Transcript Document

QUALITY OF ENTREPRENEURS
ENTREPRENEURS ARE
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Non-Conformist
Risk-taken
Flexible
Hard-working
Goal-setter
Enthusiastic
Optimistic
Resourceful
Independent
Hard working
Strong leader
PASSION FOR WORK
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Sense of optimism
Sense of purpose
Sense of challenge
Sense of ownership whatever
you do
Entrepreneurial success is a highly
collaborative process
KEY INGREDIENTS FOR
ENTREPRENEURSHIP
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Personal characteristics
Technical know-how
Marketable Idea
Contacts for Assistance
Financial Resources
Potential customers
Supportive Life-style
Personal Motivation
Leadership Experience
CREATIVITY
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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
TYPE OF ENTREPRENEURS
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Self-Employed
Team Builders
Inventors
Pattern Multipliers
Economy of Scale Operators
Acquirers
Speculators
Internal Entrepreneurs
BUSINESS PLAN
PART I
Description of the Business
 Products/Services
 Unique competitive advantages
 Growth opportunities
 Goals and objectives
BUSINESS PLAN
PART II
Production /Operations Plan
 Suppliers
 Regulations
 Layout
 Inventory Controls
 Equipment
BUSINESS PLAN
PART III
Marketing Plan
 Target Market/Current size and
potentials
 Industry characteristics and trends
 Competitors
 Marketing strategies
BUSINESS PLAN
PART IV
Management Plan
 Legal issues
 Support systems
 Organizational systems
 Employee Management
BUSINESS PLAN
PART V
Financial Plan
 Income Estimation
 Estimation of costs
 Cash flow planning
 Personal financial needs
 Financing options