The document covers various aspects of entrepreneurship, including the importance of innovation, business models, and financial planning. It emphasizes the need for a comprehensive business plan, addressing market and consumer behaviors, effective communication with investors, and the development of a strong management team. Key considerations for creating an electronic product and an effective business strategy are outlined, such as interface design, security, scalability, and workflow.

1. ArabNet 2010 Cairo WorkshopOmar SoudodiGM of Souq.com Egypt

2. Every innovation starts with a dream

3. The internet today

4. Factors of production Entrepreneurship Land=Technology Capital Labor=Management team

5. Entrepreneur, is a French English word meaning "one who undertakes an endeavor". Entrepreneurs assemble resources including activity innovations, finance and business acumen in an effort to transform innovations into economic goodsResources Innovation Finance Business Acumen Transform it into a business

6. Innovation

7. Innovation

8. Product DefinitionDegrees of digitization:The Product (Service)Partial Electronic product areasPure Electronic productDelivery AgentVirtual ProductThe ProcessElectronic ProductTraditional Product or serviceVirtual ProcessPhysical productElectronic ProcessPhysical ProcessVirtual PlayerPhysical AgentElectronic Agent

9. Product AnalysisSocial Media Implementations Analysis Stage & Information Architecture Design Criteria for an electronic interface NavigationEasy for visitors to find their way around your applicationConsistency The look & feel consistent from page to page? Performance How long does it take for page to appear? Appearance Is the site aesthetically pleasing? Quality Assurance Does the site algorithm work properly? Interactivity Does the applicationencourage the user to play continue? Security Does the customer feel safe while using the application? Privacy Is customer information protected? Scalability Will the application increased usage will be supported by the initial infrastructure and is it upgradeable? WorkflowStartfinishBusiness Process EngineeringProcess ArchitectureCustomized for variousUsers and marketsBusinessPartnerEmployeesVendor/SupplierConsumerTarget B Target A

10. Business Acumen

11. Business Acumen-DefinedIs a concept pertaining to a person's knowledge and ability to make profitable business decisions. Research: Market Behavior

12. Consumer Behavior

13. Trends in that particular sector Putting the business plan together: Executive Summery (wait until the end to draft it)

14. Finalize table of contents Business Plan tips Don’t use business Jargon

15. Don’t be trite; keep repeating yourself

16. Keep some information back so you have something to talk about when you meet potential investors

17. Preempt by incorporating all the challenges and weaknesses of your model and tell investors your plans about tackling those challenges

18. Develop an elevator pitch (two minutes or less) you never know when you will meet the right investor and how much time you have to pitch the idea to

19. Develop a dynamic timeline and keep updating it

20. Keep business plan short and sweet no one has time to read a 100 page document Financials

21. Financials Financial Modeling www.docstoc.com (Validated assumptions)

22. Financial Projections (five years)

23. Breakeven point

24. Burn Rate

25. Evaluate your idea if possible : Discounted cash flow or benchmark (if any)

26. Traction (survey target audience) How to talk to investors know your numbers-trust me they will quiz you

27. Don’t take it personal they will punch wholes in your plan and numbers “its their job”

28. Success ratio is less than 1%

29. Swimming with Sharks

30. Manage your expectations but don’t give the store away Resources

31. Management Team Investors invest in people not paper or ideas

32. Competency Matrix and gather your team accordingly

33. Level of involvement Advisory board Identify various professionals in different areas of your business to help you while your putting the business plan together

34. Can make introductions to key individuals in your sector

35. Name association gives your business plan weight Putting it together

36. You ‘re it

37. You are going to feel every emotion possible

38. Putting it together Business Model Business Plan Research Executive Summery

39. Background

40. Market Trends

41. Business Case

42. Five years projections (Ac & Cash)

43. Breakeven analysis

44. Timeline

45. Management team

46. Marketing strategy

47. Product architecture Financials Management team Investor relations

48. Q & A