Tata Steel

Entrepreneurship Shuman Ghosemajumder Stanford University Management Science & Engineering Entrepreneurship Models for Indian Social venture Projects May, 2006 Copyright © 2006, Shuman Ghosemajumder Freely distributed under a Creative super C License 2.5 Agenda 1. What is entrepreneurship? 2. build a successful venture 3. Considerations for affable ventures * * grain of salt What is entrepreneurship? What is entrepreneurship? not small business management Not just startups Not just for-profit firms Is the act of creating a parvenue and innovative enterprise The pursuit of opportunity beyond the resources you currently conquer Howard Stevenson, Harvard Business School Some less than great new ventures... Building a successful venture The success formula Team Resources Strategy Team the right personalities Everyone should be... A team player A hard worker risible Flexible Good at listening Team the right skills exact to have... Personal achievers Salespeople Creative people Managers Domain experts Resources Strategy Fundamental issues to address Who is the market place? What are their need? How does this product/service meet these needs? What will they pay?

How will they pay? What is the timeline for each stop of the business? What is the long term strategy? Who is your competition? How are you better? Strategy business plans Why write a business plan? To organize, clarify, and scrutinize your thoughts To facilitate corporate discipline To attract a talented team To raise either money whatsoever! Your business plan is your high-level strategic plan as well as your detailed allpurpose sales pitch Key success factors checklist Team Personalities: what are your personality types (values, style, etc.)? Interests: what are you interest in? Experience: what experience do you have? Resources IP and goods:... If you want to get a full essay, order it on our website: Ordercustompaper.com

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