Part One of Entrepreneurship Lecture Notes on Students Enterprise Club at www.studentsenterpriseclub.com.
This is a Study guide for intending Entrepreneurs.
Part One of Entrepreneurship Lecture Notes on Students Enterprise Club at www.studentsenterpriseclub.com.
This is a Study guide for intending Entrepreneurs.
Setting Up a Business in the PhilippinesEastvantage
How easy is it to start up a business in the Philippines. Discover the different legal entities and the government agencies that help you starting a business in the Philippines. Thensee how some made it happen through with 4 short cases studies.
To begin our exploration of entrepreneurship and the environment
To distinguish between business and social entrepreneurs
To distinguish between entrepreneurs and small-business owners
To explain the importance of entrepreneurs for economic growth
To examine the historical development of entrepreneurs and of entrepreneurship
To define entrepreneurship and explore the major schools of entrepreneurial thought
To realise that entrepreneurship is a pathway to freedom
This topic is related to Business, which is Entrepreneurship development. It can refer by any technical & Management students. It is useful for B.Tech and MBA students under BPUT Syllabus 2014
Introduction to entreprenershipunit i to vanandmohandass
Introduction, Meaning Characteristics, Factors, Functions, Types, Challenges, Women Entrepreneurship, MSMEs, Business Plan & Model, Feasibility analysis, etc..
BUSINESS OPPORTUNITY
WHAT IS OPPORTUNITY ?
TYPES OF SITUATIONAL FACTORS
EMERGENCE OF OPPORTUNITY
OPPORTUNITY IDENTIFICATION
OBSERVING CHANGES IN THE ENVIRONMENT
RECOGNIZE PROBLEM AND FIND SOLUTION
BUSINESS OPPORTUNITY AND SELECTION
THINKING MODES
This topic is related to Business, which is Entrepreneurship development. It can refer by any technical & Management students. It is useful for B.Tech and MBA students under BPUT Syllabus 2014
How to design platforms which are the user’s dream come true?
In order to foster successful communication, you have to get to know your client, or rather explore his business model.
The key to your company’s success is knowing a lot about your clients. Knowing what needs the end-users of your services have and how to fulfil them determines your business triumph.
Setting Up a Business in the PhilippinesEastvantage
How easy is it to start up a business in the Philippines. Discover the different legal entities and the government agencies that help you starting a business in the Philippines. Thensee how some made it happen through with 4 short cases studies.
To begin our exploration of entrepreneurship and the environment
To distinguish between business and social entrepreneurs
To distinguish between entrepreneurs and small-business owners
To explain the importance of entrepreneurs for economic growth
To examine the historical development of entrepreneurs and of entrepreneurship
To define entrepreneurship and explore the major schools of entrepreneurial thought
To realise that entrepreneurship is a pathway to freedom
This topic is related to Business, which is Entrepreneurship development. It can refer by any technical & Management students. It is useful for B.Tech and MBA students under BPUT Syllabus 2014
Introduction to entreprenershipunit i to vanandmohandass
Introduction, Meaning Characteristics, Factors, Functions, Types, Challenges, Women Entrepreneurship, MSMEs, Business Plan & Model, Feasibility analysis, etc..
BUSINESS OPPORTUNITY
WHAT IS OPPORTUNITY ?
TYPES OF SITUATIONAL FACTORS
EMERGENCE OF OPPORTUNITY
OPPORTUNITY IDENTIFICATION
OBSERVING CHANGES IN THE ENVIRONMENT
RECOGNIZE PROBLEM AND FIND SOLUTION
BUSINESS OPPORTUNITY AND SELECTION
THINKING MODES
This topic is related to Business, which is Entrepreneurship development. It can refer by any technical & Management students. It is useful for B.Tech and MBA students under BPUT Syllabus 2014
How to design platforms which are the user’s dream come true?
In order to foster successful communication, you have to get to know your client, or rather explore his business model.
The key to your company’s success is knowing a lot about your clients. Knowing what needs the end-users of your services have and how to fulfil them determines your business triumph.
This presentation is based on the top seller book "Business Model Generation" by Alex Osterwalder and Yves Pigneur. This book introduces the Business Model Canvas, the world's leading tool in creating and analyzing business models. This great tool allows you to sketch out your business model visually without starting with a scary business plan.
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I hope you find this beneficial and good luck on your business model ;)
Measuring the Blended Value of Corporate Social Responsibility and Social Ent...Karim Harji
Presentation to the Canadian Evaluation Society Annual Conference, Ottawa, June 2, 2009
Innovative evaluation methods and tools are emerging in the fields of corporate social responsibility (CSR) and social enterprise. The focus of these innovations is the measurement of the “blended value” (financial, social and environmental) that is created by CSR and social enterprise, which is of interest to social investors, “philanthrocapitalists” and governments.
This panel will summarize findings-in-process from ongoing applications in these spheres in Ontario, Ghana and other developing-world settings. There are advantages and challenges in applying “blended value” approaches that the presenters will examine. The panelists will also discuss the implications of these findings for the theory and practice of evaluation.
Cross Industry Collaboration: Creating the enablers for disruptive modelswimdecraene
Information technologies, mature markets, relentless demand for innovation, environmental concerns and the uncertain economy are combining to drive the emergence of new growth scenarios, which are spurring companies to fundamentally rethink their growth strategies.
The vision of an economy as a set of independent industries –each serving its own customers, with its own suppliers and its own innovation chain—is in many ways outmoded. New collaborations are emerging that stretch well beyond historical industrial boundaries, nurtured by mobility, payment systems, open information, energy management and infrastructure development. This new breed of cooperation is all about unlocking synergies and exploring fresh opportunities.
Although in recent years numerous factors have combined to encourage cross-collaboration among different industries, this trend has yet to gain any real traction. The main question is which enablers are missing to spur the development of new cross-industry ecosystems?
New Radical Growth Options by Signals Solution: A Case Study.Ville Tapio
The case company is a very successful oil company, currently more profitable than ever.The recently appointed CEO recognized that the situation is probably not sustainable, as there are some changing trends in the market place that may be a threat to the current favorable position. He had another concern, too; the company was one of the most advanced in technology in its field in the world.The CEO soon realized that the company – because of its favorable market situation – was not cultivating this asset efficiently enough. He noticed that the growth rate was not satisfactory.The CEO made a decision to scan for new growth opportunities and apply the Signals toolset, because it minimized the time and resources needed.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
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RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
The Parable of the Pipeline a book every new businessman or business student ...
business opportunities
1. 4.Introduction
Opportunities can exist on paper or in the form of ideas.
Opportunities usually related to the entrepreneur’s work
experience,hobbies, or social environment.
Opportunities can be found in many ways and in many
places.
Many people see opportunities but only entrepreneur acts
upon them.
2. 4.1 Definition Of Business
Idea And Opportunity
.
business idea is a business concept that results in profits if it is
turned into a tangible product or service.
opportunity also defined as the potential to create something
new that involves change in knowledge, technology, economy,
politics, social, and demographic conditions.
3. 4.2 Sources of business ideas and
opportunities
can be obtained through primary and secondary
sources.
a) primary sources
refer to first-hand data or information
gathered directly through : -
~ observations.
~ experiments.
~ interviews.
~ surveys.
4. Observation
~ data is gathered by observing and recording the
respondent’s actions in activity.
Experiments
- experiments or product sampling is another option.
5. Interviews
- field research covers interviews with customers, suppliers,
competitors, and industry experts.
- interviews conducted in two ways : ~ personal interview
~ telephone interview
Surveys
- refers to the development of a short questionnaire with
respect to the targeted product.
- the questions should be very specific.
6. b) Secondary source
involved gathering data that have already been compiled and are
available.
it is initially conducted for one purpose using existing data
which is :-
~ reliable
~ available references
~ mass media and electronic media
although secondary source relatively inexpensive, they often
become outdated and outmoded, given that they are used for a
purpose other than for which was intended.
7. Reliable existing data
- cab be used by entrepreneur is existing data which is reliable.
- example : information obtained from annual report of companies.
Reference
- an entrepreneur can use reference such as publish information
from then library, internet and so on.
Mass media and electronic media
- advertisement and information in the newspaper, magazines and
internet.
Information on raw materials can be a business opportunity for an
entrepreneur.
8. 4.3 PROCESSING OF REGONIZING,
ANALYSING AND CHOOSING A BUSINESS
OPPORTUNITY
Identifying, analysing, and choosing business opportunities are
essential to determine if the venture can make profits and
sustains its competitiveness.
The opportunity is identify through input from consumers,
business associates, channel members, or technical people
Each opportunity must be carefully screened and evaluated.
Evaluation is the most critical element in the entrepreneurship
process.
9. Process in recognizing, analysing and
choosing business opportunity
e) Matching societal values,
a) Recognizing customer
c) Performing self-assessment community’s response or
needs and wants
people’s acceptance
d) Screening or
b) Analysing or scanning f) Preparing or constructing
choosing business
the environment a business plan
opportunities
demographics,
Industrial linkage Experience Competition
population structure,
income, and taste
Knowledge Legality
Development projects
by the public and
Study on local resouces Fixed capital
private sectors Skills
requirement, working,
capital and growth
Financial ability opportunities
Technological
New government
breakthrough
policies and regulations
Interest Business risk,
financial risk such as
credit, cash liquidy,
Import and export data Mass media and Networking loan and currency
electronic media exchange
10. Recognizing Customer Needs And
Wants
An entreprenuer has to be sensitive in identifying the
needs and wants of customers.
A need is something basic in life.
Wants are something that is more than a basic need.
11. Scanning The Business
Environment
The business environment should be analysed in terms
of :-
~demographics
~local resources
~new government policies and regulations
~data on import and export
~industrial linkage
~development projects by public and private sectors
~technological breakthrough
~sources from mass media and electronic media
12. Demographics
Are the characteristics of people in a population.
If entrepreneur studies the demographic of his customer,
he/she will be in a better position to predict the product or
servis that they will buy.
Needs and wants are based on the structure, income, and taste
of population.
13. Local Resources
Still an abundance of local resources that are
untapped and have the potential to become
investment opportunities.
Fountains and natural attractions at certain location
can be turned into business ideas
14. New Government Policies And
Regulations
An entrepreneur can identify business opportunities
by referring to the existing law and government
regulations.
15. Data on import and export
The continuous increase in the value and quantity of
imported and exported products or services reflect a
potential market at the local and international level.
The same goes for policies on import substitution
industries and export promotion
These issues can be seen as profitable opportunities.
16. Industrial linkage
An entrepreneur can identify the industry that
requires input from other industries.
This will develop linkage among industries of the same
sector or different sectors.
17. Development projects by public
and private sectors
There are various developmental programmes by the
government and firms that have directly or indirectly
opened up business opportunities for entreperneurs.
19. Mass Media And Electronic Media
Can be sources for generating business ideas.
Example : a job advertisement posted by a company foor the
vacancy of sales executive can be consideras a business idea to
the entrepreneur.
20. Performing Self-evaluation
Self-evaluation must be made before making a commitment.
Should be based on the ~ individual’s experience
~ knowledge
~ skills
~ financial ability
~ interest
~ networking ability
21. Experience
An entreperneur runs a business that’s suit his
experience in the profession.
The intelligence to find an opportunity from past
experience can be a way to gain success in business.
Knowledge
Entreperneur has to be equipped with the knowledge
on a operating a business.
22. Skills
Entreperneur must have the necessary skills in
carrying out his job.
Skills usually born from experience and knowledge.
Advantages that is difficult to obtain.
23. Financial ability
Business must be parallel with the financial ability of
the entrepreneur.
Capital is the most basic aspect to think about before
opening up a business.
Start a small business with entrepreneur existing
capital.
Growing business will help the entrepreneur in
securing financing for expansion.
24. Interest
Is an important aspect
Must be taken seriously
It can give self-confidence
Entreperneur will be able to concentrate on his
profession
26. assessing society’s values, community’s
response, or society’s acceptance
Chemistry between a business ideas and the society is
an important aspect that must taken before starting
a business.
Business opportunity must be consistance.
27. choosing a business opportunity
Criteria that must be choose by entrepreneur in
business opportunity is :-
Legality
Competitors
Capital requirement
Risk
Legality
The sugestion of business ideas must be prove by the
law.
28. Competitors
Those who are in the same business
Have a potential to serve the entrepreneur ‘s
customers.
Entrepreneur can identify competitors by asking
customers from his existing business.
Competitors are identify ~ the entrepreneur should
identify the strength and weeknesses of his
competitors in term of organizational terms.
29. Capital requirement
Capital – the amount invested in the company.
Three types of capital :
a) Fixed or permanent capital
Fixed capital is the amount of the capital that been
used to buy the asset of in the company.
30. b) Working capital
Referred to as operating capital
Also known as assets of business that can be used to
supports business operations.
Often used to pay bills and salaries, to buy
inventories and others.
c) Plantation or growth capital
Not related to current business situation.
Used to help small business change its primary
direction.
31. Risk
Define as a period of uncertainly experienced by a
business as a result of unforeseen events which lead
to either poor earnings and resultant failure.
Entrepreneur should be aware of the risks.
32. Risks face by entrepreneur based on the following
aspect :
The level of difficulties in entering the business
field
The size or amount of capital to be invested
The amount of profit that can be gained from
the revenue
The ability and competency of existing
workforce or human resources in managing the
business
Management of energy resources
The product’s potential to penetrate the market
33. Two types of risk :
i. Business risk
ii. Financial risk
i. Business risk
The factors which have the tendency and potential of
adversely affecting a business operation and ultimately its
profitability.
Two types of business risk :
i. controllable ~ can be manage by entrepreneur
ii. Uncontrollable ~ almost impossible to prevent
34. ii. Financial risk
Risk associated with any form of financing
Four categories :
i. Credit risk ~ risk when clearing or settlement of
payments are not made when due.
ii. Liquidity risk ~ risk of insufficient liquid resources to
make all payments on the due date.
iii. Loan risk ~ a form of financing whereby entrepreneur
borrows money as a source of capital to conduct his
business.
iv. Currency exchange risk ~ the high flexibility and changes
in currency value impose a high risk.
35. 4.3.6 Constructing the Business Plan
The final step taken by entrepreneur in recognizing,
analysing and choosing a business opportunity.
36. 4.4 APPROACHES TO SEEKING A
BUSINESS IDEA
There are several approaches of seeking business
ideas
Fulfilling needs and interests
Analysing life problems
Diversifying the usage of goods
Observing changes in the community
Using the latest technology
Observing and establishing a network
37. Fulfilling needs and interests
Ideas for setting up business are found from
an individual’s different needs or interest
that are constantly changing.
Analysing life problems
Problems experienced in life can sometimes
provide a good idea for starting a business if
the enterpreneur thinks creatively
38. Diversifying the usage of goods
Today’s community prefers devices with multi-
purpose usage
The concept of recycling also a source of starting a
business
Observing changes in the
community
Those who are alert with the changes in the
community’s lifestyle
39. Using the latest technology
Changes in technology can change the structure of
the industry and the market
Give’s an entrepreneur the opportunity to innovate his
products and services
Observing and establishing a
network
Create a network at the workplace and make it a
source of innovative ideas
40. 4.5 GUIDLINES IN CHOOSING A
BUSINESS IDEA & opportunity
The guidelines in choosing a business idea or
opportunity are:
Data collection and research
Preparation of a complete business plan
Establishnment of linkages or networks
Funding
Hiring of a workforce if necessary
Confidence and good time management
41. Data collection and research
Entrepreneur collects information as much as possible
pertaining to the business
Carry’s out research in relation to the services, products,
or relevant industries
Methods to produce the output, competitors and obstacles
that might hinder the progress of the business
Reads journals
Attend any gathering of industrial societies to keep
himself informed with latest information
42. Preparation of a complete business
plan
Prepare a complete business plan which includes the
business mission
Establishnment of linkages or
networks
A pontential enterpreneur should develop a lingkage
or network with other enterpreneurs when he starts
his business
Should register as a member in professional clubs
43. Funding
Learn how to obtain funding from friends,family
members financial institutions or the government
Hiring of a workforce if necessary
Is an important asset to succeed in an
enterpreneurial business
Should hire workers only when there is a necessity
44. Confidence and good time
management
Enterpreneur has to have confidence
Manage time wisely so that can balance time between
the business and the family and friends
Should have the added-value to attract customers,
distributors and retailers.