The entrepreneurship programme was started as a joint effort between the Business and Skills Development Agency (BSD) and the entrepreneur institute. The program aims to develop entrepreneurial skills in people through a rigorous training program that is aimed at developing leadership and managerial competencies. The programme also strives to build confidence in business owners and company leaders by providing them with the tools, information and resources they need to make sound business decisions.
The entrepreneurship programme is divided into three main sections:
- The fundamental principles of enterprise
- Market research
- Business development
- The first two sections will help students learn the principles of enterprise and market research, while the last section will prepare students for the evaluation processes involved in entrepreneurship. The programme also looks into the types of businesses that exist today, and the methods used to make money out of them. Finally, the programme examines the current state of the global economy and looks into how other economies are doing. The final part of the programme looks into the future of enterprise and discusses what is being done to ensure that the world’s economies and markets are sustainable.
- The last one of the entrepreneurship programme looks at the nature of the enterprise. The core members of the programme work closely with executives from leading venture capital and business companies to determine what makes an enterprise successful. The end result of this analysis is a set of business strategies that can be used to transform promising ventures into successful enterprises.
Entrepreneurship programme design
In order to design the best entrepreneurship programs, BSD worked with a series of organizations and experts who were experts in different areas. These people include Sir James Coleman, Sir Philip Green, Lord Woolf, Lord Mackay, Sir Roger Cooksey and Professor Peter Drucker. Together, they came up with a series of questions for entrepreneurs programs about what makes a successful enterprise and then used a series of case studies to analyze these concepts. The result of their work is a set of business strategies that is referred to as the foundation of the top entrepreneur programs. These are then translated into concepts that can be applied across a range of business activities.
Entrepreneurship programme main advantage
One of the main advantages of entrepreneurship programmes is that they often involve studying entrepreneurship at a developmental stage of life through the medium of education. This enables young people to develop essential managerial skills, as well as an understanding of the types of businesses that can help them make a living. They may also gain valuable social enterprise skills that they can apply later on to their personal lives. These include problem solving and leadership qualities.
As part of the entrepreneurship programme, students learn the importance of innovation and how this can be applied in their venture. Innovation occurs when new products or services are developed. The process of innovation involves looking for new opportunities in the current market. The entrepreneurship programs therefore looks at the impact that innovation can have on a business. It then goes on to show how such opportunities can be capitalised in order to provide more value for money to investors.
Entrepreneurship programmes usually include a business incubator. This is a programme whereby young entrepreneurs are provided with the necessary tools and information in order for them to begin building an enterprise team. The incubators are usually set up by universities or business organisations and they provide the young entrepreneurs with both mentoring and executive training. There are usually two types of incubators available. One is generally focused on aspects such as marketing and branding and the other one is more focused on the operational aspects of the business.