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CHAPTER 19 The Harvest and Beyond
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CHAPTER 19 The Harvest and Beyond

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Published in: Economy & Finance, Business

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  • 1. CHAPTER 19 The Harvest and Beyond
  • 2. Harvest Strategy
    • Guidelines
      • Patience
      • Realistic valuation
      • Outside advise
  • 3. Harvest Options
    • Seven principle avenues
      • “ Capital cow”
      • Employee stock ownership plan
      • Management buyout
      • Merger, acquisition, and strategic alliance
      • Outright sale
      • Public offering
      • Wealth-building vehicles
  • 4. Number of Recent IPOs Years 1996 through 2001 Source: Thomas Financial/Venture Economics and National Venture Capital Association, January 7, 2002.
  • 5. Recent IPO ($ Millions) Years 1996 through 2001 Source: Thomas Financial/Venture Economics and National Venture Capital Association, January 7, 2002.
  • 6. Renewal and Perpetuation of the Entrepreneurial System
    • Highly successful entrepreneurs foster new growth by giving money to the following:
      • College endowments
      • Community activities
      • Investment in new companies
  • 7. Success in the Entrepreneurial Process
    • Two habits necessary
      • A passion for achieving goals
      • A relentless competitive spirit and desire to win
  • 8. Secrets to Success
    • Seven points for your contemplation and amusement
      • There are no secrets; understanding and practicing the, along with hard work, will get results
      • As soon as there is a secret, everyone else knows about it, too; searching for secrets is a mindless exercise
      • Happiness is a positive cash flow
  • 9. Secrets to Success
    • Seven points for your contemplation and amusement
      • If you teach a person to work for others, you feed him or her for a year, but if you teach a person to be an entrepreneur, you feed him or her, and others, for a lifetime
      • Do not run out of cash
  • 10. Secrets to Success
    • Seven points for your contemplation and amusement
      • Entrepreneurship is fundamentally a human process, rather than a financial or technological process; you can make an enormous difference
      • Happiness is positive cash flow