The second bounce of the ball
Subtitle: turning risk into opportunity
By: Ronald Cohen ; with Terry Ilott
Contributors: Ilott, Terry
Publisher: Weidenfeld & Nicolson; Orion Publishing Group, Limited
Published: 2007
Place of publication: London
Language: eng
Number of pages: 295
ISBN-13: 9780297851479; 9780297851486
Subjects: Risk management; Success in business; Entrepreneurship
Description: "Everyone can see the first bounce of the ball. It is the second bounce that is uncertain. Ronald Cohen, one of the world's leading private-equity investors, argues that the entrepreneur's challenge is to take advantage of that uncertainty: for it is only in situations of uncertainty that substantial gain can be made." "The Second Bounce of the Ball is the distillation of Cohen's 33-year career building Apax Partners into the largest global private-equity firm based in Europe. When he stepped down in 2005, Apax had more than $20 billion under management and offices in eight countries. He draws upon Apax's experience of backing entrepreneurial businesses across the world, among them AOL, Apple, Computacenter, Tommy Hilfiger, Inmarsat, Kabel Deutschland, Calvin Klein, Molnlyke, Panrico, PPL Therapeutics, Q-Cell, Travelex, Waterstone's, Virgin Radio, Vueling and Yell." "The book is required reading for entrepreneurs and all those who are interested in entrepreneurship. It is the essential insider's guide to risk and opportunity."--BOOK JACKET.
Notes: Includes index.

Includes index.
Table of contents: title: Introduction: Exploiting uncertainty is the essence of entrepreneurship -- -- 1.; title: Climbing the North Face: The higher you aim, the higher you go -- -- 2.; title: Fear of failure: You can't learn to swim by exercising on the beach -- -- 3.; title: Calibrating opportunities: If you pick a provincial line, you arrive at a provincial destination -- -- 4.; title: Timing is everything: A second bounce usually follows a change in the trend or in the cycle -- -- 5.; title: Leading a winning team: Adapt your role to the needs of the firm, not the other way round -- -- 6.; title: Smart money: Don't just raise cash, raise your probability of success -- -- 7.; title: Ego, intellect and intuition: Ego is a turbo-charger, not a navigation system -- -- 8.; title: Chance, perseverance and luck: Luck is seldom just a matter of chance -- -- 9.; title: Doing it right: Principles have a cost, but they are always a bargain in the end -- -- 10.; title: Exits and entrances: Succession is a process, not an event.