Leaning Outcomes

By the end of the programme, participants should be able to:
• Identify and determine what entrepreneurs need to know about the critical driving forces in a new venture success
• Critically assess successful entrepreneurs and investors create, find and differentiate profitable and durable opportunities from just “another good idea”, and how opportunities evolve over time
• Estimate and determine the necessary financial and non-financial resources needed for new ventures, identify the criteria used to screen and evaluate proposals, the attractiveness and risk, and how to obtain start-up and early growth capital
• Determine the critical tasks to be accomplished, the hurdles to overcome during start-up and early growth, and what has to happen to succeed
• Apply the Venture Opportunity Screening Techniques to an actual start-up idea, and subsequently, be able to develop and prepare a business plan suitable for guiding start-up, attracting financing and realizing an eventual harvest
• Craft and prepare a personal entrepreneurial strategy to identify relevant issues, requirements and trade-offs

Programme Outline

• Importance and scope of entrepreneurship in South Africa
• The fundamental concepts of entrepreneurship
• Opportunity Screening: The driving forces of successful new venture creation
• Intrapreneurship: Referring to the need for entrepreneurship in big companies
• Opportunity Screening - identifying and presenting an original opportunity
• Innovation and commercialization
• The writing of a business plan
• Creating an entrepreneurial team
• Determining the amount of capital / resources needed to start a business
• Assessing the various sources of funding, focusing on debt and equity