MGT3960 Entrepreneurship Management Fall 2015

"There's a way to do it better—find it."— Thomas Edison

November 25, 2015
by m.teyangtatah
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Equity Financing

What are various sources of equity investment? Super-angels, who invest their own funds rather than managing money for others. Invest higher amounts compared to angels. Public stock, either by holding shares in a publicly traded company or by selling some of your company stock to raise further money. Private equity that includes venture capital, leverage … Continue reading Equity Financing Continue reading

November 18, 2015
by m.teyangtatah
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Early Stage Funding

1. What sources of funding are available to entrepreneurs at the early stage of the company? Self-funding, moonlighting and consulting (bootstrapping), family and friends, angels, micro-equity and micro loans, banks loans, factoring and supplier funding, personally secured bank loans, government sources of funding .   2. What are “virtual” companies? What tools help them function? … Continue reading Early Stage Funding Continue reading

November 11, 2015
by m.teyangtatah
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Managing Resources: Money & People

1. What financial measurements should be prepared to measure company performance? Budgets, cash flow forecasts, breakeven analysis, measuring sales volume, measuring profits, and measuring cash generated. 2. What are the categories and steps in preparing a financial budget? 1. Sales 2. Cost of Goods Sold 3. Gross Profit  4. Operating Expenses 5. Operating Profit/Loss 6. … Continue reading Managing Resources: Money & People Continue reading

November 11, 2015
by m.teyangtatah
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Managing Resources: Money & People

1. What financial measurements should be prepared to measure company performance? Budgets, cash flow forecasts, breakeven analysis, measuring sales volume, measuring profits, and measuring cash generated. 2. What are the categories and steps in preparing a financial budget? 1. Sales 2. Cost of Goods Sold 3. Gross Profit  4. Operating Expenses 5. Operating Profit/Loss 6. … Continue reading Managing Resources: Money & People Continue reading

November 4, 2015
by m.teyangtatah
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Technology Entrepreneurship

Name three factors that impact how a new technological innovation fits existing market conditions Path dependency: the future is an extension of the past, and you must take into account the history of developments that are already embedded in commerce. For example the keyboards. There have been other ones (that are even better) but nobody uses … Continue reading Technology Entrepreneurship Continue reading

October 28, 2015
by m.teyangtatah
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Social Entrepreneurship

What is the primary driver of the social entrepreneur? The primary driver for a social entrepreneur is addressing social issues and providing what he believes is a solution. Should green or cleantech ventures be classified as social enterprises? If so, why? Yes. Because they are concerned about the environment. And even though their aim might … Continue reading Social Entrepreneurship Continue reading

October 14, 2015
by m.teyangtatah
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Venture Idea market analysis

Scheduled delivery system (and mobile application) Our product is can be used by anyone who purchases stuff online. If you don’t want your stuff dropped in front of the door because it can be stolen or live in a building with no doorman. A lot of buildings are trying to reduce costs since renters complain about … Continue reading Venture Idea market analysis Continue reading

September 30, 2015
by m.teyangtatah
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Why do business plans fail?

A business plan is a twenty-five to forty-page written document that describes where a business is heading, how it hopes to achieve its goals and objectives, who is involved in the venture, why its product(s) or service(s) are needed in the marketplace, and what it will take to accomplish the business aims.  There are three … Continue reading Why do business plans fail? Continue reading

September 9, 2015
by m.teyangtatah
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The Art of Innovation

  Why is innovation important, and how is it changing? Innovation is important because it helps a business deliver a product/service that is perceived as more valuable to the customers compared to the product/service of a competing business. Therefore, innovation in this sense might help the company increase it’s sales (and profits). However some things have … Continue reading The Art of Innovation Continue reading

September 2, 2015
by m.teyangtatah
Comments Off on Entrepreneurship and small business

Entrepreneurship and small business

According to the definition in the course material, entrepreneurship is “the process of planning, organizing, operating, and assuming the risk of a business venture”. In the US, a small business is usually a business that has less than 250 employees. I don’t really think one should dissociate both ideas because usually as an entrepreneur, when … Continue reading Entrepreneurship and small business Continue reading