Entrepreneur's Resources To Transform Idea and Pursuit of

Entrepreneur’s Resources to
Transform Idea and Pursuit of

Knowledge
Introduction
• Entrepreneur is an individual who accepts
some sort of risk usually financial in the
pursuit of new ventures.
• Entrepreneurs described as “creative
destructionists” of product and services.
• Being an entrepreneur comes without the
security of a job or any of the perks that a
salaried employee takes for granted.
Business Resources and
Ideas for an
Entrepreneur
• A successful entrepreneur has driven, passion,
energy, and stamina.
• Select a business that excites you, has a low
start-up costs and a simple set-up.
• Put your talent and skill to work on a freelance
business.
• The term “personal services” encompasses a
broad spectrum of services offered to
individuals rather than business.
• Promote your services by collecting
testimonials from past clients and by
letting everyone in your personal network
know of your new business.
• Essential Entreprenuer
Resources
• Small Business Administration
• Score
• Due
• Small Business Development Centers
• International Franchise Association
• BizBuySell
• Microsoft Office 2010
• The Company Corporation
• Patent and Trademark Office
• VentureBeat
• CharityNavigator
• FactFinder
• Fedstats
• IRS Small Businees and Self-Employed
Tax Center
• FindLaw Small Business Center
• Employment Law Information Network
• BuyerZone
• TopTenReviews
• PRLog
• Evernote
• Capturengo
• Vlingo
• FreeDigitalPhotos.net
Factors that Influence
Entrepreneurship
• Creativity- you need to be the original wheels
creator to improve upon a stone cylinder
• Risk Tolerance – rewards rarely comes without
risk.
• Responsiveness – opportunity can leave quickly.
• Leadership –it is up to the entrepreneur to
marshal assets.
• Rights – Intellectual proper law can provide you
with exclusive business rights to your ideas.
Entrepreneurs Control
Resources
• The most basic way to leverage your
resources is through your marketing.
• Crowd funding is an innovative way to
raise capital without having to deal with
lawyers.
• Social media such a Facebook, Twitter,
Pinterest and Google offers unparalleled
ways to reach your costumer and
prospects.
Turn an Idea into a startup:
Begin with a Business
Concept Statement.
When describing his/her ideas, the entrepreneur
should answer the following:
• What is my product/services?
• What does my product/services do?
• Who will buy the product/services?
• Why will they buy the product or services?
• How will be the product/services be promoted or
sold?
• Who are my competitors?
Requirement of
Entrepreneur Network
• An entrepreneur network describe a
group of entrepreneur, who have come
together to share resources and
generally support each other.
• An entrepreneur network is a great
place for new and experience
entrepreneurs. To ask questions and
share ideas.
Develop Economic Idea
for Business
• Entrepreneurs often begin a career by
launching small business.
• Locals and National Government devote
large sums of money to the expansion of
small businesses in a region.
• Private corporations also become involve
with the supporting entrepreneurship
and economic development.
Entrepreneurship Ideas in
Action
• Pursue the passion and interest
• Build positive relationship and reach out when
necessary
• Think about what needs improvement in your
industry
• Keep an open mind
• Have capacity
• Draw inspiration from brands and companies you
respect
• Don’t let the fear of failure hold you back
BECOME AN ENTREPRENEUR
• The benefits of being an entrepreneur are being one’s own
boss and having the freedom and flexibility to directly handle
problems and be creative.
• Entrepreneurship generally means a person can set his or her

own schedule to a certain degree;
Develop a business plan

• Business plan is an integral part of the management of a
financial institution.
• Business plan is an inclusive plan, which is the outcome of

comprehensive planning by the institution’s managers and
management.
The success factors of an entrepreneur
• Money Management
• Planning
• Adaption
Identify and Meet to Market Need

• Entrepreneurs with exciting new ideas are sometimes so
focused on their products or services that they forget about the
customer.
• Before establishing your new enterprise, you will have to

determine who your primary customers are and whether these
customers will be willing to buy your product or services.
Operations management
• Operations management refers to running the day-to-day
operations of a given business.
• Generally, the most complex types of operations management

exist in the manufacturing industry.
Human Resource Management

• Human Resource Management (HRM) is based in the efficient
utilization of entrepreneur to achieve to main goals within an
organization.
• First, is to effectively make use of the talents and abilities of

each employee.
• Along with this, the practice also.

PURSUIT OF KNOWLEDGE
• knowledge is a familarity, awareness or
understanding of someone or
something,such as facts, information,
descriptions, and skills which is acquired
through experience or education by
perceiving, discovering or learning.
Knowledge required to succeed
as an entrepreneur
• basic knowledge of entrepreneurs are
needed at initial stage of running an
enterprises and also during the development
stage.
Fundamental Management
knowledge of entrepreneur
• Creativity • Independence
• Intuition • Cautiousness
• Goal Oriented • Discipline
• Responsibility • Persistence
• Self Confidence • Optimism
• Initiative • Fantacy
Education for small
Entrepreneur
Three types of position needed for running an enterprises:
• technician
• Manager
• Enrepreneur
Information Sheet
The variety Reasons that can result someone becoming
entrepreneur.
• No income Restriction
• leaving the rat race
• Implementing an idea
• Escaping Dysfunctional workplace
• pursuing a passion.
Business skills and knowledge
• all businesses have access to an extensive
pool of knowledge whether this is their
understanding of customer’s needs and the
business environment or the skills and
experience of staff.

Entrepreneur's Resources To Transform Idea and Pursuit of

Uploaded by

Copyright:

Available Formats

Entrepreneur's Resources To Transform Idea and Pursuit of

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Entrepreneur's Resources To Transform Idea and Pursuit of

Uploaded by

Copyright:

Available Formats

Entrepreneur’s Resources to

Transform Idea and Pursuit of

• Entrepreneurship generally means a person can set his or her

Develop a business plan

• Business plan is an inclusive plan, which is the outcome of

Identify and Meet to Market Need

• Before establishing your new enterprise, you will have to

• Generally, the most complex types of operations management

Human Resource Management

• First, is to effectively make use of the talents and abilities of

• Along with this, the practice also.

You might also like