Entrepreneurship Fundamentals: Learn How To Start a Business
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**HIGHEST RATED COURSE ON UDEMY!**
Welcome to Entrepreneurship Bootcamp, a course designed for new and aspiring business owners. This course was designed to help you learn the fundamentals of starting a business. Every startup needs a strategy to grow and become profitable.
Are you ready to take your career to the next level? In this course, you will learn everything you need to know about business, from coming up with your business idea to getting your first customer. This course covers all of the important topics you will learn from getting an MBA from a top school plus real-life practical business concepts that will help make you more successful!
You might be telling yourself: “I want to start a business but I don’t have a business degree.” It’s OK, neither do I, and I was still able to grow, and continue to grow successful small businesses. Experience and creativity are better than education. Experience cannot be taught, the only way to learn new skills is through first-hand experience. The best business you can start is one that aligns with your skills, expertise, passion, and goals.
This course is designed to help you learn how to start any business. Whether you want to open a home-based business, online retail store, coffee shop, or day-care center, the strategies you will learn in this course are the foundation to the success of any business.
NOT YOUR TYPICAL BORING LECTURE
This is not a typical boring lecture where you sit and learn theories through slide shows. I learned about business the hard way: lots of failures, successes, and everything in between. In other words, real-life experience. This course will show you real-world examples of starting a business, how to avoid pitfalls, strategies to increase your profits, and more.
This course gets straight to the point and is easy to understand so you get maximum value from it.
KEY TAKEAWAYS:
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Find your WHY. Do you want to start a business because you have to or because you want to? Is your goal to make money or to make a positive and lasting impact in your community or the world?
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Unleash the power of your skills. Use what you know to your advantage. Discover what you are good at and transition from employee to business owner.
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How do you know if your customers will buy from you? Learn how to validate your business idea and strategies you can implement to outperform your competition.
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Find the right customers to maximize your profits.
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Find opportunities to become a leader in your market.
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Create financial goals to grow a profitable business.
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Create a great brand that connects with customers.
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Learn the main legal entities for small businesses.
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Why you need a business plan and how to create one.
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Find the information you need to legally register your business.
KEYS FOR SUCCESS
It is highly suggested that you complete assignments for each chapter. By the end of the course, you will have a short version of a business plan. If you need help understanding certain sections of this course, do not hesitate to ask, I am here to help you learn.
Understand that starting a business is a risky investment and like any type of investment, success is not guaranteed. But if you apply the strategies used in this course, you will have a higher probability of growing a successful business.
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Welcome to Entrepreneurship BootcampWelcome to Entrepreneurship Bootcamp, and congratulations on your desire to become a small business owner. This course will help you learn everything you need to know about becoming an entrepreneur... in a nutshell of course.
The steps and strategies discussed in this course will help you start ANY business.
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Course Structure
Download your workbook where you will complete tasks assigned for each chapter. The workbook will serve as a short version of a business plan.
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Start with WHY
In order to be successful, you need to understand your WHY. Many business owners can explain what they do, but few can explain WHY they do it. Your WHY will help you make a positive and lasting image in the market.
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Chapter 1 Assignment
Describe the goal of your business. WHY do you do what you do?
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From employee to business owner
You have what it takes to become a business owner. It is time to conduct a self-evaluation and dig deep inside to unleash your skills and transition from employee to business owner.
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Chapter 2 Assignment
To help you decide what type of business you can start, list all of the skills and expertise you can use to become a successful business owner.
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Is your business solving a problem, need, or desire?
Businesses exist to solve a problem, fulfill a need, or satisfy a desire. In order to validate your business idea, any of the previous goals need to be met. One way to see if your business idea is viable is to identify your competition in your niche.
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Chapter 3 Assignment
Your assignment for Chapter 3 is to determine if your business will solve a problem, need, or desire.
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Why market research is important
Market research is crucial to the success of a business. In order the identify the right target audience, you need to create a customer profile that resembles your ideal customer.
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Facebook Audience Insights
This is a short overview of how you can use Facebook Audience Insights to research your target audience and create a customer profile.
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Find your customers with Mergent Intellect
Libraries are more than just books and magazines. Every library has a business resource section and provides resources for small businesses. Mergent Intellect is a company that provides market statistics.
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Research your competition with Mergent Intellect
Part of building a successful business is knowing who your competition is. Mergent Intellect is also a great place to learn about your competition.
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Chapter 4 Assignment
Now it is time to apply what you learned in this chapter and do market research. Create a customer profile and learn as much as you can about your competition.
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What is a SWOT Analysis?
Learn what a SWOT Analysis is and how it will help your business succeed.
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Analyze your company's strengths
Learn how your strengths can position you ahead in the market.
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Analyze your company's weaknesses
Learn how to use your weaknesses to discover new opportunities
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Identify new opportunities
Learn how opportunities will help you become a leader in the market.
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Understand your threats
WATCH OUT! Identify potential threats before they cause harm.
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Chapter 5 Assignment
Now it is time to apply what you learned in this chapter and create a SWOT Analysis for your business.
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The importance of Financial Statements
As a business owner, you must know and understand your business finances.
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Sales Projections and Profit & Loss Statement
Learn how to create sales projections and profit and loss statement
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Cash Flow Statement
Learn how to create cash flow statements
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Balance Sheet
Learn how to create AND read the balance sheet
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Chapter 7 Assignment
Create sales projections and financial statements for your business.
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Legal structures for small businesses
Legal business structures for small businesses
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Sole Proprietorship
Learn what a sole proprietorship is and the pros and cons
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Partnerships
Learn what partnerships are and the two types of partnerships
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Limited Liability Company
Learn the benefits of forming an LLC.
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Chapter 9 Assignment
Now it is your turn to think about what type of legal entity you will choose for your business.
