Youtor
Day54 Entrepreneurship amp Startups Daily MBA FBS Future Business School
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=myg-m1gNpgU
Day-54: Entrepreneurship Startups | Daily MBA | FBS | Future Business School • Description: • Welcome to Day-54 of the Daily MBA series at Future Business School! In today's session, we delve into the world of Entrepreneurship Startups. Entrepreneurship is the process of creating and managing a new business, typically starting as a small venture with innovative ideas and aspirations of growth. Understanding how startups operate, the challenges entrepreneurs face, and the strategies that lead to successful business ventures are critical for anyone looking to launch a new enterprise. • Topics Covered: • What is Entrepreneurship? • Entrepreneurship is the act of starting a business or a project in order to generate profit while assuming financial risks. Entrepreneurs are visionaries who take on the task of transforming an idea into a viable business. • Key Characteristics of Entrepreneurs: • Risk-Taking: Entrepreneurs often invest their own money or resources, accepting uncertainty in pursuit of profits. • Innovation: Bringing new products, services, or processes to the market is central to entrepreneurship. • Vision: Entrepreneurs are driven by their long-term vision and are often able to see opportunities where others do not. • Resilience: Successful entrepreneurs are resilient in the face of failure and continue to pursue their goals despite setbacks. • What are Startups? • Startups are young companies founded to develop a unique product or service, often with the intent of scaling rapidly. They differ from traditional small businesses due to their emphasis on innovation, scalability, and the potential to disrupt industries. • Phases of a Startup: • Idea Stage: Where entrepreneurs come up with the initial concept for their startup. • Seed Stage: Developing the idea further and seeking initial funding from investors or personal savings. • Early Stage: Building a prototype or minimum viable product (MVP) and refining the business model. • Growth Stage: Expanding operations, entering new markets, and seeking larger rounds of investment. • Exit Stage: Either through an acquisition, going public (IPO), or staying independent while growing profits. • Types of Entrepreneurs: • Small Business Entrepreneurs: Run traditional businesses like local shops or small-scale service providers. • Scalable Startups: These entrepreneurs aim to create companies that grow quickly and dominate the market. • Social Entrepreneurs: Focus on creating businesses that solve societal problems or work toward a social cause. • Intrapreneurs: Work within an existing organization but act as entrepreneurs by developing new ideas or divisions. • Challenges Faced by Entrepreneurs: • Access to Funding: One of the most significant hurdles for startups is securing enough capital to grow the business. • Market Competition: Competing with established players in the market can be daunting for new startups. • Uncertainty: Entrepreneurs often face ambiguity regarding product-market fit, customer demand, and future profitability. • Building the Right Team: A key factor in startup success is having a talented and motivated team that shares the founder's vision. • Funding for Startups: • Bootstrapping: Using personal savings or revenue generated by the business to fund its growth. • Angel Investors: Wealthy individuals who invest in startups during the early stages in exchange for equity. • Venture Capital (VC): Institutional investors that provide large sums of money to startups with high growth potential. • Crowdfunding: Raising small amounts of money from a large number of people, often through online platforms. • Grants and Loans: Government or private sector funding can provide financial support for startups. • Entrepreneurial Mindset: Entrepreneurs need to adopt a mindset that embraces challenges, learns from failure, and remains adaptable to changing circumstances. Persistence, problem-solving, and networking are key elements of entrepreneurial success. • Case Study: The Rise of Airbnb Airbnb began as a small idea where founders rented out air mattresses in their apartment to cover rent. Today, it’s a global company valued at billions, offering millions of accommodations worldwide. This transformation demonstrates the power of innovation, adaptability, and scaling in the startup world. • #Entrepreneurship #Startups #BusinessInnovation #BusinessGrowth #DailyMBA #FutureBusinessSchool #EntrepreneurMindset #StartupFunding #TechStartups #ScalableBusiness
#############################
