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Microsoft PowerPoint - Entrepreneurship - Stanford - 15-05-06 ...

Source: shumans.com
Topic: Entrepreneurship

Sort Desciption: Entrepreneurship Models for Indian Social Venture Projects. May 2006. Entrepreneurship .... Entrepreneurship more challenging in some societies than others ...

Content Inside: Shuman Ghosemajumder Stanford University Management Science & Engineering Entrepreneurship Models for Indian Social Venture Projects May 2006 Entrepreneurship Copyright 2006 Shuman Ghosemajumder Freely distributed under a Creative Commons License 2.5 1. What is entrepreneurship? 2. Building a successful venture 3. Considerations for social ventures Agenda * grain of salt * What is entrepreneurship? Not small business management Not just startups Not just for-profit firms What is entrepreneurship? The pursuit of opportunity beyond the resources you currently control Howard Stevenson Harvard Business School Is the act of creating a new and innovative enterprise Some less than great new ventures. Some less than great new ventures. Building a successful venture The success formula Team Resources Strategy Everyone should be. A team player A hard worker Curious Flexible Good at listening Team the right personalities Team the right personalities Need to have. Personal achievers Salespeople Creative people Managers Domain experts Team the right skills Team the right skills Resources Fundamental issues to address Who is the market? What are their needs? How does this product/service meet these needs? What will they pay? How will they pay? What is the timeline for each stage of the business? What is the long term strategy? Who is your competition? How are you better? Strategy Why write a business plan? To organize clarify and scrutinize your thoughts To facilitate corporate development To attract a talented team To raise any money whatsoever! Strategy business plans Strategy business plans Your business plan is your high-level strategic plan as well as your detailed all- purpose sales pitch Team Personalities: what are your personality types (values style etc.)? Interests: what are you interested in? Experience: what experience do you have? Resources IP and goods: what does the business own? Cash: how much cash do you ha ...

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