Listen audio introduction - https://voca.ro/1fg8dFR561Lt
This module will provide you information about the concept of a business idea. You will be introduced to the difference between a business idea and a business plan; get acquainted with fundamentals of company’s name and logo’s creation. It will help you to choose a good name for your enterprise.
You will be introduced to the notions of cost, price, profit and profit rate. You will also be able to understand the basic of assessing and managing risks, including the ways of doing that on the base of simple and easy visual charts.
Audio and easy-to-understand charts are used as complementary elements to the module.
Planning your start (audio)
Below you can find examples and explanations about ideas for starting a business.
If you're thinking about starting a business, you likely already have an idea of what you want to sell online, or at least the market you want to enter. Do a quick search on this video for what you have to do at the very beginning of your adventure. Business skills are essential to keeping your organization running smoothly. These skills can help you understand both the internal and external factors that impact the organization’s success, as well as the processes involved in carrying out business goals.
The skills and resources needed to be successful in business include soft skills, and good questions for you in order to start with the right foot.
Business idea (video)
Business idea (audio)
In this video you can see how to realize a SWOT analysis (stands for Strengths, Weaknesses, Opportunities and Threats. This is a method of analysis of the environment and the company's standing in it, as the two external factors, opportunities and threats, are not in the company's control.
Assess business idea
- Company name and logo (chart and audio)
- Company's name
- Main elements of business idea (chart and audio)
Starting any business has a price, so you need to determine how you're going to cover those costs. Do you have the means to fund your startup, or will you need to borrow money?
If you're planning to leave your current job to focus on your business, do you have money put away to support yourself until you make a profit?
- Cost and price (chart and audio)
- Profit (text and audio)
- Profit rate (chart and audio)
Further on they are introduced to the main elements of business plan and its main elements.
Business plan and its main elements (audio)
- Business plan (chart and audio)
- Business plan’s main elements (chart and audio)
Risk assessment
- Managing risks (text and audio)
How to make a wise decision about starting your own enterprise you can figure out below:
Strategic Planning of business
If you want to start a business or develop a business further, it will help you to reflect on your goals and consider what activities are needed to achieve them. If you don't take the time to do this, your business may not become sustainable or be as successful as you would like.
The business model is also a good tool to have when you need financing and want to present your business idea to a bank or an investor.