dowisadozen

nominal/year>real(take3offduetoinflation)

PE/VC24%*>21%
smallcap18%>15%
s&p500(largecapstockindex)12%>9%
longtermcorp&govtbonds6%>3%
Treasurybills4%>1%(72yrstodouble)
inflation3%

*privateequity/venturecapitalnotnecessarilypublic,sparselyavailable

ruleof72
takepercentanddividetofindyearstodouble

u1u6
official=
u3
,5.5%rateUS

dualmandatefullemployment,stableprices

inflation
Q4.1%,Q3+1.4%

Q4gdp2.2%NOMINAL:2.1%
Q35%NOM:6.4%

remember
:seasonallyadjustedchangeinCPIinlatestmonthJANUARYwas7/10%

 3Qsfromch1
josephshumpadercreativedestruction
byersattractiveventures
5Qsfromch2
opportunitycategorydescriptions
stepstobeanentrepreneur
characteristicsofentrepreneur
executivesummary
parts
examplesofcapabilitypush/opportunitypull
5Qsch3
vision,mission,valueprop
business
model
,strategy
componentsofmissionstatementandbizmodel
companyexamples
byersthinksforstrategies
Alcoa:lowcost
6Qsch4
creatingstrategy
elements
byersformanddecideonstrategy
definestrategy
SWOTanalysisMicrosoft,Walmart,Radioshack,gg
barrierstoentry
sourcesofdistinctivecompetence
5Qsch5
charmatureindustries
firstmoveradvantageexamplesanddisadvantages
characteristicsemergentindustries
5Qsch6
regretvshazard
uncertainty
scalability
scope
networkeffect
metcalf
2Qsch7
elementsofabusinessplan
generalbusinessmodelslikefranchising,leasing
5Qsch8
difftypesofventuresandcharacteristics
familyowned,corp,independent
radicalinnovation
strengthsandweaknessesofthese
strengthofsoleproprietorshipeasytostart,negliability
clusterexamples

 5Qsch9
knowledgemanagement
enhancecompetitiveadvantage
learningorg
intellectualcapital
prototypes(2qs)
entrepreneuriallearningprocess
8Qsch10
partnerships,corporations,LLCs
scorevsccore
raisingcapital
businesseshardestoreasiest
patenttypes
formsofIP
relativestrengthsandweaknessesofdiffpatents
patentvscopyrightvstrademarkvstrade
secret
commonmistakesinlegalmatters
13Qsch11
elementsofmarketingplan
positioningdefine
Apple,Gateway,HP,Toyotaknownforwhat?
fourPs
byerscharacteristicsofinnovation
crossingchasm(3q)
marketsegmentation
5Qsch12
elementsoforganization
traitsofeffectiveleaders
elementsofemotionalintelligence
intellectual,financial,social,humancapital
10Qsch13
credibilitycycle
sourcesoflegitimacy
selectinglocationcriteria
5qsvaluechain
4Qsch14
flexibility
processesandoperations?
saleschannels
valueweb
balancedscorecard

 12Qsch15
motivationsformergers
kindsofmergers
diffhorizontalandvertical
genericglobalstrategies
historicallybigmergersgoodandbad
synergy(2qs)
whycompaniesmerge(jif,nationsbank,compaq)
examplesoftransnationaletc
acquiredfirmrules
10Qsch16
exit
revenuemodels
profitmodels
cashflow
wealthcreation
3QsKevinDebraesLecture
allowsonetogetpatent?
whatcantbepatented?
currentevents
CPI
oil
yieldcurve
dow
ruleof72
u1tou6
dividenddiscountmodel(growthmodel)P0=D1/(riskgrowthrate)
priceattime0,dividendtime1
interestrise,dividendsdecline
interestrise,pricesfall
PEratio
fedreserve100yrsold
10Qsand10Ks?
bullandbearmarkets
termsoftradeinUS,2%10,net30
frictionalunemployment
durablegoodsfluctuatesmoreinbusiness
consumernondurable
gdpequation
c/y~0.7