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Bca Entrepreneurship
Bca Entrepreneurship
70% of start ups close down within 3 years but remember not all
closures are because of business failure. People often sell
businesses or take up paid employment.
Research the
Motivation
market &
plan
marketing
Write
Your
Ability
Potential Gather team Business
& plan Plan
for operations
Success
Idea
Explore
funding Negotiate
& plan
finances Yourself
Into
Resources Take lots of Business
advice &
network
To be successful in business you
usually have to offer:
OR
Name some:
Richard Branson Question
Stelios Haji-Ioannou (Easy Jet) What key skill do you think they all
have in common?
Alan Sugar
Anita Roddick
Philip Green
Answer
Spotting an opportunity in the
Martha Lane Fox market!
Clive Sinclair !!
Samual Cunard !!!!
Entrepreneurism
Most start-up businesses are not novel or fast growing: they are
plumbers, hairdressers, small retailers, web designers etc.
Remember sales are often slow to build up and, unless they are for
cash, you might not get paid for 1, 2 or even 3 months.
Suppliers to new businesses often want cash! How your cash will
flow in and out is the key to survival!!
Use the Venture Navigator
Assessment Tool
Free, online 24/7, objective analysis of business viability.
Over time user can return to report to update information and seek
further support and guidance
What staff will be needed both initially and as the business builds
up?
What are the threats, including the competition, and how can they
be overcome or mitigated?
Executive Summary
(Comes first in the plan document but usually written last!)
Investment Manager
Objective 1 Fund lending money to Merseyside SMEs including
Start Up Businesses
Posts included:
Assistant Operations Director (1995 -1998)
Regional Personnel Manager (1990 -1995)
Branch Manager 3 Branches (1981 -1990)