Entrepreneurship in Technology

Paper Summary:

This paper examines how entrepreneurship is as active as it has ever been and how, regardless of the industry or beginning size of the business, there is opportunity still in having good ideas. It explains the four phases of a business cycle for an entrepreneur incorporating an effective business plan during the phases and shows how the old principles still hold today: The good idea that fills a niche, backed with good solid planning. if not as much cash as everyone would like.

Outline
Abstract
Overview
Entrepreneurship
Effective Business Planning
The Value of a Business Plan
Benefits of Business Plan
Lack of Business Plan
Start-Up Phase
Growth Phase
Maturity Phase
Stability/Decline
Examples
Measuring Up
Conclusion
Table of Figures
References

From the Paper:

"The primary value of the business plan will be to create a written outline that evaluates all aspects of the economic viability of the business venture including a description and analysis of the business prospects. Typically thought of as only something needed to acquire funding either through lending institutions or investors groups, many fail to understand the management benefits of a well-constructed business plan. Many successful business owners have attributed frequent referral to their business plans as the single most important tool they found in keeping their business on track and working toward goals rather than allowing the business to spin out of control with them chasing behind, wondering where they were headed next (Cohen 38)."

More papers on Entrepreneurship in Technology:

• Research Paper # 97541 : "Entrepreneurship In The Modern Era"
• Essay # 25372 : "Entrepreneurship and Technological Innovation"
• Term Paper # 144465 : "High-Tech Entrepreneurship by Women in Canada"

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