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Most entrepreneurs are forced to work long hours to sign up customers, keep the money coming in, and the business doors open. Work-life balance can be very challenging for someone starting their own venture, and frankly one of the hardest things about being an entrepreneur.
At the beginning the idea. Something to link: External needs with our abilities. Voice of Client. Defining our vision and strategy. The value creation. Forecasts: The best tool to compete. Capital, resources and organization. Basic concepts in finances. Lean startup .
FUNdamentals of Entrepreneurship is a gamified business simulation where students assume the role of an entrepreneur pursuing their passion of selling clothing online and in their retail store.
This course explores all aspects of the creation of a new venture from idea through startup, growth, and beyond. Students will learn how to evaluate opportunities, develop strategies, create a business plan and acquire financing for a new venture. In this course students will develop a business plan for a new venture.
It is useful to break the entrepreneurial process into five phases: idea generation, opportunity evaluation, planning, company formation/launch and growth. These phases are summarized in this table, and the Opportunity Evaluation and Planning steps are expanded in greater detail below.
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