This document contains a training manual for a youth camp on entrepreneurship and management skills. It includes modules on the evolution of entrepreneurship, opportunity identification and selection, and business plans and planning. The modules provide definitions and biblical foundations of entrepreneurship. They discuss generating business ideas, evaluating opportunities, and developing business plans. The document aims to orient youth to business and self-employment through creative and innovative thinking.
Innovation Management - 2 - Types of InnovationJoseph Ho
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- Breakthrough Innovation
- Disruptive Innovation
- Basic Research
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The most important benefit of writing a business plan is all of the learning that accompanies the process. You basically learn to Identify your concept, research the concept and glean a perfect understanding of the industry to which you belong, your competitors and your customers.
It helps you relate with the deep understanding of your Business Model and its drivers
Having grasped all of the information from the process, it helps entrepreneurs to communicate the business opportunity to potential investors / various stakeholders in the most articulate manner. This is a proper guide for understanding business planning.
10 Most Common Myths about EntrepreneushipMara Mentor
Every entrepreneur needs to be true and honest about their startup route, their skills and ability, as well as their strengths and weaknesses.
Entrepreneurs are known to be risk takers, but for the average entrepreneur themselves, they believe non-entrepreneurs are the most risk-aversive people. According to them the safest path is to take control of their own lives, to construct their own world, and not be dependent on anyone. There is something about their stories which makes people uncomfortable.
An economy that supports entrepreneurship, weakens the profession by wrapping it in destructive myths. A great number of social and cultural myths have been formed around the idea of what it really takes to be an entrepreneur.
Entrepreneurship is one of the most important topics to which we should give more attention. Governments have to promote entrepreneurship culture in ordre to boost its economy and eliminate social problems through Social entrepreneurship. The presentation's plan :
I. What is entrepreneurship
II. Why choosing to become entrepreneur ?
III. What are the main steps into entrepreneurship ?
IIII. Why most entrepreneurs fail in business ?
Innovation Management - 2 - Types of InnovationJoseph Ho
4 Types of Innovation
- Sustaining Innovation
- Breakthrough Innovation
- Disruptive Innovation
- Basic Research
Dimensions of Innovation Space
- Product
- Process
- Position
- Paradigm
Entreprenureship - The Business Planning ProcessUkwuaniBarnabas
The most important benefit of writing a business plan is all of the learning that accompanies the process. You basically learn to Identify your concept, research the concept and glean a perfect understanding of the industry to which you belong, your competitors and your customers.
It helps you relate with the deep understanding of your Business Model and its drivers
Having grasped all of the information from the process, it helps entrepreneurs to communicate the business opportunity to potential investors / various stakeholders in the most articulate manner. This is a proper guide for understanding business planning.
10 Most Common Myths about EntrepreneushipMara Mentor
Every entrepreneur needs to be true and honest about their startup route, their skills and ability, as well as their strengths and weaknesses.
Entrepreneurs are known to be risk takers, but for the average entrepreneur themselves, they believe non-entrepreneurs are the most risk-aversive people. According to them the safest path is to take control of their own lives, to construct their own world, and not be dependent on anyone. There is something about their stories which makes people uncomfortable.
An economy that supports entrepreneurship, weakens the profession by wrapping it in destructive myths. A great number of social and cultural myths have been formed around the idea of what it really takes to be an entrepreneur.
Entrepreneurship is one of the most important topics to which we should give more attention. Governments have to promote entrepreneurship culture in ordre to boost its economy and eliminate social problems through Social entrepreneurship. The presentation's plan :
I. What is entrepreneurship
II. Why choosing to become entrepreneur ?
III. What are the main steps into entrepreneurship ?
IIII. Why most entrepreneurs fail in business ?
Becoming an Entrepreneur is the first info graphic book of an ongoing series of books you will actually read. The average person can read these book in roughly one hour . The hope is that the big truths packed into these little books will make them different from the many other books that you would never pick up or would pick up only to quickly put down forever because they are simply too wordy and don't get to the point.
A brief introduction to the Entrepreneurial Mindset and how it is different from the traditional mindset taught to students of traditional business or management programs. I deliver regular courses based on these concepts, and regularly help aspiring and experienced entrepreneurs to put these principles to use in the process of creating new ventures.
A systematic approach to identifying the best startup opportunities. Rather than relying upon luck or inspiration to make an important decision about what you will spend the next several years building, it is important to define a more systematic approach of discovering opportunity (read our philosophy).
Becoming an Entrepreneur is the first info graphic book of an ongoing series of books you will actually read. The average person can read these book in roughly one hour . The hope is that the big truths packed into these little books will make them different from the many other books that you would never pick up or would pick up only to quickly put down forever because they are simply too wordy and don't get to the point.
A brief introduction to the Entrepreneurial Mindset and how it is different from the traditional mindset taught to students of traditional business or management programs. I deliver regular courses based on these concepts, and regularly help aspiring and experienced entrepreneurs to put these principles to use in the process of creating new ventures.
A systematic approach to identifying the best startup opportunities. Rather than relying upon luck or inspiration to make an important decision about what you will spend the next several years building, it is important to define a more systematic approach of discovering opportunity (read our philosophy).
Startup opportunity discovery and evaluation. In this presentation the authors of The Smarter Startup demonstrate a systematic approach to surfacing and evaluating startup ideas to increase likelihood of success. This is product strategy for startups.
These are slides from my talk at Founder Institute's opening session in Finland. They don't work well w/o speech. Quick and dirty. Perhaps the most interesting part is the quick-and-dirty opportunity evaluation framework ... or not. Enjoy!
Entrepreneurial Development Course will strive to provide unique learning experiences based on artifacts, stories and lives from Indian business traditions of ingenuity, resourcefulness and innovation.
Preparing as Entrepreneur and for Entrepreneurship. What does it take to prepare before starting a Business. This presentation can be a preparation starter kit for people looking to start their own venture.
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Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
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This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
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Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
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Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
2. 1 | Y a c a r - Y a c a r a C o n s u l t s
MODULE 1
EVOLUTION OF ENTREPRENEURSHIP
Module objectives
o To understand entrepreneurship
o To understand the biblical foundation for entrepreneurship
o To orient and expose the youth to business and self-employment
Module content
o Definition of entrepreneurship
o Evolution of entrepreneurship (the biblical concept)
o Why entrepreneurship (the biblical perspective)
o Definition of an entrepreneur
o Entrepreneurs in the bible
o Self-employment vs wage employment
o The need for youth entrepreneurship / self-employment
3. 2 | Y a c a r - Y a c a r a C o n s u l t s
1.1 What is entrepreneurship?
i. Entrepreneurship refers to identifying/innovating ideas, product and services;
mobilizing resources; organizing production/service and finally, marketing them with
constant strive for growth and excellence.
ii. The process of identifying opportunities in the market place, arranging the resources
required to pursue these opportunities and investing the resources to exploit the
opportunities for long term gains. It involves creating wealth by bringing together
resources in new ways to start and operate an enterprise.
iii. The processes through which individuals become aware of business ownership then
develop ideas for, and initiate a business.
iv. The art of identifying viable business opportunitiesand mobilisingresources to
convert those opportunities into a successful enterprise through creativity, innovation,
risk- taking and progressive imagination”
Question 1: What are the prevailing key words in the definitions?
1.2 Who is an entrepreneur?
An entrepreneur is any person who creates and develops a business idea and takes the risk of
setting up an enterprise to produce a product or service which satisfies customer needs.
Entrepreneur refers to the person and entrepreneurship defines the process.
Both men and women can be successful entrepreneurs; it has nothing to do with gender.
An entrepreneur is an individual who:
Has the ability to identify and pursue a business opportunity;
Undertakes a business venture;
Raises the capital to finance it;
4. 3 | Y a c a r - Y a c a r a C o n s u l t s
Gathers the necessary physical, financial and human resources needed to operate the
business venture;
Sets goals for him/herself and others;
Initiates appropriate action to ensure success; and
Assumes all or a major portion of the risk
1.3 The biblical foundation of entrepreneurship
The creation of man
Ge 1:28 Then God blessed them, and God said to them, "Be fruitful and multiply; fill the
earth and subdue it; have dominion over the fish of the sea, over the birds of the air, and over
every living thing that moves on the earth. 29" And God said, "See, I have given you every
herb that yields seed which is on the face of all the earth, and every tree whose fruit yields
seed; to you it shall be for food. 30 "Also, to every beast of the earth, to every bird of the air,
and to everything that creeps on the earth, in which there is life, I have given every green
herb for food"; and it was so. 31 Then God saw everything that He had made, and indeed it
was very good. So the evening and the morning were the sixth day.
1.4 The problem:
After God had finished creating all things, he identified a problem. The problem was how the
resources were going to be useful for other purposes. The dominion mandate is the genesis of
“entrepreneurship”.
God is the origin of entrepreneurship.
God is the first entrepreneur.
Adam became the first man to start doing business.
5. 4 | Y a c a r - Y a c a r a C o n s u l t s
1.5 Why entrepreneurship (the biblical perspective)
The purpose of entrepreneurship is to solve man’s problem with God’s given resources.
Christian youth entrepreneurship is needed to solve Ghana’s unemployment problems
1.6 Entrepreneurs in the bible
Adam
Abraham
Noah
Jacob, etc.
1.7 Self-employment vs wage employment
Variables Self-employment Wage employment
i. Income No limit Restricted
ii. Responsibility More Absent
iii. Creativity Unlimited and rewarding Limited and sometimes not
recognised/rewarded
iv. Freedom Unlimited Limited
v. Scope for
implementation
vi. of own thoughts
Full freedom to do so Limited freedom to do so
vii. Satisfaction,
happiness
Available in plenty Scarcely available
viii. Contribution church,
ix. society, nation
Directly and in more
proportion
Indirectly and less proportion
6. 5 | Y a c a r - Y a c a r a C o n s u l t s
MODULE 2
OPPORTUNITY IDENTIFICATION, ANALYSIS AND
SELECTION
- STARTING THE BUSINESS -
Module objectives
To objectives of this module are:
o To generate and identify real business ideas
o To evaluate business ideas
o To convert ideas to opportunities
o To select viable and sustainable business opportunities
o To start their own businesses
Module content
o Ideas vs. opportunities
o Ideas generation
o Opportunity identification
o Opportunity evaluation
o Opportunity selection
o Opportunity implementation
o Sources of fund
7. 6 | Y a c a r - Y a c a r a C o n s u l t s
2.1 What is business?
Businesses are activities that provide goods and/or services in exchange for money or other
goods and services.
2.2 Types of businesses
Designing - buildings, gardens, paths, posters, etc.
Manufacturing or producing - goods like clothing or furniture, or parts of good to be
used by others to make complete goods, such as processing paper to make books
Supply and distribution - moving goods from producer to client
Selling - retailing – buying from a producer or another intermediary business and
selling to the consumer, or wholesaling – buying from a business and selling to other
retailers or repair businesses
Installing - fitting or connecting the product to the customer’s home or business
Repairing - restoring broken or defective goods to working order
Service industries - tourism, information and communication services, leisure
activities, etc.
“Every business is birthed out of an idea which was transformed into an opportunity”
2.3 What is a business idea?
Every business is born from an idea. Idea is the source of every business
“A business idea is a short and precise description of the basic operations of an intended
business.”
A good business starts with a good business idea. Before an idea becomes good for business
it must become an opportunity. A good idea is nothing more than a tool in the hands of an
entrepreneur. Finding a good idea is the first of many steps in the process of converting an
entrepreneur’s creativity into an opportunity.
8. 7 | Y a c a r - Y a c a r a C o n s u l t s
2.4 Generating a business idea
Business ideas are identified through positive, creative thinking. They can come from
different sources such as ideas built on local resources, local needs, local activities, interests
and hobbies.
Before a business begins it goes through two fundamental stages; problem identification and
solution generation.
i. Stage 1: Problem identification
Every business exists to solve a specific problem. Identifying and defining a problem is the
first step in generating a business idea.
How do we identify potential business problems?
Research
Brainstorming
Brain writing
Mind-mapping
Through conversations
Observations, etc.
Reflection - What problems can we identify in our:
a) Homes
b) Schools
c) Neighbourhood / Communities
d) Churches
e) Workplaces
9. 8 | Y a c a r - Y a c a r a C o n s u l t s
ii. Stage 2: Solution generation
Every problem has a solution. The solution to every problem is a potential business idea.
To solve problems, solutions (ideas) must be generated. The process of generating solutions /
ideas is CREATIVITY.
2.5 Evaluating and selecting ideas
Before a problem can be solved, there should be an application of a solution. Prior to
selecting the best from the alternatives, all possible solutions must be evaluated. The best
option must be selected.
The best option becomes a business opportunity.
Not every idea is an opportunity. A good idea does not always translate into an opportunity.
Finding a good idea is the first step in the task of converting an entrepreneur’s CREATIVITY
into an OPPORTUNITY.
For an idea to be an opportunity it must be:
Attractive
Sustainable
Timely
Packaged into a product or service,
Finding good ideas and converting them into opportunities is a conscious, deliberate and
creative process. Business opportunities can arise when entrepreneurs use their skills,
expertise or aptitude to provide a product or service to the market.
10. 9 | Y a c a r - Y a c a r a C o n s u l t s
Business Idea evaluation score sheet
Strongly Disagree 0 1 2 3 4 5 6 7 8 9 10 Strongly Agree
Idea 1 Idea 2 Idea 3
There is a real need for it
All the advantages or benefits of the idea have been
considered
You have the prerequisite skills to implement the idea
The exact problems or difficulties the idea is expected to
solve is known
Immediate or short range gains or results can be
anticipated
The projected returns are adequate
The risk factors acceptable
Faults or limitations have been checked
Customers can afford it
Customers will buy it
The idea can be implemented soon
2.6 Model for Starting a business
Source: Author’s Own Construct
Business problem
identification
Business Idea
generation
Business idea
evaluation
Business idea
conversion
(opportunity)
11. 10 | Y a c a r - Y a c a r a C o n s u l t s
MODULE 3
BUSINESS PLANS AND BUSINESS PLANNING
- MANAGING THE SMALL BUSINESS PART 1 –
Module objectives
To objectives of this module are:
o To understand small business planning
o To understand the types of business plan
o To understand the purpose of business plans
Module content
o Overview of Business planning
o Business plans
o Types of business plans
o Benefits of the various business plans
o Benefits of business planning
12. 11 | Y a c a r - Y a c a r a C o n s u l t s
The content of this module and the remaining 5 modules are intentionally left blank
13. 12 | Y a c a r - Y a c a r a C o n s u l t s
ENTREPRENEURSHIP AND MANAGEMENT SKILLS
MODULE ONE DISCUSSIONS
1. What is entrepreneurship?
2. How did entrepreneurship start?
3. What is the purpose and benefits of entrepreneurship?
14. 13 | Y a c a r - Y a c a r a C o n s u l t s
4. Who is an entrepreneur?
5. What are some of the major differences between self-employment and wage
employment?
15. 14 | Y a c a r - Y a c a r a C o n s u l t s
ENTREPRENEURSHIP AND MANAGEMENT SKILLS
MODULE TWO DISCUSSIONS
1. What is business?
2. What is a business idea?
3. What are the steps in generating business ideas?
4. How can we identify problems to start businesses?
16. 15 | Y a c a r - Y a c a r a C o n s u l t s
5. Where can we identify problems to start a business?
6. Explain a business opportunity?
17. 16 | Y a c a r - Y a c a r a C o n s u l t s
GROUP PROJECT
Identify a business opportunity in and explain why the region should support that
business opportunity.
Use the model that has been learnt
18. Yacar-Yacara Consults
BUSINESS IDEA SELECTION SCORE SHEET
Variables Idea 1 Idea 2 Idea 3 Idea 4
There is a real need for it
All the advantages or benefits of the idea have been considered
You have the prerequisite skills to implement the idea
The exact problems or difficulties the idea is expected to solve is known
Immediate or short range gains or results can be anticipated
The projected returns are adequate
The risk factors are acceptable for start up
Faults or limitations have been checked
Customers can afford it
Customers will buy it
The idea can be implemented soon
TOTAL SCORE
Score on a scale of 1 – 10 for each idea based on the variables. After scoring, sum up all the values and find out the total score for each column.
The column with the highest score is the most likely business opportunity (all things being equal).
Note: You can generate other variables for detailed opportunity analysis.
19. Yacar-Yacara Consults
About the trainer
Kofi Kyeremateng Nyanteng is a researcher, strategist and analyst. Nyanteng is adept in
strategic planning, leadership, business analysis, research and analytics, feasibility studies as
well as investment analysis. As a skilled facilitator, he has organized and facilitated
management and leadership training workshops for organisations in the Private, Non-Profit
and Public sectors in the continent of Africa. As a management services provider to the
National Board for Small Scale Industries (NBSSI), Ghana, Nyanteng has built the capacities
of SMEs in management and leadership.
Nyanteng is the CEO of Yacar-Yacara Consults (Strategy, Research & Analytics and
Training), Ghana, and the current Consumer Engagement Director for X-Culture Alumni
Association, Africa.
Photocopies of this document without written or verbal permission of Kofi Kyeremateng
Nyanteng (Yacar-Yacara Consults) is prohibited