Patterns of Entrepreneurship Management
- 4th
- New Delhi Wiley India Pvt. Ltd. 2015
- 377
Table of Contents: Preface
List of Cases and Profiles
Part One: Getting Started as An Entrepreneur
Chapter 1 The Entrepreneurial Process
Introduction Profile: Wayne McVicker--A Typical Entrepreneur An Entrepreneurial Perspective Commonly Shared Entrepreneurial Characteristics Types of Entrepreneurs The Need to Control The Spider web Model Finding Early Mentors Managing Stress The Five-Stage Entrepreneurial Process The Growth of Entrepreneurial Companies The Growth Period Entrepreneurship Roller Coaster So Why Become an Entrepreneur? Use the Master-Case to Develop Management Skills Summary Study Questions Exercises Interactive Learning on the Web Additional Resources Additional Cases for Reading Endnotes
Chapter 2 The Art of Innovation
Introduction Profile: Becky Minard and Paal Gisholt--Finding a Point of Pain Why Innovation is Important Definition and Types of Innovation Frameworks for Learning Innovation Skills Finding and Assessing Ideas Converting an Idea into an Opportunity Opportunity: Five Phases to Success Summary Study Questions Exercises Interactive Learning on the Web Additional Resources Endnotes
Chapter 3 Designing Business Models
Introduction Profile: Neal Deangelo--Using Data Collection1 Definition of Business Models Frameworks for Constructing Business Models Capturing Value in the Supply Chain Using Databases to Create Value Locking- In Customers Example: General Fasteners Licensing and Franchising Outsourcing Resources Models Built around Social Networks Corporate Partnering Summary Study Questions Exercises Interactive Learning on the Web Additional Resources Endnotes
Chapter 4 Analyzing the Market, Customers and Competition
Introduction Profile: Donn Rappaport--Marketing Visionary1 Conducting Marketing Research to Start the Venture Mini-Case: Breathe Simple "Smokescreen" Market Research2 Formulating a Successful Marketing Plan Defining the Market Segmentation Conducting a Competitive Analysis Positioning the Product or Service Preparing the Pricing and Sales Strategy Penetrating the Market and Setting Up Sales Channels Summary Study Questions Exercises Interactive Learning on the Web Case Study: Smart Card LLC Marketing Plan Appendix: Marketing Research Techniques Additional Resources Endnotes
Chapter 5 Writing the Winning Business Plan
Introduction Profile: Nikolay Shkolnik--Business Plan Turns a Dream into Reality1 The Value of a Business Plan Setting Goals and Objectives Starting the Process to Write the Plan: Five Steps Determining What Type of Business Plan Is Best A Typical Business Plan Format and Content Understanding Why Business Plans Fail Summary Study Questions Exercises Case Study: Surf parks LLC (Online) Appendix: The Roadmap Guide for Writing A Business Plan Interactive Learning on the Web Additional Resources Endnotes
Chapter 6 Setting Up the Company
Introduction Profile: Ethan Wendle and Matt Chverchko--When to Convert from an S- to a C-Corporation Identifying What Form of Ownership Is Best Forms of Doing Business Sole Proprietorship C-Corporation S-Corporation Partnership Limited Liability Company Business Start-Up Checklist Summary Study Questions Exercises Interactive Learning on the Web Endnotes
Part Two: Special Topics: Social Entrepreneurship Technology Entrepreneurship
Chapter 7 Special Topic: Social Entrepreneurship
Introduction Social Entrepreneurs and Green Initiatives Profile: Khanjan Mehta--A Social Entrepreneur To Profit or Not to Profit Social Entrepreneurship and Tax Issues Differences between Business and Social Entrepreneurs Stakeholder Issues and Challenges Growth and Management Challenges Enhanced Revenue Opportunities Social Entrepreneurship Business Models Using the Inverse Commons to Build a Social Enterprise Using Social Media to Grow Applying Other Chapters in this Book to Social Entrepreneurship Summary Study Questions Exercises Interactive Learning on the Web Additional Resources Endnotes
Chapter 8 Technology Entrepreneurship
Introduction Profile: Ian Kibble white--An Integrated IP Strategy Concepts Relevant to Technology-Based Companies Intellectual Property Management Summary Internet IP Source Sites Study Questions Exercises Interactive Learning on the Web Additional Resources Endnotes
Part Three: Funding The Venture
Chapter 9 Early-Stage Funding
Introduction Profile: James Dyson--Bootstrapping out of Necessity The Virtual Company--Mini-Case, Halare Inc. Securing Early-Stage Funding Self-Funding--Example, Bench Prep Inc. Moonlighting and Part-Time Consulting Bootstrapping Methods--Example, Injection Research Specialists Family and Friends Angels Micro-Equity and Micro-Loans--A Little Money, a Lot of Help Bank Loans, Factoring, and Supplier Lines of Credit Managing Your Personal Credit Rating Government Sources of Funding How to Qualify Summary Study Questions Exercises Interactive Learning on the Web Appendix: Start-Up Entrepreneurs and Business Incubators Web Sites of Leading For-Profit Incubators Additional Resources Using University Outreach Programs Endnotes
Chapter 10 Equity Financing
Introduction Profile: Jason Cong, AutoESL Inc.--Super Angels, VC and Corporate Investors The State of the Venture Capital Industry Super-Angels Equity Investment Fundamentals Using Private Equity for Fundraising Understanding the Venture Capital Process Guide to Selecting a Venture Capitalist Private Placements and Crowdfunding Home Runs or Singles? Corporate Debt Strategic Partnerships and Corporate Investments How to Value a Business at the Early Stage Summary Study Questions Exercises Case Study: Coretek, Inc. Interactive Learning on the Web Addition al Resources Appendix 1: Due Diligence Checklist (Online) Appendix 2: Model Venture Capital Term Sheet--Series A Preferred Stock (Online) Endnotes
Part Four: Building and Exiting
Chapter 11 Managing Resources--Money and People
Introduction Profile: Paul Silvis--Conserving Cash While Building an Embracing Culture Financial Statements The Value of the Balance Sheet The Value of an Income Statement The Value of a Cash Flow Statement Preparing Financial Projections Preparing an Annual Budget Preparing a Cash Flow Forecast Preparing a Breakeven Analysis Analyzing an Investment Decision Taxes and Filing The Stresses of Managing Money Managing Human Resources--Introduction Developing a Strong Corporate Culture Finding and Hiring the Best People Dealing with Firing an Employee Dealing with a Resignation Conflicts of Interest and Business Ethics Legal Issues Setting Up Stock-Option Agreements Summary Study Questions Exercises Interactive Learning on the Web Additional Resources Appendix: Legal Document Templates (Online) Endnotes
Chapter 12 Communicating the Opportunity
Introduction Profile: Craig Bandes--Matching Presentations to Investors Locating Investors Preparing a Teaser The Elevator Pitch Note on Confidentiality After the Presentation Summary Study Questions Exercises Interactive Learning on the Web Endnotes
Chapter 13 Exiting the Venture
Introduction Profile: Alan Trefler--Private to Public Ownership Why Create an Exit Strategy and Plan Selling an Equity Stake to a Strategic Partner Valuing a Later-Stage Company Implementing the Plan of Action Selling the Business Preparing a Selling Memorandum Merge with Another Business Selling the Company to Its Managers, Employees, or Family Members Using an Employee Stock Ownership Plan (ESOP) Using a Management Buy-Out (MBO) Passing on the Company to Family Members Consider a Public Offering Summary Study Questions Exercises Interactive Learning on The Web Additional Resources Endnotes
Addendum: Three Case Studies Covering the Whole Book
Glossary of Terms
Index
This fourth edition prepares entrepreneurs for the rewards and pitfalls of this career choice. It explores a new theme throughout the chapters on how to effectively manage a start-up company. Focus on Real Entrepreneurs sections highlight how entrepreneurs position their companies to meet the various marketing, financial and technological challenges. Management Track sections present key management issues while following the development of a real company. Entrepreneurs will also find real situations and examples on which they can practice the broad range of skills required to start and build a company in today's complex world.