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Entrepreneurship: Difference between revisions
linking to Finnish Wikipedia
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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: | |||
* '''[[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 === | === Resource for the enterepreneur === | ||
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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 ) | ||