Completing this topic will enable you to:

LO1: The student will be able to explain the functions of business proposals, business requirements, business content and presenting business proposals.

LO2: The student will be able to demonstrate the application of research tools for business development.

Introduction: Unleashing Your Inner Entrepreneur

Last week, we embarked on our entrepreneurial journey, exploring the world of business models and the core principles that drive successful ventures.  You likely pondered the age-old question: Are entrepreneurs born, or can they be made?

Remember the YouTube videos:

  1. Entrepreneurship is about spotting opportunities

https://youtu.be/LctfWCH5j0w?si=S7FgxyaQia-a-6ny

  1. Entrepreneurship is about creativity, emphasising the importance of cultivating a growth mindset.

Similarly, other resources probably highlighted the key characteristics that successful entrepreneurs possess—characteristics you can actively develop.

This week, we delve deeper into these core principles, the fundamental building blocks of a successful entrepreneur. 

We'll explore concepts like:

  • Opportunity Recognition: How to spot opportunities where others see only challenges.
  • Innovation & Creativity: What sparks groundbreaking ideas and fuels disruptive change?
  • Resourcefulness & Adaptability: How to overcome limitations and navigate challenges with agility.
  • Customer Focus & Value Creation: Understanding what makes customers say "wow" and keeps them coming back for more.
By mastering these principles, you'll be well on your way to transforming your creative spark into a thriving business.  Get ready to unleash your inner entrepreneur!

You will spend approximately 16 (SLT) hours on this topic.

Last modified: Sunday, 26 January 2025, 4:08 PM