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Pe Unit1 Notes

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HARSHINI RAVVA
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0% found this document useful (0 votes)
150 views41 pages

Pe Unit1 Notes

Uploaded by

HARSHINI RAVVA
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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hroduh on to

élepentONIT-
Pn tastp
wuing a
poes 6aling Oppushunlty ond
"tugatdlua
on

to he akoscs pP
uho ukou Cuslanty und Conhplla
A
nseprenw
pethon oho uols uns buinw s Called an

enkepunws
a

when an ene prunu 8tast a nw buinus, isk

involve s. k the chance looing gpmething


BCaube employe wovkstu ome one ee enkepreneu
wovk
wOYko hemselves, enke pvene uisk mo han employ
hy kould e nkeprencul
The
biggut uwald beCowaing an
enhepuntul is he
Pexwonal fackon thad Come hom having
o make
e
uudow
ou Don plan, buinos de ions hen at
Dn ctheM

Making you Duon ules when you Dwn a bukines, you


at to be yo oon bo
Doing k
yau enieybince the
ajority mat me
that
'oplesves s Spent on wovbng, why not
Spend
doing &ome thun9ou
3 Geating a l ealtt:-Thess nomt to has on

enhe pxune lan Make


enke pruneus le fs
Helpin9 ypu ComenuniyBding an

you make you


ouy
Cownmun ity AoTd a bett place.
hepxuneut Tatbt- a dialinguiakiny qyally as pyane
ee, anyene lan be Come e halol.
Sulmpd eahepuntuk, theu a
a

du ke pethonmlity tra h all Suilund enkepnuneu


have in COmmon
aL(6)
0-RobusB Movk etkie Sutmd
Casd enhepauntuls
o wo alout twoYk enhepuntus
eAkt c. Matt the hme, the
now a

oill be
ne
thevst to atve at the oee 6 4he last lo leave
thet ia Unfinishe d buines, hey oil how
how up
up aat
an
he
oce On Lo uk ends
holidays ovk unI he joh
Compe te.
Thee as the people oho always wOYk on thu mind,ewen
hy all
enjoying heu pekond .
Deep laionwork ette Pakadn 9o hand in hoand.
A takus wovk e t e to Keep the
bwnes
buines Shron9,& ttake

Paion to l motivaled nough o Maintan a


ok e
ood oonk e
Sehol adas Maibs eo
CreahvityCompani ts h t hmve au otn bult em
the
he tld veasvity hei Guators. wit ogghuxive Compe kha
these days, enkepxneus a qorCed to Cone up itt oi9nal
ideas hat d:leunthate theis Companiusom Dtus
Creaki'v?t Con mean thuinking uniga buines ideas.
94 Can alo Come ino play sun indinga alatonship blo
fw o unveladed hungs to Solve
pto blem . a

Mokvated sel-sasleud-A sell- staste docant etle


ot a ovalning to 5 job. Docsnt gve up cad the tit
ignshuggle A l t staiteu docant holdHga
UnHPlt lati.
to
to be dons
be dons
nud
neuds
Sely- stata ome Oone oko ders ohad h e a n h h e
ome
oTHh oud beln9
beln9 askad of tnoutaqd o do ko.
Mhemsel
ftaive on h u Dwn poje Glnd
t challen
get hasd,
a

Cogmle ohen 1hings makh


het help
ht helps hen 9 D as an enheprenuut

buineA Stongel needt


eing-Attuod
asying echonge'plans" Do you
ido an enive proitct
with he too, taking
Ban
'Beng casy 9ping all about qoing
hw
hea Opportunib'es he Cone,
as the Come, not geing Shuck in
hot
a

Cutain nindse & being pelkpeckivetochangu &even


even
Coikcis. Sutiat entepuns lan take a bod huaion
Spin 1 asvund tu thi advantage
Eaga teo Leatn No one nouws ewerthn9. A
buines
neo

docsnt otn hove Sta in év depatment olu to lack


Ondtng. Bt takes time s & kouG to bueld a team.
that
That means enheprenuas need to leain 'eveythin9 om
aCLountn to Maikting9 Romhe

Entrepuns vs Managg
h o is an nkepxunwt An enkepuneul ia one-May
Shous hat uns enuprunasship. Howevx, a pexkon usully
has ome Uniq attu buds that alloo hin to be
Suctus to his ndeayors
Hei sentially an haoY a leader. He hrings
buins ideas to huthon ths tashin2 i s Ventus
0 Tarolabon
.

Gnkepuintu nouwledge
>Buwines
Team Risk Aolelande
Leadesp
A Sutuss entapunul s uually a uponki ble peyon,
He 0Llountable the SnCus ot the olut his
Ven huu, &he takas the uponki ai lily Vuy eiousy
Only one-puon inchalg e, he auo mai ally
e the
a leadex
Leadeukip 9palkies au Dne he main aupreton

enhepuneuwt
oho Mahago
AManagex not an Ouoner an enkuprise.
nsttad h he One that i upon, ble to the
manaaemat .adninisrabo0 a oup people d a
depaltment a n 6ganization,
Hs day- to- day b is to manaqe his employus

enwis he DTganigah on uns moothly


smoothly

A managu must prses some ) the Same 9a bes


as an ehepuneut, &k leaduship, adountali b
dudtve n ete.
must alo be a good manag People,

So uali hu Sueh a Wasmth & empathy a eye


m pett antna Manag
nhepxanut V Manaa
GHupunuu Mona
al pRnt
nantal à
ikavisionaly 4 beatst.
Managuworks o Salaiy 6 de
not hae to bea
touse ony iA
bn
the buines staukng
ideas. 4 Capanding 2. Fo tus on da ly gmodth
3. bwi ne poekonadt
Key mohvalion t
enhupxunen 3. Manoq mokvabion Cames kom th
adevemens powe tHat Come wit i s
jao ion.
4.Reusad Jet all the efors i
roRt he eainsom the enleprul y. Remuntab'on is the Salaly he
draues kom he, lompany.
nhepxan lan be
inptmal & 5.Monagus appDach to we
Cabual
Povblem vey tm
chaladuuhis Gdapzuntuu, Slip
O Creaivy- Ertpn us sually have the tnack to pin doun
a lot ideas &act on them. lot ne Cakai eveydea
evesy dea
ught be ait. But the tapesien Ce obtained isgold. Gukivit,
helps in Cong up
p oitt
oitt nw fdeas &oluions t the pobltnd at
hand & allous One tothunk tke luho
olieh ai out
bex. Bt alo qives an tnupruneu the albil t to deuie
new
produetu ohila pe majket to +he one's he' Calunt ly

Playing in
Proleionabem Í8 a ualty wlich all good enteepunuus

Mut prous
An enriupuneus manneihms behavlor wrth mployus &clentele
pd a long way in oleueloping fhe Cubhse ogansation
Along t l prolenionalu Come ralialsl dadpline
Sadiacpline anables an cnrepuneut to achieve thea tasqds

be ofganid and e an enampleot euuyone,


Relial; l , u l t in trut mest Vemus, hut in he
Reiali t
entrepun
entreprunu ups he people
ohat
n
dganigation mohvaled
+hid but.
SlUng up to pud
he bet & Mest impottant chalackaku
Fmpionaim is ong
an enkupraneul. 1

ak-Taking ywinel
Risk-Talnqali eenHalp an enkupxineu To dilove
Somethung uniqu slieh
maku, all the difuunce
To invat theis time & mone
upunwts a always keady
- But they aluways hawe a back up hat tuy iuk they take ,

evaluati on the isk to be ndettaken alo eenial.


without nowing he Condeun &a, a qvod enlupxuneut Woudo
Snisk all.

Pahon
Pawon act
Paion as a diving iG, wit wkich entupkuneus
a mokvaded to shive o betea.
- At he begsnning w entiupun uti al ventuta of any

Ventue hea a hutdles bu paion enul that


entepxunuts a abe to ovesComehese toadblocks &
helps in attainung thi goal.
wit paion they ale willng to put In those enra hous
dhe a joy thes
to Mak thui buineu Suud be Cause
buines gve hewhimest 9os beybn d the Money. ten& Faios
ch impottoat sadtSncuspenkeproneud.
Planring
Planlng
Plamingàhe mtl impslant all ept a4uived to un a

buinesot olieh evdy ochon ouldbe dypakve to attain


9vala.
Plarming Shakgiting he ohole gamt at ad 6 Hme,
-Tt ba Cally Sums up al the uous ad hand & enables To
Come up wit a shuchue g a thDugkt prvCusfo hous To ua
he goal
Lnowledgg
nouoledge a ky to Sucus. An enhepxunu &hould prou
Complete newle dge t t Industry
-3+
-S+ enables him|he to kup tack the deuelopment Glenutantly
Changing uuivement he masket hat he i in.
An enepxunw should n oo ohad his &kengthu&
wcaknese, o th at th Can be worked on 8 Can eht
tn a hetha Dxganization.
SoClal Sklk
Sotial Sb:lls als alko needed to be a qvod enkepruneul
-

DveRall, these make up he guali bes suquived o an

to hunchon.
en tepxunul
SoCal 9ills inveve he pllouoing Relaionskip Bulding
Hiving2 Talent Soul Cnq, Te am Shraleg otmulahion.
pn-Mindedneu towalds lcauning peopleeven at huu
- An entepxunu ust be aLauptingthe hu Sanaio ot euent
happtnung thot Con be a udeul oppustunit

- To u Cogni Such opputuni kes, an open-minded atthde u


usjuived.
An tnkepuntus &hould be
be deliai ne d
dektraine
He sheuld date hu loe uwitk o
povi h've ottihnds4 ha
dcboepmrves wins hum bly
An 2e0d tnepxuntull t aks he CupeienCe A His Sl back

eworkA wen had witt the nent qval in bne


his
This expekin à InulCaled hAough e protus aupted
T
leaknin9
GOod en kepxunuuts nouo hey an
ltainom vey ihuahion &
Peuon ahound them
-

Open-mindednus alo enable ou to knous leasn som you


Compekibion
Empatty
The last daCwsed valut in the uworld bday npathy o

hawing kig emoHonal intellignce.


6npat h e undeutandng ohadt 9os on Someones mind.
-A 9e0d enkepreneus should now the Skngths 6 wakneses

y employu who works


evuy
v
unde him
him.
He
He
must undest and hat i à He people toho makes the

buinus tick.

- fov witt enpa:thy, 0n tnkepuneut Gn defnetly uach the


heart enployees he Suuus he devivd.
HenCe, empatky one he m dt impett ant chaiackiuh

an enhepxunl
1.b.c
-And lasily, the ustome evesyttng f

O o d tnkepruneu will always oous that a buánus


all about he Custome
GIYa bbing a Cuto metu attenhon i the tjivst sep t colich
74 ippottant to Sense & tnouw he needs the Custome

Pekonalinq a buines to Consum e will alo Sal boxst he

The altttosell infont a porknh'al invament okn H


Comes in the stm a Custames i ao uaived. Mt
Be'ng
Seng uady witt the
fnouwledge to, please a Gustomer,. u
a
wwoyto havea Sutuspd busine "

FuncHons Enhuprun u
FuncHons dEnreprungut

Enreprun ui'al romotiona Manaqe ) Commec!l

-Tonovah'on .Ddea ro winy Planning Poroducho


R'sk Tabng
Dekailed now
Organi Masketng
Organiakonal
Asembling
vemen&
stoin ACLounh'
Bulding Divechnq fnan Ce
Hnannq lesdeati
CommunilaHon
Mohvahon
Co-ovdinahng
Conmlli n
arepauncutial finchont
onovabont- Grthepunaits play o vilal wle fn dsivim imoveioo
Value fo he Maike plae
-TheTheenhepkuneus s uponkible o eskng masket, nvenking
new makeh pnCoveinq odenands witi ind:vidu-d maseu
-Theeikèpuneus dynamit nduled by Cualvity. Gnpehhion
the motivati on to Sucued uoittus ocety a -

Rs k-Taling:
-34 he m ost mporttant uncon on enhepxanut.
He has to pay to all the othee dackovs produckon in odknt.
Theu ale
-Thew ale chanc that he moy be usalded witl a handsone

Prot o he may Sula a heauy l ,


Theu ois, the isk-beating he fin uponsbi l , o n

enteprenus
Oveaning punchion, anhrepuneut-
This
Thhs aJes to binging togethu the men, maleiald, mackine,
mony etc.to eneCute the plans
-The
-The
enhepunus aenbles & o1ganitea the alove menboned
dHuent otgans an entepise in ueh a wa that thue
Con bine st ast nconing Qs
Ont., ic, enkepie
Manageial funchon'
Manaquia unchons au clawiied into 5
Planning .
Plaming s Pre-dekimined Coutse ackion to alLoroplih the
Set objecva
An
*
m enheprunux ha to make dei ions
enkepxanut as to what u to be done
nou t s to be done, hen l to be dont, whu to be done,
by ohom1o be olone &So on.
The impott onc planning ka Tn the Jact tha it ensus the
Smooth & Heive Complekion &unning a bukined enkeprise

galging
The
organi ng unchon enkepunut alus to brngin
an

Hogetha he men, mateial mackine mon ey, ete, to ne Cude


plan
,
,

The
enrepuneuk asenbles 8 ongani qes the alove menbioned
oli uent organs an enheprise in Such
way thet these
a

Combinedstat un choning as one., i-,


enhrep i se.
Thus
Ovg ani ingtunebon an enkeprn u ulkmally
Prov'des me chanikm pulpetive, inkqhated &.Co-opetah've
a

ackon by many
people in a
joint organi7ed eott to impenunt
a buines plan

Stoinq involves human stukoule planning hunan xekouiCe


Stofsq
Manaqam eit
Ths 8taing tunehion o on tnrepunes ineludes pupalin
invento pa
hvento peuhon ad availa ble,
Seuts Manpowex u.Cuar bment, u4juivement 6 peuonnel,
h i Selechon,
Taining development & Pexioolre amunexaio0,.
appralsa
wov
kingin the enkeprist. peuonne
ponne
Diveetng
The olxecbng -unchon enhepxuneu achually latt the
Selting Penkepxi Se.
Undlex the
he olf uckng
unckon,
ttaches, stimulate achvats
the
enhepruneur gui des, Counkels
guide,
a|he nployu to wovkCounels,
eHeekvely t aLonpLah the Set enployusto work

Dive cbing tunchon


obicves.
in wueh an enkepruneu ConCend he total monne
enrep uneu inluen ces Ahe
achons is |he
emplouaaworku
t i he n ackon &an
enheprineut in maleing kia|ku
enployas achalty acd
ot all papaiakions have ben omplatd
Contoling
Con hrolling means to S ohe thex he actviie have bea
Pextatmed in Conptmityoitt he plans ot not.
Thus, Conolling achsl petptmance wit 4he
Standasd petteimance e tatgeB o
bwo, ny tauing Coueebive idenhhcakon Vaiat'oo blis the
meadue So
mcade o that that the
he
tadg e aLLompushed.
Pomoional fnchonA 9oleatn
Busined most poflabe
riast prostab
elechioo stosk
slask he
The
ddenbakion to
woite
en repxuneut
ety Inlnding cnpekianG
k.
Sctuwaldhg pwjcct hishek
Lnouwkdgs,
based on
genatales
The enkepxunaut, 6
alakves,
Tnheping Jiends'
gathered om examined & pulsued
examined Epuued
n toabion Can be
lan be
ldeas
oliech
toich
deas
Some pottible bunes
poti ble

enheprise.
buincs laoning e
oppuuhunity S
as a

abo desaibed os

This
This pxoces

idenbitabon' in tums
in asu 4
tams Car
ideas a analy ged
Then the generated
hem.
akotiated witl
benes Pauiect Rpott- d
Buines Plan g
Pupasahon
alled biuiness
Stakment Called buineus plan
a
prepalus
to take up whih is
The enkepruneuk

xapatt whad he (she popates


poject
an operabin9 dotument.
would be vey much wehd fa
.The prepalakion plan
The
he enhepruneur to his hu enepise in an ehechve /mooth
the
Manna.
-Alvo + helps the entrepxanewrs who intend to apply le
nanCal awiatanCe omi the inan Cialinsktionu $
banks Jt huis enkepsiscs.
Reuvement fat fnanCt
papalus atuidenent tot nds wth t
The tnhkepxunuuk
delailed Sthehute.
alo elaiped ino 8horl-Hum
The i n a n t a l aguivement

6long teum Sepatalely


Supplyo acoydve he uuived fund
Then the SeuiGs

aL alko menhioned.
Shale apital to Huru 6 gui ty e
Hou
Houo mueh wi be the
much will be bo wed Cap?tor
Pouauns shatehoo
PrulunGs
inahtaions bank as cleasly deksminnd.
dsHaent Hnantdal

Commesial nchons

PDduchion Manuachuin
Once #he enhepxile nally, establuhed,it Stasts
Sesvas, which evex be he aa u
PruocuCng pods of ouing
intudes olechons ulakng to he
Produch'on tunchon
le, deign& layout, types pmduci
Sekchon gechry
tobe pxoduced, useach & development 9 deig
the pwdut
These acbvihes nelude prooluchon planning Conhol,
maintainsnG &upait, pu chakdnq, Stove- Kiuping

matula handlinq
The
The ekve puman ce pvduchion tunckon, to a

ladge
lasqe tnkent, depends On the popet poduechon planning Canhol
Maxke king t mcont s kehing.
mas

All proodue koo s


All baitally b u i ne

buines
kv
ack vi
ikke
s

t%ae produce to
pwductey
t.
Maukek'ng i te petmande
rviGs kom
Hhat di veet he dto 9vods

Conume wse uoith


Customexs
h e afomezs.
& ends
Thus Maukeing Cenkally begins lnked witk
an appmopriat
tunchion s
The Sutlus
aas
mas kekng
Maskeinq mfx to Ps, name ly, poduct,
1 product

king min saleued


Tadtionally, maske
Tradstionally,
TCe, pomotionphyi al distibuhon ProCus a
Packaging, Pople, &
'late, 3 Mote Ps namely
nix'.
alo odded to
'maskebng

AcDAnhng buinos nteeprile ?9sto


to eao
easn

The main objech've any


wealth.

Prt e Cuat iobjcchve


objechve 'ot not à

buinus
ttingi
whe-hex the
asntained thovugh accounting.
stags
acouning involves a pvtess Conisting 4
Thub,
the tansach'ons
name ly uCording
the anbacHons, Summaning the Transac hons
cl aibyin
Claiying
Ppupaking he nal Aclount 2 Analyging keprubing
the Result
S8AA o3 P
padance -apauntutdep/oph
zlopmant Monogeial Gpbabts
The
The b9gest
bagat Signi lance enepuneuuip u in he au ht

14 helps n idenling6 developing managuil apalilbtis


enkepaunuud
An tnke pxunw &hndis a pmben, idenkiies it alknaives,
Compaus he altunabve in kuma st & benekt Impltakon 8
beat alteune
tinally choses he

Creahiom Organirationsf
Enep xunuuatlip oknl ino Guatuon dganiakons whu
enkeprunwl asemble&o-ovdinat phyia, hunan& inanGial
9ukuGs & direct
themtoOaids acivement objeth'ves

9mproving StondaidsLiving
By uakng produc.hve organi07ah'ons, enhepenuuship help
helpt
B
in mab'ng9 a wide'Vaiiey g00ds SesviGs awaila ble t
the fving
the Sodty hich uult' into klghus Slandaids vng

The pople
Poscho'on uuy Cal, Compulus, mobile phonak, apid gtosl
hopping malls ekc. alt pointus to the is vin
king vng
Standalds people
Meon Eanomie developmet
Cntuprustlip involves GuaionGused)inaovahve ideas
onahion o p fom he ven suoui, daulopmant
Manapu'd Shills ete. allthese dacors
ak o Mnbas.
actov iolunCng Eahepxuneutpt
EnvimnmentJ
Plonalttu achov
c or Po ltal
dactors

SoGio-CCoromic
dactors
fatls Qlei*a b-thes
Enkeprunughip Snkupxanti
eduteH on
pact ovia Sehov
CConomic nsaling denand ) Valil
dackvs
9nkinad onbrol hytaro
Tollouoing al he Vat ous
ator d inllutnCing enkep saneul flip
O edutonl
heisa need to have dashe chang ein edulakon
Pactretnto mak it move ulesant to he
needstime, è(onom ic
Sodadpolkcal enn ooment.
.Move 6 move y oung winds Shaudd be ained to ude awenues
Tut Sanploy ment
Leael
The 1a must proket #he Oeak 41 the ime they nud i.
6ntie pxneuts i Small Seehovs haue Gnuted Xokout&us S annot
Complete ot lalqe- ScJe manulathuts

9astoutas lard dadony akeds at ConCaionaJ ealu


odeapet SupplypoweL, wale, loal orthex uts neagy,
anspott dat: tts awailaikhy a gons, Supply Xaus mauialy
othe phyha datrlhs shouddDe piovlded by govesoment
on he Uns
- Gkepruneuth nted adud
Snalihabonal milaid
be u{able, Souas d Xaus

ManuJachau, ohieh Ma
Monulach how,
noo- houw,
nouo- tools & tyipu
took apapaunt
chnital
'nand
Bnand& otht
ohe Jatiblas tka
el e. oppuhuribs 8
alo nded to toouo alou he
The tnkeprantws
he in
had to huis bulhnes, qovdnment pol ce, duwelopm ents
te.
nnatonal tconond e SCene, kchnologila chang u
Finant d- The necds ed worvking &pttal old
he n
nhepxise to Seave & .
odequalely needed: al

The lack nant'


The ukoul&3 delaus PoBenhas enkepuneuu to
Stast nuo Venlues.
The pmblems blome move alude in the GapitsBort deuuloping
Counhoes ohu the buwhnas indus hy hoasto put up witt

Ondadevedepd Gprtl Maked


Proceduiad
The nkeprun eus have o un to d:uent jobs, Completea
number 6) afi ingovanment t diluent jobs; S loopleta
pxuibed, by Sewes laus, zuls &
mum ber mls s
Lgulai ons
lommuni (ationa
The tnetmakion 9p pushes Many enhepxuneutied Venhud es
owalds enhnchon.
Unles an enepuneut Knouon alout the maukat polenhals,
Compekbhon in the maske, hchnologi tal bthor deuelopmenls, the
Cntepuneu s not kly t Suce in ta Venlu
aeimahion technologym& Communi Coi on
Modun tchnolo gph Such ntmahon 4echnoleyyhas enked
evely alk human b
Faste
mpde Commuri oHon thougk e-mail, nehoovkinq, uoeb
chnplos e have uvoluioni d Cmuailakion trough n ,
Ttehnologies
the ndusial ane oi t the Jast upto dale inetm-ion
at dRuent levels managament, the management ppoGuses abo
YDCuses abo

haw e gone
nawe Conkicleta ble
onidea ble
Changs n
de on m-ki'ng &implenunt
Rapid- changea
'

& Communilahon awoluhon, he nehoorking witkin he

indutry has fnGuased many qold


The enchang intmabon g availelklty sukoulas is

bringin
pngin0 chanqes Po
n duastry fauter than bepte i wer the

kisto
LalgeSi
Thel is Coniderable nGuskeautomah on & inhooduchon
in

Conputeuzd produchonproas Conhols fn induhies.


RAD Technolog
Compani ses to
'Compani to day au invetng lot money in RAD ackvihu
da
to develop neuo produch G to
new
polases Complete in the
glo bd masket.
Stakeholdeas
The Stake holdes oHo da
o m ofe
oooledgealhe 2d up to
ndustn developmerda o voell as he
dlat Tohtmaton alou he
Indusie elinhestz
PDghus 6) pa iCulat
Galsbali gelion
Nos bwines operales in an
Ope envionnent, as hua it
boundat'e Ent l.
no
3 a p kial
So Compeii on has belome VelyinHenae.
to be
To Suvive in toda mas ket, Compony has vey

Compektve fntums qalk priCe delives


delvey
Creang& slatbog ntus
ns
b
buuiin
nus
us
Veiluts
vatu

The Re
yo CYeaing 8 &lahn
h
hee

maske oPphuny
maskel oppuatunly

Sucashlly As o look at he
oindow

Guate 98 t
Ne 4he neo
bulne Skrale 77 whetlas of nd Tt
af nol
i k , Conideuung
Meaue he
The Ppopil
needt.
goal 8
Ppuauntty petron-
peuon

nca baiont he
the
Pntt al idea
fnital tdea
Jut innovahon oltn otut
buinus alled
alded
a a prDaes buind-
wieh dilunt
wweh

ytms a Staing point om


&rapned unl the enkepaneL
leshed out, evalu.ded
apect al

fn he Gekve polenkiad
polentiad ) Venhute
Venhue.
PeWeses Sutscont Conkdnce

6Valu acion
The evaluahon -the Ventue Concept m an eenia9 pat
he
ne in Cubahioo Cycle &entolk an asement d) "shat o
il be
Oowmi09 one uWasto enploit the Con&pl.
bohile Such an is oten boed horoug ana lyhs
on osement on

he
e cntupaunuus onfdence nhe poknbias uso may be based oo

Paakad
*tia inrimakon only
only
and Such, xlis to a 8qni ant entent

On ntihon & enkapruneu osh to Connue


Splbtodi on- A Svon as entiupuneuk has adlunulens S{dnt
"ma on tnooled to auuan ohe as i s daivable e kasible
to uate a new Ventuue bakd on he Guilent vêntute anGpt, he o
Se oll movebuo ald enploi takon.
enrepxneuiad goadnop dd o Venluy
Epscaate an

Oul Oul ine he main 9oa p


he Vahut
Step 9- Out Line
hworks
Step3 Bullding a
podutt Conapt had
product
Anding a maske hak app Cates yous
Skp5 Mapping the nlw's
tabrs
SHepg- ining key indi
Dut putotman&
to 8take holdes
pproviding Value
alout PDmise made.
Sp 8Being Calehd
Step Outbine he Main Gnoal
Stas ing a buins vntu is nw asy,&Supd bngly,not
alwoays planed
.

Many tntepauneuksanto a Vontus 8 thy hnd themdelva


s'anbicaly both butld:ng leaining alrout a bu nes at t
dame time.
As an entuptuner Hhis SGnasio might d all too
amil al, no Hhat kis sporkdly non
mal.
Stasbueks, McDonalds.
&tep Out Cne you valu
-

Neuwc Coiongarkens employtus


oinunq a
Compony may not 0noo he
PrinGples 8 values ht xu the buinu with, peahap tak
ghanted
-Psaounding -tta, ak Hke touble to
aakalde Corporale
Valuus fve
Corporale
by ti).
SkesButld
3-Butld a pocluck Con apt thad ovka
'lot
nveatoy Money docho tato uheue, douelepment &
onCeptdead, bd in he end, malkel
needt Ho olte to ale ony acapu
only a.tAap Produud
produCa hdvol
qiek wtioud too many
Stept nd e maket 1ho eppu.tiol pxproduct
bu
e Hemphin g o wontpoduet to be the nenl inalant
and, need to amembu to fout m
Staatn matket, Can win- wkieh a s of tn
you
Maaket the

wheu the playu o1 Cormpeb tovs 9 nove, &lpkaat)


big
Sep5-Map Youu lehoovka
.Build ne hoovks Methodologi ally.
fig Out who khant ot
Lshat to meet & why, & h en ailan ge to meet
allan 9e then
them.
-Claxknals, employeub &Customus an bring in olw's
not just investorS. Shong ow's
Crede an advi om boasd, & his i Ho xop
so p
in Some
an
oppuhunlty
Kay mentorS
Step: 6-
when ehaing Gpttal o employus, 9umenbet at what ostve
Qusoy o halk oop any
ohe thex Gustomex, Suppliex, oli i butor, employee of vi tov, Aad
Hhe tne print.
.
nouledge ghould be a ind:Cator.
This i a
leaining9 proas, do not ncad t6go to Uni vernty
ay hau b nuc intatmaionalawa:lble g Some gut
odwil toD
&lakaholdes
Skpa- Ppv'de Value o yous
Gutomeus, apples, dishibutovs, Shasuholda,
Slort s t employo
tven mentor &.
to p In mind he Gst being
Jhe a Simple logie ill toalK
tonlk aausoy
bene, hen pe.ople uil
uso

move han he
ol
m e to Make Sus keep
Valua.blk &taka-holda
&taka-holdus
nvest
about ppmie Made
Stp8 Being Cauhl
with kchnologyyou havent
This amhon is speclaly uived
Mas-leted clde Suini ty á orde,
Too muth medda expasus Can open up to
kighlight eyuy
wuy maLtuiate Statmentyou made unulHingy
Even fo go od Jath .

SouuCs No Tdeas
bwanes to
buinus
estaltished act that o ony eisting
-9 is an

gneiahoo, Cuaiv
enpandon, idea
Cpeiien Ce 9owt must
Must ame
ome
hot
datlors hat
al thrue neCusaiy
tnnovathon
in appitaion prachce
tagethe
en ds a alo SouGs businea
SoGietal happenings, events 6
fdeas neus Staglashy Shawng
tant to aad & hwat ch
34 2 impot
daCovesing busines ideas,
intnt
Hhe ConsC'os
Dne needs
to Conan haltu on a
To develop wnning deas,
buuins fdaas
& analyge brain shom
Specse tasget Masket

SeavlCathat 1he qroup would be inkated on.


Sesvl
SawGa ot ombving the poducd t h olkhex sulalad pou
Onodhet tohniq inponaHon, i daal
The Mas media a onothe wenden
Aouna

Hen opputhunt kea Trieandt


Mag
nes, TVslalons, aMe nlo's, 1adio, uspepes&
DLtG 8ta atu all fnatances 6) Ma Medio
An fdea Gn uCogntlion wh
albo b goeaaled kor)
t m e need fo he matkeh
tchaiqpua, &
a n e t h e x Guaive-problen
foluing
Brain-Stominming
alo a vuld o genexating deal
poblen
of &taament
&tatument
tbuall bei witt a ukon
a

i deas,
Each fdea an lead to bne ot move add o na
nlting 'n a 9vod numbex
inditatune
Sukinesfdeas an be
Buines gnerated hom ma ke Suveys
is viable ot pod bly vord 6
producth.
8howing okich Sectov

h idea an abo be genehales om nperienCe .

Cnatant tzuch
6peienCe in sel Caneb tom pastiala aspeck by
Abuines an alo be qenesaled hrough atinduig ewenu

in olich n o deas axa enchanged


Many pople hawe an inrest Po Sething
p up aa buin es.
Many hasc individuals howe money but thty dont nous
hat do Invat in o ohat busins to&tat

-A one nud ts-to work on onds pespestive & dauelop the


obtth to se
oppuahunttied.

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