Business growth and analysis for entrepreneurs
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This document provides an overview of a business growth and analysis workshop. It discusses key topics like the defining words of entrepreneurship, including vision, mission and values. It also defines driving factors for entrepreneurs like opportunity and innovation. The document gives tips for evaluating a business using SWOT analysis and considering market constraints, growth and sustainability. Finally, it outlines things to consider when developing a scale-up strategy, such as financials, procedures, customers and organizational learning.
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SWOT
This document provides information on SWOT analysis including:
- What a SWOT analysis is, how it is used as a planning tool to understand strengths, weaknesses, opportunities, and threats.
- The four elements of a SWOT analysis: strengths, weaknesses, opportunities, threats and examples of each.
- An 8 step process for conducting a SWOT analysis including researching the business/market, listing strengths, weaknesses, opportunities, threats, prioritizing them, and developing strategies.
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Business growth and analysis for entrepreneurs
- 1. Business Growth and Analysis for Entrepreneurs
- 2. This worksheet is based on the Business Growth and Analysis Workshop led by Sana Karray.
- 3. TOPICS 1- WHAT ARE THE KEY WORDS THAT SYMBOLIZE ENTREPRENEURSHIP? 2- KEY DEFINITIONS THAT DRIVE AN ENTREPRENEUR’S ACTIVITIES 3- TIPS FOR EVALUATING YOUR BUSINESS 4- THINGS TO CONSIDER WHEN DEVELOPING A SCALE-UP STRATEGY
- 4. 1- WHAT ARE THE KEY WORDS THAT SYMBOLIZE ENTREPRENEURSHIP? Business opportunity, innovation, proactive, and change maker.
- 5. • Vision: The company’s long-term outlook and goal. • Mission: The purpose of the company. • Values: The moral and behavioral elements of the business. 2- KEY DEFINITIONS THAT DRIVE AN ENTREPRENEUR’S ACTIVITIES
- 6. 3- TIPS FOR EVALUATING YOUR BUSINESS • Use the SWOT matrix: Strength Weakness Opportunities Threats. • Some questions for consideration include: – What are the current market constraints? – What are the growth drivers? – Is my product or service sustainable and accessible? – What are the market and company dynamics? – How to prepare and confront relevant outside forces?
- 7. 3- TIPS FOR EVALUATING YOUR BUSINESS Identify the following to develop a strong business strategy: - Your specific products/services, markets, and clients - Substitute products - Competition - Barriers to entry - Suppliers
- 8. 4- THINGS TO CONSIDER WHEN DEVELOPING A SCALE-UP STRATEGY • Financial considerations • Internal procedures • Your clients/consumers and market • Organizational learning and development
- 9. 4- THINGS TO CONSIDER WHEN DEVELOPING A SCALE-UP STRATEGY • Keeping these ideas in mind will help an entrepreneur focus his or her brainstorming and support the development of a strong growth strategy when it comes time to scale a project or company! Always remember to think about your personal satisfaction and passion with your project, and to have a positive work-life balance!