The business plan: you'll be lost without it
Article Abstract:
Preparers of formal, written business plans designed to attract investors and venture capitalists are advised to remember seven concepts when preparing their plans: (1) approximately 85 percent of the business plans received by venture capitalists are rejected, (2) the purpose of the written plan is to describe the business activities of the firm and to highlight those factors crucial to the firm's success, (3) one of the best ways to attract investors is by noting the expertise and past successes of the management team for the firm, (4) the business plan should focus on the unique aspects of the firm and why it expects to do well, (5) business plans will appear naive if they fail to assess possible risks faced by the firm, (6) a good business plan should be concise, and (7) business plans should include an executive summary section.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1986
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Corporate venturing is good business
Article Abstract:
Corporate venturing, the bank-rolling of a small entrepreneurial enterprise by a larger corporation, can take three forms: (1) direct investment, (2) establishment of a venture capital fund, and (3) sale of a limited technology (developed by the large company) to the new business enterprise. The advantages of such financing agreements are detailed from the viewpoints of both the larger (financing) corporation and the smaller (recipient) firm. Three recommendations are made in the area of venture capital management: (1) large corporations should consider venture capital strategies as a means of furthering their own strategic objectives, (2) venture capitalists must first concentrate on raising funds, and (3) public accounting firms should encourage capital ventures among their clients (both large and small companies).
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1986
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The risk capital market can be rough and thorny
Article Abstract:
According to the British firm of Venture Economics Ltd., 730 million pounds sterling was invested in the form of risk capital between 1979 and mid-1985; these funds represent only investments in unquoted companies in Great Britain. The definition of venture capital, the advantages of raising venture capital as opposed to other financing structures, and some techniques for obtaining venture capital in Great Britain are discussed. Venture capital is also distinguished from development capital. Entrepreneurs in Britain are advised to (1) set capital raising targets related to equity surrender, (2) keep investment principles simple, (3) avoid playing various venture capitalists against each other, and (4) locate investors who have similar objectives, when raising venture capital.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1985
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