This document outlines the class activities for a course on technopreneurship. Students will establish a small business utilizing new technology by brainstorming ideas, conducting market research, and writing a business plan that addresses operating times, pricing, budgets, and policies. They will then select a business structure, secure funding, market the business, monitor its growth, analyze its strengths and weaknesses, and track its financial status. The final assignment is to submit a summary or financial report on the established e-business, which will serve as the student's final examination grade for the course.
This document outlines the class activities for a course on technopreneurship. Students will establish a small business utilizing new technology by brainstorming ideas, conducting market research, and writing a business plan that addresses operating times, pricing, budgets, and policies. They will then select a business structure, secure funding, market the business, monitor its growth, analyze its strengths and weaknesses, and track its financial status. The final assignment is to submit a summary or financial report on the established e-business, which will serve as the student's final examination grade for the course.
This document outlines the class activities for a course on technopreneurship. Students will establish a small business utilizing new technology by brainstorming ideas, conducting market research, and writing a business plan that addresses operating times, pricing, budgets, and policies. They will then select a business structure, secure funding, market the business, monitor its growth, analyze its strengths and weaknesses, and track its financial status. The final assignment is to submit a summary or financial report on the established e-business, which will serve as the student's final examination grade for the course.
CLASS ACTIVITIES A. Establish a small business utilizing new technology.
1. Brainstorm Business Ideas
PHYSICAL BUSINESS Café Restaurant Clothing shop Book Store Record Shop
2. Conduct Market Research
- Choosing a business idea - Analyzing & gathering information about a potential market - Potential customers - Competitors - Current economic environment
3. Write a Business Plan
- Operating time - Accessibility - Pricing - Return Policy - Budget for Marketing (rough estimate) - Reputation of a Brand - Policy for Product delivery - Additional Goods and Services
4. Select a Business Structure (Sole, Partnership, LLC, Corporation)
5. Secure Funding – requires a lot of planning preparation and research. 6. Market your Business – (target audience /email marketing) 7. Monitor your Growth 8. Make a S.W.O.T analysis of your established e-business. 9. Monitor your financial status if it grows. (Return of investment- ROI) 10. Make a summary report and/or Financial report 1 week before Final Examination period.