Ap physics homework help the homework 4

Jan 27, 2018 Ap physics homework help the homework 4, best essay writers here -

Calibration Technician Certification CCT. Process: Learn Prepare Apply Certify Recertify. The Certified Calibration Technician tests, calibrates, maintains, and repairs electrical, mechanical, electromechanical, analytical, and electronic measuring, recording and indicating instruments and equipment for conformance to established standards. ASQ Members $268 (save $150) Price includes $70 non-refundable fee. ASQ Certification Prep Resources. Here are the Ap physics homework the homework 4, requirements, experience and exam specifics for How to a good argumentative video, a Certified Calibration Technician. Ap Physics The Homework! Candidates must have worked in a full-time, paid role. Paid intern, co-op or any other course work cannot be applied toward the Best essays, work experience requirement. Candidates must have five years of on-the-job experience in one or more of the areas of the Certified Calibration Technician Body of Knowledge. Candidates who have completed a degree from a college, university or technical school with accreditation accepted by ASQ will have part of the five-year experience requirement waived, as follows (only one of these waivers may be claimed): Diploma from a technical, military, or trade school two years waived Associate degree two year waived Bachelor's degree two years waived Master's or doctorate two years waived. Degrees/diplomas from educational institutions outside the United States must be equivalent to degrees from homework help, U.S. Investissement! educational institutions.

Here are the minimum expectations of a Certified Calibration Technician. Will be able to distinguish between base and derived International System units and how to the homework apply, convert, and use them, and will be able to use inspection, measurement, and test equipment (IMTE) to measure various factors. Will understand the principles and hierarchy of How to write a good argumentative, standards and the importance of Ap physics help the homework 4, traceability. Will be able to select appropriate standards to use based on Dissertation statistical public, measurement requirements, equipment availability, and specifications. Will be able to use measurement methods, distinguish between measurement characteristics, and correct for help 4, various error sources. Will be able to apply IMTE specifications and their characteristics, and will understand measurement assurance program (MAP) concepts.

Will know the components of calibration procedures and be able to use common calibration methods, both manual and automated, while complying with regulations and industry practices. Will recognize the impact environment can have on calibration, and will understand calibration and validation processes for IMTE. Will know how to manage records and maintain document control systems that support calibration and measurement systems. Will understand basic measurement uncertainty terms and will be able to understand the steps in developing an uncertainty budget to calculate uncertainty. Will be able to apply technical mathematics and basic statistical techniques in support of these systems. Will be able to distinguish between quality system components and will recognize the methods and tools used to develop, improve, and Amorce review a quality management system, as recommended by various quality standards and guidances. Will be able to Ap physics homework the homework apply quality control tools, identify nonconformances and assess their potential impact, and understand quality auditing processes and document requirements. Essays! Will understand safety requirements, including how to identify potential hazards and when to use personal protective equipment.

The topics in this Body of Knowledge include additional detail in the form of subtext explanations and the cognitive level at which the questions will be written. This information will provide useful guidance for both the Exam Development Committee and Ap physics the homework 4 the candidate preparing to take the exam. Helper State College! The subtext is not intended to limit the subject matter or be all-inclusive of Ap physics the homework 4, what might be covered in an exam. It is meant to clarify the type of content to be included in the exam. The descriptor in parentheses at the end of each entry refers to the maximum cognitive level at which the topic will be tested. A more complete description of cognitive levels is provided at the end of the Amorce investissement, document. Please Note: The new Certified Calibration Technician Body of Ap physics the homework 4, Knowledge will be tested starting with the service public, December, 2017 testing window. Examination results for the December and February pilot examinations will be sent out four to six weeks after you sit for the exam. Compare the Ap physics help 4, current and new CCT BoK. Download the Calibration Technician Body of Knowledge.

ASQ designed these resources to help you get ready to take the exam. Have you already reviewed these items? Choose an Best descriptive essays, exam date below. Review a list of references that provide the basis for the exam questions. These items give you a better idea of the material covered in the exam. The Homework 4! Take an interactive sample exam to receive additional feedback on the questions that appear in the sample exam. Print out the Amorce dissertation, paper-and-pencil sample exam (PDF, 213 KB) to see the actual test format, including instructions and Ap physics homework help the homework 4 test questions from past exams. ASQ offers many books and training opportunities to help you prepare. Need more training options?

ASQ Sections and Best descriptive ASQ Forums/Divisions offer more training opportunities. Each certification candidate is required to Ap physics help the homework 4 pass an examination that consists of multiple-choice questions that measure comprehension of the Body of Knowledge. Computer Delivered - The CCT examination is a one-part, 135- multiple choice question, four-and-a-half-hour exam and Cost management help is offered in English only. 125 questions are scored and 10 are unscored. Paper and Pencil - The CCT examination is a one-part, 125- multiple choice question, four-hour exam and is offered in English only. All examinations are open book with the exception of the constructed response (essay) portion of the CMQ/OE exam.

Each participant must bring his or her own reference materials. Use of reference materials and calculators is explained in the FAQs. To maintain the integrity of your Calibration Technician certification, ASQ requires that you recertify every three years. Find out the steps you need to take for homework the homework, recertification. ASQ certification examinations are delivered by ASQ's testing partner, Prometric. The examination scheduling instructions in your eligibility letter will direct you to a section of Prometric's website, where you can select and schedule your examination date and location.

November 3, 2017. Special Administration Exam Dates. **For a list of dates and locations of ASQ offered Permanent Special Administration sites (paper based exams) please click here.** Late Application Fee: N/A. Late Application Deadline: N/A. With members and helper customers in over 130 countries, ASQ brings together the people, ideas and tools that make our world work better. ASQ celebrates the unique perspectives of our community of members, staff and Ap physics homework the homework 4 those served by Dissertation statistical service public, our society.

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How to Write a Great Business Plan. Every seasoned investor knows that detailed financial projections for a new company are an act of imagination. Nevertheless, most business plans pour far too much ink on the numbers–and far too little on the information that really matters. Why? William Sahlman suggests that a great business plan is one that focuses on a series of questions. These questions relate to the four factors critical to the success of every new venture: the people, the homework the homework 4 opportunity, the context, and the possibilities for both risk and reward. Service! The questions about people revolve around three issues: What do they know?

Whom do they know? and How well are they known? As for opportunity, the homework 4 plan should focus on two questions: Is the market for dissertation, the venture’s product or service large or rapidly growing (or preferably both)? and Is the industry structurally attractive? Then, in addition to demonstrating an help 4, understanding of the context in management, which their venture will operate, entrepreneurs should make clear how they will respond when that context inevitably changes. Finally, the plan should look unflinchingly at Ap physics, the risks the new venture faces, giving would-be backers a realistic idea of Essay state college, what magnitude of Ap physics help the homework 4, reward they can expect and when they can expect it. A great business plan is not easy to compose, Sahlman acknowledges, largely because most entrepreneurs are wild-eyed optimists. Cost Assignment Help! But one that asks the Ap physics the homework right questions is a powerful tool. A better deal, not to mention a better shot at success, awaits entrepreneurs who use it.

Few areas of business attract as much attention as new ventures, and Essay helper zane state college, few aspects of new-venture creation attract as much attention as the business plan. Countless books and articles in Ap physics 4, the popular press dissect the topic. Best Descriptive! A growing number of annual business-plan contests are springing up across the United States and, increasingly, in Ap physics 4, other countries. Amorce Dissertation! Both graduate and undergraduate schools devote entire courses to Ap physics homework help the homework, the subject. Indeed, judging by all the Dissertation service hoopla surrounding business plans, you would think that the only things standing between a would-be entrepreneur and spectacular success are glossy five-color charts, a bundle of meticulous-looking spreadsheets, and a decade of month-by-month financial projections. Nothing could be further from the truth. In my experience with hundreds of entrepreneurial startups, business plans rank no higher than 2—on a scale from 1 to 10—as a predictor of a new venture’s success. And sometimes, in fact, the more elaborately crafted the document, the more likely the venture is to, well, flop, for lack of a more euphemistic word.

What’s wrong with most business plans? The answer is relatively straightforward. Most waste too much ink on numbers and devote too little to the information that really matters to intelligent investors. As every seasoned investor knows, financial projections for a new company—especially detailed, month-by-month projections that stretch out for more than a year—are an act of the homework 4, imagination. An entrepreneurial venture faces far too many unknowns to predict revenues, let alone profits. Moreover, few if any entrepreneurs correctly anticipate how much capital and time will be required to accomplish their objectives. Dissertation Service! Typically, they are wildly optimistic, padding their projections.

Investors know about the padding effect and therefore discount the figures in business plans. These maneuvers create a vicious circle of inaccuracy that benefits no one. Don’t misunderstand me: business plans should include some numbers. But those numbers should appear mainly in the form of a business model that shows the Ap physics homework 4 entrepreneurial team has thought through the key drivers of the University of toronto education venture’s success or failure. In manufacturing, such a driver might be the Ap physics help the homework 4 yield on a production process; in magazine publishing, the anticipated renewal rate; or in software, the impact of using various distribution channels. The model should also address the break-even issue: At what level of sales does the business begin to make a profit? And even more important, When does cash flow turn positive? Without a doubt, these questions deserve a few pages in management assignment, any business plan. Near the Ap physics the homework back. What goes at the front?

What information does a good business plan contain? If you want to speak the language of investors—and also make sure you have asked yourself the right questions before setting out on the most daunting journey of a businessperson’s career—I recommend basing your business plan on the framework that follows. It does not provide the kind of “winning” formula touted by of toronto essay writing some current how-to books and software programs for entrepreneurs. Nor is it a guide to brain surgery. Rather, the Ap physics help the homework framework systematically assesses the four interdependent factors critical to every new venture:

The People. The men and women starting and running the venture, as well as the outside parties providing key services or important resources for it, such as its lawyers, accountants, and Best descriptive, suppliers. The Opportunity. A profile of the business itself—what it will sell and to whom, whether the business can grow and how fast, what its economics are, who and what stand in homework, the way of success. The Context. Essay Zane State College! The big picture—the regulatory environment, interest rates, demographic trends, inflation, and the like—basically, factors that inevitably change but cannot be controlled by the entrepreneur. Risk and Reward.

An assessment of everything that can go wrong and Ap physics help the homework, right, and a discussion of how the University of toronto essay writing education entrepreneurial team can respond. Business Plans: For Entrepreneurs Only? The accompanying article talks mainly about help 4, business plans in a familiar context, as a tool for entrepreneurs. But quite often, start-ups are launched within established companies. Do those new ventures require business plans? And if they do, should they be different from the plans entrepreneurs put together? The answer to the first question is an emphatic yes; the answer to the second, an equally emphatic no. All new ventures—whether they are funded by venture capitalists or, as is the case with intrapreneurial businesses, by shareholders—need to pass the same acid tests. After all, the descriptive essays marketplace does not differentiate between products or services based on who is pouring money into them behind the scenes. The fact is, intrapreneurial ventures need every bit as much analysis as entrepreneurial ones do, yet they rarely receive it. Ap Physics Help! Instead, inside big companies, new businesses get proposed in the form of capital-budgeting requests.

These faceless documents are subject to detailed financial scrutiny and Essay helper state, a consensus-building process, as the project wends its way through the Ap physics homework chain of command, what I call the “neutron bomb” model of project governance. However, in the history of such proposals, a plan never has been submitted that did not promise returns in excess of corporate hurdle rates. It is only after the new business is launched that these numbers explode at the organization’s front door. That problem could be avoided in write conclusion video, large part if intrapreneurial ventures followed the guidelines set out in the accompanying article. For instance, business plans for Ap physics the homework, such a venture should begin with the résumés of all the people involved. Dissertation Statistical Public! What has the team done in the past that would suggest it would be successful in the future, and so on? In addition, the new venture’s product or service should be fully analyzed in terms of its opportunity and context. Going through the process forces a kind of discipline that identifies weaknesses and strengths early on and helps managers address both. It also helps enormously if such discipline continues after the intrapreneurial venture lifts off. When professional venture capitalists invest in new companies, they track performance as a matter of course. But in large companies, scrutiny of a new venture is often inconsistent.

That shouldn’t or needn’t be the case. A business plan helps managers ask such questions as: How is the new venture doing relative to projections? What decisions has the team made in Ap physics homework the homework 4, response to new information? Have changes in the context made additional funding necessary? How could the team have predicted those changes? Such questions not only keep a new venture running smoothly but also help an organization learn from its mistakes and triumphs. Many successful companies have been built with the help of Best essays, venture capitalists. Many of the help the homework underlying opportunities could have been exploited by large companies.

Why weren’t they? Perhaps useful lessons can be learned by studying the world of How to write conclusion video, independent ventures, one lesson being: Write a great business plan. The assumption behind the framework is that great businesses have attributes that are easy to Ap physics the homework 4, identify but hard to assemble. They have an experienced, energetic managerial team from the top to the bottom. The team’s members have skills and experiences directly relevant to the opportunity they are pursuing.

Ideally, they will have worked successfully together in the past. The opportunity has an attractive, sustainable business model; it is possible to create a competitive edge and defend it. Many options exist for expanding the scale and scope of the business, and Dissertation statistical service public, these options are unique to the enterprise and its team. Value can be extracted from the business in a number of ways either through a positive harvest event—a sale—or by Ap physics the homework 4 scaling down or liquidating. The context is favorable with respect to both the education regulatory and homework 4, the macro-economic environments. How To Argumentative Essay Conclusion Video! Risk is understood, and the team has considered ways to mitigate the impact of homework 4, difficult events. In short, great businesses have the four parts of the framework completely covered.

If only a good argumentative essay conclusion reality were so neat. When I receive a business plan, I always read the résumé section first. Not because the Ap physics homework help people part of the Essay helper zane college new venture is the most important, but because without the right team, none of the other parts really matters. I read the résumés of the venture’s team with a list of questions in Ap physics the homework, mind. (See the insert “Who Are These People, Anyway?”) All these questions get at the same three issues about the venture’s team members: What do they know? Whom do they know? and How well are they known? Fourteen “Personal” Questions Every Business Plan Should Answer. Where are the founders from? Where have they been educated?

Where have they worked—and for whom? What have they accomplished—professionally and personally—in the past? What is their reputation within the business community? What experience do they have that is directly relevant to the opportunity they are pursuing? What skills, abilities, and knowledge do they have? How realistic are they about the venture’s chances for success and the tribulations it will face? Who else needs to be on the team? Are they prepared to recruit high-quality people? How will they respond to adversity? Do they have the mettle to make the inevitable hard choices that have to be made? How committed are they to this venture?

What are their motivations? What and whom they know are matters of insight and experience. How familiar are the team members with industry players and dynamics? Investors, not surprisingly, value managers who have been around the help industrial block a few times. A business plan should candidly describe each team member’s knowledge of the new venture’s type of product or service; its production processes; and the market itself, from competitors to homework the homework, customers. It also helps to indicate whether the team members have worked together before.

Not played—as in roomed together in college—but worked . Investors also look favorably on a team that is known because the real world often prefers not to Dissertation statistical service, deal with start-ups. They’re too unpredictable. That changes, however, when the new company is 4, run by people well known to suppliers, customers, and employees. Their enterprise may be brand new, but they aren’t. The surprise element of descriptive essays, working with a start-up is somewhat ameliorated. Finally, the people part of a business plan should receive special care because, simply stated, that’s where most intelligent investors focus their attention.

A typical professional venture-capital firm receives approximately 2,000 business plans per Ap physics year. These plans are filled with tantalizing ideas for new products and services that will change the world and reap billions in the process—or so they say. But the fact is, most venture capitalists believe that ideas are a dime a dozen: only execution skills count. As Arthur Rock, a venture capital legend associated with the formation of investissement, such companies as Apple, Intel, and Teledyne, states, “I invest in people, not ideas.” Rock also has said, “If you can find good people, if they’re wrong about the product, they’ll make a switch, so what good is it to understand the product that they’re talking about in the first place?” Business plan writers should keep this admonition in mind as they craft their proposal. Talk about the people—exhaustively. And if there is nothing solid about their experience and abilities to herald, then the entrepreneurial team should think again about launching the venture. When it comes to help the homework 4, the opportunity itself, a good business plan begins by focusing on Cost management industrial two questions: Is the total market for the venture’s product or service large, rapidly growing, or both?

Is the industry now, or can it become, structurally attractive? Entrepreneurs and investors look for Ap physics homework, large or rapidly growing markets mainly because it is often easier to obtain a share of a growing market than to fight with entrenched competitors for a share of a mature or stagnant market. Dissertation Statistical! Smart investors, in fact, try hard to Ap physics homework help the homework, identify high-growth-potential markets early in their evolution: that’s where the big payoffs are. And, indeed, many will not invest in a company that cannot reach a significant scale (that is, $ 50 million in college, annual revenues) within five years. HBR Guide to Building Your Business Case Ebook + Tools. As for attractiveness, investors are obviously looking for markets that actually allow businesses to make some money. But that’s not the no-brainer it seems. In the late 1970s, the help computer disk-drive business looked very attractive. The technology was new and assignment, exciting. Dozens of companies jumped into the fray, aided by an army of homework help 4, professional investors.

Twenty years later, however, the thrill is gone for managers and investors alike. Disk drive companies must design products to meet the perceived needs of original equipment manufacturers (OEMs) and dissertation, end users. Selling a product to OEMs is complicated. The customers are large relative to Ap physics homework the homework, most of University of toronto essay, their suppliers. There are lots of competitors, each with similar high-quality offerings. Ap Physics Homework Help The Homework 4! Moreover, product life cycles are short and ongoing technology investments high. The industry is subject to write a good essay conclusion, major shifts in technology and Ap physics homework 4, customer needs. Intense rivalry leads to helper zane state college, lower prices and, hence, lower margins. Homework! In short, the disk drive industry is simply not set up to make people a lot of money; it’s a structural disaster area. The information services industry, by contrast, is write a good, paradise. Companies such as Bloomberg Financial Markets and First Call Corporation, which provide data to 4, the financial world, have virtually every competitive advantage on their side.

First, they can assemble or create proprietary content—content that, by essays the way, is like life’s blood to thousands of money managers and stock analysts around the world. And although it is often expensive to Ap physics homework help the homework 4, develop the service and to acquire initial customers, once up and running, these companies can deliver content to zane state, customers very cheaply. Also, customers pay in advance of receiving the service, which makes cash flow very handsome, indeed. In short, the structure of the information services industry is homework help the homework 4, beyond attractive: it’s gorgeous. The profit margins of Bloomberg and First Call put the disk drive business to shame. The Opportunity of Amorce, a Lifetime—or Is It? Nine Questions About the 4 Business Every Business Plan Should Answer. Who is the new venture’s customer?

How does the customer make decisions about buying this product or service? To what degree is the Best descriptive product or service a compelling purchase for the customer? How will the product or service be priced? How will the venture reach all the Ap physics homework the homework 4 identified customer segments? How much does it cost (in time and write essay conclusion video, resources) to acquire a customer?

How much does it cost to produce and deliver the homework the homework product or service? How much does it cost to support a customer? How easy is Cost, it to retain a customer? Thus, the first step for entrepreneurs is to make sure they are entering an Ap physics homework the homework, industry that is large and/or growing, and one that’s structurally attractive. The second step is to make sure their business plan rigorously describes how this is the case. And if it isn’t the case, their business plan needs to specify how the venture will still manage to make enough of a profit that investors (or potential employees or suppliers, for that matter) will want to participate. Once it examines the new venture’s industry, a business plan must describe in detail how the company will build and launch its product or service into the marketplace. Again, a series of questions should guide the of toronto discussion. Ap Physics Help The Homework 4! (See the insert “The Opportunity of a Lifetime—or Is It?”) Often the answers to these questions reveal a fatal flaw in the business.

I’ve seen entrepreneurs with a “great” product discover, for example, that it’s simply too costly to find customers who can and will buy what they are selling. Economically viable access to University essay writing, customers is the key to business, yet many entrepreneurs take the Field of Dreams approach to this notion: build it, and Ap physics homework help 4, they will come. That strategy works in University essay writing education, the movies but is not very sensible in the real world. It is not always easy to answer questions about the likely consumer response to new products or services. The market is as fickle as it is unpredictable. (Who would have guessed that plug-in room deodorizers would sell?) One entrepreneur I know proposed to introduce an electronic news-clipping service. He made his pitch to a prospective venture-capital investor who rejected the plan, stating, “I just don’t think the dogs will eat the dog food.” Later, when the homework the homework entrepreneur’s company went public, he sent the venture capitalist an anonymous package containing an empty can of dog food and a copy of his prospectus. If it were easy to predict what people will buy, there wouldn’t be any opportunities. The market is as fickle as it is unpredictable. Who would have guessed that plug-in room deodorizers would sell? Similarly, it is tough to guess how much people will pay for Best, something, but a business plan must address that topic. Sometimes, the dogs will eat the dog food, but only at a price less than cost.

Investors always look for opportunities for value pricing—that is, markets in which the Ap physics 4 costs to produce the Essay helper zane state college product are low, but consumers will still pay a lot for it. No one is dying to Ap physics homework help the homework 4, invest in a company when margins are skinny. Still, there is money to dissertation investissement, be made in inexpensive products and services—even in commodities. A business plan must demonstrate that careful consideration has been given to the new venture’s pricing scheme. The list of questions about the new venture’s opportunity focuses on Ap physics homework 4 the direct revenues and the costs of producing and marketing a product. College! That’s fine, as far as it goes.

A sensible proposal, however, also involves assessing the business model from a perspective that takes into account the investment required—that is, the balance sheet side of the equation. The following questions should also be addressed so that investors can understand the cash flow implications of Ap physics homework help, pursuing an opportunity: When does the business have to buy resources, such as supplies, raw materials, and people? When does the business have to Cost management assignment help industrial, pay for them? How long does it take to acquire a customer? How long before the customer sends the business a check? How much capital equipment is required to support a dollar of sales? Investors, of course, are looking for the homework, businesses in which management can buy low, sell high, collect early, and pay late. The business plan needs to spell out how close to that ideal the Best essays new venture is Ap physics, expected to come.

Even if the How to argumentative essay conclusion video answer is “not very”—and it usually is—at least the truth is out there to discuss. The opportunity section of a business plan must also bring a few other issues to the surface. First, it must demonstrate and Ap physics the homework, analyze how an opportunity can grow—in other words, how the new venture can expand its range of products or services, customer base, or geographic scope. Often, companies are able to create virtual pipelines that support the economically viable creation of dissertation, new revenue streams. In the publishing business, for example, Inc. magazine has expanded its product line to include seminars, books, and videos about entrepreneurship. Similarly, building on the success of its personal-finance software program Quicken, Intuit now sells software for electronic banking, small-business accounting, and tax preparation, as well as personal-printing supplies and on-line information services—to name just a few of its highly profitable ancillary spin-offs.

Now, lots of business plans runneth over on the subject of the new venture’s potential for growth and expansion. But they should likewise runneth over in explaining how they won’t fall into some common opportunity traps. Homework The Homework! One of those has already been mentioned: industries that are at their core structurally unattractive. But there are others. Industrial! The world of invention, for example, is fraught with danger. Homework! Over the past 15 years, I have seen scores of individuals who have devised a better mousetrap—newfangled creations from inflatable pillows for use on statistical airplanes to automated car-parking systems. Ap Physics Homework Help The Homework! Few of these idea-driven companies have really taken off, however. I’m not entirely sure why. Sometimes, the inventor refuses to spend the money required by or share the rewards sufficiently with the service business side of the company.

Other times, inventors become so preoccupied with their inventions they forget the customer. Whatever the reason, better-mousetrap businesses have an uncanny way of malfunctioning. Another opportunity trap that business plans—and entrepreneurs in Ap physics homework help, general—need to pay attention to is the tricky business of arbitrage. Basically, arbitrage ventures are created to of toronto writing, take advantage of some pricing disparity in the marketplace. MCI Communications Corporation, for instance, was formed to offer long-distance service at a lower price than ATT. Some of the homework help the homework 4 industry consolidations going on today reflect a different kind of arbitrage—the ability to buy small businesses at a wholesale price, roll them up together into a larger package, and Essay helper, take them public at 4, a retail price, all without necessarily adding value in the process.

Whatever the reason, better-mousetrap businesses have an uncanny way of malfunctioning. Taking advantage of arbitrage opportunities is management assignment industrial, a viable and potentially profitable way to enter a business. In the Ap physics homework the homework 4 final analysis, however, all arbitrage opportunities evaporate. Essay Helper! It is not a question of whether, only when. The trick in these businesses is to use the arbitrage profits to Ap physics help, build a more enduring business model, and business plans must explain how and when that will occur. As for competition, it probably goes without saying that all business plans should carefully and thoroughly cover this territory, yet some don’t. That is a glaring omission. For starters, every business plan should answer the following questions about the competition: Who are the new venture’s current competitors? What resources do they control?

What are their strengths and weaknesses? How will they respond to the new venture’s decision to enter the business? How can the new venture respond to its competitors’ response? Who else might be able to observe and exploit the University essay education same opportunity? Are there ways to co-opt potential or actual competitors by forming alliances?

Business is like chess: to be successful, you must anticipate several moves in advance. A business plan that describes an insuperable lead or a proprietary market position is by definition written by naïve people. That goes not just for Ap physics homework 4, the competition section of the business plan but for the entire discussion of the opportunity. All opportunities have promise; all have vulnerabilities. A good business plan doesn’t whitewash the latter. Rather, it proves that the dissertation entrepreneurial team knows the good, the bad, and the ugly that the homework the homework venture faces ahead. Opportunities exist in How to write a good essay conclusion video, a context. At one level is the macroeconomic environment, including the level of Ap physics homework the homework, economic activity, inflation, exchange rates, and interest rates. At another level are the wide range of government rules and regulations that affect the opportunity and how resources are marshaled to exploit it. Examples extend from tax policy to the rules about raising capital for a private or public company.

And at yet another level are factors like technology that define the limits of what a business or its competitors can accomplish. Context often has a tremendous impact on every aspect of the Essay state entrepreneurial process, from identification of opportunity to harvest. In some cases, changes in some contextual factor create opportunity. Ap Physics Homework Help The Homework 4! More than 100 new companies were formed when the airline industry was deregulated in the late 1970s. The context for financing was also favorable, enabling new entrants like People Express to go to writing, the public market for Ap physics homework help the homework, capital even before starting operations. Conversely, there are times when the context makes it hard to start new enterprises. The recession of the early 1990s combined with a difficult financing environment for new companies: venture capital disbursements were low, as was the amount of capital raised in the public markets. (Paradoxically, those relatively tight conditions, which made it harder for new entrants to Dissertation service, get going, were associated with very high investment returns later in the 1990s, as capital markets heated up.) Sometimes, a shift in context turns an unattractive business into an attractive one, and vice versa. Consider the help the homework 4 case of a packaging company some years ago that was performing so poorly it was about to be put on the block. Then came the Tylenol-tampering incident, resulting in multiple deaths.

The packaging company happened to have an efficient mechanism for Amorce, installing tamper-proof seals, and in a matter of weeks its financial performance could have been called spectacular. Homework Help The Homework 4! Conversely, U.S. tax reforms enacted in 1986 created havoc for companies in the real estate business, eliminating almost every positive incentive to of toronto writing education, invest. Many previously successful operations went out of business soon after the new rules were put in place. Every business plan should contain certain pieces of evidence related to context. First, the entrepreneurs should show a heightened awareness of the new venture’s context and Ap physics help, how it helps or hinders their specific proposal.

Second, and a good argumentative essay conclusion video, more important, they should demonstrate that they know the venture’s context will inevitably change and describe how those changes might affect the business. Ap Physics Homework The Homework! Further, the business plan should spell out what management can (and will) do in essay education, the event the context grows unfavorable. Finally, the business plan should explain the Ap physics the homework 4 ways (if any) in conclusion video, which management can affect context in a positive way. For example, management might be able to Ap physics homework help 4, have an impact on regulations or on industry standards through lobbying efforts. The concept that context is fluid leads directly to the fourth leg of the framework I propose: a discussion of risk and How to write essay, how to manage it. I’ve come to think of a good business plan as a snapshot of an event in Ap physics homework help the homework 4, the future. That’s quite a feat to begin with—taking a picture of the unknown. But the best business plans go beyond that; they are like movies of the future.

They show the people, the opportunity, and conclusion video, the context from multiple angles. They offer a plausible, coherent story of what lies ahead. They unfold possibilities of action and reaction. Good business plans, in other words, discuss people, opportunity, and context as a moving target. All three factors (and the relationship among them) are likely to change over time as a company evolves from Ap physics homework 4, start-up to ongoing enterprise. Therefore, any business plan worth the time it takes to write or read needs to focus attention on the dynamic aspects of the entrepreneurial process. When it comes to the matter of risk and reward in a new venture, a business plan benefits enormously from the inclusion of two graphs. Perhaps graphs is the wrong word; these are really just schematic pictures that illustrate the descriptive essays most likely relationship between risk and reward, that is, the relationship between the opportunity and its economics.

High finance they are not, but I have found both of Ap physics help the homework, these pictures say more to investors than a hundred pages of charts and prose. The first picture depicts the amount of money needed to Best essays, launch the help the homework new venture, time to positive cash flow, and the expected magnitude of the payoff. This image helps the investor understand the depth and duration of negative cash flow, as well as the relationship between the investment and the possible return. The ideal, needless to say, is to have cash flow early and often. But most investors are intrigued by the picture even when the cash outflow is high and long—as long as the cash inflow is more so. Of course, since the world of new ventures is Dissertation service, populated by wild-eyed optimists, you might expect the picture to display a shallower hole and a steeper reward slope than it should. It usually does. But to be honest, even that kind of 4, picture belongs in Essay helper zane state college, the business plan because it is a fair warning to investors that the new venture’s team is completely out of touch with reality and should be avoided at all costs.

The second picture complements the first. It shows investors the range of possible returns and the likelihood of achieving them. The following example shows investors that there is a 15 % chance they would have been better off using their money as wall-paper. The flat section reveals that there is a negligible chance of homework help, losing only management assignment industrial a small amount of Ap physics, money; companies either fail big or create enough value to achieve a positive return. The hump in descriptive, the middle suggests that there is a significant chance of earning between 15 % and 45 % in the same time period. And finally, there is a small chance that the initial outlay of cash will spawn a 200 % internal rate of help the homework, return, which might have occurred if you had happened to invest in write a good essay conclusion video, Microsoft when it was a private company.

Basically, this picture helps investors determine what class of investment the business plan is presenting. Is the new venture drilling for North Sea oil—highly risky with potentially big payoffs—or is it digging development wells in Texas, which happens to be less of Ap physics homework help, a geological gamble and probably less lucrative, too? This image answers that kind of essay writing, question. It’s then up to the investors to decide how much risk they want to live with against what kind of Ap physics help the homework, odds. Again, the people who write business plans might be inclined to skew the picture to make it look as if the probability of a significant return is downright huge and the possibility of management, loss is negligible. And, again, I would say therein lies the picture’s beauty. What it claims, checked against the investor’s sense of homework help 4, reality and experience, should serve as a simple pictorial caveat emptor. Of course, the future is hard to predict. Still, it is possible to management industrial, give potential investors a sense of the kind and Ap physics homework 4, class of risk and reward they are assuming with a new venture. All it takes is a pencil and two simple drawings. (See the insert “Visualizing Risk and Reward.”) But even with these drawings, risk is, well, risky. In reality, there are no immutable distributions of outcomes.

It is ultimately the responsibility of Cost management help industrial, management to change the distribution, to increase the likelihood and consequences of Ap physics help the homework, success, and to decrease the likelihood and essays, implications of problems. One of the great myths about entrepreneurs is that they are risk seekers. All sane people want to avoid risk. As Harvard Business School professor (and venture capitalist) Howard Stevenson says, true entrepreneurs want to capture all the Ap physics help reward and give all the assignment help industrial risk to Ap physics homework the homework, others. Amorce! The best business is a post office box to which people send cashier’s checks. Homework The Homework! Yet risk is unavoidable. So what does that mean for a business plan? It means that the investissement plan must unflinchingly confront the risks ahead—in terms of people, opportunity, and context. What happens if one of the new venture’s leaders leaves?

What happens if a competitor responds with more ferocity than expected? What happens if there is a revolution in Namibia, the source of a key raw material? What will management actually do ? Those are hard questions for the homework, an entrepreneur to pose, especially when seeking capital. But a better deal awaits those who do pose them and then provide solid answers. A new venture, for example, might be highly leveraged and therefore very sensitive to interest rates. Dissertation Service Public! Its business plan would benefit enormously by stating that management intends to homework 4, hedge its exposure through the financial-futures market by statistical purchasing a contract that does well when interest rates go up. Homework Help 4! That is the equivalent of offering investors insurance. (It also makes sense for the business itself.)

Finally, one important area in the realm of risk/reward management relates to Dissertation service public, harvesting. Venture capitalists often ask if a company is “IPOable,” by which they mean, Can the homework 4 company be taken public at some point in the future? Some businesses are inherently difficult to take public because doing so would reveal information that might harm its competitive position (for example, it would reveal profitability, thereby encouraging entry or angering customers or suppliers). Some ventures are not companies, but rather products—they are not sustainable as independent businesses. One of the How to a good argumentative video greatest myths about entrepreneurs is that they are risk seekers. All sane people want to avoid risk. Therefore, the business plan should talk candidly about the end of the process. How will the the homework investor eventually get money out of the business, assuming it is successful, even if only marginally so? When professionals invest, they particularly like companies with a wide range of helper, exit options. They like companies that work hard to Ap physics homework help the homework, preserve and enhance those options along the way, companies that don’t, for example, unthinkingly form alliances with big corporations that could someday actually buy them.

Investors feel a lot better about Amorce, risk if the venture’s endgame is discussed up front. There is an old saying, “If you don’t know where you are going, any road will get you there.” In crafting sensible entrepreneurial strategies, just the opposite is true: you had better know where you might end up and have a map for homework help the homework 4, getting there. A business plan should be the essay conclusion place where that map is drawn, for, as every traveler knows, a journey is a lot less risky when you have directions. Once a business plan is written, of course, the goal is to land a deal. That is a topic for Ap physics homework the homework, another article in itself, but I will add a few words here.

When I talk to young (and old) entrepreneurs looking to finance their ventures, they obsess about the valuation and essay writing education, terms of the deal they will receive. Their explicit goal seems to be to minimize the dilution they will suffer in raising capital. Implicitly, they are also looking for investors who will remain as passive as a tree while they go about building their business. On the food chain of investors, it seems, doctors and dentists are best and venture capitalists are worst because of the degree to which the latter group demands control and a large share of the returns. That notion—like the idea that excruciatingly detailed financial projections are useful—is nonsense.

From whom you raise capital is often more important than the terms. New ventures are inherently risky, as I’ve noted; what can go wrong will. When that happens, unsophisticated investors panic, get angry, and often refuse to advance the company more money. Sophisticated investors, by contrast, roll up their sleeves and help the company solve its problems. Ap Physics Homework The Homework 4! Often, they’ve had lots of experience saving sinking ships. They are typically process literate. They understand how to craft a sensible business strategy and a strong tactical plan. They know how to recruit, compensate, and motivate team members. They are also familiar with the Byzantine ins and Essay helper college, outs of going public—an event most entrepreneurs face but once in a lifetime.

This kind of homework help 4, know-how is worth the money needed to buy it. There is an old expression directly relevant to entrepreneurial finance: “Too clever by half.” Often, deal makers get very creative, crafting all sorts of payoff and option schemes. That usually backfires. My experience has proven again and again that sensible deals have the following six characteristics: They do not blow apart if actual differs slightly from plan. They do not provide perverse incentives that will cause one or both parties to behave destructively.

They are written on a pile of papers no greater than one-quarter inch thick. But even these six simple rules miss an important point. A deal should not be a static thing, a one-shot document that negotiates the disposition of a lump sum. Instead, it is Cost, incumbent upon entrepreneurs, before they go searching for Ap physics homework the homework, funding, to think about capital acquisition as a dynamic process—to figure out how much money they will need and when they will need it. How is write a good, that accomplished? The trick is for help the homework, the entrepreneurial team to treat the new venture as a series of experiments. Essays! Before launching the whole show, launch a little piece of it. Homework Help! Convene a focus group to test the product, build a prototype and watch it perform, conduct a regional or local rollout of University of toronto essay education, a service. Such an Ap physics the homework 4, exercise reveals the true economics of the business and statistical public, can help enormously in determining how much money the new venture actually requires and in what stages.

Entrepreneurs should raise enough, and investors should invest enough, capital to help 4, fund each major experiment. Experiments, of course, can feel expensive and risky. But I’ve seen them prevent disasters and University, help create successes. Ap Physics The Homework! I consider it a prerequisite of putting together a winning deal. Among the many sins committed by business plan writers is Essay zane, arrogance. In today’s economy, few ideas are truly proprietary.

Moreover, there has never been a time in recorded history when the supply of capital did not outrace the supply of opportunity. The true half-life of opportunity is decreasing with the passage of time. A business plan must not be an albatross that hangs around the Ap physics neck of the entrepreneurial team, dragging it into University essay writing, oblivion. Instead, a business plan must be a call for action, one that recognizes management’s responsibility to fix what is broken proactively and in real time. Risk is inevitable, avoiding risk impossible. Ap Physics Homework Help! Risk management is the key, always tilting the venture in Best descriptive essays, favor of reward and away from risk. A plan must demonstrate mastery of the entire entrepreneurial process, from identification of opportunity to harvest.

It is not a way to separate unsuspecting investors from their money by hiding the fatal flaw. For in homework 4, the final analysis, the only one being fooled is the entrepreneur. We live today in Cost management help industrial, the golden age of entrepreneurship. Although Fortune 500 companies have shed 5 million jobs in Ap physics homework help 4, the past 20 years, the overall economy has added almost 30 million. Many of Best essays, those jobs were created by help 4 entrepreneurial ventures, such as Cisco Systems, Genentech, and Microsoft. Management Industrial! Each of those companies started with a business plan. Is that why they succeeded? There is no knowing for sure. Ap Physics Homework 4! But there is little doubt that crafting a business plan so that it thoroughly and candidly addresses the ingredients of success—people, opportunity, context, and the risk/reward picture—is vitally important.

In the absence of Cost management assignment help, a crystal ball, in fact, a business plan built of the Ap physics homework help the homework right information and helper college, analysis can only be called indispensable. William A. Sahlman is the Dimitri V. Homework Help 4! D’Arbeloff-MBA Class of Essay helper zane college, 1955 Professor of Business Administration at the Harvard Business School.

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