The effect of entrepreneurial experience on the quality of a business plan proposal in applying for angel investment

2020 ◽  
Vol 12 (6) ◽  
pp. 617
Author(s):  
Róbert Hanák ◽  
Matúš Grežo
Keyword(s):  
Business Plan ◽  
Entrepreneurial Experience ◽  
Angel Investment

ENTREPRENEURIAL OPTIMISM, THE NATURE OF ENTREPRENEURIAL EXPERIENCE AND DEBT DECISION FOR BUSINESS START-UP

2018 ◽  
Vol 22 (03) ◽  
pp. 1850024 ◽  
Author(s):  
HÉDIA FOURATI ◽  
RIHAB BEN ATTITALAH
Keyword(s):  
Earnings Forecasts ◽  
Adjustment Cost ◽  
Debt Ratio ◽  
Entrepreneurial Experience ◽  
Panel Data Estimation ◽  
Quality Of Control ◽  
Start Up ◽  
Serial Entrepreneurs ◽  
Data Estimation

This paper studies the entrepreneurial optimism and debt decisions for business start-up. By analysing a sample of 160 business start-up and by using the panel data estimation, we study entrepreneurs’ optimism and its impact on debt decision of business start-up. The measure of entrepreneurial optimism is based on the entrepreneur earnings forecasts initiated by Lin et al. (2005). Meanwhile, the nature of entrepreneurial experience (serial and portfolio entrepreneur) has an effect on entrepreneurial optimism and leads to more or less optimistic entrepreneur. The results reveal that optimistic entrepreneur prefers equity in funding the financial deficit. Serial entrepreneurs tend to use more debt funding. In the dynamic model, the entrepreneur acquiring business concurrently adjusts slowly to debt ratio. Nevertheless, the sequential entrepreneurial experience leads to more optimism and so on more debt use. Given the governance role played by banks, the high adjustment cost for start-up is a consequence of the efficiency of the quality of control exercised by banks that in spite of entrepreneurial optimism, the entrepreneur does not convince the financiers to be so confident on the prospect of the business.

scholarly journals Perencanaan Pemasaran Tahu Tuna pada Usaha Mikro Nabilla Makmur di Pacitan, Jawa Timur

2018 ◽  
pp. 112
Author(s):  
NI LUH MADE RATNA HAPSARI PUTRI ◽  
DWI PUTRA DARMAWAN ◽  
PUTU UDAYANI WIJAYANTI
Keyword(s):  
Business Plan ◽  
Marketing Plan ◽  
Selling Price ◽  
Sale Price ◽  
Promotion Strategy ◽  
Packaging System ◽  
Distribution Strategy ◽  
Factors Analysis ◽  
Internal And External Factors

Marketing Plan of Tuna Tofu at Micro Enterprise Nabilla Makmur in Pacitan, Eats Java This study aimed to know the marketing plan of tuna tofu micro business of NabillaMakmur in 2017 as a new pioneered business unit and having a bright salesprospect.. The data analysis used Smart Business Plan 8.0 program consisting ofmarketing plan variables. The company did not implement the target in sales, butwithin one month the company was able to produce up to 1,500 packs per month.Based on the results of internal and external factors analysis by maximizing thestrength and exploiting the existing opportunities and minimizing the weaknessesand threats from outside by improving the quality of tuna tofu products and servicesto consumers, looking for new potential supplier areas, promotion through internetand mass media and additional personnel as company sales, and cooperation with giftshop around Pacitan.The strategy adopted by the company was a marketing mixstrategy which consists of product strategy using packaging system using vacuumplastic, pricing strategy based on competitor price, and cost of principle sale price indetermining selling price of tuna tofu, company distribution strategy through localsales in Pacitan city and sales in out of Pacitan city covering some big cities inIndonesia, company promotion strategy with good company name and through socialmedia.

scholarly journals Reasons, Success Factors and Disadvantages of Research Collaboration

2021 ◽  
Vol 11 (3) ◽  
pp. 734-747
Author(s):  
Dilek Erdoğan ◽  
Sabiha Annaç Göv
Keyword(s):  
Social Relations ◽  
Success Factors ◽  
Research Collaboration ◽  
Business Plan ◽  
Learning And Development ◽  
Factors Affecting ◽  
Achievement Score ◽  
Individual Achievement ◽  
Number Of Authors

In recent years, the number of both co-authored publications and authors per publication in the national and international literature has increased. Co-authored publications are a result of voluntary research collaboration among academics. This study aims to investigate the reasons for research collaboration, the factors affecting the success of research collaboration, and the disadvantages of the collaboration perceived by researchers. For this purpose, qualitative research was conducted, and interviews were conducted with ten academics with different titles working in different disciplines. Among the reasons for collaboration, the most frequently reported reasons were increasing the quality of publications, ensuring learning and development, improving social relations, expertise, and access to resources. Factors such as being honest and trustworthy of the research partner, fulfilling the responsibilities of the parties, interpersonal harmony, complying with the business plan and calendar are among the factors considered to affect the success of the collaboration. Some of the perceived disadvantages of research collaboration are the low reliability of the contribution to multi-author studies, the division of academic achievement score by the number of authors, the difficulty of proving individual achievement in co-authored studies, and problems related to the research partner.

The quality of SOEs’ annual financial statements: A critical analysis of the OECD guidelines

2021 ◽  
Author(s):  
Margherita Smarra ◽  
Marco Sorrentino
Keyword(s):  
Public Interest ◽  
Critical Analysis ◽  
Business Plan ◽  
Financial Statements ◽  
International Accounting ◽  
Company Performance

National and international accounting literature and established accountancy laws now agree that the nature of invested resources, and — above all — pursued objectives, can modify the accountability of state-owned enterprises (SOEs). This accountability is characterised as being of public interest, and the efficacy of the statutory accounts model derived from the chosen business plan is consequently reduced. Based upon this hypothesis, the present work proposes an evaluation of the mandatory accounting regulations for Italian state-owned enterprises via an evaluation of compliance with the OECD guidelines of November 2015 regarding “disclosure and transparency”. Although the work substantially evidences compliance with the majority of OECD recommendations, it also highlights a concentration of non-compliance in areas regarding company performance statements

scholarly journals WOMEN ENTREPRENEURSHIP TO IMPROVE THE QUALITY OF LIFE THROUGH BEST PRACTICES IN RURAL MICROBUSINESS

2016 ◽  
Vol 11 (1) ◽  
Author(s):  
José G. Vargas-Hernández
Keyword(s):  
Quality Of Life ◽  
Best Practices ◽  
Joint Venture ◽  
Business Plan ◽  
Empirical Knowledge ◽  
Women Entrepreneurship ◽  
Scientific Support ◽  
Structured Knowledge ◽  
Successes And Failures

The purpose of this paper is to analyze the case of a joint venture stage to determine the successes and failures undertaken by women entrepreneurship aimed to improve the quality of life. The analysis is based on the theory of resources and skills of entrepreneurship and business. It is intended to answer the question, what were the successes and failures committed by entrepreneurs to run the business plan aimed to improve the quality of life in this particular case? The answers were found relating the situations described in the case with the theories of resources and skills and entrepreneurship. The analysis concludes that the empirical knowledge of entrepreneurs, in this case were not sufficient to direct the business to success, and that the lack of structured knowledge and adequate scientific support for this project strongly directed towards the non-permanence on the market.

scholarly journals Marketing Analysis for the Construction of a Business Plan: Analysis of the Restaurant Sector in the Commercial Center of a City Located in the Brazilian’s Interior

2021 ◽  
Vol 04 (12) ◽  
Author(s):  
Cleginaldo Pereira de Carvalho ◽  
Keyword(s):  
Decision Making ◽  
Market Research ◽  
Business Plan ◽  
Competitive Advantages ◽  
Plan Analysis ◽  
Marketing Analysis ◽  
The City ◽  
Commercial Center ◽  
Relevant Factors

Nowadays, when competitiveness has become a frequent factor among companies, they must be prepared and structured, in order to acquire competitive advantages in the market. The present work aims to analyze the restaurant market in the commercial center of the city of Lorena, state of São Paulo - SP, providing information on the profile of consumers, companies that compete in the market and influencing aspects in decision making in choosing the preferred establishment, thus providing the necessary subsidies for the elaboration of a possible business plan. The investigation was conducted through a bibliographic review and a market research applied to regulars in the commercial center of the municipality. The results obtained demonstrate the existence of a heterogeneous market, composed of consumers of the most varied ages, occupations and preferences for companies already established in the local commerce. The study also presented as the most relevant factors in the process of choosing the preferred restaurant the quality of the products, the service and the variety. Thus, the feasibility of proceeding to a detailed business plan, incorporating financial and marketing aspects, is concluded.

scholarly journals Omitted variable bias in the link between planning and performance

2004 ◽  
Vol 7 (2) ◽  
pp. 27-31 ◽  
Author(s):  
Kirk C. Heriot ◽  
Noel D. Campbell ◽  
R. Zachary Finney
Keyword(s):  
Planning Process ◽  
Business Plan ◽  
New Venture ◽  
Business Plans ◽  
Business Opportunity ◽  
Omitted Variable Bias ◽  
Variable Bias ◽  
And Performance ◽  
True Relationship

This article argues that existing research poorly specifies the link between planning and performance because of omitted variable bias. Researchers agree planning is a critical part of creating any new venture. Many researchers assess planning by whether a small firm has a written business plan. Unfortunately, efforts empirically to validate this relationship have been inconclusive. This article proposes that researchers should assess business plans both on the quality of the plan (and the planning process that produced it), and on the quality of the underlying business opportunity. Failure to account for both aspects of a business plan amounts to omitted variable bias, frustrating attempts to accurately estimate the true relationship.

scholarly journals The Role of the External Accountant in Business Planning for Starters: Perspective of the Self-Determination Theory

2021 ◽  
Vol 13 (6) ◽  
pp. 3014
Author(s):  
Stefanie De Bruyckere ◽  
Patricia Everaert
Keyword(s):  
Business Plan ◽  
Self Determination Theory ◽  
The Self ◽  
Self Determination ◽  
Business Planning ◽  
High Quality ◽  
Planning Stage ◽  
Important Challenge

The objective of this study was to gain more insight into the value of business planning for starters and to better understand the role of the external accountant in the planning stage. In particular, survey research was conducted to capture both the quality of the business plan and its effectiveness as perceived by the starter. To unravel the underlying reasons behind the development of a business plan, the framework of the self-determination theory (SDT) was used and adapted to this context. SDT proposes a continuum that distinguishes four types of motivation, ranging from external motivation (i.e., developing a business plan because of a legal obligation) to intrinsic motivation (i.e., developing a business plan because of a personal interest). The results, based on 283 surveys of Belgian starters, showed a relationship between the type of motivation and the quality of the business plan. Entrepreneurs with high introjected or high identified motivation seem to develop a high-quality business plan. This high-quality business plan enables entrepreneurs to increase their effectiveness. Furthermore, entrepreneurs who consulted an accountant during the business planning stage perceived the quality of their business plan as higher than entrepreneurs who did not get advice from an accountant. These findings presuppose an important challenge for external accountants, as their business advice supports entrepreneurs in anticipating “the unexpected”, which subsequently empowers them to monitor their business effectively.

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