Become a global Entrepreneur. Tips, tricks and more

Christos Pittis, ERP Consultant, IT/Technology/Software Enthusiast,

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10 Lessons (50m)
    • 1. Introduction-what is this course about

      1:25
    • 2. The importance of entrepreneurship

      The Importance of Entrepreneurship final draft of pdf.pdf
      5:49
    • 3. The different types of entrepreneurship

      The Different Types of Entrepreneurship pdf draft.pdf
      6:18
    • 4. A history of entrepreneurship

      history of entrepreneurship pdf.pdf
      3:25
    • 5. Youth entrepreneurship

      Youth entrepeneurship pdf.pdf
      3:16
    • 6. Advantages of entrepreneurship

      Advantages of Entrepreneurship pdf.pdf
      3:38
    • 7. How to finance a business startup

      How to finance a business start up pdf.pdf
      6:53
    • 8. Five entrepreneurial success stories

      Five business success stories pdf.pdf
      7:57
    • 9. Developing Business Ideas as an Entrepreneur

      Business ideas script with revisions.pdf
      4:34
    • 10. How to start a business

      6:39

Project Description

Entrepreneurship challenges and questions

What am I going to get from this course?

  • Over 9 lectures and 60 mins of content!
  • The importance of entrepreneurship
  • The Different Types of Entrepreneurship
  • The History of entrepreneurship
  • Why Youth entrepreneurship is super!
  • The advantages of entrepreneurship
  • Benefits of entrepreneurship
  • How to finance a startup
  • Stories of entrepreneurs
  • Business ideas
  • How to start a business
  • Entrepreneurship tips, tricks and more 

*new lectures coming soon!

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The importance of entrepreneurship

Answer the questions and share your thoughts with me

What do you think is the reason that GDP dropped significantly in most countries between 2005-2012?

  1. Lack of ground breaking new technologies
  2. People were overworked because of high unemployment
  3. Western Country’s workforce is aging
  4. Nobody was buying the products they were making

Where would the impact be felt if a successful Entrepreneur opened a business in your community?

  1. Local Banks
  2. Local Real Estate Market
  3. Local Retail Stores
  4. Local suppliers and manufacturers
  5. All of the above

What do you feel is the most important contribution of a successful Entrepreneur on a local level?

  1. The local economy
  2. Employment
  3. Higher standard of living
  4. Higher real estate values

The different types of entrepreneurship

Challenge-share your thoughts with me

In learning about the different types of Entrepreneurship today, I’m sure you had some thoughts about different companies in your community.  I would like you to take a moment and think of a company or business in your community that fits into each one of these areas.  What are the particular challenges they may face? What do you think are the goals that they have?  How do their operations differ because they have different goals?  

Answer the questions and share your thoughts with me

  1. What are the two major differences between a large company startup and a small business:
    1. Large Companies have better ideas
    2. Large Companies have more money available
    3. Small Companies can react faster to changes
    4. Small Companies have simpler goals
  1. A Social Entrepreneur can be:
    1. Someone who sells books on the corner and gives the money to charity
    2. A large candy company that donates candy to orphanages
    3. A shoe store who’s owners send out old shoes to underdeveloped countries
    4. A local charity that sponsors a walk for the hungry
    5. Any of the above
  1. A Scalable Entrepreneurship has the following characteristic(s)
    1. A hard to run business model
    2. A profitable business model
    3. Can only work in certain areas
    4. Goals that are easy to achieve
    5. All of the above

A history of entrepreneurship

Challenge-share your thoughts with me

Can you build a short history of the trade routes in your community?  Every city, town and village will have them.  What is yours?  Share yours with me at the discussion board.

Answer the questions and share your thoughts with me

  • Which of the following did Entrepreneurship have an impact on:
    1. Social growth
    2. Political evolution
    3. Shaping of Culture
    4. The rise and fall of nations
    5. All of the above
  • Entrepreneurship can be seen as:
    1. A way to make a profit
    2. A way to bring new products to a foreign market
    3. A way to innovate and create new ideas
    4. All of the above
  • The first non-local trade routes were:
    1. Caravans
    2. Inter-coastal water ways
    3. Oceanic journeys
    4. Along rivers

Youth entrepreneurship

Challenge-share your thoughts with me

So let’s assume you are young, have a lot of energy and you have a great idea.  Can you be successful and make a lot of money?  A list of the top ten young entrepreneurs (according to www.incomediary.com) would suggest you can.  Here is a list of the top ten:

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Here is my challenge to you:

 

Do you have a great idea?  I would like you to share it with me in the following manner:

 

  • Write a short paragraph outlining your idea
  • Define your vision for what you want to do with it
  • Tell me what your business model will be like
  • Tell me how you will be successful

Answer the questions and share your thoughts with me

  • What is one of the benefits of learning entrepreneurship early in life:
    1. Learning self sufficiency
    2. Learning how to make money easily
    3. Moving away from home
    4. Not having to go to college

 

  • What is Mark Zuckerberg’s net worth:
    1. $3,000,000
    2. $150 million
    3. $6.9 Billion
    4. $50 Billion

(according to www.incomediary.com)

 

  • Training and scholastic programs for youth that want to become entrepreneurs does not exist:
    1. True
    2. False

Advantages of entrepreneurship

Challenge-share your thoughts with me

In this presentation’s challenge, I would like you to think about how a small business has directly affected your lifestyle.

Answer the questions and share your thoughts with me

  • What are some of the economic benefits of being an entrepreneur:
    1. More local jobs
    2. Higher local land values
    3. More potential for financial success
    4. All of the above

 

  • What is a personal benefit of being an entrepreneur:
    1. You automatically gain recognition as a community leader
    2. You can be your own boss and choose who you do business with
    3. You can run for political office
    4. You can buy a bigger car

 

  • As an Entrepreneur you can:
    1. Be an inventor
    2. Patent new products or processes
    3. Take old products and redesign them into something better
    4. All of the above

How to finance a startup

Challenge-share your thoughts with me

So my question, and my challenge to you is, what do you think is more important for your type of business:  debt or equity financing.  Why do you feel this way?  

Answer the questions and share your thoughts with me

  • What are some advantages of selling stock to raise money
    1. Can raise lots of money if structured correctly
    2. You can keep total control of the company
    3. More potential for financial success
    4. All of the above

 

  • What type of funding can be done through crowd funding?
    1. Equity
    2. Debt
    3. Charitable
    4. Exchange
    5. All of the above

 

  • The best choice to raise money for a sole proprietor is
    1. Borrow
    2. Invest your own money
    3. Take on partners
    4. Could be all of the above, or it could be something else

 Five Entrepreneurial Success Stories

Challenge-share your thoughts with me

Starbucks is also a franchise model expansion and they are traded on the US stock market.  What do you think caused their slow beginning over the first two decades and then the rapid growth over the next 18 years?  Why did that growth slow dramatically after 2007?

Answer the questions and share your thoughts with me

  1. What are some common factors in these five businesses success:
    1. Giving people a product they want that is easy to obtain
    2. Volume of sales
    3. Scalable business model that is easily expanded
    4. Outside investors
    5. All of the above
  1. What could have caused StarBucks growth pattern:
    1. A change in ownership
    2. Timing was not right in early years for great expansion
    3. Business model needed to be perfected in early years
    4. Economic factors influenced the growth pattern throughout
    5. All of the above
  1. What factors do you need to consider when expanding your business:
    1. Management control
    2. Financing and cost
    3. Local laws
    4. Scalability of business model
    5. Different cultures and where to find customers
    6. All of the above

Challenge-share your thoughts with me

What idea do you have that you think would be successful?  Contact me with an idea and with your reasons why you think it would be successful.  I will be happy to respond with my comments

Answer the questions and share your thoughts with me

  1. Why is researching your business idea thoroughly important?
    1. It is only important if you are going to take out a loan for the business
    2. If the idea is flawed in any way, it will make it much harder for the business to be successful.
    3. Only smart, well informed people can have good ideas
    4. A business can get by on mostly hard work regardless of their product
  1. What would be an example of a product that will have problems expanding because of cultural or social boundaries:
    1. Trying to sell shoes to people that don’t wear shoes
    2. Trying to sell coffee in China
    3. Attempting to sell winter clothing in Hawaii
    4. Selling sail boats in the middle of a desert
    5. Only A & B

 Can you make a successful business out of an idea that someone else failed with?  Please send me your response as to why or why not.

Challenge-share your thoughts with me

During this video series, we’ve been speaking about Entrepreneurship and what the various factors of a successful business are.  In this lecture, we will talk about the steps you need to take to start a business.  The steps that I will be suggesting have been outlined on the following site:  http://www.sba.gov/content/follow-these-steps-starting-business, and I will be adding my comments to them as they may not all apply to your particular situation.  My challenge to you would be to find the ones that DO apply to the business you want to start up, and then contact me with further questions, to go into greater detail.

 Answer the questions and share your thoughts with me

  • Why do you need a business plan when you start a business:
    1. To help attract investors or financing
    2. To give you a roadmap to become successful
    3. To prove that you can do it
    4. A & B
    5. None of the above

 Does Location matter if you are running an internet only business

    1. No, I can run that from anywhere
    2. Yes it could have some ramifications in terms of local laws, technology infrastructure, and level of communications service

 I don’t have to register my business until it makes money

    1. True
    2. False

 

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