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While most small business books cover niche components of the start-up model, From Idea to Exit takes a more comprehensive approach, tackling the entire entrepreneurial journey from the initial seed idea through a well-planned exit strategy. Through a persuasive narrative, the author draws from his own success a practical call to action for those who dream of taking that first big step. Allworth Press, an imprint of Skyhorse Publishing, publishes a broad range of books on the visual and performing arts, with emphasis on the business of art. Our titles cover subjects such as graphic design, theater, branding, fine art, photography, interior design, writing, acting, film, how to start careers, business and legal forms, business practices, and more. While we don't aspire to publish a New York Times bestseller or a national bestseller, we are deeply committed to quality books that help creative professionals succeed and thrive. We often publish in areas overlooked by other publishers and welcome the author whose expertise can help our audience of readers.
We have all heard the warnings - the average age of small-to-medium (SME) business owners is mid-to-late 50s; half of the entrepreneur population will reach retirement age within the next 10 years; only one in 10 business owners have a written exit plan; 60% of customers will cease to do business with a firm that does not have a known strategy for what happens when the founder retires or dies; the life expectancy of a business sold or transferred when the founder becomes incapacitated or dies without a plan is less than two years. Yet, it is only in recent years that we have begun to even acknowledge the issues. Up until then, most small-to-medium-size businesses either simply faded away with their founders or were passed onto children who often had insufficient interest or talent to continue their parents' lifetime of work. Consequently, the business followed a short path to dissolution. Today, large, well-run enterprises trade hands among capitalists for millions of dollars. I am not worried about them. My concern is with the hundreds of thousands of entrepreneurs who have most of their personal wealth tied up in their small-to-medium-sized businesses. Moreover, they are likely counting on the eventual sale of those businesses to fund their retirement. Many will be tragically disappointed because they waited too long, planned too little, and assumed too much. However, it does not have to be that way. The process of successfully transitioning a business from one entrepreneur to another is relatively straightforward. In fact, it follows the same path most business owners used to build their business in the first place - create a vision for the future, conduct a reality check on the situation today, and draw a map to take you from where you are to where you want to go. I have been coaching entrepreneurs for more than 25 years, and they have taught me a lot. In addition to all the business management insights, one of the most valuable lessons I have learned is that, given sound reasoning and a logical methodology, serious-minded business owners will make a focused effort to change their habits and their businesses for the better. So, that is what this book attempts to do - provide the rationale and the routine to motivate you to prepare for the eventual transition of your business to the most qualified successor. The result will be continued service to customers and clients who trust you, greater value to you for your life's work, and greater certainty about the world's economic future. Succession planning is not an event - it is a journey. To help guide us along the way, I have created a cast of characters who represent an amalgamation of many business owners with whom I have worked. However, all the conversations played out in this book have happened in real-life coaching sessions with hundreds of entrepreneurs. The truth of the matter is that you will leave your business someday. The question is, will you be in control of your exit, or will you allow fate and circumstance to dictate what happens to the business you have spent so much of your life building?
Whether you work for an established company and want to trailblaze new products (intrapreneurship), or want to establish your own new venture (entrepreneurship), The Guide to Entrepreneurship: How to Create Wealth for Your Company and Stakeholders supplies invaluable guidance along with concrete action plans. In contrast to academic publications th
Ryan focuses on methods he has developed over the years for building a sustainable business that makes money. He shows how to turn an idea into real product.
An engaging guide to excelling in today's venture capital arena Beginning in 2005, Brad Feld and Jason Mendelson, managing directors at Foundry Group, wrote a long series of blog posts describing all the parts of a typical venture capital Term Sheet: a document which outlines key financial and other terms of a proposed investment. Since this time, they've seen the series used as the basis for a number of college courses, and have been thanked by thousands of people who have used the information to gain a better understanding of the venture capital field. Drawn from the past work Feld and Mendelson have written about in their blog and augmented with newer material, Venture Capital Financings puts this discipline in perspective and lays out the strategies that allow entrepreneurs to excel in their start-up companies. Page by page, this book discusses all facets of the venture capital fundraising process. Along the way, Feld and Mendelson touch on everything from how valuations are set to what externalities venture capitalists face that factor into entrepreneurs' businesses. Includes a breakdown analysis of the mechanics of a Term Sheet and the tactics needed to negotiate Details the different stages of the venture capital process, from starting a venture and seeing it through to the later stages Explores the entire venture capital ecosystem including those who invest in venture capitalist Contain standard documents that are used in these transactions Written by two highly regarded experts in the world of venture capital The venture capital arena is a complex and competitive place, but with this book as your guide, you'll discover what it takes to make your way through it.
Most startups fail. But many of those failures are preventable. The Lean Startup is a new approach being adopted across the globe, changing the way companies are built and new products are launched. Eric Ries defines a startup as an organization dedicated to creating something new under conditions of extreme uncertainty. This is just as true for one person in a garage or a group of seasoned professionals in a Fortune 500 boardroom. What they have in common is a mission to penetrate that fog of uncertainty to discover a successful path to a sustainable business. The Lean Startup approach fosters companies that are both more capital efficient and that leverage human creativity more effectively. Inspired by lessons from lean manufacturing, it relies on “validated learning,” rapid scientific experimentation, as well as a number of counter-intuitive practices that shorten product development cycles, measure actual progress without resorting to vanity metrics, and learn what customers really want. It enables a company to shift directions with agility, altering plans inch by inch, minute by minute. Rather than wasting time creating elaborate business plans, The Lean Startup offers entrepreneurs—in companies of all sizes—a way to test their vision continuously, to adapt and adjust before it’s too late. Ries provides a scientific approach to creating and managing successful startups in a age when companies need to innovate more than ever.
Developed from celebrated Harvard statistics lectures, Introduction to Probability provides essential language and tools for understanding statistics, randomness, and uncertainty. The book explores a wide variety of applications and examples, ranging from coincidences and paradoxes to Google PageRank and Markov chain Monte Carlo (MCMC). Additional application areas explored include genetics, medicine, computer science, and information theory. The print book version includes a code that provides free access to an eBook version. The authors present the material in an accessible style and motivate concepts using real-world examples. Throughout, they use stories to uncover connections between the fundamental distributions in statistics and conditioning to reduce complicated problems to manageable pieces. The book includes many intuitive explanations, diagrams, and practice problems. Each chapter ends with a section showing how to perform relevant simulations and calculations in R, a free statistical software environment.
Entrepreneur's guide for starting and growing a business to a public listing