Finanzas

AN ENTREPRENEUR PRESPECTIVE

THE ENTREPRENEUR AND FINANCE

Do you ever think about wanting to someday own your own business? Does being an entrepreneur have any appeal to you? Well it does for a lot of people. During the past decade, starting and growing companies have been the preferred avenue many have chosen for careers. In fact, while many of the large companies are reducing the number ofemployees, smaller companies are creating new jobs by the thousands. A lot of individuals have thought that there was greater security in working with a big company, only to be disillusioned in the end when they were informed that “Friday is your last day”

Defining an entrepreneur is not an easy thing to do. But we can say with some clarity what entrepreneurship is about. Entrepreneurship hasbeen defined as a relentless pursuit of opportunity for the purpose of creating value, without concern for the resources owned.

To be successful, the entrepreneurial process requires that entrepreneur be able to:

Identify a good opportunity. Oftentimes we may have a good idea, but it may not be a “good opportunity.” Opportunities are market driven. There must be enough customers who want tobuy our product or service at a price that covers our expenses and leaves an attractive profit no matter how much we may like the idea.

Gain access to the resources needed. For any venture, there are critical resources human, financial, and physical that must be available. The entrepreneur usually does not have the capital to own all the resources that are needed. So she must have access toresources, but usually cannot afford to own them. It’s what we call bootstrapping. The goal is to do more with less.

Launch the venture. All the planning in the world is not enough. The entrepreneur must be action oriented. It required a “can do” spirit.

Grow the business. A business has to grow if is to be successful. Frequently, the firm will not break even for several years, which mean meansthat we will be burning up cash each month. Being able to survive during the time that cash flow are negative is not easy task. If we grow too slow, we lost, but also If we grow too fast, we may lost as well. During this time, additional capital will be needed, which required that we know how to value the firm and how to structure financing.

Exit the business. If a venture has been successful,the entrepreneur will have created economic value that is locked up in the business. At some point in time, the entrepreneur will want to capture the value that has been created by the business. It will be time to harvest.

To be successful as an entrepreneur required an understanding of finance. At the appropriate places in financial management, we will be presenting how financial relates tothe entrepreneurial journey. It is an interesting topic that we think that we think you will enjoy.

EMPRESARIO perspectiva
EL EMPRESARIO Y FINANZAS
¿Alguna vez piensas sobre el deseo de algún día tener su propio negocio? ¿Ser un empresario tiene ningún atractivo para usted? Así lo hace por un montón de gente. Durante la última década, las empresas nuevas y en crecimiento han sido lospreferidos avenida muchos han optado por las carreras. De hecho, mientras que muchas de las grandes empresas están reduciendo el número de empleados, las empresas más pequeñas son la creación de nuevos puestos de trabajo de a miles. Una gran cantidad de personas han pensado que había una mayor seguridad en el trabajo con una gran empresa, sólo para ser decepcionados al final, cuando se les informó que "elviernes es el último día"
Definición de un empresario no es una cosa fácil de hacer. Pero podemos decir con cierta claridad lo que se trata de la iniciativa empresarial. El espíritu empresarial se ha definido como una búsqueda incesante de oportunidades con el propósito de crear valor, sin preocuparse por los recursos que posee.
Para tener éxito, el proceso emprendedor requiere que el...