Entrepreneurship

Entrepreneurship
Teacher: Ville Hanni

Study material: ?

Part of Developing Entrepreneurial Competencies

Starting and developing a business
So you want to be an entrepreneur..


 * Make a business plan ( Liiketoimintasuunnitelma )

carefully. It will help clarify your own thoughts about your business idea and help in finding and negotiating financing
 * Decide on Types of business entity ( Yhtiömuoto )
 * Startup ( Startup-yritys )  with seed funding and entrepreneur  ( Yrittäjä ) startup money from gov't ( requires unemloyment status to be eglible, ask for "starttiraha" )
 * Develop your SME with ( PK-yritys ) venture capital ( Pääomasijoitus )  and/or internal funding from revenues.

Develop a more mature business

 * Raise funds with making new shares ( Osake ) and selling them i.e. directed share emission ( causes dilutation of the existing shares )
 * Mergers and acquisitions ( Yritysten sulautuminen ) and 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 )
 * List shares publicly on a stock exchange a.k.a. an IPO ( Emissio (taloustiede) ) - Enlisted companies have much better liquidity ( Maksuvalmius )

Resource for the enterepreneur
Resources for the entrepreneur courtesy of GloBBA12.SI study wiki

Entrepreneurship class week 6
Different ways of becoming an entrepreneur
 * ) Totally new business with new business idea
 * ) Acquisition of an existing business
 * ) Franchising ( Franchise ) is the practice of using another firm's successful business model. ( Wikipedia )

Types of business ideas:
 * ) Product idea
 * ) Service idea
 * ) Marketing idea


 * Market segmentation ( Segmentointi ) is a marketing strategy that involves dividing a broad target market into subsets of consumers who have common needs (and/or common desires) as well as common applications for the relevant goods and services. ( Wikipedia )

A risk ( Riski ) can be a competitive risk, a technical risk or a financial risk.

A 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 )

Entrepreneurship class week 13

 * PESTEL analysis

Business idea development process:
 * 1) ) Idea
 * 2) ) Analyze markets
 * 3) ) Solution
 * 4) ) Figures ( to prove liability )

Entrepreneurship class week 17
''' How to get funding? '''

SME


 * FFF ( Family, Friends, Fools )
 * Venture capital ( equity investment )
 * Loan is a debt evidenced by a note which specifies, among other things, the principal amount, interest rate, and date of repayment. ( Wikipedia )
 * Tekes, Finnvera etc.
 * Finnish Venture Capital Association has some information

Large business
 * Selling shares
 * A share is a single unit of ownership in a corporation, mutual fund, or any other organization. ( Wikipedia )


 * Selling options ( Optio )
 * An option is a contract which gives the owner the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price on or before a specified date. ( Wikipedia )


 * Selling convertible bonds ( Vaihtovelkakirja )
 * A Convertible bond or a convertible note (a convertible debenture if it has a maturity of greater than 10 years) is a type of bond that the holder can convert into shares of common stock in the issuing company or cash of equal value, at an agreed-upon price. ( Wikipedia )


 * Equity based loans


 * A Public offering is the offering of securities of a company or a similar corporation to the public. ( Wikipedia )


 * An initial public offering (IPO) or stock market launch is a type of public offering where shares of stock in a company are sold to the general public, on a securities exchange, for the first time. Through this process, a private company transforms into a public company. Initial public offerings are used by companies to raise expansion capital, to possibly monetize the investments of early private investors, and to become publicly traded enterprises. ( Wikipedia )


 * Selling bonds
 * In finance, a bond is an instrument of indebtedness of the bond issuer to the holders. It is a debt security, under which the issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay them interest (the coupon) and/or to repay the principal at a later date, termed the maturity.

 Other stuff 


 * Hedge funds ( Hedgerahasto )  are private, actively managed investment funds. They invest in a diverse range of markets, investment instruments, and strategies and are subject to the regulatory restrictions of their country. ( Wikipedia )