Transversal Learning and Development

Entrepreneurship 101

This course is part of the Entrepreneurship & Business Development Specialization

Course Overview

Wouldn’t it be nice to be your own boss, work on your own schedule, and make money doing something that you’re passionate about? Millions of people around the world are living that dream and running their own business.

This course will teach you the basics of entrepreneurship. You’ll consider if entrepreneurship is right for you and learn the basic steps of creating your own business.
At the end of the course, you’ll have a solid foundation to start your entrepreneurial journey.

What you'll learn

⇒   Identify the traits of an entrepreneur and assess your own entrepreneurial capabilities
⇒   Outline and evaluate a business idea
⇒   Develop a product idea
⇒   Identify your target market and customers
⇒   Develop your value proposition
⇒   Understand different types of business ownership and structures
⇒   Evaluate franchising and business purchasing opportunities
⇒   Create a pitch deck, executive summary, company presentation, technical white paper, and business plan
⇒   Create financial projections for your business
⇒   Identify where to find business funding
⇒   Create a product development plan, marketing plan, and sales strategy
⇒   Identify ways to protect your intellectual property
⇒   Describe effective ways to brand your product
⇒   Choose the right location for your business
⇒   Launch and grow your business
⇒   Demonstrate the behaviors of an entrepreneurial leader
⇒   Find appropriate resources to help you on your journey

Self-Paced

Learn at your own schedule

12 hours

Estimated time of complete

English

Language

$119.00

Cost

Verifiable

Verified Certificate

Average Salary by Entrepreneurs

$43,240 up to $133,961

Course Outline

– Course Overview
– Learning Objectives
– Pre-Assignment
– Pre-Course Assessment

– Pre-Assignment Review
– Traits of an Entrepreneur

– Introduction
– Friends and Family
– Books, Magazines, Industry Publications, and Social Media Training
– Mentors, Coaches, and Consultants
– Government Organizations
– Chamber of Commerce
– Business Groups
– Special Programs

– Finding Business Ideas
– What Other Skills Do I Have?
– What Can I Make Money At?
– What Problems Exist?
– What If I Already Have a Business Idea?
– Considering the Options, Part One
– What Other Skills Do I Have?
– What Can I Make Money At?
– What Problems Exist?
– What If I Already Have a Business Idea?
– Outlining Your Ideas
– How Much Research Should I Do?
– Asking Others for Their Advice
– Making Connections
– Considering the Options, Part Two
– Idea One
– Idea Two
– Idea Three
– Assessing Your Ideas
– SWOT Matrix
– Advanced Types of SWOT Analyses
– Considering the Options, Part Three
– Evaluating Your Capacity for Risk
– There Are Options!
– Caution!

– Developing Your Product Idea
– Problem Statement
– Functional and Non-Functional Requirements
– Features and Benefits
– User Stories
– Making Connections
– Identifying Your Target Market and Customers
– Step One: Theories
– Step Two: Testing
– Step Three: Take It All In
– Developing Your Value Proposition
– Creating Financial Projections
– Sample Sales Process
– Things to Consider
– Part Two: Sales Metrics
– Sample Sales Metrics: Bicycle Company
– Sample Sales Metrics: E-Commerce Company
– Getting it Right
– Part Three: Expenses
– Part Four: Calculating Ratios
– Operating (Net) Margin
– Head Count per Client

– Types of Business Ownership
– Speaking About the Entrepreneur
– Purchasing a Franchise
– Where to Find Franchises and Resources?
– Words of Warning
– Purchasing an Existing Business

– The One-Page Plan
– The Formal Plan
– Executive Summary
– Polishing the Executive Summary
– Pitch Deck
– Sample Pitch Deck
– How It Works
– 30-Second Pitch
– Pitch Template
– Practicing the Pitch
– White Papers

– The Basics of Financial Statements
– The Income Statement
– Income Statement Equation
– Sample Income Statement
– The Balance Sheet
– Balance Sheet Equation
– Balance Sheet Accounts
– Current vs. Fixed Assets
– Cash Flow Statement
– Statement of Retained Earnings
– Brainstorming Solutions
– Funding Options

– The Steps of Product Development
– Idea Development
– Planning
– Design
– Beta and Quality Testing
– Limited Production and Quality Testing
– Full Production, Quality Checks, and
– Product Release
– Protecting Your Intellectual Property
– What is Intellectual Property?
– Following the Rules
– What Should Be Copyrighted?
– Is It Worth It?
– Employee and Contractor Agreements

– Introduction to Marketing
– Cycle Overview
– Stage One: Consumer and Market Analysis
– The Buying Process
– Segmentation
– Stage Two: Analyzing the Competition and Yourself
– SWOT Analysis
– Next Steps
– Stage Three: Analyzing Distribution Channels
– The Distribution Process
– Stage Four: Creating a Marketing Plan
– Product
– Price
– Place
– Promotion
– Packaging
– Making Connections
– Stages Five and Six: Implement, Evaluate, Review, and Revise
– Leveraging Social Media
– Building Your Sales Force

– What Branding Is All About
– Why a Brand?
– What’s In a Brand?
– What is Branding, Then?
– Why Branding is the Most Important Investment a Company Can Make
– Developing a Slogan
– Types of Logos
– Letterform
– Wordmark
– Emblems
– Getting Creative

– Choosing a Location
– Finding Resources
– Asking the Right Questions
– The Pros and Cons of Home-Based Businesses
– The Roaming Entrepreneur

– Getting Off the Ground
– The Launch
– Setting Up Your Organizational Chart
– First Stages of Growth
– Next Stages of Growth
– Recruiting and Engaging the Right People

– Keeping Track of Your Business
– Other Considerations
– Growing Your Business
– Don’t Give Up!
– Coming Out on the Other Side

– Michael Gerber’s Three Perspectives
– Identifying the Activities
– Working It Out
– Case Study
– Activity

– Checklist for Success
– Entrepreneurial Traits
– Resources to Consider
– Business Groundwork
– Developing Your Product Idea
– Identifying Your Target Market and Customers
– Developing Your Value Proposition
– Creating Financial Projections
– Product Development
– Intellectual Property
– Sales and Marketing
– Branding
– Choosing a Location
– Getting Off the Ground
– Setting Up Your Organizational Chart
– Keeping Track of Your Business
– Entrepreneurial Leadership Characteristics

Session 17: A Personal Action Plan
Starting Point
Where I Want to Go
How I Will Get There

18. Summary
19. Recommended Reading List
20. Post-Course Assessment