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A business plan is a formal written document containing the ... Externally-focused plans draft goals that are important to outside stakeholders, particularly ...
However, there have been some salient early papers focusing specifically on entrepreneurial leadership as a prerequisite for organizational development, on the importance of the entrepreneur being a (visionary) leader, and on the parallels between leadership and entrepreneurship as fields of research and practice. [13]
A business idea is a concept envisioned by individuals or teams that can be monetized through the delivery of products or services. Serving as the foundation for entrepreneurial ventures, a robust business idea is essential for the development and success of new enterprises.
It is important to recognize the effect social relations have on economic action, including business development (Ford et al., 2006). Granovetter also argues that social relations in a network lead to trust between partners, an important factor for stable development in a dynamic environment.
Entrepreneurial finance is the study of value and resource allocation, applied to new ventures.It addresses key questions which challenge all entrepreneurs: how much money can and should be raised; when should it be raised and from whom; what is a reasonable valuation of the startup; and how should funding contracts and exit decisions be structured.
Carl J. Schramm (born 1946) is an American economist, entrepreneur, author, former President of the Ewing Marion Kauffman Foundation, and University Professor at Syracuse University. He is the author of the book Burn the Business Plan: What Great Entrepreneurs Really Do , [ 4 ] published by Simon & Schuster .
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