This document discusses action-oriented entrepreneurship and ethics in business. It provides characteristics of entrepreneurship, emphasizes taking action over just concepts or talk, and discusses the importance of ethical business practices. It also outlines components of an effective business plan, including mission, strategies, financial projections, and supporting documents.
12. 8 HABITS of highly effective people Proactive. Originated from the tip of your mindend of mind. First thing first and distinguish between essential and urgently.Win-win thinking. Understood to be comprehended.Synergy. Sharpening Resilience, Flexibility and Strength. Discovering Uniqueness and Helping Others
13. The Environment for Entrepreneurship Symbol of business tenacity and achievement The pioneers of today’s business successes
14. Statistical Numbers that emphasize the importance of entrepreneurs to the economy. Academic Trends in entrepreneurial research and education. Two Perspectives on Entrepreneurship
15. Provides an annual assessment of the entrepreneurial environment of 40 countries. Latest GEM study: the U.S. outranks the rest of the world in important entrepreneurial support. The Global Entrepreneurship Monitor Effects of Entrepreneurship
16. “Entrepreneurs are leading the growth” Entering and expanding existing markets. Creating entirely new markets by offering innovative products. Increasing diversity and fostering minority participation in the economy.
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18. Set of principles that describe the behavior of the code determines what is good and bad and right or wrong
19. Basic rules or parameters to perform any activity in a way that "acceptable"
20. Reasons for Ethical Conflicts Many interests are dealing with businesses both inside and outside the organization Changes in the values, customs, and norms of society
21. Reason for unethical actions Greedy Differences in work activities by home Lack of basic ethical Survival Dependence with other parties
23. Doing Business Ethically Behave honestly in performing business activities. It covers all aspects of doing business Adhere to the values ‘Walk the Talk’ - significantly consistent between what is done with what was said
25. Structure of Business Plan Mission Business model Strategy Relationship strategy SWOT Analysis
26. Business Plan Document a.k.a Financial Document Why? As quantitative interpretation on what has been stated in the text part of your plan. The financial statements means to look realistically related business with profitability. The financial statements should be checked periodically, measure actual performance against projections, and revise projections accordingly.
27. Types of Financial Documents: Report sources and uses of funds Consolidated pro forma Report the actual performance Analysis of financial statements Summary Fund Requirements Working capital Capital growth Equity growth Use of Funds Report"How can the utilization of loan funds (provide supporting data)"
28. Supporting Documents Resume The financial statements of owners Report credibility (business and personal) Copies of rental agreements Reference letters (business and personal) Business Contracts Legal documents (certification IPR, etc.) Other Documents Organization plan: Business Summary Mission Business model Strategies (activities, sources of income) Strategic relationships SWOT Analysis
29. Song: Natasha Bedingfield ‘If You’re Gonna…’ Kaiser Chiefs ‘Oh My God’ Movie: ‘Wall Street’ (1987) – Business ethics