What is entrepreneurship?
Entrepreneurship is the process of bringing to life a venture that addresses a market need, want or takes advantage of a new opportunity. The word ‘entrepreneur’ comes from the French word ‘entreprendre’ which means ‘to undertake’. Over the next two days, each of you will flex your entrepreneurial muscles as you design your own business concept in groups. You’re joining the over 400 million entrepreneurs in the world – each adding economic value to society in their own way…
Ideation is the process of developing new ideas or concepts. You started this activity during our first session. In your teams, you discussed your passions and interests –You worked within your teams and discussed what social problem there is within your community OR issues you are particularly passionate about. You worked collaboratively and circled any issues you think you might be able to work or use as the purpose of your social enterprise.
Then you moved onto the ‘wants and needs of the market’ – these are all the trends, gaps in the market or opportunities that your group thinks might exist.
Then the hard part – combining your group’s passions and interests with the wants and needs of the market to create a business concept and then bringing it to life.
Now you’ve agreed on a business concept that you’ll work together on for the next two days, using the form below to work together as a group to summarise your concept in one sentence. Make sure it clearly explains what your business idea will do.
Now you have your team – your business idea – and team roles. One person needs to take on the role of Managing Director, the person that will lead and guide your team throughout the process. The other roles your team might have is up to you and dependent on your business idea. You might have somebody that looks at marketing, finance, web design etc. Confirm your roles using the button below.