This document outlines an entrepreneurship development course offered by Dr. Ashraf Elsiddig Babikier at Sudan International University. The 3-part course aims to provide students with an introduction to entrepreneurship and the venture creation process. It covers topics such as identifying opportunities, developing business models and plans, and obtaining funding. Students will be assessed through assignments, a midterm, and final exam. The course textbook is Entrepreneurship, 11th Edition.
This document outlines an entrepreneurship development course offered by Dr. Ashraf Elsiddig Babikier at Sudan International University. The 3-part course aims to provide students with an introduction to entrepreneurship and the venture creation process. It covers topics such as identifying opportunities, developing business models and plans, and obtaining funding. Students will be assessed through assignments, a midterm, and final exam. The course textbook is Entrepreneurship, 11th Edition.
This document outlines an entrepreneurship development course offered by Dr. Ashraf Elsiddig Babikier at Sudan International University. The 3-part course aims to provide students with an introduction to entrepreneurship and the venture creation process. It covers topics such as identifying opportunities, developing business models and plans, and obtaining funding. Students will be assessed through assignments, a midterm, and final exam. The course textbook is Entrepreneurship, 11th Edition.
introduction to the venture creation process for students with a strong interest in entrepreneurship. The course is designed for a variety of student interests. It directly addresses the concerns of students wanting to become entrepreneurs in the near or more distant future. It is also useful to anyone who expects to be interacting with entrepreneurs in their business careers. Finally, this course is useful for anybody with a curious mind and a willingness to combine serious research analysis with creative thinking. Course objectives:
Develop a personal mission statement and
personal action plan. Identify entrepreneurship as a career and lifestyle option. Identify and assess the overall and target markets. Identify and assess the financing options for a new venture. Understand exit strategies. Course outline
Starting and operating a new business
involves considerable risk and effort to overcome the disinterest against creating something new. In creating and growing a new venture, the entrepreneur accepts the responsibility and risks for its development and survival and enjoys the corresponding rewards. To provide an understanding of this person and the process of creating and growing a new venture we will divided this course Entrepreneurship Development into five major parts. Part 1
The Entrepreneurial Perspective introduces the
entrepreneur and the entrepreneurial process from both a historical and research perspective. The role and nature of entrepreneurship as a mechanism for creating new ventures and affecting economic development are presented, along with career aspects and the future direction of entrepreneurship. The characteristics and background of entrepreneurs will be discussed, as well as some methods for individual self-assessment. Following the presentation on corporate entrepreneurship, this part concludes with a discussion on strategies for generating and exploiting new entrances. Part 2
From Idea to the Opportunity
focuses on the aspects of creativity and innovation and all the elements in the entrepreneurial process that are a part of creating the new venture. Focus is on the various sources of ideas as well as trends occurring through this era. Specific attention is also paid to various creative problem-solving technologies, identifying domestic and international opportunities. Part 3 From the Opportunity to Business model and the Business Plan focuses on the all-important business model and business plan. First, the overall Business model and business plan and its various aspects are presented. Then, chapters is devoted to each of the major components of the business plan: the marketing plan, the financial plan, and the organizational plan. Part 4
From the Business Plan to Funding the Venture
focuses on the most difficult aspects of creating and establishing a new venture—raising capital. First, the aspects of debt versus equity and internal versus external funding are discussed. After a discussion of the alternative sources of capital (self, family and friends, suppliers and trade credit, government grants and programs, private placements, and commercial banks), specific attention is given to three financing mechanisms: informal risk capital, venture capital, and going public Part 5
From Funding the Venture to
Launching, Growing, and Ending This last part will present material related to establishing, developing, and ending the venture. Course Assessment: Take-home assignments 20% Mid-term exam 30% End-of-semester exam 50% Course Textbook:
Entrepreneurship 11th Edition; Robert D.
Hisrich, Michael P. Peters, Dean A. Shepherd. Take-home assignments Guidelines :
The assignments will be based on creation of
an innovative business idea. Students should come up with a business idea and develop a feasibility report of the new venture including the business, marketing, organizational, operational and financial plan. There is no restriction in choosing the nature of venture except that it shouldn’t be an already running venture. The marking would be done on a relative scale. The report will be a group report with a maximum of 3 students in a group. Deadlines:
Names of groups should be submitted at the
end of the 3rd session. Name & Nature of Business should be submitted at the end of the 5th session. . Final report should be submitted at the end of the 10th session. Who is an Entrepreneur? The word “entrepreneur” stems from French, means “go between ” . An Entrepreneur is a person who brings resources, Labor, Materials and other assets into combinations that make their value greater than before, and also one who introduces changes, innovations, and new order. Entrepreneur
is an individual who takes initiatives to
bundle resources in innovative ways and is willing to bear the risk and/or uncertainty to act . What is Entrepreneurship?
Entrepreneurship is the process of creating
something new with value by applying the necessary time and effort, assuming the accompanying financial, Psychic, and social risks and uncertainties, and receiving the resulting rewards of monetary and personal satisfaction. This definition contains four basic aspects of entrepreneurs Creation of a new venture Investing necessary time and effort Accepting associated risks! Enjoying resulting rewards! The Entrepreneurial Process has 4 distinct phases A- Identification and evaluation of the opportunity. B-Development of the business plan. C-Determination of the required resources. D-Management of the resulting enterprise. Thank You