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QUALITY OF ENTREPRENEURS

QUALITY OF ENTREPRENEURS. ENTREPRENEURS ARE . Non-Conformist Risk-taken Flexible Hard-working Goal-setter Enthusiastic Optimistic Resourceful Independent Hard working Strong leader . PASSION FOR WORK . Sense of optimism Sense of purpose Sense of challenge

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QUALITY OF ENTREPRENEURS

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  1. QUALITY OF ENTREPRENEURS

  2. ENTREPRENEURS ARE • Non-Conformist • Risk-taken • Flexible • Hard-working • Goal-setter • Enthusiastic • Optimistic • Resourceful • Independent • Hard working • Strong leader

  3. 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

  4. 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

  5. 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

  6. TYPE OF ENTREPRENEURS • Self-Employed • Team Builders • Inventors • Pattern Multipliers • Economy of Scale Operators • Acquirers • Speculators • Internal Entrepreneurs

  7. BUSINESS PLAN PART I Description of the Business • Products/Services • Unique competitive advantages • Growth opportunities • Goals and objectives

  8. BUSINESS PLAN PART II Production /Operations Plan • Suppliers • Regulations • Layout • Inventory Controls • Equipment

  9. BUSINESS PLAN PART III Marketing Plan • Target Market/Current size and potentials • Industry characteristics and trends • Competitors • Marketing strategies

  10. BUSINESS PLAN PART IV Management Plan • Legal issues • Support systems • Organizational systems • Employee Management

  11. BUSINESS PLAN PART V Financial Plan • Income Estimation • Estimation of costs • Cash flow planning • Personal financial needs • Financing options

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