CM2

Cards (13)

  • Entrepreneurial mind frame. This allows the entrepreneur to see things in a very positive and optimistic way in the midst of difficult situation
  • Entrepreneurial heart flame. Entrepreneur's driven passion, they are attracted to discover satisfaction in the act and process of discovery.
  • Entrepreneurial gut game. This refers to the ability of the entrepreneur of being intuitive.
  • A tool that entrepreneurs can use to help them decide what is the most suitable business idea they could introduce in the market is SWOT Analysis.
  • SWOT analysis stands for Strengths, Weaknesses, Opportunities, Threats.
  • Weaknesses - internal factors that make it more difficult to compete with others
  • Strengths - internal factors that give an advantage over competitors
  • Opportunities - external factors that may be taken advantage of by an organization
  • Threats - external factors that pose danger or risk to the success of the organization
  • 5 Criteria to examine if your business is Feasible: Customer, Timing, Finance, Competitiveness, Product
    A) Creation of entrepreneurial ideas
    B)
  • Customer -- a person who has the capacity to acquire your product/ service, it maybe individual, family, and group of people, employees, other company, etc.
  • Timing -- It is important in business to consider the timing because of different preferences and trends of the products in the market.
  • Estimated Capital -- use for starting up and during the operation of the business.