George Wight ---Professional Entrepreneur
ABOUT US George Wight is a professional entrepreneur from Cornell College, with a Bachelor of Science (BS) focused in Economics & Business, American History. George Wight is a Volunteer in Armada Institute attempt to educate and expand consciousness of global water quality. The question of how to become an entrepreneur is very difficult to young one who just start a business. Well, I think it's necessary to consider that there's a lot of differences between an ordinary business owner and an entrepreneur. This is always difficult, to choose a adviser who guide you properly . So, choose Your Adviser Carefully, who advise you properly on how to establish your business. George Wight is the renowned entrepreneur and great business personality who helps you to establish your business in great manner.
ENTREPRENEURSHIP Entrepreneurship is the process of creating new with value of devoting the necessary time and effort, assuming the accompanying financial and social risk and receiving the resulting rewards of monetary and personal satisfaction and independence.
TYPES OF ENTREPRENEUR Classification according to the business • Business Entrepreneurs. • Trading Entrepreneurs • Industrial Entrepreneurs • Corporate Entrepreneurs • Agricultural Entrepreneurs Classification according to technology • Technical Entrepreneur. • Professional Entrepreneur. • Non-Technical Entrepreneur. • High- Tech Entrepreneur.
STAGES OF ENTREPRENEURIAL PROCESS •Conducting Opportunity Analysis. •Developing the plan and setting up the company. •Acquiring financial partners and source of funding. •Scaling and harvesting the venture. •Determining resources required and implementing the plan
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CREATIVITY AND INNOVATION •Sources of new ideas. -Consumers -Existing companies. -Distribution channels. -Research and development. •Methods of generating Ideas -Focus Groups. -Brainstorming. -Problem inventory analysis.
THE BUSINESS PLAN The Business plan will take more than 200 to 300 hours to prepare, depending upon the experience and knowledge of the entrepreneur as well as the purpose it is intended to serve. The detail outline of the business plan is as follows: •Introductory Page. - Name and address of the business. - Name and address of the entrepreneur. - Nature of the business. • Executive summary - The summary should be at least four pages that summarizing the complete business plan. •Industry Analysis. - Future outlook and trends. - Analysis of competitors. - Market segmentation. - Industry forecasts.
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