By Thomas N. Duening, Robert A. Hisrich, Michael A. Lechter
The focal point of this e-book is on expertise ventures - how they begin, function, and occasionally go out profitably. in brief, it covers the entire components required to release a winning know-how corporation, together with dialogue of state-of-the-art tendencies similar to "entrepreneurial method" and "lean startup," emphasis at the ideation method and improvement of an efficient marketing strategy, insurance of product and marketplace improvement, highbrow estate, structuring your enterprise, elevating capital, revenues and advertising, humans administration, or even thoughts for exiting your enterprise. this isn't one other armchair publication approximately entrepreneurship. It's a operating consultant for engineers and scientists who are looking to really be entrepreneurs.
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Additional resources for Technology Entrepreneurship: Taking Innovation to the Marketplace (2nd Edition)
Starting at a young age would also be helpful because of the tremendous levels of energy that are normally required to launch new ventures. On the other hand, greater levels of experience among older entrepreneurs can lead to greater efficiencies and less stress and strain. In reality, there is no single time in life when it is better to launch your entrepreneurial career. 19 Another factor that often concerns aspiring entrepreneurs is the amount of capital they have at their disposal. There is a common misunderstanding that launching a new venture requires large amounts of capital.
7 DELIBERATE PRACTICE Becoming an expert technology entrepreneur requires practice. It is nice to believe that there is such a thing as a “born entrepreneur,” but this is unlikely. In fact, we advocate that anyone can become an entrepreneur given the opportunity to practice the skills that we outline in this book. Some people seem to become entrepreneurs at a younger age than others—and many seem to do so without formally practicing the art of entrepreneurship. However, a closer look typically shows that they had been already exposed to the basic principles of entrepreneurship long before they achieved recognition as an entrepreneur.
If such lessons are not learned, the “serial entrepreneur” had better consider getting a job, because investors aren’t interested in entrepreneurs who repeat their mistakes. 1 When to Start Practicing There are many opinions about when is the right time to become an entrepreneur. Some believe that entrepreneurship is only for the young. The many technology companies that have been launched by youthful entrepreneurs over the last several decades highlight this perspective. Of course, it is possible that the overweighting towards youth in the technology startups of the last two decades (especially Internet startups) is related partly to the newness of the technologies.