Entrepreneurship

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Entrepreneurship comes from the French verb 'entreprendre' which means 'To undertake,' is the act and art of being an entrepreneur or one who undertakes innovations or introducing new things, finance and business acumen in an effort to transform innovations into economic goods.”

~ Wikipedia on entrepreneurship


Entrepreneurship[edit]

Teacher: Ville Hanni

Study material: ?

Part of Developing Entrepreneurial Competencies


Starting and developing a business[edit]

So you want to be an entrepreneur..

carefully. It will help clarify your own thoughts about your business idea and help in finding and negotiating financing

Develop a more mature business[edit]

Resource for the enterepreneur[edit]

Resources for the entrepreneur courtesy of GloBBA12.SI study wiki

Entrepreneurship class week 6[edit]

Different ways of becoming an entrepreneur

  1. ) Totally new business with new business idea
  2. ) Acquisition of an existing business
  3. ) w:Franchising ( w:fi:Franchise ) is the practice of using another firm's successful business model. ( Wikipedia )

Types of business ideas:

  1. ) Product idea
  2. ) Service idea
  3. ) Marketing idea
w:Market segmentation ( w:fi:Segmentointi ) is a w:marketing strategy that involves dividing a broad w:target market into subsets of w:consumers who have common needs (and/or common desires) as well as common applications for the relevant goods and services. ( Wikipedia )

A w:risk ( w:fi:Riski ) can be a competitive risk, a technical risk or a w:financial risk.

A w:feasibility analysis is an evaluation and analysis of the potential of the proposed project which is based on extensive investigation and research to give full comfort to the decisions makers. ( Wikipedia )


Entrepreneurship class week 13[edit]

Business idea development process:

  1. ) Idea
  2. ) Analyze markets
  3. ) Solution
  4. ) Figures ( to prove liability )

Entrepreneurship class week 17[edit]

How to get funding?

SME

Large business

A share is a single unit of ownership in a w:corporation, w:mutual fund, or any other w:organization. ( Wikipedia )
An option is a contract which gives the owner the right, but not the obligation, to buy or sell an w:underlying w:asset or instrument at a specified w:strike price on or before a specified date. ( Wikipedia )
A Convertible bond or a convertible note (a convertible debenture if it has a maturity of greater than 10 years) is a type of bond that the holder can convert into shares of w:common stock in the issuing company or cash of equal value, at an agreed-upon price. ( Wikipedia )
  • Equity based loans
  • A w:Public offering is the offering of securities of a company or a similar corporation to the public. ( Wikipedia )
In w:finance, a bond is an instrument of indebtedness of the bond issuer to the holders. It is a debt security, under which the issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay them w:interest (the coupon) and/or to repay the principal at a later date, termed the maturity.

Other stuff

  • w:Hedge funds ( w:fi:Hedgerahasto ) are private, actively managed investment funds. They invest in a diverse range of markets, investment instruments, and strategies and are subject to the regulatory restrictions of their country. ( Wikipedia )