District Industries centre
Kottayam.
.
Motivation towards
Entrepreneurship.
Entreprenure.
An entrepreneur is some one who starts a new
business, taking on the risks and enjoying the
rewards.
Business.
Business is an organization that provides goods or
services to customers with the aim of making
Profit.
Business.
B- Build.
U-Understanding.
S-Successful.
I- Innovative.
E-Efficient.
S-Strategies.
S-Solutions
CHECK YOUR SKILLS. 10X5
1. Risk.
2. Decision making.
3. Planning.
4. Management & Leadership.
5. Emotional Stability.
8 Core competencies.
1. Persistence.
2. Quality.
3. Information.
4. Punctuality.
5. Efficiency.
6. Planning.
7. Problem solving.
8. Self confidence.
1. Persistence.
Quitters never win and winners never quit.
Persistence is the bedrock upon which any
successful venture is built. The business landscape
is rife with challenges, from unexpected market
shifts to fierce competition. It is the persistent
entrepreneur who navigates these obstacles, learns
from setbacks, and relentlessly pursues their goals.
This unwavering determination fuels innovation
and drives businesses forward, ensuring they
weather storms and emerge stronger.
2. Quality.
The demand for quality is not merely a desirable trait;
it is a non-negotiable imperative.
In a competitive market, businesses must differentiate
themselves by offering products or services that
consistently exceed customer expectations.
This commitment to excellence fosters
customer loyalty,
builds a strong brand reputation,
and ultimately drives long-term growth and
profitability.
3. Information.
In the rapidly evolving business world, information
is power. Successful entrepreneurs are voracious
learners, constantly seeking knowledge about
market trends, customer needs, and industry best
practices. This proactive approach allows them to
make informed decisions, identify new
opportunities, and adapt to changing
circumstances. Staying abreast of the latest
developments ensures a competitive edge and
positions the business for sustained success.
4. Punctuality.
Punctuality is more than just a matter of
etiquette; it is a reflection of professionalism and
respect. Meeting deadlines, honoring
commitments, and valuing others' time fosters
trust and credibility among clients, partners, and
employees. This reliability builds strong
relationships and contributes to a positive and
productive work environment..
5. Efficiency.
Efficiency is the key to maximizing resources and
minimizing waste. By streamlining operations,
identifying inefficiencies, and optimizing
processes, businesses can achieve greater
productivity and profitability. This focus on
efficiency not only reduces costs but also frees up
valuable time and resources that can be invested
in growth and innovation.
6. Planning.
Planning is the strategic framework that guides a
business towards its objectives. By setting clear
goals, outlining a roadmap for achieving them, and
anticipating potential challenges, entrepreneurs
can navigate the complexities of the business
world with greater confidence. This proactive
approach minimizes risks, ensures efficient
resource allocation, and increases the likelihood of
achieving desired outcomes. n.
7. Problem solving.
The ability to effectively solve problems is
paramount in the face of unexpected challenges
and unforeseen circumstances. Successful
entrepreneurs possess a keen analytical mind, the
ability to identify root causes, and the creativity to
develop innovative solutions. This problem-solving
acumen allows businesses to adapt quickly,
overcome obstacles, and capitalize on
opportunities.
8. Self confidence.
Finally, self-confidence is the driving force behind
entrepreneurial success. Believing in one's
abilities, vision, and the potential of the business
is essential to inspire others, make bold decisions,
and navigate the inevitable uncertainties that arise
along the entrepreneurial journey. This inner
conviction provides the resilience and
determination needed to overcome setbacks and
persevere through challenges.
Understand Your business.
1. Impact.
2. Mission.
3. Principles.
4. Vision.
5. Strategy.
6. Goals.
7. Capabilities.
8. Targets
9. Management system.
Business Goal Setting.
1. 1. define Your Vision and Mission * Vision:
Where do you want your business to be in the
long term? (e.g., "To be the leading provider of
sustainable energy solutions.") * Mission: How
will you achieve your vision? (e.g., "By
developing innovative, eco-friendly products
and providing exceptional customer service.")2.
Business Goal Setting.
2. Conduct a SWOT Analysis.
• Strengths: What are your company's internal
advantages?
• Weaknesses: What are your company's internal
disadvantages?
• Opportunities: What external factors could
benefit your business?
• Threats: What external factors could harm your
business?
Business Goal Setting.
Set SMART Goals
• Specific: Clearly define what you want to
achieve.
• Measurable: Use quantifiable metrics to track
progress.
• Achievable: Set realistic and attainable goals.
• Relevant: Ensure goals align with your vision and
mission.
• Time-bound: Set deadlines for achieving each
goal.
Business Goal Setting.
4. Prioritize and Break Down Goals .
Prioritize: Determine which goals are most
important and tackle them first.
Break Down: Divide large goals into smaller, more
manageable steps.
Business Goal Setting.
5. Create an Action Plan * Identify Resources:
Determine the resources needed to achieve each
goal (e.g., budget, personnel, technology). *
Develop Strategies: Outline the specific actions
you will take to achieve each goal. * Assign
Responsibilities: Determine who is responsible for
each task.
Business Goal Setting.
6. Monitor Progress and Adjust * Track Progress:
Regularly monitor your progress towards each goal.
* Analyze Results: Evaluate your performance and
identify areas for improvement. * Adjust as
Needed: Be flexible and willing to adjust your
goals and strategies as needed.
Business Goal Setting.
7. Celebrate Successes * Recognize Achievements:
Acknowledge and celebrate your team's
accomplishments. * Maintain Motivation: Positive
reinforcement helps keep everyone motivated and
focused.Example: * Vision: To be the most trusted
provider of online education. * Goal: Increase
student enrollment by 15% in the next year. * Action
Plan: * Launch a new marketing campaign targeting
specific demographics. * Improve the user
experience on the website. * Offer new and more
affordable course options.By following these steps,
you can set effective business goals that drive
growth and success..

BUSINESS ONE.pptx James Josedph Adhikarathil

  • 1.
  • 2.
    Entreprenure. An entrepreneur issome one who starts a new business, taking on the risks and enjoying the rewards.
  • 3.
    Business. Business is anorganization that provides goods or services to customers with the aim of making Profit.
  • 4.
  • 5.
    CHECK YOUR SKILLS.10X5 1. Risk. 2. Decision making. 3. Planning. 4. Management & Leadership. 5. Emotional Stability.
  • 6.
    8 Core competencies. 1.Persistence. 2. Quality. 3. Information. 4. Punctuality. 5. Efficiency. 6. Planning. 7. Problem solving. 8. Self confidence.
  • 7.
    1. Persistence. Quitters neverwin and winners never quit. Persistence is the bedrock upon which any successful venture is built. The business landscape is rife with challenges, from unexpected market shifts to fierce competition. It is the persistent entrepreneur who navigates these obstacles, learns from setbacks, and relentlessly pursues their goals. This unwavering determination fuels innovation and drives businesses forward, ensuring they weather storms and emerge stronger.
  • 8.
    2. Quality. The demandfor quality is not merely a desirable trait; it is a non-negotiable imperative. In a competitive market, businesses must differentiate themselves by offering products or services that consistently exceed customer expectations. This commitment to excellence fosters customer loyalty, builds a strong brand reputation, and ultimately drives long-term growth and profitability.
  • 9.
    3. Information. In therapidly evolving business world, information is power. Successful entrepreneurs are voracious learners, constantly seeking knowledge about market trends, customer needs, and industry best practices. This proactive approach allows them to make informed decisions, identify new opportunities, and adapt to changing circumstances. Staying abreast of the latest developments ensures a competitive edge and positions the business for sustained success.
  • 10.
    4. Punctuality. Punctuality ismore than just a matter of etiquette; it is a reflection of professionalism and respect. Meeting deadlines, honoring commitments, and valuing others' time fosters trust and credibility among clients, partners, and employees. This reliability builds strong relationships and contributes to a positive and productive work environment..
  • 11.
    5. Efficiency. Efficiency isthe key to maximizing resources and minimizing waste. By streamlining operations, identifying inefficiencies, and optimizing processes, businesses can achieve greater productivity and profitability. This focus on efficiency not only reduces costs but also frees up valuable time and resources that can be invested in growth and innovation.
  • 12.
    6. Planning. Planning isthe strategic framework that guides a business towards its objectives. By setting clear goals, outlining a roadmap for achieving them, and anticipating potential challenges, entrepreneurs can navigate the complexities of the business world with greater confidence. This proactive approach minimizes risks, ensures efficient resource allocation, and increases the likelihood of achieving desired outcomes. n.
  • 13.
    7. Problem solving. Theability to effectively solve problems is paramount in the face of unexpected challenges and unforeseen circumstances. Successful entrepreneurs possess a keen analytical mind, the ability to identify root causes, and the creativity to develop innovative solutions. This problem-solving acumen allows businesses to adapt quickly, overcome obstacles, and capitalize on opportunities.
  • 14.
    8. Self confidence. Finally,self-confidence is the driving force behind entrepreneurial success. Believing in one's abilities, vision, and the potential of the business is essential to inspire others, make bold decisions, and navigate the inevitable uncertainties that arise along the entrepreneurial journey. This inner conviction provides the resilience and determination needed to overcome setbacks and persevere through challenges.
  • 15.
    Understand Your business. 1.Impact. 2. Mission. 3. Principles. 4. Vision. 5. Strategy. 6. Goals. 7. Capabilities. 8. Targets 9. Management system.
  • 16.
    Business Goal Setting. 1.1. define Your Vision and Mission * Vision: Where do you want your business to be in the long term? (e.g., "To be the leading provider of sustainable energy solutions.") * Mission: How will you achieve your vision? (e.g., "By developing innovative, eco-friendly products and providing exceptional customer service.")2.
  • 17.
    Business Goal Setting. 2.Conduct a SWOT Analysis. • Strengths: What are your company's internal advantages? • Weaknesses: What are your company's internal disadvantages? • Opportunities: What external factors could benefit your business? • Threats: What external factors could harm your business?
  • 18.
    Business Goal Setting. SetSMART Goals • Specific: Clearly define what you want to achieve. • Measurable: Use quantifiable metrics to track progress. • Achievable: Set realistic and attainable goals. • Relevant: Ensure goals align with your vision and mission. • Time-bound: Set deadlines for achieving each goal.
  • 19.
    Business Goal Setting. 4.Prioritize and Break Down Goals . Prioritize: Determine which goals are most important and tackle them first. Break Down: Divide large goals into smaller, more manageable steps.
  • 20.
    Business Goal Setting. 5.Create an Action Plan * Identify Resources: Determine the resources needed to achieve each goal (e.g., budget, personnel, technology). * Develop Strategies: Outline the specific actions you will take to achieve each goal. * Assign Responsibilities: Determine who is responsible for each task.
  • 21.
    Business Goal Setting. 6.Monitor Progress and Adjust * Track Progress: Regularly monitor your progress towards each goal. * Analyze Results: Evaluate your performance and identify areas for improvement. * Adjust as Needed: Be flexible and willing to adjust your goals and strategies as needed.
  • 22.
    Business Goal Setting. 7.Celebrate Successes * Recognize Achievements: Acknowledge and celebrate your team's accomplishments. * Maintain Motivation: Positive reinforcement helps keep everyone motivated and focused.Example: * Vision: To be the most trusted provider of online education. * Goal: Increase student enrollment by 15% in the next year. * Action Plan: * Launch a new marketing campaign targeting specific demographics. * Improve the user experience on the website. * Offer new and more affordable course options.By following these steps, you can set effective business goals that drive growth and success..