By Eric Koester
Written via an skilled enterprise legal professional within the expertise, clinical and engineering group, this book is for the engineer with an leading edge high-tech notion or proposal who wishes these the most important enterprise insights and methods to maneuver that concept ahead. It bargains key research on tips to depart a present supplier, achieve entry to applied sciences and power expertise, and considers different matters that may decrease difficulties down the line. It even incorporates a step by step consultant for gaining access to and maintaining highbrow estate on the earliest levels. to help within the fundraising approach, this source explores all of the to be had techniques to capitalize a enterprise – from self-funding, to bootstrapping, to angel traders, to enterprise capital to executive delivers, to financial institution loans, to joint ventures. It additionally appears to be like on the most sensible how you can shape a firm with the intention to reap the benefits of a number of tax and company ideas, discusses repayment of staff with inventory thoughts or constrained inventory plans, explains how an rising corporation can extend the world over, and covers a few key go out techniques akin to an IPO or a merger/acquisition. It covers so much every little thing a brand new expertise company will face together with hiring, firing, contracts, rentals, loans, and product warranties. As you learn, you will discover this publication is stuffed with the stuff that engineers love: information, info, instruments, spreadsheets, and study. however it additionally packed with the anecdotal proof and functional suggestion had to remain the path. now's a massive time for entrepreneurship. even if there were periodic slowdowns within the financial system, if you happen to think in a destiny, high-tech is the longer term during which to think. This ebook is a part of the Taylor & Francis/CRC Press sequence "What each Engineer may still learn about… . just like the different books within the sequence, it really is designed to supply you with vital wisdom that can assist you alongside your profession direction. This one also will assist you make that course your individual.
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Additional info for What Every Engineer Should Know About Starting a High-Tech Business Venture
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Watch out for Technical excellence won’t be enough in a new business venture. Make sure that, as a new business founder, you are prepared to focus on a full gamut of areas, including sales, marketing, accounting, law, human resources, and market forces. If you are weak in any of these areas (and even if you aren’t), build a team to offer that support and take advantage of seminars, programming, and other opportunities to improve and learn. You won’t need to be an expert in everything but remember that, with a lean team, you may need to handle certain responsibilities such as human resources or sales in the early days.
In these cases discussed above, the businesses’ founders were handsomely rewarded for their efforts (just ask Bill Gates and Paul Allen of Microsoft fame, who seem to be doing fairly well for themselves these days . ). These success stories (as well as the countless others) are just another reason some entrepreneurs decide to build a business. The risks may be high, but the rewards can be handsome. S. and global business and the development of innovative technologies used in everyday life. According to James Utterback of Massachusetts Institute of Technology (MIT) Sloan School of Management, innovation in today’s business environment has been driven by emerging companies and not established firms.
What Every Engineer Should Know About Starting a High-Tech Business Venture by Eric Koester