ABSTRACT
There is a commonly held notion that there are four basic factors that are necessary for a successful business start-up venture: a profitable business idea, a thorough business plan, necessary and adequate capital, and a qualified entrepreneur. Creating a viable nanotechnology business, designed to make a profit, is the key objective in the planning and setup of the business. Creating the plan for nanotechnology requires the core group or scientist that wants to take it to investors to detail the information so that the investors can grasp the concept and add their business savvy to commercialize it. Strategy is defined as the actions that management takes to attain the goals of the firm. First-mover advantage for a company is the advantage that it has gained by being the first in the market segment, often allowing it to control the resources that subsequent followers may not be able to match.
