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The Entrepreneur

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Seeking Funding? Ditch Biz Plan, Buy a Lottery Ticket
Wadhwa Vivek
4/26/2010
Article Resource
Summary:

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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Seeking Financing for a Service Business? Know Your Business Model
Babinec Martin
5/1/2002
Article Resource
Summary:

Service companies aiming to grow fast enough to attract financing need to address the weaknesses inherent in such business models, says the founder of a human-resources consultancy.

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Secret to Successful Negotiations
Peterson Joel
5/2/2006
Audio Resource
Summary:

Joel Peterson, founder of Peterson Partners, discusses the secret to successful negotiations. He reminds us that negotiation is how one navigates their way through life, and in order to have successful negotiations, people must be empowered, have high character, and confidence. Peterson draws from his experience as CEO of one of the world's largest real estate development firms and most recently founded Peterson Partners- an equity fund in search of talented and visionary CEOs.

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Screen Growth Opportunities
9/20/2006
File Resource
Summary:

Using the four basic growth strategies--Market Penetration, Market Expansion, Line Expansion, and New Business Development--this tool helps identify potential growth opportunities for a business.

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Sample Board Meeting Minutes
8/30/2007
Summary:

Effectively tracking the who, what, where, when, and why of board decision-making in a concise, informative way is imperative, especially for a newly funded venture. This brief blog discussion is followed by an easy-to-use template for recording board minutes in a formal, logical fashion.

Go To Source (www.feld.com)
SWOT Analysis
FastTrac
8/10/2006
Article Resource
Summary:

SWOT analysis provides an excellent tool for entrepreneurs to evaluate the strengths, weaknesses, opportunities, and threats of their business.

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Role Model for Giving as a Habit of the Heart
Moody C David Jr
12/1/2005
Article Resource
Summary:

For David Moody, giving back should be a "habit from the heart," started even before success arrives.

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Roger Dawson's Guide to Business Negotiating
6/1/2006
Summary:

This video excerpt features Roger Dawson discussing a common negotiations pitfall known as nibbling and shows how you can avoid falling into this trap before closing a deal.

Go To Source (easylink.playstream.com)
Risky Business: Analysis from an Engineering Perspective
PateCornell Elisabeth
1/27/2010
Audio Resource
Summary:

Don't set sail without thinking first: this sage advice sums up risk analysis for Elisabeth Paté-Cornell, department chair of Management Science and Engineering at Stanford University. She explains that risk assessment involves the study of scenarios, probabilities, and consequences. A risk analyst uses logic and statistics to makes sense of uncertainties and provides possible solutions to derail disaster. While some events force quick thinking, most can be avoided with a little forethought. After all, she simplifies: risk analysis isn't just nuclear reactors, it's also real life.

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Risk in Entrepreneurship
Ashbrook Tom
1/1/2002
Article Resource
Summary:

Entrepreneurship means risk, writes the author, a veteran journalist turn dot-com entrepreneur who lived to tell the tale in a best-selling book. In an equally frank article, he speaks about teetering on the brink of financial and marital collapse before securing financing, and advises fledglings to assess their tolerance for risk and level with loved ones before taking the risk-laden entrepreneurial plunge.

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