Essentials of Entrepreneurship Fundamentals (EEF 101)
How to become an entrepreneur
Background
Although becoming an entrepreneur may not require a degree or specific professional requirements, it takes lots of knowledge, passion, and a drive to succeed. Successful entrepreneurship requires someone who is risk-averse and has capacity to handle failure or acceptance if the idea doesn’t match the exact need and timing in the market.
Entrepreneurs make difficult decisions, often taking risks to achieve their goals. It’s because they’re willing to take these risks that entrepreneurs make a significant impact on their local and national economies and in their own lives.
The entrepreneurial path tends to start with a great idea and turning on the wheels on what resources and technology needed to bring this idea to life. That process can be very daunting.
In this course, (Essentials of Entrepreneurship Fundamentals-EEF 101), we share who an entrepreneur is, whether entrepreneurship is for everyone or not, what things to consider before you start and address some of the common questions about entrepreneurship as a career opportunity.
Who Should Attend?
This program will benefit the following
- current managers and executives who seek to enter entrepreneurship while still in formal employment
- It is ideal for anyone planning for retirement
- People with ideas they want to test before they launch it
- People already in business who want to sharpen their entrepreneurial knowledge and skills.
Course Outline:
The core essentials of the course include the following steps on becoming an entrepreneur:
- Identify a problem
Often you come up with your great concept or idea—like a restaurant concept, delivery service, coaching specialty, or new app. What do you do next to make sure your idea is indeed a solution that can be scaled up for growth and profitability in the market?
- How to identify the common unknowns in entrepreneurship
Many factors play into a business idea such as location, people, and general need or lack of opportunity. Many new entrepreneurs only see their idea at face value, not realizing that these factors and many others may be vital to the success or failure of the business.
Practical steps in starting the business.
To start a business, entrepreneurs need to educate themselves on the industry they’re entering. They need to understand the requirements and expectations needed for success. Financing can be challenging this early in a new entrepreneur’s career. How do you navigate through these initial hurdles?
- Build your network
It can be challenging to get a business venture going, but you can make it easier by enlisting help from other professionals or mentors. Those who take the time to network and make new connections can gain valuable benefits. But where do you start from and what is the best way to go about finding and or building solid supportive network?
- Test the idea
The entrepreneur’s idea is solid, but they need to test it. What are the best practical ways to test the idea before you start it? And what do you make out of the lessons to be learned during the testing period.
- Raise money
It’s good to have savings to fall back on, but the entrepreneur may need a lot more to start the business. How do you identify the practical and most cost-effective ways to obtain capital for your business? Would you bootstrap, apply for a loan, or find an investor? What practical factors will help you in reaching a conclusion on which one to select?
Benefits of the Course
By attending the Course, you will:
- Understand who an entrepreneur is, whether it is for you or not.
- Things to consider before you start the business and invest money in it.
- Discover and address some of the common questions about entrepreneurship, and specifically about your idea.
- Practical steps in raising capital.
- How to sustain your business through profitable supportive networks
- Upon completion of the course, you will receive a Certificate of Completion
- You will also receive a digital badge that serves as a certified online credential of your accomplishment and a member of the HCI’s Start-ups and SMEs Continental network.
- You can use the badge among social networks such as LinkedIn.
Course Duration
This course can be completed in three Options:
- 3-Saturdays of 3 hours each.
- 2 Weekends (Friday -Saturday) 2 hours each day
- 3 Weekdays of 3 hours a day
Location:
Strictly digital on the HCI’s Ujuzi Africa platform
Faculty:
Emmanuel Dei-Tumi
President- Human Capital International
