENSIVE BUSINESS PLAN
THE OPEN UNIVERSITY OF TANZANIA FACULTY OF BUSINESS MANAGEMENT POSTGRADUATE DIPLOMA IN BUSINESS STUDIES OBM 599: COMPREHENSIVE BUSINESS PLAN COURSE OUTLINE Overview In most cases, a business plan is created
More informationWhy have an accounting system?
Why have an accounting system? Steve Nelson, CPA and author of QuickBooks for Dummies (1) Tax law requires your business to have a financial accounting system that works. Watch this webinar Your Guide
More informationExercise What Motivates People To Seek Self Employment?
Exercise What Motivates People To Seek Self Employment? 19-28 September, 2011 - Gaziantep TURKEY 1 / 23 Answers to What Motivates People To Seek Self Employment? Desire to make money To escape bureaucracy
More informationStarting an electronics business
Highly opinionated, brutally frank Starting an electronics business Peter Hiscocks, P.Eng CEO, Syscomp Electronic Design www.syscompdesign.com Times have never been better for launching a business Low
More information2015 MassMutual Business Owner Perspectives Study
An Executive Summary for Business Owners 2015 MassMutual Business Owner Perspectives Study Insights from America s Economic Engine Whenever you see a successful business, someone once made a courageous
More informationBusiness Plan Guidelines
Business Plan Guidelines The following Business Plan Format checklist is meant as a guideline only listing the most important sections of the business plan in the order in which they will likely appear
More informationStarting a Business in Massachusetts
& U.S. Small Business Administration Present Starting a Business in Massachusetts Copyright 2015 - Massachusetts Small Business Development Center (MSBDC) Network Agenda MSBDC Introduction Self Analysis
More informationIt s Time to Write Your Business Plan By Jim Mulligan
It s Time to Write Your Business Plan By Jim Mulligan If you re looking to start a business, the thought of developing a business plan might seem daunting. Some even question the value of spending time
More informationWhat is a day trade?
Greg Weitzman DISCLAIMERS THERE IS SUBSTANTIAL RISK INVOLVED IN TRADING AND IT IS NOT SUITABLE FOR ALL INVESTORS. A LOSS INCURRED IN CONNECTION WITH STOCK, FUTURES OR OPTIONS TRADING CAN BE SIGNIFICANT
More informationGENERAL GUIDELINES FOR DEVELOPING A BUSINESS PLAN
GENERAL GUIDELINES FOR DEVELOPING A BUSINESS PLAN August 2012 Table of contents Introduction... 3 1. Executive Summary... 3 2. Business Summary... 3 2.1 Company Summary... 3 2.2 Management Summary... 3
More informationHow To Clean Your Credit In 60 Days... Or Less!
Credit Repair Kit Easy To Read - Easy To Use Step-By-Step Method How To Clean Your Credit In 60 Days... Or Less! This Guidebook Will Show You How You Can Have Perfect Credit With Very Little Effort FREE
More informationThe Psychic Salesperson Speakers Edition
The Psychic Salesperson Speakers Edition Report: The Three Parts of the Sales Process by Dave Dee Limits of Liability & Disclaimer of Warranty The author and publisher of this book and the associated materials
More informationJust 30 Minutes A Day = More Money Than You're Thinking
I've been making money with cell phones for nearly 3 years and will teach you everything I know. You aren't making money with your cell phone?! I've been making money with cell phones for nearly 3 years
More informationContact details ph: 09 413 5355 P O Box 300 189 Albany 0752 Auckland North Shore. 10 October 2013. Introduction
SUBMISSION TO THE PRODUCTIVITY COMMISSION: BOOSTING PRODUCTIVITY IN THE SERVICES SECTOR STIMULATING SERVICES COMPETITION Submitter: Miles Hayward-Ryan Founder Director IAPM Investment Advisers Performance
More informationEntrepreneurship and Small Business Courses
Entrepreneurship and Small Business Courses Basic Business Management Boot Camp for Business Owners Owning a business requires a vision balanced with attention to detail. You need to be a generalist who
More informationChapter 3 How to analyse a balance sheet
Chapter 3 How to analyse a balance sheet In the previous chapter we looked at how a balance sheet was put together and the numbers that go into it. In this chapter, we are going to take all those numbers
More informationLIST OF MAJOR LEADING & LAGGING ECONOMIC INDICATORS
APRIL 2014 LIST OF MAJOR LEADING & LAGGING ECONOMIC INDICATORS Most economists talk about where the economy is headed it s what they do. Paying attention to economic indicators can give you an idea of
More informationHow to Finance Your Business You Can Do It OPENING YOUR OWN STORE may be a dream come true.
How to Finance Your Business You Can Do It OPENING YOUR OWN STORE may be a dream come true. for this dream may be an entirely different story. How you structure the finances for your business will have
More informationMARKET RESEARCH OVERVIEW
DEFINITION OF MARKET RESEARCH. MARKET RESEARCH OVERVIEW Market research is the systematic collection and analysis of information relating to the market for your business. Successful businesses can no longer
More informationAlternative Funding Sources to Start or Grow your Business
Alternative Funding Sources to Start or Grow your Business with guest speaker Cliff Ennico Are You a Small Business or an Entrepreneurial Venture? There s a BIG difference! If you are a small business
More informationMANAGEMENT COURSES Student Learning Outcomes 1
MANAGEMENT COURSES Student Learning Outcomes 1 MGT 202: Business Professions 1. Describe and use the elements of effective decision making research, assessment and consequence. 2. Apply elements of effective
More information7 Steps to Business Success
B U S I N E S S S E R V I C E S D E P A R T M E N T HELPING You Succeed In Your Business 7 Steps to Business Success This guide provides seven ( 7 ) steps to help you assess whether your business will
More informationREE, 26 October 2005, 2:15pm, Session B Notes Unique Entrepreneurship Courses
REE, 26 October 2005, 2:15pm, Session B Notes Unique Entrepreneurship Courses Discussion Ground Rules o Use entrepreneurship in most general way o Use unique in most general way not something that is different
More informationThe Critical Factor Assessment: Planning for Venture Success
The Critical Factor Assessment: Planning for Venture Success A complimentary white paper from The Canadian Innovation Centre Introduction Launching a new business is a complex and risky process. Whether
More informationFinancial Planning and Your Small Business
Financial Planning and Your Small Business The Financial Planning Association (FPA ) is the leadership and advocacy organization connecting those who provide, support, and benefit from professional financial
More informationInsufficient Cash On Hand A Frequent Reason For Needing A Business Loan
Insufficient Cash On Hand A Frequent Reason For Needing A Business Loan 2 Cash flow is cash into or out of a business When cash inflows exceed cash outflows, it is generally indicative of good financial
More informationRequired Business Plan for the Center for Innovation and Entrepreneurship (CIE)
Required Business Plan for the Center for Innovation and Entrepreneurship (CIE) A business plan is required as part of the application process for prospective CIE tenants. For assistance or general information
More information( The Simple Yet Critical Questions You Must Be Able to Answer BEFORE talking with Venture Capitalists )
Or ( The Simple Yet Critical Questions You Must Be Able to Answer BEFORE talking with Venture Capitalists ) The Venture Capital Checklist Right so this was supposed to be a quick one page checklist of
More informationFinding Your Place in Space: The Reality of Starting Your Own Business
Finding Your Place in Space: The Reality of Starting Your Own Business Presented at: Attitudes/ Skills/ Knowledge- Workshop November 30 th, 2005 Presented by: Ian Goodall-George, Chief Executive Officer
More informationIs Entrepreneurship For You?
Is Entrepreneurship For You? Starting your own business can be an exciting and rewarding experience. Consider whether you have the following characteristics and skills associated with successful businesses.
More informationChapter 3.4. Trading Psychology
1 Chapter 3.4 Trading Psychology 0 Contents TRADING PSYCHOLOGY Stock and CFD traders have to not only compete with other traders in the stock and CFD markets but also with themselves. Often as a stock
More informationEntrepreneurship Bootcamp Business Planning Essentials
Entrepreneurship Bootcamp Business Planning Essentials 2008 BDO Dunwoody LLP Chartered Accountants and Advisors BDO is the fifth largest accounting and consulting firm in the world with over 95 offices
More informationHow to Avoid Public Foreclosure
P R O G R A M H R 3 6 4 8 PROGRAM HR3648 America s Free, Non-Governmental Foreclosure Option How to Avoid Public Foreclosure A Homeowner Guide to Eliminate Mortgage Debt and Rescue Your Credit Rating Through
More informationMarketing s Four P s: First Steps for New Entrepreneurs
PURDUE EXTENSION EC-730 Marketing s Four P s: First Steps for New Entrepreneurs Cole Ehmke, Joan Fulton, and Jayson Lusk Department of Agricultural Economics Marketing your business is about how you position
More informationHow To Interview For A Job
Sample Interview Questions with Appropriate Answers Problem Solving Problem solving is a frequently required workplace competency whether the employer is exploring management competencies, sales competencies,
More informationBUSINESS NAME. Applicant Name. You ve had the idea, that s the first step. But starting a good business will take persistence, enthusiasm and a lot of
BUSINESS NAME Applicant Name You ve had the idea, that s the first step. But starting a good business will take persistence, enthusiasm and a lot of hard work. A clear business plan is essential for all
More informationAssessing Organizational Readiness
Assessing Organizational Readiness Assess existing management, financial and human capital resources and existing programs Survey community resources Determine gaps Evaluate organization s strengths, weaknesses,
More informationEquity Value, Enterprise Value & Valuation Multiples: Why You Add and Subtract Different Items When Calculating Enterprise Value
Equity Value, Enterprise Value & Valuation Multiples: Why You Add and Subtract Different Items When Calculating Enterprise Value Hello and welcome to our next tutorial video here. In this lesson we're
More informationProtect your business and preserve your legacy. The 10 questions every business owner should consider.
Protect your business and preserve your legacy. The 10 questions every business owner should consider. Our top ten questions and answers While there are many Top Ten Questions lists published in the financial
More informationA guide to writing a business plan
A guide to writing a business plan Contents 01. We're here to help 01 02. Your business profile 02 03. Your market 03 04. Your sales and marketing + Management and staff 04 05. Operational plan + Finances
More informationFinancing Your Already Established Business Georgetown University Alumni Career Services Keith Kohler, K² Financing with special guest Ivan Abrams,
Financing Your Already Established Business Georgetown University Alumni Career Services Keith Kohler, K² Financing with special guest Ivan Abrams, Abrams & Company, Inc. Introduction K² Financing Financing:
More informationSPECIAL REPORT: 4 BIG REASONS YOU CAN T AFFORD TO IGNORE BUSINESS CREDIT!
SPECIAL REPORT: 4 BIG REASONS YOU CAN T AFFORD TO IGNORE BUSINESS CREDIT! 4 BIG REASONS YOU CAN T AFFORD TO IGNORE BUSINESS CREDIT! Provided compliments of: FIRSTUSA DATA SERVICES, LLC 877-857-5045 SUPPORT@FIRSTUSADATA.COM
More informationWHY WRITE A BUSINESS PLAN?
KANSAS SMALL BUSINESS DEVELOPMENT CENTER PITTSBURG STATE UNIVERSITY PITTSBURG, KS 66762 PHONE: 620 235 4920; FAX: 620 235 4919 e mail: ksbdc@pittstate.edu WHY WRITE A BUSINESS PLAN? A business plan is
More informationDeveloped by. Emma Oettinger, Anti-Money Laundering Policy Officer Law Society of England & Wales
A TEACHING EXERCISE FOR LAW SCHOOLS, POST-GRADUATE PROFESSIONAL EDUCATION PROGRAMS AND CONTINUING PROFESSIONAL DEVELOPMENT FOR LAWYERS ON ANTI-MONEY LAUNDERING OBLIGATIONS, LEGAL ETHICS AND PROFESSIONAL
More informationchi siamo company profile
The Garnell tall ship adventure is an extraordinary example of the ability to break the mold, be able to suddenly change the planned course to get safely at destination, even in the most turbulent conditions
More informationHow to Write a Business Plan
How to Write a Business Plan Small Business Development Center (SBDC) A well-written comprehensive business plan forms the basis for the success of any business venture. The business plan is a written
More information