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Starting and Building Your Business

Sci0009 – Writing an Initial Business Plan

The purpose of the initial business plan is to communicate professionally what you have conceived to others who may not be familiar as you are about your project and of the opportunities you are after. Mr Inderjit Singh – The Art and Science of Entrepreneurship In the early stages of the start up, the business plan acts as a guide ...

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Sci0008 – The Need for Special Skills

Special skills are also needed when implementing and adapting the plan as the company plans get implemented…Savvy investors will look out for the ability of the entrepreneur and the team to make the idea work as a business and they will look out for evidence of this ability through the business plan presented to them. Mr Inderjit Singh – The ...

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Sci0007-Getting the Team Together

The process of turning an idea into a business always involves a group of people that the entrepreneurs knows and trusts. Because it is too early to be discussing the ideas and potential plans with just anyone, it is important that the initial group should be a very trustworthy one – one that is more likely to join in or ...

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Sci0006 – The Back of the Envelope Plan

So what does it take to transform an idea into a business, or perhaps first into a plan then a business? First you have to start with an idea, next pen it down and communicate it with others, following which, you need to elaborate on the plans and strategies, look for money, and finally complete the necessary documents and agreements. ...

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Sci0005-Making the Plan Fluid

Plans never go as smoothly as you would hope. There are always some kinks or changes along the way. A rigid plan may not be able to withstand the obstacles thrown or the changes that are happening. There may be instances when the market and environment may shift and things may look a lot more different than what was originally ...

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Sci0004 – What is Calculated Risk?

Entrepreneurs are risk takers, you hear this all the time. But does that mean that they will take any and every risk? Will they jump off a plane without a parachute? NO! Of course not. What entrepreneurs do is to take calculated risks. They work out how much risk is involved in their idea, and then they cut it down ...

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Sci0003-The Process of Transformation 2

To plan is one thing, to execute and implement is another. Plans made should be executable and should be ready to be implemented to its best level. For this it would be best to break down your strategies and plans into detailed steps. An example would be: Social Media Marketing Strategy for Online T-shirt Business Sign up for Facebook (Pages, ...

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Sci0002 – The Process of Transformation Part 1

Many people do not realize the idea they have conceived may not necessarily make a successful business. People also have been taking for granted that once an idea is conceived, the creation of the business is going to work automatically. To be able to spot a winning company at its early stages depends on the ability to spot the person or ...

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Sci0001 – From Idea to Business

“If we study all the successful as well as failed companies, it will become obvious that the difference between the successes and the failures were really determined by how well the entrepreneur managed to convert the original idea into a working business with all the bells and whistles that make a business tick.” Mr Inderjit Singh – The Art and Science ...

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