Entrepreneurialism Information

Entrepreneurialism Information

Business Ideas


Richard Branson, billionaire founder of Virgin Records and Virgin Atlantic Airlines, may be better known for his efforts to circle the globe in a hot-air balloon than for his business successes. He suggests that "Being an adventurer and an entrepreneur are similar? You're willing to go where most people won't dare.

The Business Leader as Ultramarathoner


Have you ever heard of an ultramarathon? A standard marathon isjust over 26 miles. An ultramarathon is usually on the order of50 or 100 miles, though there are some that span one thousand! Imagine the endurance required to run such a race.

Lets Not Forget About The Little Guy


Every business has to start somewhere. What truly makes this country great is the freedom of enterprenuership that every one of its citizens have.

Evaluating an Opportunity


Business opportunities are often based on broad trends, such as:? demographic, such as the "graying" of America (creating opportunities in health services, for example);? sociological developments, like the "green" movement, with its emphasis on recycling and environmental sensitivity, and;? cultural changes caused by changing economic conditions and technological developments.Opportunities can also frequently be found in current and developing business trends such as:? the globalization of business,? the need for outsourcing created by downsizing, and? the burgeoning service economy.

Motivation and Commitment


Why do people start small businesses? The most frequently cited motivation for business start-ups is to allow the entrepreneur to achieve independence; money is secondary. Is this surprising? The other reasons named most often are that an opportunity presented itself, a person took over the family business, or the person simply wanted to be an entrepreneur.

Selecting a Venture


The basic rule is simple: "Find a market need and fill it!" The process of finding the need, and the method chosen to fill it are where the difficulties arise.Based on our opportunity scan, does the market need a product or service that is not currently being provided? Is there a needed product or service currently being provided in a less than satisfactory way? Is some particular market being underserved due to capacity shortages or location gaps? Can we serve any of these needs with some competitive advantage?Remember that a business idea is not a business opportunity until it is evaluated objectively and judged to be feasible.

The Role of Statistics in Prospect Modeling


Identifying prospects has come a long way since the days of simple list buying. With the hype flying fast and furious, sometimes it's difficult to sort out truth from fiction and to put things in the proper perspective.

Venture Capital Negotiating Issues


When companies enter into negotiations with venture capital firms, there are several issues which need to be defined and agreed upon. This article describes the key issues.

The Business and Life You Want to Build


In the early days of my first consulting business, I knew I needed some sort of plan to give me the greatest chance at success. I took many a wrong step, yet in the end I managed to put a solid business together.

An Entrepreneurs Challenge


Living in the twilight zone has its advantages. In the early days of starting my business, I found the limitations of living in a rural area to be restrictive.

Competitive Edge


In his book, The Road Ahead, Bill Gates of Microsoft writes of "friction-free capitalism" made possible by developments in communications, chief among them the Internet and its World Wide Web. In this context, "friction" is everything that keeps markets from functioning as the "perfect competition" of economics textbooks.

Business Planning Overview


The successful entrepreneur is generally more inclined, once a business idea is selected, to sharpen the concept by a detailed planning process. The result of this step is a comprehensive business plan, with its major components being the marketing "mix," the strategic plan, operational and logistical structures, and the financial proposal.

Confidence = Preparation + Courage


It always amazes me when I see someone on television holding a press conference - a lawyer outside a courtroom, a businessperson at the launch of a new product. Reporters ask hardball questions.

The History of the Franchise Business - Learning about Business Opportunities by Looking at the Past


Hair care has been around as long as humans have been on the planet. The earliest record of personal hair care dates back 2.

Three Cs - What Startups Need to Get a Business Loan, Part 1


You want to get a good, solid overview of what it takes to acquire that business loan you need, especially if you are a startup. The essential element of what the lenders out there require of you can be wrapped up in the acronym, C.

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MORE RESOURCES:

Norfolk entrepreneur wins top award
Norfolk Eastern Daily Press, UK - 10 hours ago
... and at LEAD East - a new initiative which promotes entrepreneurialism in order to help ensure continued growth in the East of England. ...


Stimulus for Skeptics
istockAnalyst.com (press release), OR - Nov 30, 2008
Porter wrote that the US economy has historically benefited from several great assets: an unparalleled environment for entrepreneurialism, a tremendous ...


Could auto industry layoffs spur more entrepreneurialism in Mich.?
MLive.com, MI - Nov 13, 2008
So in the wake of all this economic destruction, will entrepreneurialism and creativity flourish? Some business leaders think so. ...
'There's no such thing as job security' MLive.com
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Bank of America and PRIME - Working Together to Support the Over ...
ITNews, Italy - 9 hours ago
It aims to unlock entrepreneurialism in the over 50s in the UK by helping this group get back into employment through setting up their own businesses. ...


Risky Decision-making Essential To Entrepreneurialism
Science Daily (press release) - Nov 12, 2008
ScienceDaily (Nov. 12, 2008) — Whether someone will become the next Richard Branson, Steve Jobs or Henry Ford may be down to whether they make risky ...


Two Degrees, LLC Appoints Mike Heffernan as Chief Financial Officer
MarketWatch - Nov 24, 2008
Now is the time to bring on a financial expert that we know and trust, and who shares our spirit of entrepreneurialism, to ensure our continued success. ...


Economic downturns can spur mergers, innovation
Seattle Post Intelligencer - Nov 24, 2008
We've seen consolidation inspire entrepreneurialism most clearly in Washington's banking industry. Every time a bank is bought, that frees up capital and ...


Max Levchin, Jawed Karim, Tom Siebel, Scott Banister, Reid Hoffman ...
SYS-CON Media, NJ - Nov 14, 2008
... co-founder of Zivity, Reid Hoffman , founder, President and Chairman of LinkedIn and others to Discuss Cross-Country Entrepreneurialism in Two Panels. ...


Chamber joins Go Texan
Jack County Herald, TX - Nov 21, 2008
Retirees are increasingly drawn to smaller rural communities with access to urban services, and rural entrepreneurialism is a growing trend. ...
Chamber provides info on how to donate Galveston County Daily News
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Range of Bay area firms take note of Entrepreneurship Week
Bizjournals.com, NC - Nov 18, 2008
Entrepreneurialism, invention and innovation are important to advancing living standards, said Ken Evans, regional director for Entrepreneur Week in his ...

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