We compared nascent characteristics and behaviors leading to business planning activities in Sweden with the United States (US), examining the effects of institutional pressures exerted in the different countries. We analyzed institutional factors leading 362 Swedish and 347 US entrepreneurs to...

Im vorliegenden Beitrag wird der Einfluss formaler Gründungsplanung mit Hilfe von Businessplänen auf den Gründungserfolg diskutiert. In der Untersuchung der Gewinner von zwei deutschen Businessplan Wettbewerben (Berlin 1996-2004 und NUK Rheinland 1995-2006) konnten jedoch keine signifikant...

Owning and operating your own business can be empowering and exciting. People often state their desire to be an entrepreneur and to someday own their own business. However, it is seldom discussed what kind of business it will be. It is important for every entrepreneur to step back and take an...

Interdisciplinary cooperation among people trained in technical and economic fields has been identified as an important success factor in new venture teams. However, empirical findings also indicate that individuals often refuse to engage in close and trustful relationships with representatives...

This paper presents an entrepreneurial optimal business plan in which optimal consumption and portfolio rules, and optimal exit strategy for an entrepreneur are jointly determined in the presence of undiversifiable idiosyncratic risk. We find that the entrepreneur is more likely to exit from her...

Purpose The goal of this research is to investigate the relationship between two different sets of practices, lean startup and business planning, and their relation to entrepreneurial performance. Design/methodology/approach The authors collected data from 120 entrepreneurs across the US about a...

The interest by consumers in the coffee house industry is sweeping the country. DUNGOG Cafe is positioned to bring this to the Busay Hills, Cebu City area. It is a spot frequented by both locals and tourists for its captivating beauty, cool air, and peaceful vibe. It is also the highest point...

The impact of business planning on performance (survival, growth, profit) of small and medium enterprises (SMEs) has been debated in strategic management and entrepreneurship research for decades. This study clarifies prior inconsistent findings by unbundling the generalized construct of...