Editing User:Jukeboksi/BBA studies/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 ==

Teacher: Ville Hanni

Study material: ?

Part of [[:Category:Developing Entrepreneurial Competencies|Developing Entrepreneurial Competencies]]



=== Starting and developing a business ===

So you want to be an entrepreneur..

* Make a '''[[w:business plan|business plan]]'''  ( [[w:fi:Liiketoimintasuunnitelma]] ) 

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]]
* 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 ===
* 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]] ( [[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]]''' ( [[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 ===
Different ways of becoming an entrepreneur
:#) Totally new business with new business idea
:#) Acquisition of an existing business
:#) '''[[w:Franchising]]''' ( [[w:fi:Franchise]] ) is the practice of using another firm's successful business model. ( Wikipedia )

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

::'''[[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]]''' ( [[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 )
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=== Entrepreneurship class week 13 ===

* '''[[w:PESTEL]] analysis'''

Business idea development process:
#) Idea
#) Analyze markets
#) Solution
#) Figures ( to prove liability )

=== Entrepreneurship class week 17 ===
''' How to get funding? '''

''SME''

* '''FFF''' ( Family, Friends , Fools )
* '''[[w:Venture capital]]''' ( [[w:equity]] investment )
* '''[[w:Loan]]''' is a debt evidenced by a note which specifies, among other things, the principal amount, interest rate, and date of repayment. ( Wikipedia )
* [[w:Tekes]], Finnvera etc.
* [http://fvca.fi/ Finnish Venture Capital Association] has some information

''Large business''
 
* Selling '''[[w:share]]s'''
:: 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  ( [[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 )

* 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 )

* '''Equity based loans'''

* A '''[[w:Public offering]]''' is the offering of securities of a company or a similar corporation to the public. ( Wikipedia )

::** An '''[[w:initial public offering]]''' ('''[[w:IPO]]''') or stock market launch is a type of '''[[w:public offering]]''' where shares of [[w:stock]] in a company are sold to the general public, on a [[w:securities exchange]], for the first time. Through this process, a [[w:private company]] transforms into a [[w:public company]]. Initial public offerings are used by companies to raise expansion capital, to possibly [[w:monetize]] the investments of early private investors, and to become publicly traded enterprises. ( Wikipedia )
 
* Selling '''[[w:bond]]s''' 
::In [[w:finance]], a bond is an instrument of indebtedness of the bond issuer to the holders. It is a debt [[w:security (finance)|security]], under which the issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay them [[w:interest]] (the [[w:coupon (bond)|coupon]]) and/or to repay the principal at a later date, termed the [[w:Maturity (finance)|maturity]].

'' Other stuff ''

* '''[[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}}

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<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]]