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The New Business Road Test: What entrepreneurs and executives should do before writing a business plan
 
 
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The New Business Road Test: What entrepreneurs and executives should do before writing a business plan [Paperback]

John Mullins (Author)
4.8 out of 5 stars  See all reviews (19 customer reviews)

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The New Business Road Test: What entrepreneurs and executives should do before writing a business plan (3rd Edition) The New Business Road Test: What entrepreneurs and executives should do before writing a business plan (3rd Edition) 4.6 out of 5 stars (7)
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Book Description

September 23, 2004 0273663569 978-0273663560
So you have a business idea. How can you assess whether it will work? Whether it is worth backing by investors, and worth backing with your future? The New Business Road Test shows you how to test your idea before writing your business plan. It will help you to make sure that the business "you" build is based on a winning idea, enabling you to invest your time wisley and pitch to investors and customers with confidence. Building on lessons learned by studying numerous entrepreneurs and investors, John Mullins sets out a practical framework for evaluating new business ideas. The book identifies seven domains for the assessment of any market opportunity and guides you through how to test and improve your idea. Above all, it will help you to answer the essential question of whether your idea is worth a business plan and worthy of a successful eneterprise. No budding entrepreneur should leave the day-job or face an investor without having read this book. "The New Business Road Test is a great read: thought-provoking, and not 'business-lite' like so much entrepreneurial advice. It's also digestible for a manager in the thick of things, something many books overlook.The questions John Mullins asks are relevant to new ventures and existing businesses looking to move forward, and this book will help you do just that. " Max Aitken Chief Executive, Ratio One

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Editorial Reviews

Review

"...shows how to road test ideas and opportunities before writing a business plan and improve the chances of winning both customers and capital" Business Monthly, July 03

"...does provide a reality check for anyone poised to jump into a new venture without thinking. Readers will enjoy discovering the nuggets of wisdom embedded in the case studies." Financial Times, July 03

"The New Business Road Test is a great read: thought-provoking, and not 'business-lite' like so much entrepreneurial advice. It's also digestible for a manager in the thick of things, something many books overlook. The questions John Mullins asks are relevant to new ventures and existing businesses looking to move forward, and this book will help you do just that. "   Max Aitken Chief Executive, Ratio One

From the Back Cover

Got an idea for a new business? Take it for a road test to make sure it works.

Most new businesses fail. Why? Because all businesses are not created equal.

No matter how talented you are, no matter how hard you work, no matter how much capital you have, if you haven't given your idea a rigorous, critical examination before starting out you could be on the fast-track to disaster.

Wether you're an entrepreneur starting your own business or an executive developing a new product or service for your company, before you even think about writing a business plan, make sure you've checked the fundamentals. Give your new business a fighting chance.

If you don't want to be a contributor to the business failure statistics, read this book. It will jump-start your business planning and improve your odds.

"This is the book you should read before you even think of starting a new business"

Richard Stutely, author of the Definitive Business Plan

"Less risk = More chance of success. If you want to increase your chance of success, READ THIS BOOK!"

Sinclair Beecham, Co-founder, Pret a manger

If more of the business plans we see were driven by the compelling fundamentals in Jon Mullins' book, there would be many more smiles on both sudes of our table."

Peter Englander, Director, Apax Partners

"Most business plans should have been abandoned before they were written... The good news in all this is that opportunities are not static. They can be shaped in many ways. Potentially fatal flaws are there to be fixed" the new business road test, p.21


Product Details

  • Paperback: 288 pages
  • Publisher: FT Press (September 23, 2004)
  • Language: English
  • ISBN-10: 0273663569
  • ISBN-13: 978-0273663560
  • Product Dimensions: 9.2 x 6.1 x 0.6 inches
  • Shipping Weight: 15.2 ounces (View shipping rates and policies)
  • Average Customer Review: 4.8 out of 5 stars  See all reviews (19 customer reviews)
  • Amazon Best Sellers Rank: #136,324 in Books (See Top 100 in Books)

More About the Author

John Mullins, a veteran of several entrepreneurial ventures, teaches and studies entrepreneurship and the management and financing of rapidly growing businesses at the London Business School, where he is Associate Professor of Management Practice and Chair in Entrepreneurship. He holds an MBA from the Stanford Graduate School of Business and a Ph.D. in Marketing from the University of Minnesota. Mullins formerly served as Walter K. Koch Chair in Entrepreneurship, and Director of Programs in Entrepreneurship and Venture Management at Daniels College of Business, University of Denver. He is also author of Getting to Plan.

 

Customer Reviews

19 Reviews
5 star:
 (17)
4 star:
 (1)
3 star:    (0)
2 star:
 (1)
1 star:    (0)
 
 
 
 
 
Average Customer Review
4.8 out of 5 stars (19 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

24 of 24 people found the following review helpful:
5.0 out of 5 stars A Must Read before plunging into an Entrepreneurial lifestyl, March 23, 2005
By 
This review is from: The New Business Road Test: What entrepreneurs and executives should do before writing a business plan (Paperback)
Everyone likes their own ideas and everyone believes that their own ideas are fool-proof. There's no way to check and grind your idea/business plan before going to actual VCs. Till now the only way to analyze your idea was by going through the 3Fs (Famliy, Friends and Fools).
Here is where 'The New Business Road Test' comes in as a savior. This book has all the ideas/ procedures/ questions/ & guidelines to review and grill your idea to perfection before plunging into the real venture. There are many books out there to tell you HOW to write a business plan, but none to actually analyze your business plan.
The presentation of the book is quite simple to understand and refer to in future. The 'Seven Domain Analysis' diagram really makes it simple to review any idea/plan and term it as feasible or not-feasible.
I read the book before going into my first venture and it made me look at my business plan in a whole different way. I was not only able to identify the loop holes but also the ways i could improve my business plans. Even today while I am lookin at a new venture, I find myself always going back and refering to this book.
Once Read, this book will make a place in your entrepreneurial life. This is a must-read book for entrepreneurs as well as VC aspirants.
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11 of 11 people found the following review helpful:
5.0 out of 5 stars For the novice and expert alike...., November 9, 2004
This review is from: The New Business Road Test: What entrepreneurs and executives should do before writing a business plan (Paperback)
Having launched several major ventures over the past decades, I have learned that careful advance planning and analysis cannot be over-emphasized. Through the years, I have struggled to develop a robust framework to analyze opportunities before investing time and money.

Mullins has beaten me to the task. Full of frameworks and anecdotes, theory and practice. Thorough, logical, insightful, and easy to follow. An excellent roadmap for the novice and expert alike. My three copies are already dog-eared.
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8 of 8 people found the following review helpful:
5.0 out of 5 stars the New Business Road Test, November 8, 2004
This review is from: The New Business Road Test: What entrepreneurs and executives should do before writing a business plan (Paperback)
As an aspiring entrepreneur you are so convinced that your great idea will work that you want to go straight to the business plan. This book gives you the framework and discipline to force yourself to cut your emotional ties with your idea and pick it apart. If your idea still stands after having gone through the rigorous scrutiny described in the book then you have a very strong foundation for taking your idea to the next stage.
An excellent book that I strongly recommend to anybody who has a great idea for a new business, product or service regardless of whether as an entrepreneur or business executive
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