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QUALITY OF ENTREPRENEURS ENTREPRENEURS ARE Non-Conformist Risk-taken Flexible Hard-working...
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Transcript of QUALITY OF ENTREPRENEURS ENTREPRENEURS ARE Non-Conformist Risk-taken Flexible Hard-working...
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QUALITY OF ENTREPRENEURS
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ENTREPRENEURS ARE Non-Conformist Risk-taken Flexible Hard-working Goal-setter Enthusiastic Optimistic Resourceful Independent Hard working Strong leader
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PASSION FOR WORK Sense of optimism Sense of purpose Sense of challenge Sense of ownership whatever you do Entrepreneurial success is a
highly collaborative process
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KEY INGREDIENTS FOR ENTREPRENEURSHIP
Personal characteristics Technical know-how Marketable Idea Contacts for Assistance Financial Resources Potential customers Supportive Life-style Personal Motivation Leadership Experience
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CREATIVITY A new way of thinking about
everything Openness to change Willing to try new things Persistence in seeking possibilities Open to brainstorming ideas Dedication to doing it better Thinking about what you see and hear
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TYPE OF ENTREPRENEURS Self-Employed Team Builders Inventors Pattern Multipliers Economy of Scale Operators Acquirers Speculators Internal Entrepreneurs
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BUSINESS PLAN
PART I Description of the Business Products/Services Unique competitive advantages Growth opportunities Goals and objectives
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BUSINESS PLAN
PART IIProduction /Operations Plan Suppliers Regulations Layout Inventory Controls Equipment
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BUSINESS PLAN
PART IIIMarketing Plan Target Market/Current size and
potentials Industry characteristics and trends Competitors Marketing strategies
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BUSINESS PLAN
PART IVManagement Plan Legal issues Support systems Organizational systems Employee Management
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BUSINESS PLAN
PART VFinancial Plan Income Estimation Estimation of costs Cash flow planning Personal financial needs Financing options
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