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Advices for Start-up Businesses
People who want to start a new business often face with the problem of defining what factors to take into account. Although there are some business plan formats and things like business model canvas, some people want to know the things in very simple form. This lecture is to give you very useful knowledge of eight essential factors that you need to consider when you think about starting a new business.This lecture describes the eight essential factors, from considering the types of suitable business to the point when ready for implementation, for those who want to start up their new business.
Strategic Management for entrepreneurs
For entrepreneurs, a business model plays a vital role for any company as it can really shape up the future success of the business. Hence, entrepreneurs and start-up make decision carefully in deciding the business model for their business because it not only aids in acquiring investors and establishing partnerships but also explains how that business will earn revenue. Therefore, this lecture is aimed for every start-up and entrepreneurs to know about the importance of business model for their business.This lecture describes the main factors and important steps of strategic management process for young entrepreneurs who want to start up their own business in the competitive market.
Entrepreneur
Entrepreneurship has an important role to play in the development of a country. Why? A successful innovation of entrepreneurs can improve the living standard, wealth and also create job opportunities of the society. Therefore, entrepreneurs hold a central position in a market economy. This lecture is aimed to share about the entrepreneurship to all of the people who are interested in business.This lecture teaches potential entrepreneur the basic knowledge of entrepreneurship including its definition, characteristics, benefits and attitudes of an entrepreneur and reasons why some businessman chooses to become an entrepreneur.
Challenges for a Start-up Businesses
Starting a new business can lead to personal and financial rewards in the future, but you will likely face a number of challenges when starting out. This lecture is intended to every start-up and entrepreneurs who want to anticipate some of these challenges and be able to overcome them with some careful planning.This lecture proposes the 8 challenges which will be encountered by the start-up businesses and entrepreneurs. They are: 1. Technology 2. Customer services 3. Growth and Survival (monitoring performance) 4. Flexible response to business environment 5. Product Development 6. Finance Management (Cash Flow) 7. Skill and attitudes 8. Decision Making and Problem solving
Popular Business Models
The business model is a plan for the successful operation of a business, identifying sources of revenue, the intended customer base, products, and details of financing. It is at the core of any successful startup because it must have a viable way of making money that is worthy enough for future investment and to sustain itself. Moreover, one of the key moments for the establishment of the company is the moment of choosing the right business model for the startup. Therefore, this lecture is intended to share the popular business models for every startup business and entrepreneur.This lecture is about the popular business models using successful businesses and organizations that will inspire start-up business and entrepreneurs.
Business Model Canvas
Business model canvas is a global standard used by millions of people in companies of all sizes. It can be used to describe, design, challenge, and pivot the business model. Besides, it is a visual chart with elements describing a firm’s or product’s value proposition, infrastructure, customers and finances.Every start-up business and entrepreneurs can learn how they can develop an effective business model for their own businesses. This lecture is composed of (9) elements including: 1. Customer Segments 2. Value Propositions 3. Channels 4. Customer Relationships 5. Revenue Streams 6. Key Resources 7. Key Activities 8. Key Partnerships 9. Cost Structure.
Business Strategy, Business Plan, Business Model
Business Strategy, Business Plan, Business Model
