ALL LESSONS Flashcards
(42 cards)
ENTERPRISE FOR THE POOR
COOPERATIVE
The entrepreneur must be knowledgeable about the financial aspects of the business decisions.
Financial
Product must also have the right price, right promotion, and the right place where It can be sold.
Marketing
4Ps of Marketing5
- Product
- Pricing
- Place
- Promotion
These are vital to the growth and success of the enterprise.
Managerial Skills
Must be able to identity the strengths and weaknesses of his personnel.
Managerial Skills
The entrepreneur should have thorough evaluation of what is to be attained by going into business and what human and financial resources are available and necessary.
Decision-making
is a way or method by which organizational activities are divided, organized and coordinated
Organization Structure
This is the core department that manages the internal functions of the company which often includes the General Administration, Personnel, Accounting, and Finance divisions.
ADMINISTRATION DEPARTMENT
acts as the implementer in the delivery of the company‘s core product which is to serve as intermediary between the suppliers and the client
Operation department
segmented activities which aim to uplift the sales revenue of the organization
MARKETING AND SALES DEPARTMENT
This proves to your banker that you have a long-term commitment to your project.
Personal investment
This is money loaned by a spouse, parents, family or friends. A banker considers this as “patient capital”, which is money that will be repaid later as your business profits increase.
Love money
take an equity position in the company to help it carry out a promising but higher risk project.
Venture capital
are generally wealthy individuals or retired company executives who invest directly in small firms owned by others
Angels
is a form of fundraising where a business asks the public for a contribution, usually in exchange for equity in the company
Crowdfunding
where, in exchange for their money, investors receive shares in a company or the right to a portion of revenues or profits from a specific product
Equity crowdfunding
where investors lend their money to a company at relatively high interest rates, thus mitigating their overall lending risk by spreading a large amount of money in small increments across a large number of loans
Debt crowdfunding
where a company sets a fundraising target and asks for donations—in exchange for some kind of token or receipt of the eventual product or service to be developed
Donation/reward-based crowdfunding
(or “accelerators”) generally focus on the high-tech sector by providing support for new businesses in various stages of development
Business incubators
Technically, a grant is a sum of money conditionally given to your business that you don’t have to repay.
Grants and subsidies
the most commonly used source of funding for small and medium sized businesses
Loans
ANY FORM OF OR USE OF MEDIA FOR THE NON-PERSONAL PRESENTATION OF A PRODUCT OR SERVICE TO A GROUP BY AN IDENTIFIED SPONSORS
Advertising
PARTICIPATION IN COMMUNITY DEVELOPMENT TO CALL THE ATTENTION OF PEOPLE TO WHAT THE BUSINESS ENTERPRISE IS DOING WITHOUT ANY ATTEMPT OF SELLING.
Public relations
