The Entrepreneur's Guidebook will help any entrepreneur who wants to grow and develop both their business and themselves. Based on research at Cranfield School of Management, where the accounts of some 15,000 firms have been analysed, the authors have distilled the very essence of how to achieve profitable growth. They've also charted all the problems owner-managed firms are likely to encounter, and suggest ways to anticipate and resolve them. Packed with assignments and useful case studies, it will help any entrepreneur answer these key questions:
Where is the business now - what are its strengths and weaknesses?
Where can the business go from here - what strategies can be pursued?
How do I create the complete business plan and achieve my growth objectives?
The Entrepreneur's Guidebook has helped hundreds of participants on the Business Growth and Development
Programme realize their ambitions. Many of their businesses have grown spectacularly while others have raised millions in new capital to fund expansion. Now everyone can achieve those goals.
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Following a career in business where he held senior staff and line positions, including that of managing director of a substantial manufacturing enterprise with multi -plant and multi-country operations he was Head of the Enterprise Group at Cranfield School of Management, a leading European Business School, for ten years. He has been a visiting professor in universities in the US, Europe and East Asia. For five years he was a non-executive director of a high tech venture capital fund, has sat on Government task forces and is now strategic advisor to a number of business owners.
As well as his own books he currently writes freelance, ghost writing and 'Anglicising' books for American authors and lectures extensively on business topics.
Part 1: Where are we now?
Phases of organisational growth
1 Your mission
Mission statements; Prime objectives; Assignment 1
2 Opportunities and threats
Your marketing environment; Assignment 2; Assignment 3; Assignment 4
3 Strengths and weaknesses
Products and services; Assignment 5; Pricing and distribution; Assignment 6; Advertising and promotion; Assignment 7; Sales
and sales management; Assignment 8
4 The financial position
Business objectives; Ratios - the tools of analysis; Measures of growth; Measures of profitability; Credit control; Sources of financial information; Assignment 9
5 How to diagnose your organisation
Organisation 'fit' with the environment; Your organisational phase
of growth; Benchmarking against best practice; Characteristics
of effective organisations; Assignment 1
6 Assessing people, structure and systems
Assessing people capability; Assessing structure capability; Assessing systems capability; Assignment 11; Assignment 12
Part 2: Where are we going?
7 Marketing options
Critical success factors (CSFs); Assignment 13
8 Marketing strategy: focus and priorities
Improved productivity; Increasing margins; Increasing volume; Assignment 14
9 Choosing between alternatives
Analysis of strategic options; Assignment 15
10 Financing growth
Internal sources of funds; Debt and equity; Other ways to fund growth 2; Assignment 16
11 Acquisitions, mergers, joint ventures and divestments
Acquisitions; Mergers; Joint ventures; Divestments; Going on the acquisition trail; Licensing; Assignment 17
12 Visionary leadership
Developing a vision; Assignment 18
Part 3: How will we get there?
Revise the company mission statement; Set specific objectives and goals
13 The marketing plan
Marketing strategies for growth; 'The five Ps'; Key company competences; Sales forecast and control; Assignment 19
14 The people plan
Where people fit into the business plan; Your people objectives; Key elements of the people plan; Assignment 2
15 Managing change
Change hurts; The predictable process of change; Identifying
and managing resistance; Diagnosing readiness for change; Assignment 21
16 The financial plan
Planning assumptions; The cash-flow forecast; The
profit-and-loss account; The balance sheet; Sensitivity
analysis; Summary of performance ratios; Financing
requirements; Assignment 22
17 Writing and presenting your business plan
Packaging; Layout and content; Writing and editing;
Who to send the business plan to; The oral presentation;
What financiers look for in a business plan; Assignment 23
18 Exit routes
Types of sale; Who can help; Confidentiality; Due
diligence; Valuing the business; Afterwards; Professional advice
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