Questions and Answers of New Venture Creation Entrepreneurship

Staying Afloat With his company, ImageCafé, struggling with financial uncertainty, Clarence Wooten, Jr., faced some difficult decisions. With a burn rate 1 of nearly $50,000 per month, the bridge
Which contribute more to all innovations and to radical innovations—large companies or new and emerging companies? Why?
Define entrepreneurial leadership.
In August 2007, Laura Ryan and her son Michael were flying home to Wyoming following a specialty food trade show in Houston, Texas. The event had generated a lot of interest for their growing
Do you agree with the saying, “Entrepreneurs are made, not born?” Why or why not?
Evaluate thoroughly your attraction to entrepreneurship.
Who should be an entrepreneur and who should not?
Roxanne Quimby sat in the president's office of Burt's Bees' newly relocated manufacturing facility in Raleigh, North Carolina. She missed Maine, the company's previous home. Quimby had founded and
Jim Poss stopped at a Logan Airport newsstand to flip through the June 2004 National Geographic cover story that declared, “The End of Cheap Oil.” Jim's enterprise, Seahorse Power Company (SPC),
How does an idea differ from a good opportunity?
Why do people say, “Ideas are a dime a dozen?”
List the idea sources most relevant to your personal interests, and search for them online.
Michelle Foster glanced at the unclaimed nametags. Stormy weather had hurt attendance at the conference on funding alternatives for growing businesses, which was sponsored in part by Foster’s
It seemed the perfect plan. With two angel investors steering her medical device company toward an acquisition, Foster and her husband decided to start a family. However, by fall 2005 (the middle of
Explain the expression, “The numbers in the plan do not matter.”
Prepare an outline of a business plan tailored to the specific venture you have in mind.
Maclean Palmer strode out onto a Martha’s Vineyard beach to enjoy the warm sun. That August afternoon in 2000, Palmer and the four partners he had chosen in his quest to start up a $200 million
As early as 1996, Jack Peterson had become discouraged by conflicts with his partner, David Scott, and had sought advice on how to remedy the situation. By 2005, Peterson thought he and Scott had
What is a “cram-down” round?
The Parent Company (“TPC”) had existed six to seven years under the control of a venture capital group. Although it was publicly traded, two-thirds of it were owned by the VCs and its operating
When should a company borrow money?
Dave Santolli’s entrepreneurial career epitomized the notion that life is about the journey rather than the destination. At 42, he ‘d experienced both success and failure in business. He ‘d
Jimella, the younger of the Dawson children, smiled as she peeked into her mother's office. “Good morning, Mom! Do you have a minute?” “Sure, come in. I'm just preparing for a meeting..”
Choose a family firm you know and plot it on the mind - set and methods model. Describe the firm in light of the mind - set and method definition. Name six ways it could become more enterprising.