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Financial Plan
Most of us entrepreneurs hate finance just like what Albert Einstein said “do not worry, we are worse off than you in financial planning”. We are going to make finance as simple as possible. When you finish this chapter you would be having a good understanding on financial plan without getting a degree […]
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In the previous article we looked at the first part of the vehicle which was the team.Now let us look at the next part which is to start the business. What Is A Business? Business is an activity wherein one provides goods or services at a profit. Every business is carried on with this intention […]
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In the previous article we determined the opportunity. You have to make good use of this wonderful opportunity. You cannot do it yourself. You need a vehicle to achieve this. There are two components which are equally important for the success of the opportunity.
The first is the formation of a team. Please let me […]
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In the earlier article we explored how to generate ideas. Now we need to determine the opportunity for the idea. Ideas are not opportunities but they are merely a tool for opportunity. An idea becomes an opportunity only if there is a need or want. The idea must be based on a solution and market […]
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In the last article we explored opportunities areas. Now we are going to explore some tools to arrive at our ideas. Most sources of ideas come from technical or market requirement by universities, companies and individuals. Contrary to belief we often hear from our participants and students that they want to be entrepreneurs but to […]
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As described in the earlier article, fortunately the attractions to become an entrepreneur are becoming much easier especially since there is a shift from a predominantly manufacturing to a service based economy, and due to this, cost and barriers to entry for entrepreneurs have lowered considerably.
Besides service based opportunities other areas entrepreneurs can explore […]
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The field of entrepreneurship was described in 1983 as “an intellectual onion” by a senior faculty member at Harvard Business “You peel it back layer by layer and when you get to the center, there is nothing there, but you are crying.” To avoid this scenario you need to examine yourself if you are prepared […]
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Entrepreneurship is becoming an increasingly popular alternative career choice in the current economic slow down. If you are planning to become an entrepreneur you will not be alone and will have plenty of company.
Many have gone the entrepreneur route due to external factors including layoffs, frustration in their current workplace culture, or need for […]
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