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A buy-sell agreement that properly anticipates all of the challenges and dynamics of rapid expansion is a must. The author asserts many entrepreneurs often are so excited to get the company started that the details typically addressed in a buy-sell agreement are overlooked.
Buyers and sellers of companies have different reasons for getting together.
Many entrepreneurs with family-owned or closely held businesses say the most difficult challenges involve deciding who will succeed the current generation.
Physician turned venture capitalist Drew Senyei sees education as society's great equalizer.
By 2015 there will be 500 million people under age 30 in China--roughly the population of the entire European Union. And they aren't idolizing Lei Feng, a devoted follower of Mao. They are looking to figures such as Bill Gates and Michael Dell, says Ge Dingkun, a professor of entrepreneurship at China Europe International Business School in Shanghai.
Young people, barely a generation removed from Chairman Mao's strict communism, are embracing entrepreneurship. The incomes of twenty-somethings in China grew 34% in the past three years, the largest growth of any age group, according to a survey by Credit Suisse. While large industries in China--such as banking, steel, telecommunications and electricity generation--are still essentially state-owned, a growing chunk of new wealth being created comes from the hard work and vision of scrappy upstarts.
The founder of a junk-removal franchiser advises seeking support and information from peers in small group networks sponsored by entrepreneurial peer organizations.
A strong knowledge of markets and values and knowing up front what you want to achieve are keys to successful negotiations. This entrepreneur tells the story of how the creative structuring of a unique deal became a success for all parties involved.
Entrepreneurs need to be leaders to motivate people to undertake the daunting task of turning a vision into a tangible entity, says the founder of the nation's largest pediatric home healthcare provider.
Why the Hurt Locker is an excellent example of film making entrepreneurship.
Ron Rubin's profession is tea, but he is also steeped in giving back to student entrepreneurs.
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