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Objectives of the course
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The course will support trainees in:
- Business planning - structure, tools, financial analysis (cash flow)
- Networking – important regional and national players, policies and programs
- Project management – tools, resource allocation, valuation, risk management
- Research and Development, innovation
- Knowledge management, intellectual capital
- Soft skills (creativity – tools and techniques, team work, conflict resolution, etc)
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Main contents
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PART I- Entrepreneurship attitude, entrepreneurship as a possible career, entrepreneurial process
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What is entrepreneurship, goals of entrepreneurship
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Who is the entrepreneur, personal traits, risk attitude
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Critical factors for starting a new enterprise
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Evaluating opportunities for new businesses: from idea to business opportunity
PART II- Business model and strategy
The business model – costs and revenues
Part III- Introduction to management for starting business – marketing, HRM
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Why marketing is critical
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Acquiring market information
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Segmentation, targeting and positioning
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The marketing mix
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Marketing skills
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Team roles, stages of team development
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Building the founding team
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Keeping the team together
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Motivation, compensation
PART IV- Legal environment of business in the Czech Republic
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Choice of legal form
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Legal and tax issues
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Social and health insurance, property and liability insurance
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Support of SMEs in the Czech Republic and in the EU
Part V- Business planning, financial management
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Business plan purpose and structure
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Financial statement overview
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Financial plans
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Cash flow, computer support
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Fixed and variable expenses, break-even
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Net present value, expected commercial value
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Business plan presentation
PART VI- Financing entrepreneurial ventures, raising money for starting and growing business; debt and other forms of financing
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Financing a new venture: business angels, seed capital
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Financing the growth: venture capital
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Cash conversion cycle, working capital
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Loans
Part VII- WORKSHOP 1: team work – from business idea to business plan
Part VIII- Project and process management
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General concepts of PM
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SW support of PM (Microsoft Project)
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Soft skills in PM (leadership, team building, communication, conflict resolution, etc)
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Risk management
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Project budgeting and resourcing
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New product development, stage gate process
Part IX- Research and development, innovation
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R&D and company performance
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Models of innovation (incremental-radical; open-closed; sustaining-disruptive)
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Innovation process, front end of innovation
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Innovation strategy
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Innovation potential of a company
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Overview of public support for R&D projects in the Czech Republic and EU
Part X- Knowledge management, intellectual capital
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Tacit and explicit knowledge
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Knowledge intensive enterprise’s creation and management
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Intellectual Property and the evolution of the IP system
Part XI- Soft skills in entrepreneurship (creativity, team work)
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Creativity – creative process, methods, tools
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Team work – formal and informal teams, stages of team development, team roles, communication, conflict resolution
Part XII- WORKSHOP 2: presentation of team projects
Part XIII- FINAL – course evaluation
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Teaching methods
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Mix of classroom lectures and workshop, business planning, case studies, consulting for SMEs, interactive sessions, role playing in simulated practical environment.
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