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Explore the Entrepreneurship.org Resource Center to find resources. Designed with entrepreneurs in mind, our resource center allows you to find materials to grow great ideas.
As a father of three, I vividly remember those chilly, early-summer mornings of packing bags, loading up the car, and waving a sad goodbye as my children began their latest adventure at the summer camp of choosing. And there were plenty of those mornings over the course of 18 years. There was volleyball camp, and Science Olympiad clinics, and lacrosse camp.
Some of the very first decisions founders must make early on in their ventures are crucially important to the future of the business. Many of these decisions concern the ubiquitous "people problems" that challenge even experienced entrepreneurs. When should I found? Should I co-found with someone? With whom? How should we split the equity? Bad or ill-informed choices at critical junctures could have significant consequences for startups. In fact, research has suggested that 65 percent of new firm failures were related to problems within the management team.
There are three key processes involved in reviving a company on a downward path, including determining the root cause of the difficulties, rethinking strategy, and realigning the overall business process to meet new strategic directives. This guide provides specific advice and links to resources to analyze business processes and financial health, to assess the market, and how to identify the people necessary to make the change happen.
Entrepreneurs will find a host of business-building resources at nearby colleges and universities, among them books, brains and bodies, writes the author. Scour the libraries for printed materials, tap faculty for consulting jobs, and marshall students for research and staffing needs, he advises. In summing up, he offers valuable tips for getting acquainted and making the best use of campus resources.
Ted Zoller, Vice President of Entrepreneurship at the Kauffman Foundation and Associate Professor at the University of North Carolina, Chapel Hill, discusses the Global Entrepreneurship Lab.
Karen Richardson's contributions are helping to make sure Stanford engineering students learn about being entrepreneurs.
After leaping into "Lean," Southern Vinyl Manufacturing gained efficiencies in nearly every area of its operations. Specifically, entrepreneur Rod Matthews explains the challenges and rewards of involving employees in finding and eliminating waste using the "Five Why" process. As a result of "getting lean," the company resolves manufacturing problems by digging deeply to identify root causes instead of just treating symptoms.
Winning interscholastic new venture competitions and real-world financing entails focusing on markets rather than technology or planning, says a venture capitalist who judges such contests.
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