Being fully present in the moment helps you develop an appreciation for all that life offers, and mindfulness meditation can help you achieve this. It involves paying attention to your thoughts, feelings, and sensations without reproach or judgment. It encourages you to…
15.1 Launching Your Venture Before launching a venture, the entrepreneurial team should ensure its members agree on the vision and then develop a founder’s agreement. The company culture should be defined, and a code of conduct developed. The team should identify…
Learning Objectives By the end of this section, you will be able to: Figure 15.13 Taking the time to record your thoughts and activities provides new learning opportunities. (credit: “Journaling” by Vic/Flickr, CC B 2.0) Consider the journey of learning about entrepreneurship…
Learning Objectives By the end of this section, you will be able to: Depending on your experience as a first-time entrepreneur, you have a new set of choices in front of you. If you enjoyed the experience, felt the thrill…
Learning Objectives By the end of this section, you will be able to: You’ve learned about some of the challenges in starting the venture and the types of decisions that the entrepreneurial team must make, as well as the importance…
Learning Objectives By the end of this section, you will be able to: Now that you are prepared to launch your business venture, let’s look at your business plan and the assumptions you made while preparing it. Did you keep…
Learning Objectives By the end of this section, you will be able to: The big day has arrived. Your opportunity recognition process noted that your idea solves a significant problem or need, you double-checked that the target market is large…
Figure 15.1 Consider the importance of having a source of light when the sky is dark, or when disaster strikes and electricity is lost, or for some people, when the infrastructure for electricity doesn’t exist. Andrea Sreshta and Ana Stork identified this…
14.1 Types of Resources Determining which resources a venture needs is essential to its success. Assets are types of property that benefit the person or company in possession of them. They can be tangible or intangible. Tangible resources can be seen,…
Learning Objectives By the end of this section, you will be able to: The evaluation of needed resources does not end with the startup phase. This is an essential activity that the business owner must engage in throughout the life…