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Mainstream Entrepreneurship

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by

Sofia Surnameless

on 18 September 2013

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Transcript of Mainstream Entrepreneurship

Mainstream
Entrepreneurship: The Four Steps

STEP 1:
IDENTIFY OPPORTUNITY
STEP 2: SHOW ENTREPRENEURIAL INITIATIVE
STEP 3: DEVELOP
A PLAN
What is Entrepreneurship?
Refers to conceiving an opportunity to offer new or improved goods or services.


OPPORTUNITY to REALITY

OPPORTUNITY

Unmet Needs
Changes in task, macro or international environments
INVEST RESOURCES

to

HIGHER FINANCIAL RETURN
OUTPERFORM COMPETITORS
Lower Costs
Unique Added Value
LIKELIHOOD OF EXHIBITING ENTREPRENEURIAL INITIATIVE
Personality Traits
Life Path Circumstances
HIGH NEED FOR ACHIEVEMENT
HIGH LEVEL OF SELF CONFIDENCE
TRANSITION TIME
PUSH FACTORS
PULL FACTORS
STEP 4: MOBILIZE RESOURCES
SUMMARY
CONCEPT OF THE NEW VENTURE
MANAGEMENT TEAM
OPERATIONS
Benefits:
Ensures Entrepreneurs
Set-up Standards
Win Support
TIMELINE,
PROJECTED PERFORMANCE, & CONTINGENCY PLANS
Brief Description
Identifies the Market
Indicates the Resources
Offers an Appraisal
1. Describes Customers and Other Organizations
2. Describes the Product or Service
Description of Management Team's Experience & Expertise
Information of Basic Management Philosophy
Describes the Resources Required
Along with the Expected Financial Costs
Describes how Resources will be Mobilized
Contains Financial Projections
Describe how Critical Risks will be Managed
ARRANGING THE
REQUIRED FINANCING
CREATING
AND IMPLEMENTING THE ORGANIZATIONAL STRUCTURE
ESTABLISH RELATIONSHIPS WITH
SUPPLIERS
AND STAKEHOLDERS
ACQUIRE
and
MOBILIZE
the
NECESSARY RESOURCES
DEBT FINANCING
Governments also provide resources to support entrepreneurial activity
"Incubators" -- Designed to help particular types of entrepreneurs get started
VENTURE CAPITALIST
EQUITY FINANCING
Entrepreneurs BORROW Money from family, friends, a bank, or other financial institution.

Money must be PAID BACK in the future.
Investors receives SHARES and become PART OWNERS
Company or Individual that INVESTS MONEY in an Organization in exchange for a SHARE of its Ownership and Profits
Full transcript