Copyright © 2007 South-Western. All rights reserved. Chapter 6 Entrepreneurship and Business Planning
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Copyright © 2007 South-Western. All rights reserved.
Chapter 6Entrepreneurship and Business Planning
Copyright © 2007 South-Western. All rights reserved.
Entrepreneurship and Business Planning
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Learning Objectives
Entrepreneurship &BusinessPlanning
Risks Creating
Business Plan Enter Market
Competing
Copyright © 2007 South-Western. All rights reserved.
Entrepreneurship and Business Planning
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The Key Decisions in Running a Business
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Entrepreneurship and Business Planning
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New Business - Resources
CreatingEnter MarketCompetingBusiness PlanRisks
SBA
Yahoo !
American Express
Copyright © 2007 South-Western. All rights reserved.
Entrepreneurship and Business Planning
Portion of Graphic from pg 192will go here
Entrepreneurship
CreatingEnter MarketCompetingBusiness PlanRisks
DisadvantagesAdvantages
- Profit Potential
- Your Own Boss
- Direct Rewards
- Loss Potential
- Accountability
- Failure Possibility
Copyright © 2007 South-Western. All rights reserved.
Entrepreneurship and Business Planning
Portion of Graphic from pg 192will go here
Demand
CreatingEnter
MarketCompetingBusiness PlanRisks
Product Markets
Change
Flexibility
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Entrepreneurship and Business Planning
Portion of Graphic from pg 192will go here
Competition
CreatingEnter
MarketCompetingBusiness PlanRisks
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Entrepreneurship and Business Planning
Portion of Graphic from pg 192will go here
Segments
CreatingEnter
MarketCompetingBusiness PlanRisks
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Entrepreneurship and Business Planning
Portion of Graphic from pg 192will go here
Labor & Regulations
CreatingEnter
MarketCompetingBusiness PlanRisks
Labor Costs
Unions
Regulations
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Entrepreneurship and Business Planning
Portion of Graphic from pg 192will go here
Competitive Advantage
CreatingEnter MarketCompetingBusiness PlanRisks
Efficiency
Higher Quality
Copyright © 2007 South-Western. All rights reserved.
Entrepreneurship and Business Planning
Portion of Graphic from pg 192will go here
Internet and Advantage
CreatingEnter MarketCompetingBusiness PlanRisks
Website
Advertising
Sales
Expenses
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Entrepreneurship and Business Planning
Portion of Graphic from pg 192will go here
Business Plan
CreatingEnter MarketCompetingBusiness PlanRisks
1.Environments2.Management3.Marketing4.Financial
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Entrepreneurship and Business Planning
Portion of Graphic from pg 192will go here
Assess the Environment
CreatingEnter MarketCompetingBusiness PlanRisks
Economic
Industry
Global
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Entrepreneurship and Business Planning
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Management Plan
CreatingEnter MarketCompetingBusiness PlanRisks
Organization
Production
H.R.
PRES
MGR
SALES
SALES
SALES
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Entrepreneurship and Business Planning
Portion of Graphic from pg 192will go here
Marketing Plan
CreatingEnter MarketCompetingBusiness PlanRisks
Product
Pricing
Distribution
Target Market
Promotion
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Entrepreneurship and Business Planning
Portion of Graphic from pg 192will go here
Financial Plan
CreatingEnter MarketCompetingBusiness PlanRisks Financing
Feasibility
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Entrepreneurship and Business Planning
Portion of Graphic from pg 192will go here
Business Plan Decisions
CreatingEnter MarketCompetingBusiness PlanRisks
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Entrepreneurship and Business Planning
Portion of Graphic from pg 192will go here
Business Risks
CreatingEnter MarketCompetingBusiness PlanRisks
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Entrepreneurship and Business Planning
Portion of Graphic from pg 192will go here
Business Insurance
CreatingEnter MarketCompetingBusiness PlanRisks Insert Exhibit 6.7 from page
221
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