User:Jukeboksi/BBA studies/Entrepreneurship: Difference between revisions

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{{Q|'''[[w:Entrepreneurship]]''' comes from the French verb 'entreprendre' which means 'To undertake,' is the act and art of being an entrepreneur or one who undertakes innovations or introducing new things, finance and business acumen in an effort to transform innovations into economic goods.|Wikipedia|[[entrepreneurship]]}}
{{Q|'''Entrepreneurship''' comes from the French verb 'entreprendre' which means 'To undertake,' is the act and art of being an entrepreneur or one who undertakes innovations or introducing new things, finance and business acumen in an effort to transform innovations into economic goods.|Wikipedia|[[w:entrepreneurship|entrepreneurship]]}}


== Entrepreneurship ==
== Entrepreneurship ==
Teacher: Ville Hanni
Study material: ?
Part of [[:Category:Developing Entrepreneurial Competencies|Developing Entrepreneurial Competencies]]


=== Starting and developing a business ===
=== Starting and developing a business ===
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So you want to be an entrepreneur..
So you want to be an entrepreneur..


* Make a '''[[w:business plan|business plan]]''' carefully. It will help clarify your own thoughts about your '''[[w:business idea|business idea]]''' and help in finding and [[w:negotiation|negotiating]] [[w:financing|financing]]
* Make a '''[[w:business plan|business plan]]''' ( [[w:fi:Liiketoimintasuunnitelma]] )
* Decide on '''[[w:type of business entity|type of business entity]]'''
 
* '''[[w:Startup company|Startup]]''' with '''[[w:seed funding]]''' and '''[[w:entrepreneur|entrepreneur]]''' startup money from gov't ( requires [[w:unemloyment|unemloyment]] status to be eglible, ask for "starttiraha" )
carefully. It will help clarify your own thoughts about your '''[[w:business idea|business idea]]''' and help in finding and [[w:negotiation|negotiating]] [[w:financing|financing]]
* Develop your [[w:SME]] with '''[[w:venture capital]]''' and/or internal funding from revenues.
* Decide on '''[[w:Types of business entity]]''' ( [[w:fi:Yhtiömuoto]] )
* '''[[w:Startup company|Startup]]''' ( [[w:fi:Startup-yritys]] )  with '''[[w:seed funding]]''' and '''[[w:entrepreneur|entrepreneur]]''' ( [[w:fi:Yrittäjä]] ) startup money from gov't ( requires [[w:unemloyment|unemloyment]] status to be eglible, ask for "starttiraha" )
* Develop your [[w:SME]] with ( [[w:fi:PK-yritys]] ) '''[[w:venture capital]]''' ( [[w:fi:Pääomasijoitus]] )  and/or internal funding from revenues.


=== Develop a more mature business ===
=== Develop a more mature business ===
* Raise funds with making new [[w:shares]] and selling them i.e. directed share emission ( causes dilutation of the existing shares )
* Raise funds with making new [[w:shares]] ( [[w:fi:Osake]] )  and selling them i.e. directed share emission ( causes dilutation of the existing shares )
* [[w:Mergers and acquisitions|Mergers and acquisitions]] and [[w:Corporate takeover|Corporate takeover]] can be done by swapping of shares ( '''merger''' ) or emission of shares ( '''acquisition''' of new business by giving it's former owners shares in your business )
* [[w:Mergers and acquisitions|Mergers and acquisitions]] ( [[w:fi:Yritysten sulautuminen]] )  and [[w:Corporate takeover|Corporate takeover]] can be done by swapping of shares ( '''merger''' ) or emission of shares ( '''acquisition''' of new business by giving it's former owners shares in your business )
* '''[[w:IPO|List shares publicly on a stock exchange a.k.a. an IPO]]''' - Enlisted companies have much better [[w:liquidity]]
* '''[[w:IPO|List shares publicly on a stock exchange a.k.a. an IPO]]''' ( [[w:fi:Emissio (taloustiede)]] )  - Enlisted companies have much better [[w:liquidity]] ( [[w:fi:Maksuvalmius]] )
 
=== Resource for the enterepreneur ===
[[Resources for the entrepreneur|Resources for the entrepreneur courtesy of GloBBA12.SI study wiki]]


=== Entrepreneurship class week 6 ===
=== Entrepreneurship class week 6 ===
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:#) Totally new business with new business idea
:#) Totally new business with new business idea
:#) Acquisition of an existing business
:#) Acquisition of an existing business
:#) '''[[w:Franchising]]''' is the practice of using another firm's successful business model. ( Wikipedia )
:#) '''[[w:Franchising]]''' ( [[w:fi:Franchise]] ) is the practice of using another firm's successful business model. ( Wikipedia )


Types of business ideas:
Types of business ideas:
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:#) Marketing idea
:#) Marketing idea


::'''[[w:Market segmentation]]''' is a [[w:marketing strategy]] that involves dividing a broad [[w:target market]] into subsets of [[w:consumer]]s who have common needs (and/or common desires) as well as common applications for the relevant goods and services. ( Wikipedia )
::'''[[w:Market segmentation]]''' ( [[w:fi:Segmentointi]] ) is a [[w:marketing strategy]] that involves dividing a broad [[w:target market]] into subsets of [[w:consumer]]s who have common needs (and/or common desires) as well as common applications for the relevant goods and services. ( Wikipedia )


A '''[[w:risk]]''' can be a competitive risk, a technical risk or a '''[[w:financial risk]]'''.
A '''[[w:risk]]''' ( [[w:fi:Riski]] )  can be a competitive risk, a technical risk or a '''[[w:financial risk]]'''.


A '''[[w:feasibility analysis]]''' is an evaluation and analysis of the potential of the proposed project which is based on extensive investigation and research to give full comfort to the decisions makers. ( Wikipedia )
A '''[[w:feasibility analysis]]''' is an evaluation and analysis of the potential of the proposed project which is based on extensive investigation and research to give full comfort to the decisions makers. ( Wikipedia )
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:: A share is a single unit of ownership in a [[w:corporation]], [[w:mutual fund]], or any other [[w:organization]]. ( Wikipedia )
:: A share is a single unit of ownership in a [[w:corporation]], [[w:mutual fund]], or any other [[w:organization]]. ( Wikipedia )


* Selling '''[[w:option (finance)|option]]'''s  
* Selling '''[[w:option (finance)|option]]'''s ( [[w:fi:Optio]] )
::An option is a contract which gives the owner the right, but not the obligation, to buy or sell an [[w:underlying]] [[w:asset]] or [[w:financial instrument|instrument]] at a specified [[w:strike price]] on or before a specified [[w:expiration (options)|date]]. ( Wikipedia )
::An option is a contract which gives the owner the right, but not the obligation, to buy or sell an [[w:underlying]] [[w:asset]] or [[w:financial instrument|instrument]] at a specified [[w:strike price]] on or before a specified [[w:expiration (options)|date]]. ( Wikipedia )


* Selling '''[[w:convertible bond]]s'''
* Selling '''[[w:convertible bond]]s''' ( [[w:fi:Vaihtovelkakirja]] )
::A Convertible bond or a '''convertible note''' (a '''convertible debenture''' if it has a maturity of greater than 10 years) is a type of [[w:bond (finance)|bond]] that the holder can convert into shares of [[w:common stock]] in the issuing [[w:types of companies|company]] or cash of equal value, at an agreed-upon price. ( Wikipedia )
::A Convertible bond or a '''convertible note''' (a '''convertible debenture''' if it has a maturity of greater than 10 years) is a type of [[w:bond (finance)|bond]] that the holder can convert into shares of [[w:common stock]] in the issuing [[w:types of companies|company]] or cash of equal value, at an agreed-upon price. ( Wikipedia )


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'' Other stuff ''
'' Other stuff ''


* '''[[w:Hedge fund]]'''s are private, actively managed investment funds. They invest in a diverse range of markets, investment instruments, and strategies and are subject to the regulatory restrictions of their country. ( Wikipedia )
* '''[[w:Hedge fund]]'''s ( [[w:fi:Hedgerahasto]] )  are private, actively managed investment funds. They invest in a diverse range of markets, investment instruments, and strategies and are subject to the regulatory restrictions of their country. ( Wikipedia )
 
 
{{Aspects of capitalism}}
{{Private equity and venture capital}}
 
----
<center>This article '''used to be''' at the address '''<nowiki>https://GloBBA12.si/wiki/Entrepreneurship</nowiki>''' from 2012 to 2016 and '''<nowiki>https://wiki.study/regarding/Entrepreneurship</nowiki>''' from 2016 to 2020</center>
 
[[Category:realcontent]]
[[Category:Developing Entrepreneurial Competencies]]
[[Category:Mandatory courses in GloBBA]]
[[Category:First year studies in GloBBA]]
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