Module 2

• steps in the entrepreneurial process

  1. Idea Generation
  2. Opportunity identification
  3. Developing a business concept
  4. Resource Acquisition
  5. Venture Implementation and Management
  6. Harvesting the Venture
• Ways to generate ideas

  • Brainstorming
  • Focus Group
  • Checklist Method
  • Problem Inventory Analysis
  • The notebook Method
  • Delphi Methodology
  • Gordon Method
  • Free Association
• Things that might impact your business

  • Changing Demographics
  • Emerging Markets
  • New Technologies
  • Regulatory Changes
  • Social changes
  • Market issues
  • Economic issues
  • Competitive advantage
  • Management Issues