Intro Flashcards
Who are enterpreneurs
These are individuals who organize, operate and assume the risk associated with a business venture they establish in pursuit of an opportunity they have identified.
Profile of enterpreneurs
Good observers
Creative
People person
Dissatisfied
Passionate
Positive thinkers
Restless
Types of enterpreneurs
Necessity ENT
Opportunity driven
Social ent
Who are the neccessity entreprenuers
These are people who have the resources and are looking for what to do with it
Who are the opportunity driven entreprenuers
These are people who have identified an opportunity and are ready to explore it irrespective of the resources at hand.
Who are the social entreperenuers
These are people who want to leave the world a better place than how they met it.
Who are the person centric entrepreneurs
These are people who have all the ideas and are ready to die with everything
Who are vision centric entrerpreneurs
These are people who have all the vision and ideas and are ready to share it, entrich it in those who have similar mindset, prepared to share the risk and rewards associated with it and everyone wins
What are basic six steps of ENT process
Spot the GAP
Generate ideas to meet the gap
Evaluate venture opportunity in Biz Concept
Develop a plan
Implement the plan but be flexible
Applause and modify where necessary.
Things to consider when evaluating venture opportunity in business concept
Profitability of the business
Competition
location
barriers
Budget
Things to consider when developing a plan
Vision strategy
Tech plan
financial plan
market plan
