This preview shows pages 1–3. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Technology Ventures : From Idea to Opportunity Technology Ventures : From Idea to Opportunity Chapter 17: Summary Summary Budgets are not merely affairs of arithmetic, but in a thousand ways go to the root of prosperity of individuals, the relation of classes, and the strength of kingdoms. William E. Gladstone How do entrepreneurs describe the financial elements of their new venture ? Entrepreneurs build a financial plan to determine the economic potential for their venture. This plan provides an estimate of the potential of the venture. Technology Ventures : From Idea to Opportunity Chapter 17:Table 17.1 Four Steps to Build A Financial Plan 1. The Sales Forecast Time Frame Two or three years Assumptions about sales per customer, number of customers and growth rate of sales Calculation of the sales forecast 2. The Costs Forecast Assumptions about the costs of doing business in the specified time frame...
View Full Document
- Winter '05