Book Presentation by:Abhishek KyalPGCM4/1401

UNIVERSAL BUSINESS SCHOOL

ENTREPRENEURSHIP 101- HOW TO TURN IDEAS INTO MONEY MACHINE

Entrepreneurship starts with a VISION.

Without vision nothing consequence will happen!

ENTREPRENEURSHIP 101- HOW TO TURN IDEAS INTO MONEY MACHINE

Mind set Action Process

Entrepreneurship encompasses three factors:

1. Lack of financial resources2. Potential of financial losses3. Career risk, loss of income4. Emotional-lack of self confidence5. Pressure on family- not enough time6. Health – stress, long working hours7. Lack of big opportunity8. Minimal tolerance of risk in general9. Inertia- “just plain stuck”10.I still don’t think I had what it takes to

be an entrepreneur.

List of obstacles and risk

- You need to break through you obstaclesor find an alternative solution for it.

ENTREPRENEURSHIP 101- HOW TO TURN IDEAS INTO MONEY MACHINE

ENTREPRENEURSHIP 101- HOW TO TURN IDEAS INTO MONEY MACHINE

C ulture Shared beliefs, all for one can do, customer centricityU niquenuss Innovative value creation in every aspect of your companyS rategy Building sustainable, profitable competitive advantagesT echnology Breakthrough, disruption, differentiation, productivityO ppertunity Satisfying customer needs constantly and profitablyM anagement Leadership executive team, managers, supervisors.E xecution Accomplishing the vision through strategic initiative.R esources People, finance, infrastructure, Knowledge etc…

START RIGHT : BUILD ON THE

CUSTOMER MODEL

ENTREPRENEURSHIP 101- HOW TO TURN IDEAS INTO MONEY MACHINE

FINDIND IDEAS IN THE TURBULANT

WORLD…..IT CAN COME FROM

ANYWHERE!!

ENTREPRENEURSHIP 101- HOW TO TURN IDEAS INTO MONEY MACHINE

SCREENING YOUR IDEAS AND MAKE OPPORTUNITY OUT OF THEM…

ENTREPRENEURSHIP 101- HOW TO TURN IDEAS INTO MONEY MACHINE

BOOTSTRAPING IS THE PROCESS OF CONVERSING FINANCIAL RESOURCES TO THE EXTREME TO GET BUSINESS STARTUP AND RUN..

PLAN YOUR WAR WITH COMPETITORS

INDUSTRY COMPETITOR

RIVALRY AMONG

EXISTING FIRMS

POTENTIAL ENTRANTS

BUYER

SUBSITUTE

SUPPLIER

BARGANING POWER OF BUYER

THREAT OF NEW ENTRANCES

THREAT OF SUBSITUTE PORDUCT

BARGANING POWER OF SUPPLIER

Porter five forces analysisis a framework to analyse levelof competition within anindustry and business strategydevelopment.

ENTREPRENEURSHIP 101- HOW TO TURN IDEAS INTO MONEY MACHINE

ENTREPRENEURSHIP 101- HOW TO TURN IDEAS INTO MONEY MACHINE

Gordon’s Money machine is a visual Representation of the entrepreneurial opportunity to customer exuberanceand Profitability.The elements relating specifically toBusiness Design encompassesThree initiative components:1. Strategy2. Operation 3. Revenue

Business strategy = how your business will compete

Continuously capturing purchase orders by satisfying customer needs. How to accomplish?

Beating your competitors in a battle for share of market;Becoming the preferred supplier of products and services

Becoming the low cost provider

Of products And services

Employing differentiated

business methods and approaches

Targeting a Narrow Niche:

Industry, geography,

product/service

Developing Differentiated,

innovativeproducts and

services

Superior sustainable financial performance

YOUR VENTURE

KNOWLEDGE

PHYSICALPEOPLE

INFRASTRUCTUREYOUR

IMAGINATION

FINANCIAL