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Thursday, November 24, 2011

Book Review: New Venture Creation

New Venture Creation: Entrepreneurship for the 21st Century by Jeffry Timmons & Stephen Spinelli was the prescribed text for my elective course on Entrepreneurship. Frankly speaking, the case studies, class notes and discussions were more than enough for the course. Since I like reading books, I made sure that I read the book even if it is after the exams :)

To be short, a nice book covering all aspects that one should know with respect to starting one's own company. The most interesting things that I liked in this book were the exercises that help you to understand yourself how much ready are you to start on own. I agree these exercises require at most patience to complete and guidance; but they were worth doing!

More than the chapters, the cases and appendices were more helpful. At times, the book goes well into a theoretical format which is of no use for practical purposes.

Also, I felt the chapters on Financing and Venture Capital could have included more details. For a course, it is a nice book; but can't be a ready reckoner for practical purposes! Also I didn't find a companion site or a web site from which I can download the exercises and templates. If any of you find it, please comment!