New Venture Creation

This new 7th Edition of New Venture Creation: Entrepreneurship for the 21st Century, is the most heavily revised edition since its existence, yet it still maintains the market defining "Timmons Model of the Entrepreneurial Process." As always, Timmons & Spinelli cover the process of getting a new venture started, growing the venture, and successfully harvesting it. Through text, case studies, and hands-on exercises, this how-to text guides students in discovering the concepts of entrepreneurship and the competencies, skills, tools, and experience to equip students to successfully launch a new venture and recognize entrepreneurial opportunities.The Timmons Model of the Entrepreneurial Process has been updated to include the addition of social, economic, and a hot research topic on environmental sustainability factorsEight new cases and two revised cases have been included to capture the dynamic ups and downs new firms experience over an extended period of time. New cases include October Sky, Indulgence Spa Products, Newland Medical Technologies, Lightwave Technologies, Forte Ventures, The Case of the Bank Loan, Jim Poss, and Maclean PalmerNew Chapter 17, The Family as Enterprise, outlines the significant economic and entrepreneurial contribution families make to communities and countries worldwide, and examines the different roles families play in the entrepreneurial process. The chapter describes the Six Dimensions for Family Enterprising, and provides a model to assess a familyĹźs relative mindset for enterprising, and to identify key issues for family dialogueExamples of entrepreneurs in action, coping with the post-Internet bubble eraIncludes the latest data and updates on the significant changes in the whole new world of capital markets, the economy, and the banking environment that are relevant to entrepreneursChapter 6, The Business Plan, presents a complete business plan guide along with tips, practical advice, and know-how from successful entrepreneurs and investors on the development and presentation of the planStudy questions for each chapter are provided to enable the student to focus on key issues, test their knowledge, and organize important material and insights presented in the chapterMind Stretchers at the end of each chapter pose some thought provoking ideas for readers allowing them to apply the materialThe Venture Opportunity Screening Exercises (VOSE) have been simplified and segmented into discreet exercises that can be used separately or in total. This change allows for maximum flexibility in the syllabus and when counseling individual students or mentoring field study projects