COURSES

New Venture – Opportunity Viability Research

Course Code

114596

Review
5/5

$100

This course will give you some guidelines to help you on your way to becoming successful in your new venture. GOOD LUCK! If you are going to spend the time and effort to start a business venture, you might as well do it properly and be successful in the end.

Looking at the advantages and disadvantages of being an entrepreneur as well as the contribution the entrepreneur can make to society. Many factors to consider are labour market, business sector and choosing the right business.

Understanding your place in the market looking at the right person for the job, skills, and qualifications, your market conditions and your competition. The importance of market research and keeping constraints on trade in mind. Starting a new venture, you need to know how to take risks safely, you can minimise risk either by eliminating constraints or by finding and reducing uncertainty.

What you will learn in this course!

  • Identify and assess your own business ideas/opportunities for a new venture.
  • Analyse the viability of a selected idea/opportunity against specific screening variables.
  • Research the potential of a particular idea/opportunity as a new venture.
  • Analyse a range of risks associated with a new venture.
  • Evaluate new venture ideas/opportunities based on research findings.

Who this course is for?

This is aimed at those who wish to identify and screen new ideas and/or opportunities with the intention of establishing and/or participating in a new venture. This course can be helpful to find information about different industry sectors; explaining the purpose of potential new ventures; identifying characteristics of successful ventures and evaluating new venture opportunities.

INTRODUCTION

  • Outcomes
    • Identify and assess your own business ideas/opportunities for a new venture.
    • Analyse the viability of a selected idea/opportunity against specific screening variables.
    • Research the potential of a particular idea/opportunity as a new venture.
    • Analyse a range of risks associated with a new venture.
    • Evaluate new venture ideas/opportunities based on research findings.

 

YOUR OWN BUSINESS

  • Outcome
    • Identify and assess your own business ideas/opportunities for a new venture.
  • Introduction
  • Starting Your New Venture
  • The Advantages of Being an entrepreneur
  • The Disadvantages of Being an entrepreneur
  • The Contribution That Entrepreneurs Make to Society
  • Labour Market
  • Business Sector
  • Getting Information
  • What is a Small Business?
  • Choosing The Right Business
  • Support services and related industries
  • Essential Business Features

 

YOUR PLACE IN THE MARKET

  • Outcome
    • Analyse the viability of a selected idea/opportunity against specific screening variables.
  • The Right Person for the Job
  • Skills and Qualifications
  • I Have a Business Idea – Where do I go from here?
  • Market Conditions
  • Competition

 

MARKET RESEARCH

  • Outcome
    • Research the potential of a particular idea/opportunity as a new venture.
  • Entrepreneurship
  • Identify Training Needs
  • Market Research
  • Conducting a Survey (Research)
  • Premises
  • Constraints on Trade

 

TAKING RISKS SAFELY

  • Outcome
    • Analyse a range of risks associated with a new venture.
  • Business Survival
  • Management Capability
  • Risk Management

 

MONITOR YOUR PROGRESS

  • Outcome
    • Evaluate new venture ideas/opportunities based on research findings.
  • The Business Cycle
  • Evaluate New Venture Ideas

 

Multiple Choice Assessment

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