Financial Planning Financial modelling A financial model or plan: ventureâs financial position and development over time based on a set of assumptions in a set of financial…

Sources of Capital The Smart Entrepreneur Sources of Finance Internal Finance Cash Flow from sales Reinvested profits External Finance Debt Equity Strategic partners Subsidies…

Business Model Copyright of Bart Clarysse and Sabrina Kiefer The Smart Entrepreneur Blue Oceans = value innovation (a new market space within mature industry) Compete in…

Financial viability of a business model The Smart Entrepreneur Assessing financial viability early â Whatâs this? Early assessment tool /process to test the financial viability…

Successful entrepreneurs don’t just have ‘Eureka’ moments; they seek out opportunities... but also reshape and refine them Opportunities frequently come from unsolved…

1. Empathic Design The Smart Entrepreneur 2. GREAT IDEA! But does anyone want it? Copyright of Clare Brass RCA 3. Empathic Design: the background “We think the Mac will…

1. Protection Mechanisms besides IPR The Smart Entrepreneur 2. Protectability When Intellectual Property Rights are not available or not appropriate, there are other kinds…

1. Patents The Smart Entrepreneur 2. Patents Protectability Copyright of Bart Clarysse and Sabrina Kiefer The Smart Entrepreneur 3. What is a patent? • A patent is a deal…

1. Value Network The Smart Entrepreneur 2. Value Network • Similarly to a Value Chain, a Value Network plots the way in which value is created in a product/service offering,…

1. Overview: Appropriability The Smart Entrepreneur 2. What is ‘Appropriability’? • ‘Appropriability’ refers to the framework of legal and economic conditions affecting…