Sudan International University

 Faculty of Management Sciences

high diploma in Business Administration

Entrepreneurship Development

Offered by :Dr. Ashraf Elsiddig Babikier

 Course description

This course aims to provide a practical

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