creating idea into opportunity and others

1. ENTREPRENEURIA
L
DEVELOPMENT
1. KASSIMSHERIFF Z
2. G KISHORE
3. HARISH KUMAR
4. RATHANA RAJU
5. IZAS AHAMED
6. SURYA VAMSI

2. TOPIC
 Creating idea into opportunity in
entrepreneur
 Problem’s of innovation and over coming
it
 What is intellectual property and types
 6 reason why it is required to safe guard
intangible assert, WIPO

3. Creating idea into opportunity in
entrepreneur
Many entrepreneur have idea that could
possibly became the next big thing in
business .But most of them do not
convert the idea into opportunity
successfully . It is critical to convert idea
into own and run a successful business
 Assessing the idea
 Converting the idea into a plan

4. Assessing the idea
The first step an entrepreneur should consider is to
assess the idea objectively. This often become
different we are emotionally linked to the concept and
will seldom accept negative criticism for own plans
some basic question like:
 Will the idea financially profitable?
 Will the entrepreneur lean and develop through this idea?
 Is the idea based on an identification need in the market
place?

5. Converting the idea into a plan
The next stage of business is to begin to
write down some of the idea so that it can be
converted into structured business. Plan that
will become the foundation of the business
for the future
Converting the idea into plan requires the
following question to be answered
 what does the product/service offer?
 Who would be the potential customer?
 In the physical area would the entrepreneur offer this
product/service?

6. Problem’s of innovation and over
coming it
5 most important problems face by entrepreneur and
how to overcome them
 Relinquishing another career
 Financial capital
 Leading a team
 Planning the business
 Loneliness

7. What is intellectual property
and types
 INTELLECTUAL PROPERTY
in this 21st century can be referred to as
the century of technology, knowledge and in
fact the regime of intellect. The country’s
ability to translate knowledge into innovation
to gain wealth will determine the future. Thus
the innovation is supposed to be the key to
create knowledge into wealth

8. Types of Intellectual property
Copyrights-
copyright protects a tangible form of
Expression. { book, work of art or music}
 Trademarks-
It is defined as any word , name ,
symbol, or device , or any combination

9. Types of Intellectual property
Patents-
A patent is defined as the grant of a
property right to the inventor, providing the owner
the right to exclude other from making, using
,offering for sale, selling or importing the
invention.

10. Types of Intellectual property
Trade secrets-
A trade secrets is a unique form of
IP in that it does not have a defined time
horizon an issue could remain secret simply
while filing for a patent or it could remain
closely guarded for the lifetime of the firm.
{ coca cola’s recipe}

11. 3 reason why it is required to safe guard
intangible assert, WIPO
 Your Legal monopoly
 A world of goodwill
 Cut the counterfeiting

12. 3reason why it is required to safe guard
intangible assert, WIPO
 Your Legal monopoly
The term monopoly has it better defined meaning in
antitrust laws but as long as your properly engaged in
conduct permitted by patent laws, you are typically
immunized from antitrust laws
 A world of goodwill
you might be thinking I am the sole proprietor or a
small business owner and I don’t have any IP to protect u
could not be more wrong. A name or brand conveys all the
goodwill of your product are service goodwill is term used
in accountancy and law it is intangible assert

13. 3reason why it is required to safe guard
intangible assert, WIPO
 Cut the counterfeiting
A novel and attractive product can be re
produced and commercialized as an
imitation or counterfeit of the original product
IP protection helps deter counterfeiters and
may even stop that counterfeiters product at
the border by means of effective customs
legal action based on those original IP rights