TOPIC 2 ENT241

ENTREPRENEURSHIP WITH
DIGITAL APPLICATION
The process of creating, developing, and
communicating ideas which are abstract, concrete, or
visual. The process includes the process of constructing
through the idea, innovating the concept, developing
the process, and bringing the concept to reality.

When planning for a new business, most aspiring

entrepreneurs seem to try to prove to a skeptical
world that their idea can really work.

ENT241

ENTREPRENEURSHIP WITH DIGITAL APPLICATION

Every business begins with the availability of an opportunity.
Opportunity is when there is a space to offer goods or services in any
specific market.

When:
I. Products have been available but not fulfilling the customers
demand.
II. Customers demand for something better than what available in
the market.
III. They want more choices, so that they would be able to choose
according their tastes and preferences.
IV. They want something different from what has been offered

Thus it is not easy to choose an idea and realize it.

ENT241 I ENTREPRENEURSHIP WITH DIGITAL APPLICATION

3
BUSINESS IDEA AND SELECTION OF BUSINESS OPPORTUNITY

A business idea starts with an opportunity. A business opportunity exists when there
is demand for goods and services to meet the needs and wants of community.

STEPS IN IDENTIFICATION, EVALUATION AND SELECTION OF BUSINESS OPPORTUNITY.

STEP 1: Identification Of Needs And Wants Of

Consumers.
STEP 2: Scanning The Environment And Evaluating
Of Self And The Community
STEP 3: Screening Of Business Opportunities
STEP 4: Selecting A Business Opportunity And
Preparing A Business Plan.

ENT241 I ENTREPRENEURSHIP WITH DIGITAL APPLICATION

4
 FLOW OF IDEA VALIDATION

COMMUNICATE WITH CONSUMER

PRODUCTS AND SERVICES MUST BE SOLVE THE PROBLEM OF CUSTOMER
BUSINESS LIFE CYCLE & SUSTAINABILITY

ENT241 I ENTREPRENEURSHIP WITH DIGITAL APPLICATION

EXAMPLE

ENT241 I ENTREPRENEURSHIP WITH DIGITAL APPLICATION

PRODUCT LIFE CYCLE THROUGH INNOVATION
PROCESS

ENT241 I ENTREPRENEURSHIP WITH DIGITAL APPLICATION

 DEVELOPMENT OF BUSINESS MUST BE :

ORGANIC
IT IS EASY START YOUR BUSINESS BASED ON YOUR INTERREST AND PASSION RATHER THAN
INVOLVES IN BUSINESS OF OTHERS

LOAN vs OWN MONEY ?

ENT241 I ENTREPRENEURSHIP WITH DIGITAL APPLICATION KFP 15

BUSINESS LEGACY THROUGH ORGANIC BUSINESS

ENT241 I ENTREPRENEURSHIP WITH DIGITAL APPLICATION

BUSINESS IDEA CREATION

ENT241 I ENTREPRENEURSHIP WITH DIGITAL APPLICATION

CREATING MONEY VS EXPANDING BUSINESS

ENT241 I ENTREPRENEURSHIP WITH DIGITAL APPLICATION

ENJOY THIS VIDEO.TQ