Entrepreneurship


Entrepreneurship

Entrepreneurship BBS204
 
Course Code BBS204
Qualification Statement of Attainment
Payment Options Upfront & Payment Plans
Delivery Online & Correspondence
Duration 100 Hours

 
Course Information

Are You Suited To Being an Entrepeneur?

Normally entrepreneurship this refers to a business, but not always.

Entrepreneurial ventures may for instance be a charity or community service.

They may also be a government or private project.

Not all businesses are entrepreneurial though!

Entrepreneurial ventures or projects have some characteristics that set them apart from other ventures or projects:

  • The entrepreneur provides a controlling link between various components of a venture (eg. Government, finance, customers etc)
  • Some aspect(s) are new (They are not simply repeating what others in the same situation have done before)
  • They offer more risk but the possibility of greater success
  • Motivation, excitement and anticipation of success is often higher amongst those involved

Lesson Structure

There are 10 lessons in this course:

  1. Scope & Nature of Entrepreneurship
    • What is a Entrepreneur
    • Types of Entrepreneurs
    • Factors Affecting Entrepreneurial Success
    • Sources for Business Ideas
    • Intrepreneurs
    • Ethics
    • Entrepreneurial Process
  2. Is Entrepreneurship Right for You
    • Reasons for Becoming an Entrepreneur
    • Skills Needed by Entrepreneurs
    • Determining How Suited You are to Being an Entrepreneur
  3. Assessing opportunities
    • Questions To Consider
    • Assessing Opportunities
    • Entrepreneurial Lifecycles (Opportunity Recognition, Opportunity Focussing, Resource Commitment, Market Entry, Full Launch and Growth, Maturity and Expansion, Liquidity Event)
  4. The Role of Market Research
    • Obtain, Analyse, and Interpret the information necessary
    • Who Will Buy Your Products and/or Services
    • What Do They Want
    • Market Research Steps
    • Types of Market Research (Market Research, Product Research, Promotions Research, Sales Research, Company Research)
    • Gathering Data (Primary Data, Secondary Data)
    • What Needs Research (Physical Attributes, Behavioural Characteristics of Customers, Identifying Best Prospects)
    • The Research Process
    • Statistics
    • Researching Competitors
    • Tracking Trends
    • Staying Ahead of Trends
    • Questionnaires
  5. Intellectual Property
    • Copyright
    • Contract Law
    • Public Domain
    • Right to Privacy
    • Law & the Internet
    • Electronic Publishing
    • Patents
    • Designs
    • Trademarks
  6. Legal & Ethical Concerns
    • Types of Business (Sole Trader, Partnership, Private Limited Companies, Public Limited Companies)
    • Terminology
    • Legal Obligations
  7. Operating a Business
    • Goals and Objectives
    • Resources –Premises, Equipment, etc
    • Stock & Suppliers
    • Identifying Business Functions
    • Thinking About Expenses & Costs
    • Dealing with Fluctuations in Demand
  8. The Business and Financial Plan
    • What is a Business Plan
    • Venture Capital
    • Forcasting
    • Setting Goals
    • Policies
    • Scheduling
    • Budgeting
    • Developing Procedures
    • What to include in a Business Plan
  9. Marketing
    • Gathering Information
    • Identifying Key Issues
    • Developing Strategies and Actions
    • Market Opportunity Analysis
    • Determine a Target Market
    • Engineer a Target Market
    • Market Objectives
  10. Launching a Venture
    • Launching
    • Start Up Assistance
    • Being Prepared for Change
    • Prepare Contingency Plans in Advance
    • Using Assets Well
    • Think Laterally
    • Core Business Focus
    • Taking Calculated Risks

Each lesson culminates in an assignment which is submitted to the school, marked by the school's tutors and returned to you with any relevant suggestions, comments, and if necessary, extra reading.

Aims:

  • Discuss the concept of entrepreneurship and identify the effect entrepreneurs can have on the economy.
  • Identify requirements to become a successful entrepreneur.
  • Clarify personal expectations, values, skills and experience.
  • Identify methods of investigating business opportunities that are in line with personal and business interests and values.
  • Discuss the importance of market research in order to understand potential customer requirements and market needs for a product and/or service.
  • Explain the legal and ethical aspects of ownership of ideas, designs, etc.
  • Explain and have the knowledge of relevant legislation and regulations affecting entrepreneurs.
  • Identify and explain all factors and costs that need to be considered in starting up and managing a venture.
  • Explain the essential elements of a business plan and the importance of financial planning.
  • Explain the key concepts of marketing to enable the student to develop and plan marketing strategies relevant to his or her entrepreneurial venture.
  • Describe various means available that can be used to launch and publicise a new venture.

Do you have what is takes to be an Entrepreneurs?

Entrepreneurs try to identify and meet a need for a product or service. Entrepreneurs come from all types of backgrounds, may be of any age, and create all kinds of businesses.  Some own tiny craft shops, while others own huge construction companies.  Entrepreneurs try to identify the needs of the marketplace and to meet those needs by supplying a service or product.  When they succeed, their businesses flourish and the profits go to them.  When they fail, their companies decline and they may have to go out of business.

Entrepreneurship is a process of looking at things in such a way as to make solutions to problems and perceived needs.  Such as, is this idea feasible? Will this idea work?

It is also the willingness to take risks involved with the starting and managing of a business.  It is also the qualities needed to function effectively in a business, profit-making context, that is, the ability to identify business opportunities and make deals.   Entrepreneurship also refers to the ability to take risks on your own initiative and be able to work in a cost effective way to make a profit. 

There are many opportunities for entrepreneurs in each type of business.  Manufacturing businesses actually produce the products they sell.  Using resources and supplies, they create everything from automobiles to paper.  Wholesaling businesses sell products to people other than the final customer. Retailing businesses sell products directly to the people who use or consume them. Service businesses sell services rather than products.  They include hotels, hairdressers and repair shops.

Entrepreneurship benefits the economy by filling unmet needs and increasing productivity. It also benefits the economy by providing employment to local inhabitants, paying taxes to government and council and often buying materials from other local businesses, which circulates money around the geographical area. In many cases, the most successful entrepreneurs started businesses that are today large corporations.

OPPORTUNITIES

The world is full of opportunities for entrepeneurs. Some take existing businesses and turn them into something bigger. Some start new enterprises from the ground up.

As you study this course, opportunities will arise. It is important to not get ahead of yourself though. You are rarely going to miss an opportunity of a lifetime, just because you waited to complete your studies. You will however have a decreased chance of success if you attempt something before you are prepared properly.

THE WORLD IS CHANGING –AND SO IS EDUCATION 

 

Finance options

If you are an Irish citizen you may be eligible to receive financial support, meaning you can defer payment of your course fees. Additionally, if you are a resident of Ireland, you may also be eligible to receive a student grant under the Student Grant Scheme

Student support

We live in a society where the pressures of daily living are high with financial expenses, personal and work commitments, and mortgage and rental obligations. Then there are the unexpected life challenges that also get thrown our way. With this in mind the thought of taking on study can be daunting for most people. Here at Learning Cloud we understand that life doesn’t run in a straight line it has many ups and downs.

As an enrolled student at Learning Cloud, you are entitled to access a variety of non-academic support services from the Student Services Unit. These supports are designed to walk beside you throughout your studies they will assist you in life’s ups and downs to provide you the best opportunity to successfully complete your chosen course.

STUDENT SERVICES PROGRAMS INCLUDE:

  • Careers Counselling Service
  • General Counselling Service
  • Disability Liaison Service
  • Retention & Engagement Service
  • Student Activities
  • Accommodation
  • E Counselling
  • Your-Tutor
  • Parent support
  • Reasonable Adjustment Plan (RAP)

Call our student support today on 0419803370 or Email Faculty

Get more information

Want more information about financial and student support? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.

How will this course advance my career?

Learning Cloud programs have been developed in response to industry demand and are specifically designed to equip graduates with work-ready skills. Each participant will be trained and assessed in theory and in practical tasks and Real-world exercises are used throughout the program.

Studies prove, time and again, that college-educated workers earn more than those with only a high school qualification. College graduates often enjoy additional benefits, including greater job opportunities and promotions. Though the proof for greater earning potential exists, some might wonder whether the cost of the education warrants the overall expense in the long run.

College Graduate vs. Non-Graduate Earnings

The National Centre for Education Statistics (NCES) analyses employee earnings data biennially, according to education level. Findings indicate that workers with a qualification earn significantly more than those without. Since the mid-1980s, education has played a large part in potential wages, with bachelor's degree holders taking home an average of 66% more than those with only a high school diploma do. While college-educated workers' wages have increased over the past two decades, those with only a high school education have seen decreases in annual salaries in the same time period (nces.ed.gov).

How else will I benefit from studying with Learning Cloud?

  • Studying online or distance means you can study where you want and at your own pace.
  • Receive career-focused training with practical, hands-on learning.
  • All course materials are provided and all digital platforms are interactive, work on any device and designed to be fun.
  • Recognition of Prior Learning or Skills Recognition may be available for previous work experience, formal training or qualifications in this field.

THANK YOU