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13.3 Partnerships and Joint Ventures
LEARNING OBJECTIVES By the end of this section, you will be able to: Describe the ownership structure of a partnership Describe the ownership structure of a joint venture Summarize the advantages and disadvantages of partnership and joint venture structure...
11.2 Designing the Business Model
Portions of the material in this section are based on original work by Geoffrey Graybeal and produced with support from the Rebus Community. The original is freely available under the terms of the CC BY 4.0 license at https://press.rebus.community/media-innova...
9.4 Developing Startup Financial Statements and Projections
LEARNING OBJECTIVES By the end of this section, you will be able to: Understand the three primary financial statements: balance sheet, income statement, and statement of cash flows Understand how financial projections are made and how to use the run rate an...
9.3 Accounting Basics for Entrepreneurs
LEARNING OBJECTIVES By the end of this section, you will be able to: Explain the accounting equation and define its parts (assets, liabilities, and equity) Define revenue, expenses, and income Although financing and accounting complement and rely on each o...
9.2 Special Funding Strategies
LEARNING OBJECTIVES By the end of this section, you will be able to: Identify funding strategies used by charitable organizations Describe financing opportunities available to startups Define bootstrapping Describe the advantages and disadvantages of ...
9.1 Overview of Entrepreneurial Finance and Accounting Strategies
LEARNING OBJECTIVES By the end of this section, you will be able to: Distinguish between financing and accounting Describe common financing strategies for different stages of the company lifecycle: personal savings, personal loans, friends and family, c...
Introduction
Figure 9.1 An advertisement showcasing the features of the iBackPack. Chapter Outline 9.1 Overview of Entrepreneurial Finance and Accounting Strategies 9.2 Special Funding Strategies 9.3 Accounting Basics for Entrepreneurs 9.4 De...
11.4 The Business Plan
LEARNING OBJECTIVES By the end of this section, you will be able to: Describe the different purposes of a business plan Describe and develop the components of a brief business plan Describe and develop the components of a full business plan Unlike...
11.3 Conducting a Feasibility Analysis
LEARNING OBJECTIVES By the end of this section, you will be able to: Describe the purpose of a feasibility analysis Describe and develop the parts of a feasibility analysis Understand how to apply feasibility outcomes to a new venture As the name ...
11.1 Avoiding the “Field of Dreams” Approach
LEARNING OBJECTIVES By the end of this section, you will be able to: Understand the importance of planning Understand the concepts of product and service innovation, and define and understand key business models Describe and be able to construct a valu...
13.4 Limited Liability Companies
LEARNING OBJECTIVES By the end of this section, you will be able to: Describe the ownership structure of a limited liability company Explain how limited liability companies are taxed Summarize the advantages and disadvantages of the limited liability c...
Introduction
Figure 11.1 The initial plan for Vita Coco did not work for its founders, Michael Kirban and Ira Liran, but the coconut water found later success, ultimately becoming the market leader, by using customer-focused design throughout the entrepreneurial process....
12.3 Designing a Startup Operational Plan
LEARNING OBJECTIVES By the end of this section, you will be able to: Identify the major areas of operations management (money, methods, machines, people, and leadership) Develop a checklist of operational needs From the start, every entrepreneur ne...
12.2 Building the Entrepreneurial Dream Team
LEARNING OBJECTIVES By the end of this section, you will be able to: Understand key resource needs for entrepreneurial ventures: accountant, attorney, banker/financial institution, insurance agent, and industry expert Understand the value of developing ...
12.1 Building and Connecting to Networks
LEARNING OBJECTIVES By the end of this section, you will be able to: Define networking and describe its role in entrepreneurship Describe networking opportunities Describe local and trade organization networking opportunities Identify nonprofit and go...
Introduction
Figure 12.1 US 1 is the route into and out of the Florida Keys that residents and visitors alike take to their intended destinations. But more importantly, US 1, a physical structure of steel-reinforced concrete, is the artery through which economic exch...
13.7 Mitigating and Managing Risks
LEARNING OBJECTIVES By the end of this section, you will be able to: Explain Enterprise Risk Management and how a company uses it Describe litigation and financial risks Describe common insurance needs Risk management is key to operating any busin...
13.6 Additional Considerations: Capital Acquisition, Business Domicile, and Technology
LEARNING OBJECTIVES By the end of this section, you will be able to: Describe the capital acquisition opportunities available to different types of business structures Explain how the advantages and disadvantages of where a business is registered should...
13.5 Sole Proprietorships
LEARNING OBJECTIVES By the end of this section, you will be able to: Describe the ownership structure of a sole proprietorship Explain the advantages and disadvantages of operating as a sole proprietor A sole proprietorship is a business entity tha...
The Interview Process - Information
Good Day! My name is Emi and I am the pedagogical assistant at Innovatank. First of all, thank you for joining us in this interview process! The steps are simple 1. Review the questions in your chapter and Edit them as you wish 2. We will meet i...