EDUCATIONAL PATHWAY FOR MIGRANT ENTREPRENEURS
The info-training path is addressed to migrant entrepreneurs offering a complete overview, orientation and initial training concerning all of the aspects of an entrepreneurial activity.
- 2.1 CUSTOMER ORIENTATION
- 2.2 BUSINESS MODEL CANVAS
- 2.3 MARKETING
- 2.4 WORKING TIME MANAGEMENT
- 2.5 ECONOMIC MANAGEMENT
- 2.6 INVESTMENT AND FINANCING PLAN
Chapter 1 – EVALUATE YOUR ENTREPRENEURIAL ATTITUDE
Do you really want to be an entrepreneur? – Do you think to possess the necessary qualities?
Even people who possess the necessary qualities to be an entrepreneur might not necessarily become happy by being one. An honest self-evaluation will allow you to assess your personal characteristics and determine your willingness to meet the demands of owning your own business.
Chapter 2 – HOW TO MANAGE YOUR BUSINESS
2.1 CUSTOMER ORIENTATION
The Customer is the business’ biggest asset, because there is no profit, no growth and no jobs without the customer. Understanding your customers’ needs is a key factor to the success of your business
2.2 BUSINESS MODEL CANVAS
A Business Model describes the rationale of how an organization creates, delivers, and captures value, in economic, social, cultural or other context. The process of business model construction is part of business strategy. The business model canvas will help you to build your business plan.
Simply stated, marketing is everything you do to place your product or service in the hands of your potential customers. In fact, most aspects of your business depend on successful marketing. Without marketing, your potential customers may never be aware of your business offerings and your business may not be given the opportunity to progress and succeed.
2.4 WORKING TIME MANAGEMENT
Sometimes you might be overwhelmed by all the tasks you need to do to open or run your business.
2.5 ECONOMIC MANAGEMENT
An economic study enables you to analyse the viability and sustainability of your business venture. It involves translating the information in the technical study of the business venture or in the business plan into numbers. It is always advisable to conduct an economic study prior to starting up a business.
2.6 INVESTMENT AND FINANCING PLAN
The investment is everything required in order to open the doors of the business and the financing plan mentions all the possibilities for financing of the venture.
Chapter 3 – FINANCIAL EDUCATION
3.1 FAMILY BUDGET
Knowing how you spend your money can help you plan how to cover your expenses and reach your financial goals. Having full knowledge of your monthly budget can lead to more stability and improved life quality and gives you a sense of control over your money.
There are different types of saving services, they are generally divided in three main categories: formal, semi-formal and informal.
Remittance service providers fall into two categories:
Chapter 4 – FINANCING OF A BUSINESS
4.1 LEASING AND RENTING
Leasing means that there is an option to buy the item (vehicle or machine) at the end of the duration of the contract. Renting means that you have to pay monthly fees that include not only the use of a vehicle but also all the related expenses.
Microcredit is a type of alternative financing for those who do not have access to financing because they have been socially or financially excluded. Collateral is not often required, so microfinance institutions try to build trust with the borrower in order to have confidence that the loan will be repaid. Often entrepreneurs will participate in training or one on one tutoring to build this trust and to give the microfinance institution an opportunity to know you and your business plan.
The goal of crowdfunding is to share the financing of a project between those who wish to support it. Currently, it is an alternative to the traditional bank loan to get access to financial resources to be able to carry out a business project.