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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.
Completely understanding your market allows you to confidently approach any customer, potential partner, or investor. This entrepreneur and angel investor outlines a five-step process for knowing breadth and depth of the market landscape.
Your basic business strategy and product plan needs to be rooted in an understanding of what it takes beat the competition. To do so, this author says you must have a realistic understanding of what you are up against, and he lays out a method to do smart market research.
Rather than viewing compensation plans as a motivational tool, this entrepreneur believes they should be considered a means for managing risk and protecting the company's cash assets. He explains his firm's model, which is based on transferring more risk to sales associates, sharing resources across clients, and tying a portion of base salary to reaching certain revenue-related milestones.
The report, “The Grass is Indeed Greener in India and China for Returnee Entrepreneurs,” is based on a survey of U.S.-educated Indian and Chinese professionals who had returned to their home countries and started businesses. These respondents cited economic opportunities, favorable conditions for starting a business and the speed of professional growth as the leading motivations for returning home. Family ties also played a significant role in attracting the entrepreneurs back to their native countries.
Taking on debt can be healthy for a company's cash flow and sustainability, according to the author, who notes that the keys lie in ensuring debt is taken on for strategic purposes and that the company is ready to manage this important new relationship.
A business plan for entrepreneurs should engage the heart as well as the head, writes the author, who advises two plans-the formal document for bankers and investors, and then, the business plan that comes from your heart.
Rick Wallace was appointed chief executive officer of KLA-Tencor Corporation on January 1, 2006. Wallace brings 17 years of experience at KLA-Tencor to his current role, and has held a variety of senior management
positions at KLA-Tencor. These include president and chief operating officer, executive vice president, overseeing the company's Reticle and Photomask Inspection Division, Films and Surface Technology Division, CTO Software and Customer
Groups, and executive vice president of KLA-Tencor's Wafer Inspection Group. He also served at KLA-Tencor as group vice president for the Lithography Control Group, as well as vice president/general manager and vice president of marketing
for the Wafer Inspection Division. He joined KLA-Tencor in 1988 as an applications engineer.
Greg was the founding investor in eHarmony and as CEO he has overall responsibility for leading all aspects of eHarmony's business. He has been closely involved with the company since its inception in 2000, recruiting
several members of the executive management team and contributing to many areas of the company's development and growth. Greg brings extensive experience working with high growth companies as an entrepreneur, investor, and executive. Greg
holds a BA from the University of California at Los Angeles, and an MBA from the Stanford Graduate School of Business. He has been cited on matters relating to investing and technology in the New York Times, San Jose Mercury News, and
BusinessWeek among other publications and he has made numerous broadcast appearances on CNBC. Greg's entrepreneurial endeavors include being a co-founder of Startup, an East Palo Alto non-profit that has provided business training for
nearly 500 aspiring entrepreneurs in that community since 1994. Additionally, Greg is a founding member of the Stanford Graduate School of Business Management Board.
Greg Waldorf, CEO of the online matchmaking service eHarmony.com, describes the essential components of a successful entrepreneurial career. He believes that working with great people, taking risks, adaptability, passion and timely execution of plans can lead to success for entrepreneurs. He draws parallels between the satisfaction found through finding the right career path and a fulfilling relationship.
DURHAM, N.C. - Hardly a day goes by when I don’t have a rookie entrepreneur ask for advice on raising money from VCs.
They usually have a fancy-looking business plan with detailed spreadsheets showing how their company will be worth billions by capturing just 1 percent of a market. All they need is some financing, and they’ll take the world by storm.
My advice is always the same: ditch the business plan, and buy a lottery ticket. Your odds are better, and you’ll suffer less stress.
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