Future Billionaire
Future Billionaire
Future Billionaire
Who is an entrepreneur?
An entrepreneur is a person who
starts a business based on a new
idea, taking financial risks in the
hope of earning a profit.
Qualities of an entrepreneur
Innovative
Visionary and
a leader
Flexibility
Confident
Optimistic
Risk bearer
Open minded
Rewards
• Control
• Excitement
• Freedom
• New skills
• Rational income
• Impact
Risk involved
No steady income
Emotional risk
What is entrepreneurship?
Entrepreneurship is the process of setting
up a business, taking it from an idea to
realisation. It is the ability and readiness
to develop, organise and run a business
enterprise, along with any of its
uncertainties in order to make a profit.
Let’s begin with the journey
towards Entrepreneurship!!!
Application by Financial literacy and Entrepreneurship
Steps towards entrepreneurship
Step 2: Business
plan Im
e ss pl St
s in bu em ep
Bu sin en 3:
1: dea e s t at i
t ep i s p on
S la o
n f
Introduction to Business Idea
Innovation:
Innovation means generating a new idea with which you can start a business
and achieve a substantial amount of profits. Innovation can be in the form of a
product, i.e., launching a product that no one is selling in the market.
Innovation means “doing new things or doing the things that are already being
done in a new way.”
Business Idea
Sustainability:
Scalability :
Scalability allows a business to grow
and generate revenue without being
held back by its structure or lack of
resources. As a company's sales
volume increases, it can maintain or
boost its efficiency.
Business Idea
A business plan lays out a written road map for the company
from marketing, financial and operational standpoints for
achieving the business goals.
• Business
structure.
• Financial • Selling
Plan. Strategies.
• Marketing
Strategies.
Business plan may include:
Business structure.
• The rationale of why the business idea is unique.
• Impact of the business on society at large.
• Impact on the social and environmental cause.
• Proposal for the sustainability of the business.
• Reason on why the brand will stand out in the market.
• The value of the business/company after 5 years, projection and
forecast.
• Company name and logo: the reason for choosing the same.
Business plan
Business Structure:
Organisational Structure
Teacher Managing Director – Governing body 1
Group Members 7
Total 13
Business plan
Selling Strategies:
• What your core product or service?
• Who are your main customers?
• Why they should choose you and your product or service
over your competitors?
• How will you sell your Product and services?
Business plan
Marketing Strategies:
• Know your Buyer’s tastes and preferences.
• What is your Marketing Budget?
• What are your Performance Goals?
• What’s your Unique Selling Proposition?
Business plan
Financial source:
• Capital is cash, machinery,
equipment and other resources
invested by the owner in the business.
• Banks and other financial
institutions provide loans.
• Investors ready to invest in your
business for part ownership.
Business plan
Financial Plan:
• What are your projected sales weekly, monthly,
quarterly and yearly?
• What will your cash flow look like – Credit and Cash
transactions?
• How much profit do you expect to make monthly and
quarterly?
Implementation of Business plan
Implementation of plan:
• How will you put those plans into action?
• What milestones will you use to show progress in
your plan?
Various types of startups or business
Market/Scope of market 10
Potential/Vitality of ideas 10
Ease in Business Model 20
Costing Structure 10
Profitability 20
Sustainability 10
Uniqueness in Problem solving 10
Brand position 15
Marketing plan 15
Ease in Diversification 10
Year on year growth plan 10
Social impact 5
Environmental impact 5
TOTAL 150