Challenging, complex and multifaceted. Those are the words that can be employed to describe a new venture correctly. When one decides to walk on the course of entrepreneurship, they tread a path that is long with blind turns filled with pitfalls and most times it winds in a circle. It is the reason why most start-ups and ventures tend to tank. But those who survive, reap a lot of rewards financially and personally. Hence, any help a businessperson can get, such as a workshop on entrepreneur life, should be much appreciated. In this article, we give a breakdown of what a high-grade seminar for new business must contain.
The Aim of The Workshop
The primary objective of the class should be to make individuals aware of the:
that are connected with a brand-new business. The second aim must be to equip every participant with the right tools that are required to start a venture from scratch. The education should give them a fighting chance at turning the business successful.
What Should It Teach?
A few areas a workshop on how to run a business should cover are:
• Generate business ideas that are scalable and have the knack to assess them.
• Generate problem-solving skill that is based on creativity. This quality is essential in entrepreneurial businesses.
• How to develop a business model, the corresponding plan and competitive strategy. Some features would be:
o value proposition and innovation
o market identification and competitive strategy
o financial value creation
• Understand and analyse market opportunities.
• To form a team that can work together successfully.
• Techniques to raise money from venture capitalists and investors.
Through the workshop, a businessperson should become capable of decoding the big picture. The adage ‘go big or go home’ does hold a lot of value in business, and every entrepreneur should believe in it. But at the same time, the balance between risk and return needs to be maintained which should be another aspect included in the workshop. Another crucial element would be teaching people how to deal with the fear of failure and overcoming setbacks. In business, every failure teaches a lesson.
A two to three-day workshop would be ideal with sessions by a facilitator that study:
• The strengths of the business plans of each participant.
• The weak points of the plan
Furthermore, the mentor must provide feedback on the business model and advice on turning the competitive strategy better than before. A workshop is meant to create better businesspeople and sharing ideas and recommendations from an expert is just one way to achieve it.
Some of the educational methods that a brilliant workshop will have are:
• idea sharing
This is needed because each person learns differently. A varying session will enable every participant to gain something of merit from the workshop or seminar.
Any workshop that adheres to this breakdown and offers the value proposition explained would make an excellent choice for a budding entrepreneur to learn how to survive the cutthroat world of new ventures.