Monday 9 January 2012

Enterprise Lecture 6

Don't just get a Job....Why?

Issues within starting your own business;

It must be something that drives you from within and something that you feel very passionate about. A second personality, a continuation of yourself.

PRODUCT/PRICE/PROMOTION/PLACE

Marketing, brand, longevity, scarcity.

Starting a business, they think it takes luck, a clever idea or just knowing the right people. That's not true, its solely about you, you're the one who needs to make the impact.

-Do what you Love

-Start your business while you are a student or still employed.

-Don't do it on your own, get as much advice as you can.

-Write a Business Plan




-Do the Research

-Get Professional Help

-Get legal and tax issues right first time.




A business Plan is a 4 part document;

-Your mission and Values, Activity and skills required.

-Money, Finance needed Budgeting, Money Management systems

-Marketing, 4 P's, monitoring your competitors.

-Resources and Equipment needed (Overheads)

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