 COURSE OUTLINE
       Idea Generation
       Environmental Scanning
       New Venture Financing
       Financial Planning and Management
       Feasibility Study and business plan
       Staffing
       Business Strategies
       Documentation/book-keeping
       Marketing
       Introduction of successful entrepreneurs
                             Ent 221: Introduction To Entrepreneurial Studies II by Kifordu 
                              A.A. is licensed under a Creative Commons Attribution-
                              NonCommercial-ShareAlike 4.0 International License.
        IDEA GENERATION
        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.
                            Ent 221: Introduction To Entrepreneurial Studies II by Kifordu 
                             A.A. is licensed under a Creative Commons Attribution-
                              NonCommercial-ShareAlike 4.0 International License.
       SOURCES OF GENERATING NEW BUSINESS 
          IDEAS
       From consumer or target audience
       From existing products and 
        services
       From marketing distribution 
        channels
       From research and development 
       From the Government of the day
                            Ent 221: Introduction To Entrepreneurial Studies II by Kifordu 
                             A.A. is licensed under a Creative Commons Attribution-
                              NonCommercial-ShareAlike 4.0 International License.
        Types of Business Opportunities For 
           Entrepreneurs
       • There are many business opportunities open out there within and 
         around  you  if  you  are  creative  enough  to  discover  them. 
         Opportunities  in  them  need  to  be  discover  not  merely  at  the 
         surface  but  in-depth.  Opportunities  could  also  be  created 
         originally from one’s idea, creativity and innovation
       o
         Buy a Franchise
       o
         Distributorship or Dealership
       o
         Network Marketing
       o
         Licensing
       o
         Finding and Filling a Niche
                              Ent 221: Introduction To Entrepreneurial Studies II by Kifordu 
                               A.A. is licensed under a Creative Commons Attribution-
                                NonCommercial-ShareAlike 4.0 International License.
        Business Opportunities Guide
        • You do not need to go far, thinking on what your business will provide. 
          Your God-given talent, passion, gifts, skills or natural endowments are 
          already the place to start from. Are you good in a particular subject? 
          Then provide a solution or services in that area...Student I
         
        • Do you have a talent or are you inclined in one natural skill or the other. 
          That could be the answer. What are your unique skills, talent or natural 
          endowment? Remember your life purpose does not necessarily mean 
          what you do. This is true because what you do is not what you are. So 
          don’t just limit yourself to your certificate or what course you read in 
          school or your current job…..Student II
        • You are unique in yourself. Find out what is unique with you and that 
          might be your place of business. Don’t be in bondage. You are free to be 
          your natural self. Appreciate your uniqueness and give God praise. The 
                                 Ent 221: Introduction To Entrepreneurial Studies II by Kifordu 
                                  A.A. is licensed under a Creative Commons Attribution-
          world is waiting for just you. You have something to offer and until you 
                                   NonCommercial-ShareAlike 4.0 International License.
          manifest in God’s design you cannot find true happiness….Student III