Mastering the Entrepreneurial Spirit and Business Planning
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What is up?
The word entrepreneur comes from the French "entrepreneur", originally used to refer to adventurers who came to the New World. Today, this same attitude toward the uncertainty of perceptions describes the entrepreneurial spirit with terms like innovative, flexible, dynamic, able to take risks, creative, and growth-oriented.
Characteristics of an Entrepreneur
- Initiative
- Decision
- Confidence
- Skills and personal attitudes
- Organizational and coordination skills
- Adapting to change
- Leadership
- Negotiating stance
- Competitiveness
- Endurance
- Stamina
Areas in Which You Can Take Action
- Business projects
- Family projects
- Professional projects
- Social projects
- Cultural projects
- Spiritual projects
The Project to Create the Company
The project stems from the idea which comes to developers. Since that time, it has proved necessary to carry out an exhaustive study to determine the feasibility of the project and the launch of the company. The study will be more or less deep according to the type of company to create and the investment to make; this will lead to the business plan.
Business Plan
The business plan is a document that reflects the content of the business project and is the focus of most of this chapter. It starts by identifying the characteristics and qualities that are going to be required of the employer, followed by an analysis of business ideas, highlighting the importance that creativity has in this process. Issues such as the following must be studied and defined in maximum detail before starting the creation of the company:
- The market which the company will enter
- The predictable evolution of the same
- The competitors
- Commercial goals and expected sales to continue
- The necessary financial and technical resources, etc.
Phases of Business Development
- Generation of the idea
- Definition of a business project
- The launching
- Consolidation of the company activity
The Business Idea
The origin of a business plan revolves mostly around an idea—that intuition, observation, chance, or even "lightning" that makes us see a possible opportunity to develop a business. The idea, in spite of what may be surprising on occasion, is not an isolated incident; rather, it is generally a product of consistent and inconsistent reflection through a certain process. The important thing is that it constitutes the engine and the motivation to start a business project.
How to Find a Workable Idea
- Observation
- Detection of needs
- Current information (releases)
- Translating successful foreign ideas