Roadmap to Entrepreneurial Success: Powerful Strategies for Building a High-Profit Business

Roadmap to Entrepreneurial Success: Powerful Strategies for Building a High-Profit Business

Roadmap to Entrepreneurial Success: Powerful Strategies for Building a High-Profit Business

Roadmap to Entrepreneurial Success: Powerful Strategies for Building a High-Profit Business

Synopsis

Roadmap to Entrepreneurial Success provides the tools for both the new and experienced entrepreneur to stay on course and succeed.

Excerpt

A new day has come for entrepreneurs. the torrid and unsustainable pace of investment into start-ups that took place in the late 1990s is history. the rules have changed, and those navigating the waters of starting and managing a new business venture will find a fresh set of value drivers. Gone are the days of plenty of hype and little substance. Businesses today must put forth sustainable value propositions and establish a roadmap for achieving sound objectives.

Today we are welcoming a “back-to-basics” mentality from entrepreneurs and investors alike. This shift is a much-needed response to the economic conditions we are currently experiencing. There is no bear market on good ideas and no bear market for innovations and creative entrepreneurs. So regardless of where we are in the inevitable business cycle, this much is true: To effectively build an organization, you need a clear vision as to where you want to go and a solid business plan that gets you there.

Operating in an economy that is emerging from a recession requires entrepreneurs to enter the market with their eyes wide open. the landscape isn’t pretty; but there are plenty of opportunities for those with rational expectations. For instance, the time horizon for a company to “exit,” either through an initial public offering or acquisition, has returned to a minimum period of five to seven years from inception. For many, this journey to a successful harvest will be much longer; therefore commitment and persistence is the name of the game. Entrepreneurs who are focused solely on the potential windfall at the end of the day will not only be disappointed when it doesn’t arrive on time, but they are also more likely to make operating mistakes at a critical time in their venture’s evolution.

The ability to manage effectively in uncertain times and when problems arise will help entrepreneurs and business executives keep their strategic heading. Such maneuvering requires flexibility and an aptitude for seeing beyond the crisis du jour to the ultimate objective, building a company with sustainable value. These challenges aside, we must not forget that some of the most successful start-ups began during a recession. Those companies that . . .

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