Section outline

    • introduction

      Welcome in the first module about entrepreneurship. Now watch the video and pay attention, this is your first step in the business world!

      Take notes!


      Learning outcomes

      Approaching the green business economy with a specific focus on the hospitality brench and developping entrepreneurship competences.

      After completing this module, you will be able to:

      • name different green business ideas   
      • think out a new green business idea for your local market    
      • create a brand concept for a new business idea    
      • create a one-page business plan for a new business idea  
      • name different fundraising and funding opportunities    
      • propose fundraising and funding ideas for a new business



      Estimated seat time
      It will take you about 5 hours to complete this module.

    • glossary icon
      Glossary
      The ENTREPRENEURSHIP encyclopedia Glossary

  • FIND YOUR BRANCH

    •  GET INSPIRED


      We know that  creating a business idea from a scratch may be difficult, so we have prepared a little helping aid for you!

      Here is a short video about Eco friendly business ideas!

        

       


    • assign icon
      Assignment
      WHAT IS YOUR IDEA? Assignment
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      Do you know the phrase

      “think globally, act locally?”

      It reflects the idea of bringing new, innovative and out-of-the box global solutions to the places that are nearest and dearest to us – our neighbourhoods, villages, towns and cities. It is also a great way to start thinking about a new business idea that will embrace the pro-green attitude and cater to the current or future needs of the local citizens that may not be as familiar with the green living as the younger generation.

      Click to add submission to start.

  • BUILD YOUR NEST

    • GET INFORMED


      Creating a business is often about finding a niche or a trend that will make your idea skyrocket and gain a solid foothold on the local, regional or even global market. Thinking on  your own about potential green business might be difficult, so we have found and interesting video with trending ideas in sustainable business:

        

        

    • assign icon
      Assignment
      CREATE YOUR IDENTITY Assignment
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      Assignment

      TIME FOR A LITTLE BREAK AND LETTING YOUR CREATIVITY TAKE OVER! 

      It is the highest time for you to think about your company’s brand – which includes your company’s name, logo and an advertisement model. 

      We know that not all have the skills of biggest painters, thinkers and innovative creators, therefore we will make this step more simple and use some free-to-use online tools to speed up the whole process!

    • assign icon
      Assignment
      CREATE YOUR BUSINESS PLAN Assignment
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      Assignment

      IT IS TIME TO INTRODUCE A DOCUMENT CALLED ONE-PAGE BUSINESS PLAN TO YOU.

      one-page business plan is a useful tool for providing an overview of your goals and targets and how you and your team will achieve them. 

      This tool can help you feel out your ideas, set priorities, and provide an outline for a more extensive standard business plan.

  • SOAR INTO THE SKIES

    • GET INFORMED

      Watch this video to get to know the steps to be followed in order to open up a start up!

      VIDEO W/AVATAR

      [TEXT: Welcome to the final part of the training session within Entrepreneurship course! Before we move to the final activities in this part, let us summarise the main steps for creating a new business. 

      (+ graphic representation of the 10 bullet points explained in the text hereafter)

      1.     CONDUCT MARKET RESEARCH

      Market research will tell you if there’s an opportunity to turn your idea into a successful business. It’s a way to gather information about potential customers and businesses already operating in your area. Use that information to find a competitive advantage for your business.

      2.     WRITE YOUR BUSINESS PLAN

      Your business plan is the foundation of your business. It’s a roadmap for how to structure, run, and grow your new business. You’ll use it to convince people that working with you — or investing in your company — is a smart choice.

      3.     FUND YOUR BUSINESS

      Your business plan will help you figure out how much money you’ll need to start your business. If you don’t have that amount on hand, you’ll need to either raise or borrow the capital. Fortunately, there are more ways than ever to find the capital you need.

      4.     PICK YOUR BUSINESS LOCATION

      Your business location is one of the most important decisions you’ll make. Whether you’re setting up a brick-and-mortar business or launching an online store, the choices you make could affect your taxes, legal requirements, and revenue.

      5.     CHOOSE A BUSINESS STRUCTURE

      The legal structure you choose for your business will impact your business registration requirements, how much you pay in taxes, and your personal liability.

      6.     CHOOSE YOUR BUSINESS NAME

      It’s not easy to pick the perfect name. You’ll want one that reflects your brand and captures your spirit. You’ll also want to make sure your business name isn’t already being used by someone else.

      7.     REGISTER YOUR BUSINESS

      Once you’ve picked the perfect business name, it’s time to make it legal and protect your brand. If you’re doing business under a name different than your own, you’ll need to register with the federal government, and maybe your state government, too.

      8.     GET YOUR TAX ID

      You’ll use your employer identification number (EIN) for important steps to start and grow your business, like opening a bank account and paying taxes. It’s like a social security number for your business. Some — but not all — states require you to get a tax ID as well.

      9.     APPLY FOR LICENSES AND PERMITS

      Keep your business running smoothly by staying legally compliant. The licenses and permits you need for your business will vary by industry, state, location, and other factors.

      10. OPEN A BUSINESS BANK ACCOUNT

      A small business checking account can help you handle legal, tax, and day-to-day issues. The good news is it’s easy to set one up if you have the right registrations and paperwork ready.

      As you have noticed, you have already conducted a market research, chose your business structure, business name, logo, and slogan, created the one-page business plan and picked your business location. It is time to inquire about official documents required in your country to register a company, check what permits and licenses will you need to open your business and think about ways to find  the necessary funding. This is the final stretch so keep calm and keep digging!]


    • page icon
      Page
      FUNDING OPPORTUNITIES Page
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      How can a new green business connect with potential users and brand supporters? 

      One of the biggest concerns that almost every new company faces is securing enough financial resources to easily glide through the first months of operation before the planned profits are reached. It would be great if one could fall on a financial cushion prepared by one’s own family, but in most cases, companies are being built from scratch and the first months on the market can be challenging for them. Especially within the green business sector, a close connection between the company and the potential users and brand supporters is crucial for achieving success.


    • assign icon
      Assignment
      SOAR INTO THE SKIES - PLANNING THE CASH FLOW Assignment
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      Are you ready for the last assignment of this unit? 


      Based on the ideas presented in the previous activity, try to envision a yearly funding/fundraising plan for your new business concept. Use your one-page business plan to stay focused on your target groups and the problems that your future company would like to solve.

      Remember also that you are a “green company” so all your activities should have a minimum impact on the environment 😊

      Download the assignment track below, fill it in, rename it, and upload it back to submit it to evaluation.

  • FOLLOW-UP

    • url icon
      URL
      ENTREPRENEURSHIP FOLLOW-UP GAME URL

      A game-like quiz to ensure that students have gained the whole learning experience from this module. It can be a decision tree or quiz-like escape room.