how to turn your business idea into reality!
TRANSCRIPT
![Page 1: How to Turn Your Business Idea into Reality!](https://reader033.vdocument.in/reader033/viewer/2022042605/58e5faf41a28ab09478b57b1/html5/thumbnails/1.jpg)
...
Or >> How to Turn Your Business
Idea into Reality!
Shema Elmenshawy – Project Manager (Feb 2017 )
![Page 2: How to Turn Your Business Idea into Reality!](https://reader033.vdocument.in/reader033/viewer/2022042605/58e5faf41a28ab09478b57b1/html5/thumbnails/2.jpg)
(they`re working on their ideas as groups)
![Page 3: How to Turn Your Business Idea into Reality!](https://reader033.vdocument.in/reader033/viewer/2022042605/58e5faf41a28ab09478b57b1/html5/thumbnails/3.jpg)
Small business
definition
Types
Of entrepreneurs
Types
of
projects
S.Business
VS collapsed economy
pitch
your business
![Page 4: How to Turn Your Business Idea into Reality!](https://reader033.vdocument.in/reader033/viewer/2022042605/58e5faf41a28ab09478b57b1/html5/thumbnails/4.jpg)
Motivation
Ability
Idea
Resources
Research the
market & plan
marketing
Explore funding & plan
finances
Gather team & plan
operations
Write Your
Business Plan
Take lots of advice & network
Negotiate Yourself
Into Business
![Page 5: How to Turn Your Business Idea into Reality!](https://reader033.vdocument.in/reader033/viewer/2022042605/58e5faf41a28ab09478b57b1/html5/thumbnails/5.jpg)
6 M`S
Management
Man power
Material
Machines
Market
Money
![Page 6: How to Turn Your Business Idea into Reality!](https://reader033.vdocument.in/reader033/viewer/2022042605/58e5faf41a28ab09478b57b1/html5/thumbnails/6.jpg)
![Page 7: How to Turn Your Business Idea into Reality!](https://reader033.vdocument.in/reader033/viewer/2022042605/58e5faf41a28ab09478b57b1/html5/thumbnails/7.jpg)
Risk Evaluation – SWOT Analysis
• Outline Strengths and Weaknesses of the business and yourself.
• How can any known weaknesses be overcome?
• What opportunities exist and how can they be exploited?
• What are the threats, including the competition, and how can they be overcome or mitigated?
![Page 8: How to Turn Your Business Idea into Reality!](https://reader033.vdocument.in/reader033/viewer/2022042605/58e5faf41a28ab09478b57b1/html5/thumbnails/8.jpg)
Feasibility study
Market Finance Technical
(know how) BMC
![Page 9: How to Turn Your Business Idea into Reality!](https://reader033.vdocument.in/reader033/viewer/2022042605/58e5faf41a28ab09478b57b1/html5/thumbnails/9.jpg)
1st Workshop presentation
![Page 10: How to Turn Your Business Idea into Reality!](https://reader033.vdocument.in/reader033/viewer/2022042605/58e5faf41a28ab09478b57b1/html5/thumbnails/10.jpg)
Write a Business Plan ???
WHY:
• Makes you think through the idea in some depth!
• It is a test to see if your idea will stand up to scrutiny!
• Usually essential if you want to borrow money !
• Provides an ongoing reference point for when you are in business!
![Page 11: How to Turn Your Business Idea into Reality!](https://reader033.vdocument.in/reader033/viewer/2022042605/58e5faf41a28ab09478b57b1/html5/thumbnails/11.jpg)
![Page 12: How to Turn Your Business Idea into Reality!](https://reader033.vdocument.in/reader033/viewer/2022042605/58e5faf41a28ab09478b57b1/html5/thumbnails/12.jpg)
Profit
Break even
point
Variable costs
Fixed costs
Budget Cash flow Financial statement Profit margin
![Page 13: How to Turn Your Business Idea into Reality!](https://reader033.vdocument.in/reader033/viewer/2022042605/58e5faf41a28ab09478b57b1/html5/thumbnails/13.jpg)
2nd Workshop presentation
![Page 14: How to Turn Your Business Idea into Reality!](https://reader033.vdocument.in/reader033/viewer/2022042605/58e5faf41a28ab09478b57b1/html5/thumbnails/14.jpg)
![Page 15: How to Turn Your Business Idea into Reality!](https://reader033.vdocument.in/reader033/viewer/2022042605/58e5faf41a28ab09478b57b1/html5/thumbnails/15.jpg)